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Income Tax Appellate Tribunal Case Commentaries

ITA Delhi Establishes Invalidity of Reassessment under Sections 147/148 When Based on Third-Party Searches

ITA Delhi Establishes Invalidity of Reassessment under Sections 147/148 When Based on Third-Party Searches

Date: Jan 23, 2020
ITA Delhi Establishes Invalidity of Reassessment under Sections 147/148 When Based on Third-Party Searches Introduction In the landmark case of M/s. Saurashtra Color Tones Pvt. Ltd. v. Income Tax...
Clarifying Jurisdiction under Section 153A: Sh. Deepak Kumar Jain vs. ACIT, Ludhiana

Clarifying Jurisdiction under Section 153A: Sh. Deepak Kumar Jain vs. ACIT, Ludhiana

Date: Jan 23, 2020
Clarifying Jurisdiction under Section 153A: Sh. Deepak Kumar Jain vs. ACIT, Ludhiana Introduction The case of Sh. Deepak Kumar Jain, Malerkotla v. ACIT, Ludhiana adjudicated by the Income Tax...
Presumption of Ownership and Natural Justice: Insights from Alluri v. Income Tax Officer

Presumption of Ownership and Natural Justice: Insights from Alluri v. Income Tax Officer

Date: Jan 23, 2020
Presumption of Ownership and Natural Justice: Insights from Alluri v. Income Tax Officer Introduction The case of Venkata Satya Surya Sree Ranganadha Raju Alluri versus the Income Tax Officer,...
Section 263 Orders Against Merged Entities Declared Void Ab Initio

Section 263 Orders Against Merged Entities Declared Void Ab Initio

Date: Jan 22, 2020
Section 263 Orders Against Merged Entities Declared Void Ab Initio Introduction The case of Snowhill Agencies Pvt. Ltd (Merged with Gallops Motors P. Ltd), Ahmedabad v. The Pr. CIT-2, Ahmedabad...
ITA Kolkata Reinforces Compliance with Natural Justice and AS-7 Accounting Standards in SMPL Infra Ltd. v. DCIT

ITA Kolkata Reinforces Compliance with Natural Justice and AS-7 Accounting Standards in SMPL Infra Ltd. v. DCIT

Date: Jan 18, 2020
ITA Kolkata Reinforces Compliance with Natural Justice and AS-7 Accounting Standards in SMPL Infra Ltd. v. DCIT Introduction The case of M/s. SMPL Infra Limited, Kolkata v. DCIT, Circle - 8(2),...
Determining Arms Length Interest Rates for Foreign Currency Loans: Insights from Russell Credit Limited v. DCIT

Determining Arms Length Interest Rates for Foreign Currency Loans: Insights from Russell Credit Limited v. DCIT

Date: Jan 18, 2020
Determining Arms Length Interest Rates for Foreign Currency Loans: Insights from Russell Credit Limited v. DCIT Introduction The case of Russell Credit Limited, Kolkata v. DCIT, Circle-8, Kolkata,...
Disallowance of Interest Income under Section 80IA: IL & FS Windfarms Lat vs. ACIT, Mumbai

Disallowance of Interest Income under Section 80IA: IL & FS Windfarms Lat vs. ACIT, Mumbai

Date: Jan 18, 2020
Disallowance of Interest Income under Section 80IA: IL & FS Windfarms Lat vs. ACIT, Mumbai Introduction The case of IL & FS Windfarms Lat (Previously known as IL & FS Energy Dev. Co. Ltd.), Mumbai v....
Section 14A and 115JB: Limiting Disallowances to Exempt Income – Analysis of M/s PepsiCo India Holdings Pvt. Ltd. vs DCIT

Section 14A and 115JB: Limiting Disallowances to Exempt Income – Analysis of M/s PepsiCo India Holdings Pvt. Ltd. vs DCIT

Date: Jan 15, 2020
Section 14A and 115JB: Limiting Disallowances to Exempt Income – Analysis of M/s PepsiCo India Holdings Pvt. Ltd. vs DCIT 1. Introduction The case of M/s PepsiCo India Holdings Pvt. Ltd., Gurgaon v....
Clarification on Income Classification and Deductions for Insurance Companies under the Income Tax Act: Max Life Insurance v DCIT

Clarification on Income Classification and Deductions for Insurance Companies under the Income Tax Act: Max Life Insurance v DCIT

Date: Jan 15, 2020
Clarification on Income Classification and Deductions for Insurance Companies under the Income Tax Act: Max Life Insurance v DCIT Introduction The case of Max Life Insurance Company Ltd. v. Deputy...
ITA Delhi Rules Reassessment Must Follow Section 153C When Documents Seized in Separate Investigations

ITA Delhi Rules Reassessment Must Follow Section 153C When Documents Seized in Separate Investigations

Date: Jan 15, 2020
ITA Delhi Rules Reassessment Must Follow Section 153C When Documents Seized in Separate Investigations Introduction The case of Adarsh Agrawal, Delhi vs. ITO, Ward-61(1), New Delhi adjudicated by the...
Turnover Calculation for Speculative Intraday Transactions under Section 44AB IT Act – Rajjak Ahmed Khan vs. ITO Jaipur

