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Income Tax Appellate Tribunal Case Commentaries

Revenue Treatment of VRS Expenditure Affirmed in PI Industries Ltd. v. Assistant Commissioner of Income Tax

Revenue Treatment of VRS Expenditure Affirmed in PI Industries Ltd. v. Assistant Commissioner of Income Tax

Date: Jul 29, 2006
Revenue Treatment of VRS Expenditure Affirmed in PI Industries Ltd. v. Assistant Commissioner of Income Tax Introduction The case of PI Industries Ltd. v. Assistant Commissioner of Income-tax,...
Interpretation of Section 2(22)(e) Revisited: Deemed Dividend and Current Accounts Between Related Parties - NH Securities Ltd. v. Deputy Commissioner of Income-tax

Interpretation of Section 2(22)(e) Revisited: Deemed Dividend and Current Accounts Between Related Parties - NH Securities Ltd. v. Deputy Commissioner of Income-tax

Date: Jul 28, 2006
Interpretation of Section 2(22)(e) Revisited: Deemed Dividend and Current Accounts Between Related Parties NH Securities Ltd. v. Deputy Commissioner of Income-Tax, Cent. Cir. 40, Mumbai Court: Income...
Admission of Additional Evidence under Rule 46A: Shahrukh Khan v. Deputy Commissioner of Income-tax

Admission of Additional Evidence under Rule 46A: Shahrukh Khan v. Deputy Commissioner of Income-tax

Date: Jul 21, 2006
Admission of Additional Evidence under Rule 46A: Shahrukh Khan v. Deputy Commissioner of Income-tax Introduction The case of Shahrukh Khan v. Deputy Commissioner of Income-tax, Spl. Rg. 21, Mumbai...
Strict Interpretation of Section 80-IB(10): Commercial Components and Distance Criteria in Housing Projects

Strict Interpretation of Section 80-IB(10): Commercial Components and Distance Criteria in Housing Projects

Date: Jul 11, 2006
Strict Interpretation of Section 80-IB(10): Commercial Components and Distance Criteria in Housing Projects Introduction The case of Laukik Developers v. Deputy Commissioner of Income-tax, Circle-3,...
Retention Money and Income Accrual: Insights from Deputy Commissioner of Income-tax v. Spirax Marshall Ltd.

Retention Money and Income Accrual: Insights from Deputy Commissioner of Income-tax v. Spirax Marshall Ltd.

Date: Jul 1, 2006
Retention Money and Income Accrual: Insights from Deputy Commissioner of Income-tax v. Spirax Marshall Ltd. Introduction The case of Deputy Commissioner of Income-tax, SR-3, Pune v. Spirax Marshall...
Reopening of Tax Assessment Under Section 147: A Landmark Judgment in Indian Syntans Investments (P.) Ltd. v. Deputy Commissioner of Income-tax

Reopening of Tax Assessment Under Section 147: A Landmark Judgment in Indian Syntans Investments (P.) Ltd. v. Deputy Commissioner of Income-tax

Date: Jul 1, 2006
Reopening of Tax Assessment Under Section 147: A Landmark Judgment in Indian Syntans Investments (P.) Ltd. v. Deputy Commissioner of Income-tax Introduction The case of Deputy Commissioner of...
Establishing the 'Reason to Believe' Standard in Reassessment Proceedings under Section 148: Insights from the Income Tax Appellate Tribunal Decision in Income-tax Officer vs. Smt. Gurinder Kaur

Establishing the 'Reason to Believe' Standard in Reassessment Proceedings under Section 148: Insights from the Income Tax Appellate Tribunal Decision in Income-tax Officer vs. Smt. Gurinder Kaur

Date: Jun 17, 2006
Establishing the 'Reason to Believe' Standard in Reassessment Proceedings under Section 148: Insights from the Income Tax Appellate Tribunal Decision in Income-tax Officer vs. Smt. Gurinder Kaur...
Date of Transfer in Development Agreements: Insights from Assistant Commissioner v. Geetadevi Pasari

Date of Transfer in Development Agreements: Insights from Assistant Commissioner v. Geetadevi Pasari

Date: Jun 10, 2006
Date of Transfer in Development Agreements: Insights from Assistant Commissioner v. Geetadevi Pasari Introduction The case of Assistant Commissioner of Income-tax v. Mrs. Geetadevi Pasari adjudicated...
Depreciation on Vehicles: Distinction between Business Use and Hire Use – Sridevi Steel & Cement Stores v. I.T.O.

Depreciation on Vehicles: Distinction between Business Use and Hire Use – Sridevi Steel & Cement Stores v. I.T.O.

