Clarifying Depreciation on Partially Utilized Residential Buildings and Accounting for Melting Gains in the Jewellery Industry: Analysis of M.P Jewellers (Calcutta) & Co. v. CIT Introduction The case...
Deletion of Presumptive Additions in Income Tax Assessment: Udit Kalra v. Income Tax Officer Introduction The case of Udit Kalra v. Income Tax Officer was adjudicated by the Income Tax Appellate...
ITA Kolkata Reinforces Burden of Proof in Long-Term Capital Gains Assessments Introduction The case of Udit Agarwal v. Deputy Commissioner Of Income Tax (IT)-2(1), Kolkata [ITA No.1839/Kol/2017 A.Y...
Biswajit Das v. Union of India: Affirming the Constitutional Validity of Section 234E as a 'Late Fee' Introduction The case of Biswajit Das v. Union of India adjudicated by the Income Tax Appellate...
Invalidity of Reassessment Notice Issued to Deceased Assessee - Chandreshbhai Patel v. Income-tax Officer Introduction The case of Chandreshbhai Jayantibhai Patel v. Income-tax Officer adjudicated by...
Enhanced Revisional Powers under Section 264: Insights from Geekay Security Services (P.) Ltd. v. Deputy Commissioner of Income Tax, Circle-3(1)(2) Introduction The case of Geekay Security Services...
Safeguarding Genuine Long-Term Capital Gains: ITA's Decision in Ramprasad Agarwal v. Ito Introduction The case of Ramprasad Agarwal v. Ito adjudicated by the Income Tax Appellate Tribunal (ITAT) on...
Mukta Gupta v. Ito: Affirmation of Genuine Long Term Capital Gains from Listed Equity Shares Introduction Mukta Gupta v. Ito is a pivotal judgment delivered by the Income Tax Appellate Tribunal...
Reconciliation of Stock Discrepancies in Income Tax Assessments: A Commentary on Assistant Commissioner Of Income Tax, Circle-5, Rajkot v. Morbi Vegetables Products Ltd. Introduction The case of...
Violation of Natural Justice in Income Tax Assessments: Anubhav Jain v. ITO Introduction The case of Anubhav Jain v. Income Tax Officer (ITO) pertains to the assessment of an individual's income for...
Reaffirmation of Income Inclusion Principles in Cit, Cc-17 v. Piron Designs (P) Ltd. Introduction The case of Cit, Cc-17 v. Piron Designs (P) Ltd. adjudicated by the Income Tax Appellate Tribunal...
Madhu Killa v. Assistant Commissioner Of Income Tax: Upholding LTCG Exemption through Substantiated Transactions Introduction The case of Madhu Killa v. Assistant Commissioner Of Income Tax pertains...
Arm's Length Price Determination in Transfer Pricing: Huawei Technologies India v. Joint Commissioner of Income Tax Introduction The case of Huawei Technologies India (P.) Ltd. v. Joint Commissioner...
Prospective Effect of Section 200A Amendment on Late Filing Fees Under Section 234E Medical Superintendent Rural Hospital, Sinnar v. Deputy Commissioner of Income Tax Court: Income Tax Appellate...
Clarifying the Distinction Between Section 36(1)(va) and Section 43B in Employee Contributions Introduction In the case of Unifac Management Services (India) (P.) Ltd. v. Deputy Commissioner of...
Smt. M.K. Rajeshwari v. Income Tax Officer: Establishing the Rigidity of Section 10(38) Exemptions in Penny Stock Transactions Introduction The case of Smt. M.K. Rajeshwari v. Income Tax Officer,...
Proving Share Subscription Validity and Business Income Classification: DCIT vs. M/s Maa Amba Towers Ltd. Introduction The case of DCIT, CIR-10(1), Kolkata v. M/s Maa Amba Towers Ltd. adjudicated by...
Strengthening Criteria for Additions Under Section 68: Insights from ACIT v. M/s. Moolchand Steels Pvt. Ltd. Introduction The case ACIT, New Delhi v. M/s. Moolchand Steels Pvt. Ltd., Uttar Pradesh...
Reopening of Assessment Under Section 147 IT Act: ACIT, New Delhi v. Smt. Vinita Chaurasia Introduction The case of ACIT, New Delhi v. Smt. Vinita Chaurasia adjudicated by the Income Tax Appellate...
Clarification on TDS Applicability to Credit Card Charges and Deductibility of Interest on Delayed Tax Remittances Velankani Information Systems Ltd. v. Deputy Commissioner of Income-tax,...