Reaffirming Deduction of Bad Debts Under Section 36(1)(vii): Jupiter Aqua Lines Ltd. v. CIT Circle-6 Mohali 1. Introduction The case of M/S Jupiter Aqua Lines Ltd. v. The DCIT Circle-6(1), Mohali...
Capital Gains Taxability in Joint Development Agreements: Clarifying Transfer under Section 2(47)(v) Introduction The case of Satnam Singh Kainth, SBS Nagar v. Income-tax Officer, Nawanshahr...
Adjustment of Arm's Length Price in Transfer Pricing: Insights from Mobis India Limited v. Deputy Commissioner Of Income Tax (2013) Introduction The case of Mobis India Limited v. Deputy Commissioner...
AFL (P.) Ltd. v. Assistant Commissioner of Income-Tax, Mumbai: Definitive Ruling on Expenditure Disallowance under Section 14A and Rule 8D Introduction The case of AFL (P.) Ltd. v. Assistant...
Validation of Shares Transactions as Genuine Long-Term Capital Gains: Smt. Smita P. Patil v. Assistant Commissioner of Income-tax Introduction The case of Smt. Smita P. Patil v. Assistant...
Capital Gain Implications of Joint Development Agreements: Insights from Charanjit Singh Atwal v. Income-tax Officer, Ward -VI (1), Ludhiana Introduction The case of Charanjit Singh Atwal v....
Interpretation of Section 271(1)(c) and Section 132(4): Insights from Dilip Kedia v. Assistant Commissioner of Income-tax Introduction The case of Dilip Kedia v. Assistant Commissioner of Income-tax,...
Clarification on Section 14A and Rule 8D Applicability in Income Tax Assessment: Insights from Dy. CIT v. Damani Estates & Finance Pvt. Ltd. Introduction The case of Deputy Commissioner of Income Tax...
Clarification on Applicability of Section 194H on Service Charges Retained by Banks: A Commentary on Income Tax Officer v. Jet Airways (India) Ltd. Introduction The case of Income Tax Officer v. Jet...
Mandatory Issuance of Notice under Section 143(2) of the Income Tax Act: Insights from I.T.A. No.184(Asr)/2013 Introduction The case of The Income-tax Officer, Jammu v. Smt. Promila Gupta, Jammu...
Telescopic Adjustments in Income Tax Appellate Tribunal: Insights from M/s Vee Gee Industrial Enterprises v. ACIT, Faridabad Introduction The case of M/s Vee Gee Industrial Enterprises, New Delhi v....
Clarifying "A Residential House" Under Sections 54 and 54F of the Income Tax Act: Vittal Krishna Conjeevaram v. Income Tax Officer Introduction The case of Vittal Krishna Conjeevaram v. Income Tax...
Karwat Steel Traders v. Income Tax Officer: Reaffirming the Non-Applicability of Section 40(a)(ia) for Timely Declarations via Form 15G/H Introduction The case of Karwat Steel Traders v. Income Tax...
Lease Premiums Classified as Capital Expenditures: Implications for TDS Under Section 194-I 1. Introduction The case of Income-tax Officer (TDS) -3(5) v. Wadhwa & Associates Realtors (P.) Ltd....
ITAT Upholds Year-Specific Evidence Requirement for Reassessment under Section 153A Introduction The case of Commissioner of Income-tax -I v. Jayaben Ratilal Sorathia adjudicated by the Income Tax...
Controlled Transactions as Comparables in Transfer Pricing: Insights from Sabic Innovative Plastics India Pvt. Ltd. v. Dy.CIT., Circle-4, Baroda Introduction The case of Sabic Innovative Plastics...
Clarifying Penalty Exemption Under Section 271AAA: Insights from Neeraj Singal v. ACIT Introduction The case of Neeraj Singal, New Delhi v. ACIT, New Delhi adjudicated by the Income Tax Appellate...
Rei Agro Ltd. v. DCit: Landmark Ruling on Section 14A and Rule 8D Disallowances Introduction The case of Rei Agro Ltd., Kolkata v. DCit, Central Circle-Xxvii, Kol. adjudicated by the Income Tax...
Transfer Pricing Adjustments on Bank Guarantee Commissions: Insights from Asstt. Commissioner Of Income v. Nimbus Communications Ltd. Introduction The case of Asstt. Commissioner Of Income v. Nimbus...
Defining Section 10A Eligibility and Transfer Pricing Benchmarks in Inter-Company Loans: Insights from Hinduja Global Solutions Ltd. v. Addl. CIT Introduction The case of Hinduja Global Solutions...