Date: May 20, 2006
Depreciation on Vehicles: Distinction between Business Use and Hire Use – Sridevi Steel & Cement Stores v. I.T.O. Introduction The case of Sridevi Steel & Cement Stores v. Income-tax Officer, Ward-1,...
ITA Kamal Kishore Chandak v. Income-tax Officer: Upholding Assessee's Claims on Investment Utilization and Restricting Over-reliance on Stamp Duty Valuations under Section 50C

ITA Kamal Kishore Chandak v. Income-tax Officer: Upholding Assessee's Claims on Investment Utilization and Restricting Over-reliance on Stamp Duty Valuations under Section 50C

Date: Apr 29, 2006
ITA Kamal Kishore Chandak v. Income-tax Officer: Upholding Assessee's Claims on Investment Utilization and Restricting Over-reliance on Stamp Duty Valuations under Section 50C 1. Introduction The...
Clarifying Jurisdiction and Procedural Validity under Section 263: Satish Kumar Keshri v. CIT (Technical)

Clarifying Jurisdiction and Procedural Validity under Section 263: Satish Kumar Keshri v. CIT (Technical)

Date: Apr 29, 2006
Clarifying Jurisdiction and Procedural Validity under Section 263: Satish Kumar Keshri v. CIT (Technical) Introduction The case of Satish Kumar Keshri v. Income-tax Officer (Technical) revolves...
Principal-Agent Relationship Under Section 194H: Analysis of Assistant Commissioner v. Bharti Cellular Ltd

Principal-Agent Relationship Under Section 194H: Analysis of Assistant Commissioner v. Bharti Cellular Ltd

Date: Apr 5, 2006
Principal-Agent Relationship Under Section 194H: Analysis of Assistant Commissioner v. Bharti Cellular Ltd Introduction The case of Assistant Commissioner of Income-tax, Circle-57, Kolkata v. Bharti...
Section 80-IA Deduction for Captive Power Units: West Coast Paper Mills Ltd. v. Assistant Commissioner of Income-tax

Section 80-IA Deduction for Captive Power Units: West Coast Paper Mills Ltd. v. Assistant Commissioner of Income-tax

Date: Apr 4, 2006
Section 80-IA Deduction for Captive Power Units: West Coast Paper Mills Ltd. v. Assistant Commissioner of Income-tax Introduction The case of West Coast Paper Mills Ltd. v. Assistant Commissioner of...
NCK Sons Exports v. Income-tax Officer: Affirming Section 2(22)(e) Applicability to Trade Advances amidst Common Shareholding

NCK Sons Exports v. Income-tax Officer: Affirming Section 2(22)(e) Applicability to Trade Advances amidst Common Shareholding

Date: Apr 1, 2006
NCK Sons Exports v. Income-tax Officer: Affirming Section 2(22)(e) Applicability to Trade Advances amidst Common Shareholding Introduction The case of NCK Sons Exports (P.) Ltd. v. Income-tax...
Autonomy of Industrial Units under Section 80-IA: Insights from Additional Commissioner of Income-tax v. Delhi Press Patra Prakashan

Autonomy of Industrial Units under Section 80-IA: Insights from Additional Commissioner of Income-tax v. Delhi Press Patra Prakashan

Date: Mar 25, 2006
Autonomy of Industrial Units under Section 80-IA: Insights from Additional Commissioner of Income-tax v. Delhi Press Patra Prakashan Introduction The case of Additional Commissioner of Income-tax v....
ITA Upholds Mandatory Accounting Standards in NBFC Income Recognition

ITA Upholds Mandatory Accounting Standards in NBFC Income Recognition

Date: Mar 11, 2006
ITA Upholds Mandatory Accounting Standards in NBFC Income Recognition Introduction The case of Joint Commissioner of Income-tax, Special Range-II, Chennai v. India Equipment Leasing Ltd. adjudicated...
Distinguishing Business Connection and Permanent Establishment: Insights from Western Union Financial Services Inc. v. Assistant Director of Income-tax

Distinguishing Business Connection and Permanent Establishment: Insights from Western Union Financial Services Inc. v. Assistant Director of Income-tax

Date: Mar 11, 2006
Distinguishing Business Connection and Permanent Establishment: Insights from Western Union Financial Services Inc. v. Assistant Director of Income-tax Introduction The case of Western Union...
Precedent on Suo Motu Revision under Section 263: Mrs. Khatiza S. Oomerbhoy v. Income-tax Officer

Precedent on Suo Motu Revision under Section 263: Mrs. Khatiza S. Oomerbhoy v. Income-tax Officer

Date: Feb 28, 2006
Precedent on Suo Motu Revision under Section 263: Mrs. Khatiza S. Oomerbhoy v. Income-tax Officer Introduction The case of Mrs. Khatiza S. Oomerbhoy v. Income-tax Officer, adjudicated by the Income...
ITA Upholds Non-Deductibility of Statutory Reserve Fund Contributions in National Heavy Engg. Co-operative Ltd. v. DCIT

ITA Upholds Non-Deductibility of Statutory Reserve Fund Contributions in National Heavy Engg. Co-operative Ltd. v. DCIT

Date: Feb 18, 2006
ITA Upholds Non-Deductibility of Statutory Reserve Fund Contributions in National Heavy Engg. Co-operative Ltd. v. DCIT Introduction The case of National Heavy Engg. Co-operative Ltd. v. Deputy...
Taxation of Share Allotments and Expenditure Classification: Insights from Escorts Ltd. v. AACIT

Taxation of Share Allotments and Expenditure Classification: Insights from Escorts Ltd. v. AACIT

Date: Feb 1, 2006
Taxation of Share Allotments and Expenditure Classification: Insights from Escorts Ltd. v. Assistant Commissioner of Income-tax Introduction The case of Escorts Ltd. v. Assistant Commissioner of...
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