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Recognition of Revenue Through Supplementary Agreements: Central Circle-2 Hyderabad v. Universal Realtors Pvt. Ltd. Introduction In the case of Central Circle-2 Hyderabad v. M/S. Universal Realtors...
No Disallowance Under Section 14A Without Expenditure for Exempt Income: Garware Wall Ropes Ltd. v. CIT 1. Introduction The case of Garware Wall Ropes Ltd. v. Additional Commissioner of Income-tax...
Taxability of Interest on Excess Compensation under Section 28 of the Land Acquisition Act, 1894: Manjet Singh (HUF) v. Union of India Introduction The case of Manjet Singh (HUF) Karta Manjeet Singh...
Clarification on the Applicability of Section 194C and 40(a)(ia) for Job Work Payments: Insights from Antony D. Mundackal v. CIT Introduction The case of Antony D. Mundackal v. Commissioner of Income...
Tax Deduction at Source on Technical Services by Non-Resident Agents: Ito v. Device Driven (India) Pvt. Ltd. Introduction The case of Ito v. Device Driven (India) Pvt. Ltd. adjudicated by the Income...
Limitation of Undisclosed Income Computation to Search-Found Material: Analysis of M/s V.K. Fiscal Services Pvt. Ltd. v. DCIT Introduction The case of M/s V.K. Fiscal Services Pvt. Ltd., New Delhi v....
D.H. Securities v. Deputy Commissioner of Income-tax: Reaffirming Section 14A Applicability on Stock-in-Trade Dividend Income Introduction The case of D.H. Securities (P.) Ltd. v. Deputy Commissioner...
Flexible Criteria for Transfer Pricing Comparables and Non-Binding Nature of Prior Tribunal Decisions Established in Willis Processing Services India Pvt. Ltd. v. DCIT RG 2(3) Introduction The case...
Clarifying the Applicability of Section 271(1)(c) Penalty in Light of Section 115JA Provisions Introduction The case of V. M. Salgaocar & Brothers P. Ltd., Goa v. Asstt. Comm. Of Income Tax Circle 2,...
Limits on Extrapolative Evidence for Cancellation of Charitable Registration Introduction The case of Assistant Commissioner of Income-tax v. B. Srinivasa Rao heard by the Income Tax Appellate...
Taxation of NPA Interest Income for RBI-Licensed Co-operative Banks Introduction The case of Assistant Commissioner of Income-tax, Circle-3, Nanded v. Omerga Janta Sahakari Bank Ltd. adjudicated by...
Separate Housing Projects Qualify for Section 80-IB(10) Tax Deduction: Siddhivinayak Kohinoor Venture v. Additional Commissioner of Income-Tax Introduction The case of Siddhivinayak Kohinoor Venture...
Mandatory Provision for Bad and Doubtful Debts under Section 36(1)(viia): Insights from Mahalaxmi Co-Op. Bank Ltd. v. Ito 1. Introduction The case of Mahalaxmi Co-Op. Bank Ltd. v. Ito adjudicated by...
Proper Service of Notice Required for Valid Reassessment Under Section 148: Usha Stud & Agricultural Farms Pvt. Ltd. v. D.C.I.T. Introduction In the landmark case of Usha Stud & Agricultural Farms...
Reevaluation of Comparable Selection in Transfer Pricing: M/S. B.A Continuum India Pvt. Ltd. v. CIT(A) Introduction The case of M/S. B.A Continuum India Pvt. Ltd., Hyderabad v. The Assistant...
Allowability of Commission Expenses and Burden of Proof: Kanu Kitchen Kulture Pvt. Ltd. v. CIT Introduction The case of Kanu Kitchen Kulture Pvt. Ltd. v. Commissioner of Income Tax (CIT) adjudicated...
Tribunal Upholds Reclassification of Business Units and Clarifies Deductions under Section 10A Introduction The case of M/S. Virtusa (India) Pvt. Ltd. Hyderabad v. The Deputy Commissioner Of...
Tribunal Upholds Inclusion of Disallowances under Section 40(a)(ia) in Computing Section 10A Deductions: Infotech Enterprises Ltd. v. Addl. CIT, Hyderabad Introduction The case of Infotech...
Bharti Auto v. Commissioner of Income-tax-II, Rajkot: Broadening TCS Obligations on Traders in Scrap Sales and Retroactive Application of Section 206C(6A) Introduction The case of Bharti Auto...
Defining Capital Assets and Agricultural Land Exemption in Income Tax Introduction The case of Kapil Chit Funds Pvt. Ltd. v. Ito, adjudicated by the Income Tax Appellate Tribunal on September 5,...