Limitation of Additions on Unexplained Jewelry under CBDT Instruction No. 1916: Insights from Vibhu Aggarwal v. Deputy Commissioner of Income-tax Introduction The case of Vibhu Aggarwal v. Deputy...
Necessity of Specific Allegation in Penalty Notices under Section 271(1) – ACB India Ltd. v. ACIT Introduction The case of M/s. ACB India Ltd., New Delhi v. ACIT, New Delhi adjudicated by the Income...
Tribunal Affirms Section 80P(2)(d) Deduction for Co-operative Societies on Interest Income from Co-operative Banks Introduction The case of Kaliandas Udyog Bhavan Premises Co-operative Society...
Procedural Compliance under Section 147 of the Income Tax Act: Insights from Home Finders Housing Ltd. v. Income-tax Officer Introduction The case of Home Finders Housing Ltd. v. Income-tax Officer,...
Sundaram Finance Ltd. v. Assistant Commissioner of Income-Tax: Establishing Clarity on Penalties for Inaccurate Depreciation Claims Introduction The case of Sundaram Finance Ltd. v. Assistant...
Clarifying 'Undisclosed Income' Under Section 158-B of the Income Tax Act: Insights from Commissioner of Income Tax v. M.S. Aggarwal Introduction The case of Commissioner of Income Tax v. M.S....
Sh. Abhimanyu Soin v. ACIT: Establishing Strict Scrutiny on Long-Term Capital Gains Claims Under Section 10(38) 1. Introduction The case of Sh. Abhimanyu Soin, Ludhiana v. ACIT, Ludhiana adjudicated...
Re-Opening of Assessment under Section 147 of the Income Tax Act: Insights from Principal Commissioner of Income-tax-5 v. Shodiman Investments (P.) Ltd. Introduction The case of Principal...
ITAT Affirms Weighted Deductions under Section 35(1)(ii) Despite Subsequent Withdrawal of Donee Approval 1. Introduction The case of DCIT, Circle-12(1), Kolkata v. M/s Maco Corporation India (P) Ltd....
Strict Scrutiny on Evidentiary Standards in Tax Assessments: Analysis of Bharamgouda Patil v. Assistant Commissioner IT 1. Introduction The case of Abhay Kumar Bharamgouda Patil v. Assistant...
Establishing the Importance of Segmental Data and Functional Comparability in Transfer Pricing: Insights from CGI Information Systems & Management Consultants (P.) Ltd. vs Assistant Commissioner of...
Revisiting Tax Exemption under Section 10(38): Insights from Mahendra Kumar Bhandari v. ITO Non Corporate Ward 5(3) 1. Introduction The case of Mahendra Kumar Bhandari v. ITO Non Corporate Ward 5(3),...
Clarity in Tax Penalty Notices: Analyzing DCIT, Coimbatore v. R. Elangovan, Karamadai Introduction The case of DCIT, Coimbatore v. R. Elangovan, Karamadai was adjudicated by the Income Tax Appellate...
Clarifying International Transactions in Transfer Pricing: SVS Oil Mills vs ACIT Introduction The case of SVS Oil Mills, Chennai v. ACIT Non Corporate Circle 6(1), Chennai adjudicated by the Income...
Discretionary Nature of Penalty under Section 271AAB: Insights from The Asst. CIT vs. M/s. Marvel Associates Judgment Introduction The judicial landscape was significantly shaped by the decision in...
Rolls Royce Plc v. DDIT: No Penalty under Section 271(1)(c) for Debatable Permanent Establishment Findings Introduction The case of Rolls Royce Plc, New Delhi v. DDIT, New Delhi adjudicated by the...
Judgment Analysis: Meghraj Singh Shekhawat v. DCIT, Jaipur - Precedent on Bogus Capital Gains Introduction In the case of Meghraj Singh Shekhawat vs. DCIT, Jaipur, adjudicated by the Income Tax...
Interpretation of Section 153C: Ownership vs. Relation of Seized Documents – ITO 5(2)(2), Mumbai v. Kranti Impex P.Ltd. Introduction The case of ITO 5(2)(2), Mumbai v. Kranti Impex P.Ltd., Mumbai...
Tevapharm v. ACIT: Mandatory Issuance of Draft Assessment Orders under Section 144C Introduction The case of Tevapharm India Pvt. Ltd. v. Acit Special Range-9 New Delhi adjudicated by the Income Tax...
Anurag Dalmia v. CIT: Defining the Bounds of Section 153A in Unabated Assessments Introduction The case of Anurag Dalmia v. CIT adjudicated by the Income Tax Appellate Tribunal (ITAT) on February 15,...