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Income Tax Appellate Tribunal Case Commentaries

Tribunal Upholds Deduction Under Section 37 Over Section 43B(f) in Leave Encashment Insurance Premiums

Tribunal Upholds Deduction Under Section 37 Over Section 43B(f) in Leave Encashment Insurance Premiums

Date: Jun 8, 2012
Tribunal Upholds Deduction Under Section 37 Over Section 43B(f) in Leave Encashment Insurance Premiums Introduction In the case of Commissioner of Income-tax, Thiruvananthapuram v. Hindustan Latex...
Deductibility of Commission Payments under Section 37(1) of the Income Tax Act: Insights from Deputy Commissioner Of Income Tax Circle 8, Kolkata v. Rajrani Exports Pvt. Ltd.

Deductibility of Commission Payments under Section 37(1) of the Income Tax Act: Insights from Deputy Commissioner Of Income Tax Circle 8, Kolkata v. Rajrani Exports Pvt. Ltd.

Date: Jun 1, 2012
Deductibility of Commission Payments under Section 37(1) of the Income Tax Act: Insights from Deputy Commissioner Of Income Tax Circle 8, Kolkata v. Rajrani Exports Pvt. Ltd. 1. Introduction The case...
Section 14A Applicability on Section 10(2A) Excluded Income: Insights from Vishnu Anant Mahajan v. Asstt. CIT

Section 14A Applicability on Section 10(2A) Excluded Income: Insights from Vishnu Anant Mahajan v. Asstt. CIT

Date: May 26, 2012
Section 14A Applicability on Section 10(2A) Excluded Income: Insights from Vishnu Anant Mahajan v. Asstt. CIT Introduction The case of Vishnu Anant Mahajan v. Assistant Commissioner of Income-tax,...
Tribunal Upholds Jurisdictional Grounds in All Cargo Global Logistics v. Deputy Commissioner of Income-Tax

Tribunal Upholds Jurisdictional Grounds in All Cargo Global Logistics v. Deputy Commissioner of Income-Tax

Date: May 22, 2012
Tribunal Upholds Jurisdictional Grounds in All Cargo Global Logistics Ltd. v. Deputy Commissioner of Income-tax, Central Circle-44 Introduction The case of All Cargo Global Logistics Ltd. v. Deputy...
Clarifying Penalty Imposition under Section 271(1)(c) in Light of KAMLESH DANGAYACH v. ACIT

Clarifying Penalty Imposition under Section 271(1)(c) in Light of KAMLESH DANGAYACH v. ACIT

Date: May 17, 2012
Clarifying Penalty Imposition under Section 271(1)(c) in Light of KAMLESH DANGAYACH v. ACIT Introduction The case of KAMLESH DANGAYACH v. ACIT, Jaipur, adjudicated by the Income Tax Appellate...
Tribunal Validates Restriction on Expense Disallowance under Section 14A: Priya Exhibitors Pvt. Ltd. v. CIT

Tribunal Validates Restriction on Expense Disallowance under Section 14A: Priya Exhibitors Pvt. Ltd. v. CIT

Date: May 12, 2012
Tribunal Validates Restriction on Expense Disallowance under Section 14A: Priya Exhibitors Pvt. Ltd. v. CIT Introduction The case of Priya Exhibitors Pvt. Ltd. v. CIT was adjudicated by the Income...
Telcordia Technologies India P. Ltd. v. ACIT: Comprehensive Analysis on Transfer Pricing and Depreciation Applications

Telcordia Technologies India P. Ltd. v. ACIT: Comprehensive Analysis on Transfer Pricing and Depreciation Applications

Date: May 12, 2012
Telcordia Technologies India P. Ltd. v. ACIT: Comprehensive Analysis on Transfer Pricing and Depreciation Applications Introduction The case of Telcordia Technologies India P. Ltd. v. Assistant...
Clarifying the Applicability of Section 50C and Section 68: Insights from Bhopal v. M/S. Etc Industries Ltd.

Clarifying the Applicability of Section 50C and Section 68: Insights from Bhopal v. M/S. Etc Industries Ltd.

Date: May 11, 2012
Clarifying the Applicability of Section 50C and Section 68: Insights from Bhopal v. M/S. Etc Industries Ltd., Bhopal Introduction The case of Acit-1(1), Bhopal v. M/S. Etc Industries Ltd.,...
Clarifying the Scope of Rule 27 in ITAT Proceedings: Deputy Commissioner of Income-tax v. Sandip M. Patel

Clarifying the Scope of Rule 27 in ITAT Proceedings: Deputy Commissioner of Income-tax v. Sandip M. Patel

Date: May 1, 2012
Clarifying the Scope of Rule 27 in ITAT Proceedings: Deputy Commissioner of Income-tax v. Sandip M. Patel Introduction The case of Deputy Commissioner of Income-tax, Central Circle-2(2), Ahmedabad v....
Determining Arm's Length Interest Rates on Interest-Free Loans to Associated Enterprises: Insights from Tata Autocomp Systems Ltd. v. ACIT

Determining Arm's Length Interest Rates on Interest-Free Loans to Associated Enterprises: Insights from Tata Autocomp Systems Ltd. v. ACIT

