Income Tax Appellate Tribunal Case Commentaries

Clarifying Penalty Implications under Section 271(1)(c): Insights from Rupam Mercantiles Ltd. v. Deputy Commissioner of Income-tax

Date: Jul 20, 2004

Clarifying Penalty Implications under Section 271(1)(c): Insights from Rupam Mercantiles Ltd. v. Deputy Commissioner of Income-tax Introduction The case of Rupam Mercantiles Ltd. v. Deputy...

Clarifying Developer Status for Section 80-IA Deductions: Patel Engg. Ltd. v. Deputy Commissioner of Income-Tax

Date: Jun 23, 2004

Clarifying Developer Status for Section 80-IA Deductions: Patel Engg. Ltd. v. Deputy Commissioner of Income-Tax Introduction The case of Patel Engg. Ltd. v. Deputy Commissioner of Income-tax, Central...

Enforcement of Strict Four-Year Limitation for Rectification Claims under Section 254(2) of the Income Tax Act: Arvindbhai H. Shah v. Assistant Commissioner of Income-tax

Date: May 27, 2004

Enforcement of Strict Four-Year Limitation for Rectification Claims under Section 254(2) of the Income Tax Act: Arvindbhai H. Shah v. Assistant Commissioner of Income-tax Introduction The case of...

Cost Allocation Between Industrial Units and Its Impact on Section 80-I and 80-IA Deductions: National Thermal Power Corpn. Ltd. v. Additional Commissioner of Income-tax

Date: May 27, 2004

Cost Allocation Between Industrial Units and Its Impact on Section 80-I and 80-IA Deductions: National Thermal Power Corpn. Ltd. v. Additional Commissioner of Income-tax Introduction The case of...

Full Deduction of Revenue Expenditure on Advertising for Product Launch: Amar Raja Batteries Ltd. v. Assistant Commissioner of Income-tax

Date: Apr 28, 2004

Full Deduction of Revenue Expenditure on Advertising for Product Launch Amar Raja Batteries Ltd. v. Assistant Commissioner of Income-tax Court: Income Tax Appellate Tribunal Decision Date: April 27,...

Ambika Agro Suppliers v. Income-tax Officer: Enhancing Scrutiny in Section 263 Proceedings

Date: Mar 31, 2004

Ambika Agro Suppliers v. Income-tax Officer: Enhancing Scrutiny in Section 263 Proceedings Introduction The case of Ambika Agro Suppliers v. Income-tax Officer adjudicated by the Income Tax Appellate...

Clarification on TDS Deduction: Hindustan Coca-Cola Beverages v. Joint Commissioner of Income-tax

Date: Mar 25, 2004

Clarification on TDS Deduction: Hindustan Coca-Cola Beverages v. Joint Commissioner of Income-tax Introduction The case of Hindustan Coca-Cola Beverages (P.) Ltd. v. Joint Commissioner of Income-tax...

Strengthening the Burden of Proof on Assessees for Investment Explanations and Speculative Losses: Insights from Assistant Commissioner of Income-tax v. Rameshchandra R. Patel

Date: Feb 28, 2004

Strengthening the Burden of Proof on Assessees for Investment Explanations and Speculative Losses: Insights from Assistant Commissioner of Income-tax v. Rameshchandra R. Patel Introduction The case...

Rajesh Jain v. Deputy Commissioner of Income-tax: Reinforcing the Necessity of Corroborative Evidence in Assessments

Date: Feb 28, 2004

Rajesh Jain v. Deputy Commissioner of Income-tax: Reinforcing the Necessity of Corroborative Evidence in Assessments Introduction The case of Rajesh Jain v. Deputy Commissioner of Income-tax...

Unified Interpretation of Section 80HHC: Set-Off of Export Losses and Netting of Interest Receipts in Lalsons Enterprises v. D.C. of Income-tax

Date: Feb 26, 2004

Unified Interpretation of Section 80HHC: Set-Off of Export Losses and Netting of Interest Receipts Introduction The case of Lalsons Enterprises v. Deputy Commissioner of Income-tax delivered by the...

Lufthansa German Airlines v. Deputy Commissioner of Income-tax: DTAA and IATP Participation Exemption

Date: Feb 13, 2004

Lufthansa German Airlines v. Deputy Commissioner of Income-tax: DTAA and IATP Participation Exemption Introduction The case of Lufthansa German Airlines v. Deputy Commissioner of Income-tax...

Assam Tea Co. v. Income-tax Officer: Establishing Rigorous Standards for Reassessment Proceedings

Date: Jan 28, 2004

Assam Tea Co. v. Income-tax Officer: Establishing Rigorous Standards for Reassessment Proceedings 1. Introduction The case of Assam Tea Co. v. Income-tax Officer adjudicated by the Income Tax...

Treatment of Unexplained Investment in Jointly Owned Properties under Income Tax: Surinder Pal Verma v. Assistant Commissioner of Income-tax

Date: Jan 8, 2004

Treatment of Unexplained Investment in Jointly Owned Properties under Income Tax: Surinder Pal Verma v. Assistant Commissioner of Income-tax Introduction The case of Surinder Pal Verma v. Assistant...

Capital vs. Revenue Treatment of Government Incentives: Reliance Industries Ltd. Judgment Analysis

Date: Oct 24, 2003

Capital vs. Revenue Treatment of Government Incentives: Reliance Industries Ltd. Judgment Analysis Introduction The case of Deputy Commissioner of Income-tax v. Reliance Industries Ltd. adjudicated...

Indo Nissin Foods Ltd. v. CIT: Establishing the Necessity of Proper Notice for Section 271C Penalties

Date: Oct 1, 2003

Indo Nissin Foods Ltd. v. CIT: Establishing the Necessity of Proper Notice for Section 271C Penalties Introduction The case of Indo Nissin Foods Ltd. v. