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Income Tax Appellate Tribunal Case Commentaries

Assessment of Trading Additions and Expense Disallowances in Shri Prakash Chand Ostwal v. Income Tax Officer, Jaipur

Assessment of Trading Additions and Expense Disallowances in Shri Prakash Chand Ostwal v. Income Tax Officer, Jaipur

Date: Feb 22, 2020
Assessment of Trading Additions and Expense Disallowances in Shri Prakash Chand Ostwal v. Income Tax Officer, Jaipur Introduction The case of Shri Prakash Chand Ostwal, Jaipur v. Income Tax Officer,...
Exclusion of Income from Sale of Scrap in Total Turnover for Section 80HHC Deduction: ITAT Mumbai Aligns with Supreme Court Rulings

Exclusion of Income from Sale of Scrap in Total Turnover for Section 80HHC Deduction: ITAT Mumbai Aligns with Supreme Court Rulings

Date: Feb 22, 2020
Exclusion of Income from Sale of Scrap in Total Turnover for Section 80HHC Deduction: ITAT Mumbai Aligns with Supreme Court Rulings 1. Introduction The case of Mumbai v. Glaxo SmithKline...
Comprehensive Commentary on KIRTIDEVI S. TEJWANI v. PR. CIT-22: Implications on Section 56(2)(vii)(b) and Section 263 of the Income Tax Act

Comprehensive Commentary on KIRTIDEVI S. TEJWANI v. PR. CIT-22: Implications on Section 56(2)(vii)(b) and Section 263 of the Income Tax Act

Date: Feb 22, 2020
Comprehensive Commentary on KIRTIDEVI S. TEJWANI v. PR. CIT-22: Implications on Section 56(2)(vii)(b) and Section 263 of the Income Tax Act Introduction The case of KIRTIDEVI S. TEJWANI, Mumbai v....
Clarifying the Valuation and Allowance of Acquired Jewelry: Insights from Shri Ram Prakash Mahawar vs DCIT Central Circle, Alwar

Clarifying the Valuation and Allowance of Acquired Jewelry: Insights from Shri Ram Prakash Mahawar vs DCIT Central Circle, Alwar

Date: Feb 21, 2020
Clarifying the Valuation and Allowance of Acquired Jewelry: Insights from Shri Ram Prakash Mahawar vs DCIT Central Circle, Alwar Introduction The case of Shri Ram Prakash Mahawar vs DCIT Central...
Strict Adherence to Time Limits in Reassessment Proceedings under Section 149(1)(b) of the Income Tax Act

Strict Adherence to Time Limits in Reassessment Proceedings under Section 149(1)(b) of the Income Tax Act

Date: Feb 20, 2020
Strict Adherence to Time Limits in Reassessment Proceedings under Section 149(1)(b) of the Income Tax Act Introduction The case of Shri Dipendra Nath Chunder vs. Income Tax Officer (ITO), Ward-54(4),...
Allowance of R&D Deductions under Section 35(2AB) Without Form 3CL: Insights from Nath Bio-Genes vs. Pr. CIT-1, Aurangabad

Allowance of R&D Deductions under Section 35(2AB) Without Form 3CL: Insights from Nath Bio-Genes vs. Pr. CIT-1, Aurangabad

Date: Feb 14, 2020
Allowance of R&D Deductions under Section 35(2AB) Without Form 3CL: Insights from Nath Bio-Genes vs. Pr. CIT-1, Aurangabad Introduction The case of Nath Bio-Genes (India) Limited vs. Pr. Commissioner...
Invalidation of Reassessment Proceedings Due to Mechanical Approval under Section 151: Satya Kumar Sakhuja v. CIT

Invalidation of Reassessment Proceedings Due to Mechanical Approval under Section 151: Satya Kumar Sakhuja v. CIT

Date: Feb 14, 2020
Invalidation of Reassessment Proceedings Due to Mechanical Approval under Section 151: Satya Kumar Sakhuja v. CIT Introduction The case of Satya Kumar Sakhuja v. CIT adjudicated by the Income Tax...
ITA Tribunal Reinforces the Right to Cross-Examination in Tax Reassessments

ITA Tribunal Reinforces the Right to Cross-Examination in Tax Reassessments

Date: Feb 13, 2020
ITA Tribunal Reinforces the Right to Cross-Examination in Tax Reassessments Introduction The case of Mohan Polyfab P. Ltd. v. CIT adjudicated by the Income Tax Appellate Tribunal (ITA) on February...
Classification of Lease Income within Business Operations Established in Deep Multiplex P. Ltd. v. Deputy Commissioner Of Income Tax

Classification of Lease Income within Business Operations Established in Deep Multiplex P. Ltd. v. Deputy Commissioner Of Income Tax

Date: Feb 13, 2020
Classification of Lease Income within Business Operations Established in Deep Multiplex P. Ltd. v. Deputy Commissioner Of Income Tax Introduction The case of Deep Multiplex P. Ltd. v. Deputy...
Prakash Tradelink Pvt. Ltd. v. CIT: Establishing Precedents on Under-Invoicing and Related Party Transactions

Prakash Tradelink Pvt. Ltd. v. CIT: Establishing Precedents on Under-Invoicing and Related Party Transactions

Date: Feb 13, 2020
Prakash Tradelink Pvt. Ltd. v. CIT: Establishing Precedents on Under-Invoicing and Related Party Transactions Introduction The case of Prakash Tradelink Pvt. Ltd. v. Commissioner of Income Tax (CIT)...
Clarifying Penalty Charges under Section 271(1)(c): Insights from Shri Ashok Bhatia vs. DCIT Central-1