Turnover Calculation for Speculative Intraday Transactions under Section 44AB IT Act – Rajjak Ahmed Khan vs. ITO Jaipur

Date: Jan 14, 2020
Turnover Calculation for Speculative Intraday Transactions under Section 44AB IT Act – Rajjak Ahmed Khan vs. ITO Jaipur Introduction The case of Shri Rajjak Ahmed Khan, Jaipur v. ITO, Ward-4(4),...
Income Tax Tribunal Upholds Denial of Section 54F Deduction for Foreign Property Purchases

Income Tax Tribunal Upholds Denial of Section 54F Deduction for Foreign Property Purchases

Date: Jan 11, 2020
Income Tax Tribunal Upholds Denial of Section 54F Deduction for Foreign Property Purchases Introduction The case of Mr. Rajasugumar Subramani, Bengaluru v. Income Tax Officer, International Taxation,...
Development Fees Recognized as Corpus Contributions and Depreciation Allowed: Comprehensive Analysis of Vidya Bharati Society v. ACIT

Development Fees Recognized as Corpus Contributions and Depreciation Allowed: Comprehensive Analysis of Vidya Bharati Society v. ACIT

Date: Jan 11, 2020
Development Fees Recognized as Corpus Contributions and Depreciation Allowed: Comprehensive Analysis of Vidya Bharati Society v. ACIT Introduction The case of Vidya Bharati Society for Education &...
Clarification on Rectification of Penalty Orders under Section 274 and 271AAB: DCIT v. Sportking India Ltd.

Clarification on Rectification of Penalty Orders under Section 274 and 271AAB: DCIT v. Sportking India Ltd.

Date: Jan 8, 2020
Clarification on Rectification of Penalty Orders under Section 274 and 271AAB: DCIT v. Sportking India Ltd. Introduction The case of DCIT, CC-II, Ludhiana v. M/s Sportking India Ltd. adjudicated by...
DDIT v. M/s. Mitsui & Co. Ltd.: Landmark Decision on Presumptive Taxation and Permanent Establishments

DDIT v. M/s. Mitsui & Co. Ltd.: Landmark Decision on Presumptive Taxation and Permanent Establishments

Date: Jan 8, 2020
DDIT v. M/s. Mitsui & Co. Ltd.: Landmark Decision on Presumptive Taxation and Permanent Establishments Introduction The case of Directorate of Direct Taxes (DDIT), New Delhi vs. M/s. Mitsui & Co....
Invalidation of Reassessment Proceedings Due to Absence of Application of Mind in Approval Process: Jai Pal v. CIT

Invalidation of Reassessment Proceedings Due to Absence of Application of Mind in Approval Process: Jai Pal v. CIT

Date: Jan 7, 2020
Invalidation of Reassessment Proceedings Due to Absence of Application of Mind in Approval Process: Jai Pal v. CIT Introduction The case of Jai Pal v. CIT adjudicated by the Income Tax Appellate...
Essar Ports Ltd v. DCIT: Defining Limits on Section 14A Disallowances and Transfer Pricing in Shipping under Tonnage Tax Scheme

Essar Ports Ltd v. DCIT: Defining Limits on Section 14A Disallowances and Transfer Pricing in Shipping under Tonnage Tax Scheme

Date: Jan 7, 2020
Essar Ports Ltd v. DCIT: Defining Limits on Section 14A Disallowances and Transfer Pricing in Shipping under Tonnage Tax Scheme Introduction The case of Essar Ports Ltd. vs. DCIT adjudicated by the...
Tribunal Establishes Clean Share Premium Exception under Section 56(2)(viib) of the Income Tax Act: Clearview Healthcare Pvt. Ltd. v. CIT

Tribunal Establishes Clean Share Premium Exception under Section 56(2)(viib) of the Income Tax Act: Clearview Healthcare Pvt. Ltd. v. CIT

Date: Jan 4, 2020
Tribunal Establishes Clean Share Premium Exception under Section 56(2)(viib) of the Income Tax Act: Clearview Healthcare Pvt. Ltd. v. CIT Introduction The case of Clearview Healthcare Pvt. Ltd. v....
Taxation of Interest on Land Acquisition Compensation: Surendra Laxmanrao Vaidya, Gadag v. Income Tax Officer

Taxation of Interest on Land Acquisition Compensation: Surendra Laxmanrao Vaidya, Gadag v. Income Tax Officer

Date: Jan 4, 2020
Taxation of Interest on Land Acquisition Compensation: Surendra Laxmanrao Vaidya, Gadag v. Income Tax Officer 1. Introduction The case of Surendra Laxmanrao Vaidya, Gadag v. Income Tax Officer,...
Ensuring Natural Justice in Tax Assessments: Mandate for Re-examination in Hare Shanker Investments v. CIT

Ensuring Natural Justice in Tax Assessments: Mandate for Re-examination in Hare Shanker Investments v. CIT

Date: Jan 4, 2020
Ensuring Natural Justice in Tax Assessments: Mandate for Re-examination in Hare Shanker Investments & Trading Company Ltd. v. CIT Introduction The case of Hare Shanker Investments & Trading Company...
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