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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 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 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 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. 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) 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. 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 Introduction The case of...
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. 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 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 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 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 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 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 Introduction The case of CIT vs. Kamdhenu Steel & Alloys Ltd. adjudicated...
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 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 Introduction The case of...
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...