Enhanced Clarity Requirements for Penalty Notices under Section 271(1)(c) of the Income Tax Act: Insights from Satendra Kumar Jalan (HUF) v. ACIT Introduction The case of Satendra Kumar Jalan (HUF)...
Strict Compliance and Accurate Interpretation Essential for Deductions under Section 80IB(10): Insights from Harshvardhan Constructions v. ITO Introduction The case of Harshvardhan Constructions v....
NPCI v DCIT (E) 2020: Affirming Charitable Status of Payment System Operators under Sections 11 & 12 Introduction The case of NATIONAL PAYMENTS CORPORATION OF INDIA (NPCI) v. DCIT (E) 2(1), Mumbai,...
Bar Council of Delhi Secures Section 12AA and 80G Exemptions: A Landmark Judgment Introduction The case Bar Council of Delhi v. Commissioner of Income Tax (Exemption), New Delhi adjudicated by the...
DCF Valuation Method Upholding in Section 56(2)(viib) Taxation: Flutura Business Solutions Pvt Ltd vs Income Tax Officer Introduction The case of M/s Flutura Business Solutions Private Limited,...
Non-Applicability of Penal Provisions on Estimated Additions under Section 271(1)(c) of the Income Tax Act: Insights from Shri Anil Abhubhai Odedara v. ITO, Ward-3(1), Jamnagar 1. Introduction The...
Strict Procedural Compliance in Transitioning from Limited to Complete Scrutiny: Insights from Shri Prabir Das v. Income Tax Officer Introduction The case of Shri Prabir Das, Karimganj v. Income Tax...
MakeMyTrip India Pvt. Ltd. v. DCIT: A Landmark Judgment on Transfer Pricing and AMP Expenses in the E-Commerce Sector Introduction The case of MakeMyTrip (India) Pvt. Ltd. vs. DCIT, New Delhi is a...
Transfer Validity and Expense Deductibility in Capital Gains: The ACIT, Kota v. MK Ijyaraj Singh Ji Precedent Introduction The case of Assistant Commissioner of Income Tax, Circle-2, Kota v. MK...
Clarity in Penalty Notices under Section 271B: ITAT Guwahati's Landmark Judgment Introduction The case of North Eastern Constructions, Dibrugarh v. Income Tax Officer, Ward-1(2), Dibrugarh delivered...
Adherence to DRP Directions and Validity of Ad Hoc Disallowances in Income Tax Assessments: Insights from PWCPL v. ACIT, ITAT Kolkata Introduction The case of M/s. Pricewaterhouse Coopers Private...
Clarification on Section 36(1)(viii) Deductions and Section 43B Implications in Housing Finance: Insights from DCIT Corporate Circle 5(1), Chennai v. Repco Home Finance Introduction The case of DCIT...
Shagun Jewellers vs. ACIT: Clarifying Burden of Proof under Section 68 of the Income Tax Act Introduction The case of Shagun Jewellers Pvt. Ltd., New Delhi v. Assistant Commissioner of Income Tax...
Sufficiency of Enquiry by Assessing Officer under Section 263 Affirmed Introduction The case of Shailesh Kumar Gandhi vs. Principal Commissioner of Income Tax (Pr. CIT), Cuttack adjudicated by the...
Strict Compliance with CBDT Instructions in Converting Limited Scrutiny to Complete Scrutiny: Insights from Dev Milk Foods Pvt Limited v. ACIT 1. Introduction The case of Dev Milk Foods Pvt Limited,...
Impact of Omission of Section 92BA(i) on Revisional Jurisdiction under Section 263 of the Income Tax Act: Insights from Raipur Steel Casting India Pvt. Ltd. vs Pr.CIT-5, Kolkata Introduction The case...
Clarifying the Application of Section 115BBE: Insights from Assistant Commissioner Of Income Tax, Alwar v. Sudesh Kumar Gupta Introduction The case of Assistant Commissioner Of Income Tax, Alwar 1...
Taxation of Waived Working Capital Loans: Insights from Sri Vasavi Polymers Pvt. Ltd. v. Income Tax Officer Introduction The case of The Income Tax Officer, Ward-3, Srikakulam v. Sri Vasavi Polymers...
Authority to Grant Extension for Special Audits Under Section 142(2A) Introduction The case of Assistant Commissioner of Income Tax (Appeals), New Delhi vs. M/s Soul Space Projects Ltd., Delhi...
Capitalization of Interest Expenses and Section 35D Applicability in Investment Companies: A Comprehensive Review of Addlife Investments Pvt. Ltd. v. DCIT 1. Introduction The case of Addlife...