Clarifying Penalty Charges under Section 271(1)(c): Insights from Shri Ashok Bhatia vs. DCIT Central-1

Date: Feb 6, 2020
Clarifying Penalty Charges under Section 271(1)(c): Insights from Shri Ashok Bhatia vs. DCIT Central-1 Introduction The case of Shri Ashok Bhatia vs. DCIT Central-1, Indore, adjudicated by the Income...
ITA Tribunal's Comprehensive Ruling on Section 80IC Deduction and Section 14A Disallowances in SICPA India Pvt. Ltd. v. DCIT

ITA Tribunal's Comprehensive Ruling on Section 80IC Deduction and Section 14A Disallowances in SICPA India Pvt. Ltd. v. DCIT

Date: Feb 1, 2020
ITA Tribunal's Comprehensive Ruling on Section 80IC Deduction and Section 14A Disallowances in SICPA India Pvt. Ltd. v. DCIT Introduction The case of SICPA India Pvt. Ltd., New Delhi v. DCIT,...
Haldor Topsoe India Pvt. Ltd. v. DCIT: Refined Guidelines for Selecting Comparables in Transfer Pricing Under TNMM

Haldor Topsoe India Pvt. Ltd. v. DCIT: Refined Guidelines for Selecting Comparables in Transfer Pricing Under TNMM

Date: Feb 1, 2020
Haldor Topsoe India Pvt. Ltd. v. DCIT: Refined Guidelines for Selecting Comparables in Transfer Pricing Under TNMM Introduction The case of Haldor Topsoe India Pvt. Ltd. v. DCIT, adjudicated by the...
Reaffirming the Duties of Assessing Officers under Sections 263 and 33AB: Insights from M/s Chengmari Tea Co. Ltd vs ACIT, CIR-4(1), Kolkata

Reaffirming the Duties of Assessing Officers under Sections 263 and 33AB: Insights from M/s Chengmari Tea Co. Ltd vs ACIT, CIR-4(1), Kolkata

Date: Feb 1, 2020
Reaffirming the Duties of Assessing Officers under Sections 263 and 33AB: Insights from M/s Chengmari Tea Co. Ltd vs ACIT, CIR-4(1), Kolkata Introduction The case of M/s Chengmari Tea Co. Ltd,...
Taxability of Interest on Enhanced Compensation for Agricultural Land Acquisition: Insights from Sh. Nitya Nand v. ITO, Gurgaon

Taxability of Interest on Enhanced Compensation for Agricultural Land Acquisition: Insights from Sh. Nitya Nand v. ITO, Gurgaon

Date: Jan 31, 2020
Taxability of Interest on Enhanced Compensation for Agricultural Land Acquisition: Insights from Sh. Nitya Nand v. ITO, Gurgaon 1. Introduction The case of Sh. Nitya Nand v. ITO, Gurgaon revolves...
Invalidation of Assessment Orders Under Section 153A and 153C: Ahluwalia v. ACIT

Invalidation of Assessment Orders Under Section 153A and 153C: Ahluwalia v. ACIT

Date: Jan 31, 2020
Invalidation of Assessment Orders Under Section 153A and 153C: Ahluwalia v. ACIT Introduction The case of Mr. S.P.S. Ahluwalia, New Delhi v. ACIT, New Delhi was adjudicated by the Income Tax...
Tribunal Upholds Set-Off of Business Loss Against Section 115BBE Income for AY 2014-15

Tribunal Upholds Set-Off of Business Loss Against Section 115BBE Income for AY 2014-15

Date: Jan 30, 2020
Tribunal Upholds Set-Off of Business Loss Against Section 115BBE Income for AY 2014-15 Introduction The case of M/s Star Ply Board Ltd., Jagadhri v. Pr. CIT, Panchkula addresses pivotal issues...
Clarifying the Scope of Section 263: Insights from KLAXON TRADING (P) LTD. v. PR. CIT

Clarifying the Scope of Section 263: Insights from KLAXON TRADING (P) LTD. v. PR. CIT

Date: Jan 28, 2020
Clarifying the Scope of Section 263: Insights from KLAXON TRADING (P) LTD. v. PR. CIT Introduction The case of KLAXON TRADING (P) LTD., New Delhi v. PR. CIT, Central-3, New Delhi adjudicated by the...
Legal Commentary: Kankaria v. ITO - Clarifying Penalty Impositions under Sections 271A and 271B

Legal Commentary: Kankaria v. ITO - Clarifying Penalty Impositions under Sections 271A and 271B

Date: Jan 24, 2020
Kankaria v. ITO: Clarifying Penalty Impositions under Sections 271A and 271B Introduction The case of Shri Sharad Kankaria, Jaipur v. Income Tax Officer, Ward-6-1, Jaipur adjudicated by the Income...
K.A. Wires Ltd. vs. I.T.O. Ward-8(3), Kolkata: Jurisdictional Integrity in Tax Assessments

K.A. Wires Ltd. vs. I.T.O. Ward-8(3), Kolkata: Jurisdictional Integrity in Tax Assessments

Date: Jan 23, 2020
K.A. Wires Ltd. vs. I.T.O. Ward-8(3), Kolkata: Jurisdictional Integrity in Tax Assessments Introduction The case of K.A. Wires Ltd., Kolkata vs. I.T.O., Ward-8(3), Kolkata adjudicated by the Income...
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