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Income Tax Appellate Tribunal Case Commentaries

Estimation of Undisclosed Turnover: Insights from M/S. Dada Prints v. ACIT

Estimation of Undisclosed Turnover: Insights from M/S. Dada Prints v. ACIT

Date: Dec 11, 2014
Estimation of Undisclosed Turnover: Insights from M/S. Dada Prints, Hyderabad v. ACIT, Circle 9(1) Hyderabad Introduction The case of M/S. Dada Prints, Hyderabad v. ACIT, Circle 9(1) Hyderabad dealt...
ITAT Validates Tribunal's Deletion of Section 68 Additions in Income Conversion Case

ITAT Validates Tribunal's Deletion of Section 68 Additions in Income Conversion Case

Date: Dec 11, 2014
ITAT Validates Tribunal's Deletion of Section 68 Additions in Income Conversion Case Introduction The case of Commissioner of Income-tax v. Shyam R. Pawar adjudicated by the Income Tax Appellate...
Clarification on Section 153A Scope and Revenue Expenditure Deduction: Insights from M/S. Nandini Delux v. Asst. Commissioner Of Income Tax

Clarification on Section 153A Scope and Revenue Expenditure Deduction: Insights from M/S. Nandini Delux v. Asst. Commissioner Of Income Tax

Date: Dec 6, 2014
Clarification on Section 153A Scope and Revenue Expenditure Deduction: Insights from M/S. Nandini Delux v. Asst. Commissioner Of Income Tax Introduction The case of M/S. Nandini Delux v. Asst....
Proper Recording of Satisfaction Notes Under Section 153C: Aakash Arogya Mindir Pvt. Ltd. vs. DCIT

Proper Recording of Satisfaction Notes Under Section 153C: Aakash Arogya Mindir Pvt. Ltd. vs. DCIT

Date: Nov 29, 2014
Proper Recording of Satisfaction Notes Under Section 153C: Aakash Arogya Mindir Pvt. Ltd. vs. DCIT Introduction The case of Aakash Arogya Mindir Pvt. Ltd., Delhi v. DCIT, New Delhi adjudicated by the...
Estimation of Income for Subcontracted Contracts: Insights from Deputy CIT Central Circle-3 Hyderabad v. M/S. Amr India Ltd.

Estimation of Income for Subcontracted Contracts: Insights from Deputy CIT Central Circle-3 Hyderabad v. M/S. Amr India Ltd.

Date: Nov 27, 2014
Estimation of Income for Subcontracted Contracts: Insights from Deputy CIT Central Circle-3 Hyderabad v. M/S. Amr India Ltd. Introduction The case of Deputy CIT Central Circle-3 Hyderabad v. M/S. Amr...
ITAT Pune Upholds Section 80IA(4) Deduction for Inland Ports under Container Freight Stations (CFS)

ITAT Pune Upholds Section 80IA(4) Deduction for Inland Ports under Container Freight Stations (CFS)

Date: Nov 19, 2014
ITAT Pune Upholds Section 80IA(4) Deduction for Inland Ports under Container Freight Stations (CFS) Introduction The case of Asst. CIT, Panvel Circle, Raigad v. Continental Warehousing Corporation...
Assessment under Section 153A Requires Incriminating Material Found During Search: Insights from CIT v. Kurele Paper Mills Pvt. Ltd.

Assessment under Section 153A Requires Incriminating Material Found During Search: Insights from CIT v. Kurele Paper Mills Pvt. Ltd.

Date: Nov 15, 2014
Assessment under Section 153A Requires Incriminating Material Found During Search: Insights from CIT v. Kurele Paper Mills Pvt. Ltd. Introduction CIT v. Kurele Paper Mills Pvt. Ltd. is a landmark...
Deduction of Interest Income for Cooperative Societies under Section 80P: Insights from Tumkur Merchants Souharda Credit Cooperative Ltd. v. Income-tax Officer Word-V, Tumkur

Deduction of Interest Income for Cooperative Societies under Section 80P: Insights from Tumkur Merchants Souharda Credit Cooperative Ltd. v. Income-tax Officer Word-V, Tumkur

Date: Oct 29, 2014
Deduction of Interest Income for Cooperative Societies under Section 80P: Insights from Tumkur Merchants Souharda Credit Cooperative Ltd. v. Income-tax Officer Word-V, Tumkur Introduction The case of...
Re-evaluating Net Profit Estimation: Establishing a 15% Rate for Unverifiable Purchases in Gems and Jewellery Trade

Re-evaluating Net Profit Estimation: Establishing a 15% Rate for Unverifiable Purchases in Gems and Jewellery Trade

Date: Oct 23, 2014
Re-evaluating Net Profit Estimation: Establishing a 15% Rate for Unverifiable Purchases in Gems and Jewellery Trade Introduction The realm of income tax assessments within the gems and jewellery...
Balancing the Burden of Proof under Section 68: Insights from Ito v. Rakam Money Matters P. Ltd.

Balancing the Burden of Proof under Section 68: Insights from Ito v. Rakam Money Matters P. Ltd.