Date: May 1, 2012
Determining Arm's Length Interest Rates on Interest-Free Loans to Associated Enterprises: Insights from Tata Autocomp Systems Limited v. ACIT Introduction The case of Tata Autocomp Systems Limited v....
Agricultural Land Classification Beyond Municipal Limits: Insights from Chand Prabha Jain v. CIT

Agricultural Land Classification Beyond Municipal Limits: Insights from Chand Prabha Jain v. CIT

Date: Apr 14, 2012
Agricultural Land Classification Beyond Municipal Limits: Insights from Chand Prabha Jain v. CIT Introduction The case of Chand Prabha Jain v. CIT adjudicated by the Income Tax Appellate Tribunal...
Interpretation of Section 40(a)(ia) in Merilyn Shipping & Transports v. Addl. CIT: 'Payable' Includes 'Paid'

Interpretation of Section 40(a)(ia) in Merilyn Shipping & Transports v. Addl. CIT: 'Payable' Includes 'Paid'

Date: Apr 10, 2012
Interpretation of Section 40(a)(ia) in Merilyn Shipping & Transports v. Addl. CIT: 'Payable' Includes 'Paid' 1. Introduction Merilyn Shipping & Transports Visakhapatnam v. Addl. CIT, Range-1...
Clarifying the Burden of Proof under Section 68: Insights from Income-tax Officer v. Anant Shelters (P.) Ltd.

Clarifying the Burden of Proof under Section 68: Insights from Income-tax Officer v. Anant Shelters (P.) Ltd.

Date: Mar 31, 2012
Clarifying the Burden of Proof under Section 68: Insights from Income-tax Officer v. Anant Shelters (P.) Ltd. Introduction The case of Income-tax Officer (9(1)-1) v. Anant Shelters (P.) Ltd....
Deductibility of Interest by Indian PE to Foreign HO Under DTAA: A New Precedent

Deductibility of Interest by Indian PE to Foreign HO Under DTAA: A New Precedent

Date: Mar 31, 2012
Deductibility of Interest by Indian PE to Foreign HO Under DTAA: A New Precedent Introduction The case of Sumitomo Mitsui Banking Corpn. v. Deputy Director of Income-tax (IT), Range-2(1), Mumbai...
Recognition of Multiple Housing Clusters as Separate Projects under Section 80IB(10)

Recognition of Multiple Housing Clusters as Separate Projects under Section 80IB(10)

Date: Mar 31, 2012
Recognition of Multiple Housing Clusters as Separate Projects under Section 80IB(10) Introduction The case of Rahul Construction Co., Rahul Capital, 115/B Prabhat Road, Pune v. Income Tax Officer,...
Mandatory Compliance with Section 153D for Valid Assessment Orders: AITA Decision

Mandatory Compliance with Section 153D for Valid Assessment Orders: AITA Decision

Date: Mar 31, 2012
Mandatory Compliance with Section 153D for Valid Assessment Orders: AITA Decision Introduction The case of Akil Gulamali Somji Shop No. 16, Gulistan Complex, Opposite SPCA, Poona College Road, Pune...
Maral Overseas Ltd. Judgment Commentary: Extending Section 10B Tax Exemption for EOUs

Maral Overseas Ltd. Judgment Commentary: Extending Section 10B Tax Exemption for EOUs

Date: Mar 29, 2012
Maral Overseas Ltd. Judgment Commentary: Extending Section 10B Tax Exemption for EOUs Introduction The case of Maral Overseas Limited v. Additional Commissioner of Income-Tax adjudicated by the...
Clarification on Assessability of Capital Gains from Development Agreements and Treatment of Gifts Received by Minor Children

Clarification on Assessability of Capital Gains from Development Agreements and Treatment of Gifts Received by Minor Children

Date: Mar 23, 2012
Clarification on Assessability of Capital Gains from Development Agreements and Treatment of Gifts Received by Minor Children Introduction The case of Sri Potla Nageswara Rao, Khammam /Cross Objector...
Clarifying Eligibility Under Section 80IA(4): Developer vs. Works Contractor in Infrastructure Projects – KMC Constructions Ltd. vs. Asst. Commissioner Of Income-Tax

Clarifying Eligibility Under Section 80IA(4): Developer vs. Works Contractor in Infrastructure Projects – KMC Constructions Ltd. vs. Asst. Commissioner Of Income-Tax

Date: Mar 17, 2012
Clarifying Eligibility Under Section 80IA(4): Developer vs. Works Contractor in Infrastructure Projects Introduction The case of M/S. KMC Constructions Ltd. Hyderabad v. Asst. Commissioner Of...
Penalty Cancellation in TDS Returns Filing: Insights from Collector Land Acquisition v. Addl. CIT(TDS)

Penalty Cancellation in TDS Returns Filing: Insights from Collector Land Acquisition v. Addl. CIT(TDS)

Date: Mar 10, 2012
Penalty Cancellation in TDS Returns Filing: Insights from Collector Land Acquisition v. Addl. CIT(TDS) Introduction The case of Collector Land Acquisition, Department Of Industries And Commerce,...
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