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Income Tax Appellate Tribunal Case Commentaries

Dr. Maya Shenoy v. Assistant Commissioner of Income-tax: A Landmark Judgment on Capital Gains Computation in Development Agreements

Dr. Maya Shenoy v. Assistant Commissioner of Income-tax: A Landmark Judgment on Capital Gains Computation in Development Agreements

Date: Oct 25, 2008
Dr. Maya Shenoy v. Assistant Commissioner of Income-tax: A Landmark Judgment on Capital Gains Computation in Development Agreements Introduction The case of Dr. Maya Shenoy v. Assistant Commissioner...
Defining the Scope of Section 14A for Dividend Income in Share Trading Businesses: ITAT's Landmark Ruling

Defining the Scope of Section 14A for Dividend Income in Share Trading Businesses: ITAT's Landmark Ruling

Date: Oct 21, 2008
Defining the Scope of Section 14A for Dividend Income in Share Trading Businesses: ITAT's Landmark Ruling Introduction The case of Income-tax Officer, Ward 6(2)(2), Mumbai v. Daga Capital Management...
Taxation of Artistes' Foreign Income: Insights from Ms. Pooja Bhatt v. Deputy Commissioner of Income-tax

Taxation of Artistes' Foreign Income: Insights from Ms. Pooja Bhatt v. Deputy Commissioner of Income-tax

Date: Oct 21, 2008
Taxation of Artistes' Foreign Income: Insights from Ms. Pooja Bhatt v. Deputy Commissioner of Income-tax Introduction The case of Ms. Pooja Bhatt v. Deputy Commissioner of Income-tax, Central Circle...
Deductibility of Foreign Travel Expenses and Applicability of Sections 14A & 69B: K.J. Arora v. Deputy Commissioner of Income Tax

Deductibility of Foreign Travel Expenses and Applicability of Sections 14A & 69B: K.J. Arora v. Deputy Commissioner of Income Tax

Date: Oct 18, 2008
Deductibility of Foreign Travel Expenses and Applicability of Sections 14A & 69B: K.J. Arora v. Deputy Commissioner of Income Tax Introduction The case of K.J. Arora v. Deputy Commissioner of Income...
Philips Software Centre Ltd. v. Asstt. CIT: Strengthening Standards for Transfer Pricing and Comparability Analysis

Philips Software Centre Ltd. v. Asstt. CIT: Strengthening Standards for Transfer Pricing and Comparability Analysis

Date: Sep 27, 2008
Philips Software Centre Ltd. v. Asstt. CIT: Strengthening Standards for Transfer Pricing and Comparability Analysis Introduction In the case of Philips Software Centre (P.) Ltd. v. Assistant...
Sony India v. Deputy Commissioner of Income Tax: Clarifications on Deductions and Transfer Pricing under the Income Tax Act

Sony India v. Deputy Commissioner of Income Tax: Clarifications on Deductions and Transfer Pricing under the Income Tax Act

Date: Sep 24, 2008
Sony India v. Deputy Commissioner of Income Tax: Clarifications on Deductions and Transfer Pricing under the Income Tax Act Introduction In the landmark case of Sony India (P.) Ltd. v. Deputy...
Reclassification of Inter-Company Payments and TDS Provisions under Section 40(a): Insights from Expeditors International v. CIT

Reclassification of Inter-Company Payments and TDS Provisions under Section 40(a): Insights from Expeditors International v. CIT

Date: Aug 30, 2008
Reclassification of Inter-Company Payments and TDS Provisions under Section 40(a): Insights from Expeditors International v. CIT Introduction The case of Expeditors International (India) (P.) Ltd v....
Recognition of Independent Projects under Section 80-IB(10): Deputy Commissioner of Income-tax v. Brigade Enterprises (P.) Ltd.

Recognition of Independent Projects under Section 80-IB(10): Deputy Commissioner of Income-tax v. Brigade Enterprises (P.) Ltd.

Date: Aug 30, 2008
Recognition of Independent Projects under Section 80-IB(10): Deputy Commissioner of Income-tax v. Brigade Enterprises (P.) Ltd. Introduction The case of Deputy Commissioner of Income-tax v. Brigade...
Depreciation of Stock Exchange Membership Rights and TDS on Transaction Charges – Kotak Securities Ltd. v. A.C.I.T.

Depreciation of Stock Exchange Membership Rights and TDS on Transaction Charges – Kotak Securities Ltd. v. A.C.I.T.

Date: Aug 27, 2008
Depreciation of Stock Exchange Membership Rights and TDS on Transaction Charges Kotak Securities Ltd. v. Additional Commissioner of Income-tax, Range-4(3), Mumbai (2008) 1. Introduction The case of...
Judicial Commentary: Smt. Mira Ananta Naik v. Deputy Commissioner of Income-tax - Clarifying the Limits of Section 147 in Income Tax Assessments

Judicial Commentary: Smt. Mira Ananta Naik v. Deputy Commissioner of Income-tax - Clarifying the Limits of Section 147 in Income Tax Assessments

Date: Aug 27, 2008
Clarifying the Limits of Section 147 in Income Tax Assessments: An Analysis of Smt. Mira Ananta Naik v. Deputy Commissioner of Income-tax Introduction In the landmark case of Smt. Mira Ananta Naik v....
Inclusion of Foreign Exchange Gains in Export Turnover: Insights from Assistant Commissioner of Income-tax v. Prakash L. Shah