Date: Oct 17, 2014
Balancing the Burden of Proof under Section 68: Insights from ITO v. Rakam Money Matters P. Ltd. Introduction The case of ITO v. Rakam Money Matters P. Ltd., adjudicated by the Income Tax Appellate...
Reaffirmation of Mandatory Notice under Section 143(2) in Reopened Assessments: G.N. Mohan Raju v. Ito

Reaffirmation of Mandatory Notice under Section 143(2) in Reopened Assessments: G.N. Mohan Raju v. Ito

Date: Oct 11, 2014
Reaffirmation of Mandatory Notice under Section 143(2) in Reopened Assessments: G.N. Mohan Raju v. Ito Introduction The case of G.N. Mohan Raju v. Ito before the Income Tax Appellate Tribunal (ITAT)...
Fringe Benefits Tax Liability on Reimbursement of Medical Expenses and Other Expenditures: Insights from Deputy Commissioner of Income Tax v. M/S. Wipro Limited

Fringe Benefits Tax Liability on Reimbursement of Medical Expenses and Other Expenditures: Insights from Deputy Commissioner of Income Tax v. M/S. Wipro Limited

Date: Oct 1, 2014
Fringe Benefits Tax Liability on Reimbursement of Medical Expenses and Other Expenditures: Insights from Deputy Commissioner of Income Tax v. M/S. Wipro Limited Introduction The case of The Deputy...
Usha Chandresh Shah v. Ito: Upholding the Application of Human Probabilities Test in Assessing Capital Gains under Section 68

Usha Chandresh Shah v. Ito: Upholding the Application of Human Probabilities Test in Assessing Capital Gains under Section 68

Date: Sep 27, 2014
Usha Chandresh Shah v. Ito: Upholding the Application of Human Probabilities Test in Assessing Capital Gains under Section 68 Introduction The case of Usha Chandresh Shah v. Ito adjudicated by the...
Enforcement of Section 263 Income Tax Act on Excessive Share Premium: Case Commentary on M/S. Bisakha Sales Pvt. Ltd. v. CIT (Kol.-II), Kolkata

Enforcement of Section 263 Income Tax Act on Excessive Share Premium: Case Commentary on M/S. Bisakha Sales Pvt. Ltd. v. CIT (Kol.-II), Kolkata

Date: Sep 20, 2014
Enforcement of Section 263 Income Tax Act on Excessive Share Premium: Case Commentary on M/S. Bisakha Sales Pvt. Ltd. v. CIT (Kol.-II), Kolkata Introduction The case of M/S. Bisakha Sales Pvt. Ltd.,...
Clubbing of Salary under Section 64(1)(ii): Anup Sharma v. CIT - A Comprehensive Commentary

Clubbing of Salary under Section 64(1)(ii): Anup Sharma v. CIT - A Comprehensive Commentary

Date: Sep 11, 2014
Clubbing of Salary under Section 64(1)(ii): Anup Sharma v. CIT - A Comprehensive Commentary Introduction Case Title: Anup Sharma v. CIT Court: Income Tax Appellate Tribunal Date: September 10, 2014...
CIT v. Kamdhenu Steel & Alloys Ltd.: Establishing Burden of Proof in Share Application Transactions Under Section 68 IT Act

CIT v. Kamdhenu Steel & Alloys Ltd.: Establishing Burden of Proof in Share Application Transactions Under Section 68 IT Act

Date: Aug 29, 2014
CIT v. Kamdhenu Steel & Alloys Ltd.: Establishing Burden of Proof in Share Application Transactions Under Section 68 IT Act Introduction The case of CIT vs. Kamdhenu Steel & Alloys Ltd. adjudicated...
Star Griha Pvt. Ltd. v. CIT: Affirmation of Section 263's Role in Correcting Erroneous Income Tax Assessments

Star Griha Pvt. Ltd. v. CIT: Affirmation of Section 263's Role in Correcting Erroneous Income Tax Assessments

Date: Aug 15, 2014
Star Griha Pvt. Ltd. v. Commissioner Of Income Tax: Affirmation of Section 263's Role in Correcting Erroneous Income Tax Assessments Introduction The case of Star Griha Private Limited v....
ITAT Jodhpur Sets Precedent: Disallowing Section 68 Additions When Income is Properly Disclosed and No Incriminating Evidence Found

ITAT Jodhpur Sets Precedent: Disallowing Section 68 Additions When Income is Properly Disclosed and No Incriminating Evidence Found

Date: Aug 15, 2014
ITAT Jodhpur Sets Precedent: Disallowing Section 68 Additions When Income is Properly Disclosed and No Incriminating Evidence Found Introduction The case of Ayushi Builders & Developers Pvt. Ltd. v....
Hindustan Organics Chemicals Ltd. v. Asstt. Commissioner Of Income Tax: Affirmation of Revenue Treatment for Bond Issue Expenses and Clarification on Section 145A Additions

Hindustan Organics Chemicals Ltd. v. Asstt. Commissioner Of Income Tax: Affirmation of Revenue Treatment for Bond Issue Expenses and Clarification on Section 145A Additions

Date: Aug 7, 2014
Hindustan Organics Chemicals Ltd. v. Asstt. Commissioner Of Income Tax: Affirmation of Revenue Treatment for Bond Issue Expenses and Clarification on Section 145A Additions Introduction The case of...
ITA Hyderabad Bench Excludes Incomparable Companies in Transfer Pricing Adjustments: Excellence Data Research v. ITO

ITA Hyderabad Bench Excludes Incomparable Companies in Transfer Pricing Adjustments: Excellence Data Research v. ITO

Date: Aug 1, 2014
ITA Hyderabad Bench Excludes Incomparable Companies in Transfer Pricing Adjustments: Excellence Data Research v. ITO Introduction The case of M/s. Excellence Data Research Pvt. Ltd. v. Income Tax...
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