Income Tax Appellate Tribunal Upholds 12AA Registration Despite Allegations of Capitation Fees and Fund Diversion: Padanilam Welfare Trust v. CIT Introduction The case of Padanilam Welfare Trust v....
Mudhit Madanlal Gupta v. Assistant Commissioner of Income-tax: Affirmation of Deduction Under Section 80-IB(10) for Housing Projects Introduction The case of Mudhit Madanlal Gupta v. Assistant...
Recognition of Revenue and Accounting Methods in Real Estate: Cit v. Manish Buildwell P. Ltd. Introduction The case of Cit v. Manish Buildwell P. Ltd. adjudicated by the Income Tax Appellate Tribunal...
Presumption of Unreliable Accounts and Suppressed Production: Insights from Assistant Commissioner of Income-tax v. SRJ Peety Steels (P.) Ltd. Introduction The case of Assistant Commissioner of...
Ahura Holdings v. DCIT: Landmark Decision on On-Money Receipts and Business Loss Disallowance Introduction The case of Shri Gopal Lal Badruka, Hyderabad v. DCIT, Central Circle-2, Hyderabad,...
Right to Interest on Delayed Refunds Under Section 244A Confirmed Introduction The case of M/S Multiscreen Media Pvt. Ltd. vs. The Assistant Commissioner of Income Tax is a pivotal judgment delivered...
Income Tax Appellate Tribunal Upholds Use of Internal Comparables and Limits Transfer Pricing Adjustments to International Transactions Introduction This comprehensive commentary examines the...
Edelweiss Capital Ltd. v. Income Tax Officer: Landmark Rulings on Revenue and Capital Expenditures Introduction The case of Edelweiss Capital Ltd., Mumbai v. Income Tax Officer is a pivotal judgment...
Validation of Dealer Advances in Income Assessment: Saumya Sales Corporation vs. Income Tax Officer Introduction The case of M/S. Saumya Sales Corporation, Khalilabad, Distt: Sant Kabir Nagar v....
Burden of Proof in Capital Gains Disputes: Insights from A.C.I.T 3, Mathura v. Smt. Kela Devi Agarwal Introduction The case of A.C.I.T 3, Mathura v. Smt. Kela Devi Agarwal, adjudicated on October 29,...
Limits of Section 263 in Modifying Final Assessments: Insights from Commissioner of Income-tax v. Murli Agro Products Ltd. Introduction The case of Commissioner of Income-tax (Central), Nagpur v....
Recognition of Advance Fees as Income under the Mercantile Method of Accounting Introduction The case of Commissioner of Income-tax v. Dinesh Kumar Goel decided by the Income Tax Appellate Tribunal...
Clarification on TDS Obligations Under Sections 194C, 194D, and 194J: Insights from Tata Aig General Insurance Company Ltd. v. Ito (Osd) 3(2) 1. Introduction The case of Tata Aig General Insurance...
Taxation of Software Licensing Royalties: Gracemac Corporation v. Asstt. Director Of Income-Tax Introduction The case of Gracemac Corporation v. Assistant Director of Income-Tax, International Tax...
Reinforcing Business Income Classification and Interest Deductibility: Asst. Commissioner Of Income-Tax v. Delite Enterprises Pvt. Ltd. Introduction The case of Asst. Commissioner Of Income-Tax...
Salman Khan v. Dy. Commissioner Of Income Tax Central: Re-examination of Deductions under Sections 80RR and 37(1) 1. Introduction The case of Dy. Commissioner Of Income Tax Central, Cir-24, Mumbai v....
Consistency in Revenue Expenditure Classification and Interpretation of Section 80-IA: Poonawalla Estate Stud & Agro Farm v. Assistant Commissioner of Income Tax Introduction The case of Poonawalla...
Ajit Education Trust v. Commissioner of Income Tax-III Baroda: Non-Retrospective Cancellation of Trust Registration under Section 12AA(3) 1. Introduction The case of Ajit Education Trust Shravan...
Conditional Stay of Income Tax Demand for Educational Trusts: Insights from Sinhgad Technical Education Society, Pune v. ACIT, Pune Introduction The case of Sinhgad Technical Education Society, Pune...
Sh. Ashok Chadha v. ITO: Upholding Procedural Requirements in Income Tax Assessments Introduction The case of Sh. Ashok Chadha, New Delhi v. ITO, New Delhi adjudicated by the Income Tax Appellate...