Inclusion of Foreign Exchange Gains in Export Turnover: Insights from Assistant Commissioner of Income-tax v. Prakash L. Shah

Date: Aug 23, 2008
Inclusion of Foreign Exchange Gains in Export Turnover: Insights from Assistant Commissioner of Income-tax v. Prakash L. Shah Introduction The case of Assistant Commissioner of Income-tax, Circle...
Capital Gains Tax Non-Applicability on Non-Demerger and Non-Slump Sale Transfers: Avaya Global Connect Ltd. v. Assistant Commissioner of Income-tax

Capital Gains Tax Non-Applicability on Non-Demerger and Non-Slump Sale Transfers: Avaya Global Connect Ltd. v. Assistant Commissioner of Income-tax

Date: Jul 30, 2008
Capital Gains Tax Non-Applicability on Non-Demerger and Non-Slump Sale Transfers: Avaya Global Connect Ltd. v. Assistant Commissioner of Income-tax Introduction The case of Avaya Global Connect Ltd....
Assessing Tax Liability on Sale Proceeds Under VDIS: Landmark Ruling on Section 68 Applicability

Assessing Tax Liability on Sale Proceeds Under VDIS: Landmark Ruling on Section 68 Applicability

Date: Jul 26, 2008
Assessing Tax Liability on Sale Proceeds Under VDIS: Landmark Ruling on Section 68 Applicability Introduction The case of Manoj Aggarwal v. Deputy Commissioner of Income-tax alongside other related...
Commissioner of Income-tax v. Rajiv Garg: Upholding Good Faith in Revised Returns

Commissioner of Income-tax v. Rajiv Garg: Upholding Good Faith in Revised Returns

Date: Jul 23, 2008
Commissioner of Income-tax v. Rajiv Garg: Upholding Good Faith in Revised Returns Introduction The case of Commissioner of Income-tax, Karnal v. Rajiv Garg adjudicated by the Income Tax Appellate...
Establishing Discretionary Penalty Under Section 158BFA(2): Insights from JRD Stock Brokers (P) Ltd. v. Assistant Commissioner of Income-tax

Establishing Discretionary Penalty Under Section 158BFA(2): Insights from JRD Stock Brokers (P) Ltd. v. Assistant Commissioner of Income-tax

Date: Jul 19, 2008
Establishing Discretionary Penalty Under Section 158BFA(2): Insights from JRD Stock Brokers (P) Ltd. v. Assistant Commissioner of Income-tax Introduction The case of JRD Stock Brokers (P) Ltd. v....
Interpretation and Applicability of Section 234D: Ekta Promoters (P.) Ltd. Judgment Analysis

Interpretation and Applicability of Section 234D: Ekta Promoters (P.) Ltd. Judgment Analysis

Date: Jul 12, 2008
Interpretation and Applicability of Section 234D: Ekta Promoters (P.) Ltd. Judgment Analysis 1. Introduction The case of Income-tax Officer, Ward 11(1), New Delhi v. Ekta Promoters (P.) Ltd....
Clarifying the Applicability of Sections 41(1) and 68 in Tax Assessments: Shri Vardhman Overseas Ltd. v. CIT(A)

Clarifying the Applicability of Sections 41(1) and 68 in Tax Assessments: Shri Vardhman Overseas Ltd. v. CIT(A)

Date: Jul 12, 2008
Clarifying the Applicability of Sections 41(1) and 68 in Tax Assessments: Shri Vardhman Overseas Ltd. v. CIT(A) Introduction The case of Shri Vardhman Overseas Ltd. v. Assistant Commissioner of...
Clarifying Deduction Eligibility under Section 80-IA: Mere Development Qualifies Without Operation and Maintenance

Clarifying Deduction Eligibility under Section 80-IA: Mere Development Qualifies Without Operation and Maintenance

Date: Jul 1, 2008
Clarifying Deduction Eligibility under Section 80-IA: Mere Development Qualifies Without Operation and Maintenance Introduction The case of Assistant Commissioner of Income-tax, Central Circle-1,...
Exemption under Section 10(23C)(iiiad) Affirmed in Income-tax Officer v. Virendra Singh Memorial Shiksha Samiti

Exemption under Section 10(23C)(iiiad) Affirmed in Income-tax Officer v. Virendra Singh Memorial Shiksha Samiti

Date: Jun 28, 2008
Exemption under Section 10(23C)(iiiad) Affirmed in Income-tax Officer v. Virendra Singh Memorial Shiksha Samiti Introduction The case of Income-tax Officer v. Virendra Singh Memorial Shiksha Samiti...
Paradigm Geophysical Pty. Ltd. v. Assistant Commissioner of Income-Tax: Defining Taxation on Non-Resident Technical Services

Paradigm Geophysical Pty. Ltd. v. Assistant Commissioner of Income-Tax: Defining Taxation on Non-Resident Technical Services

Date: Jun 28, 2008
Paradigm Geophysical Pty. Ltd. v. Assistant Commissioner of Income-Tax: Defining Taxation on Non-Resident Technical Services Introduction The case of Assistant Commissioner of Income-tax, Circle 1,...
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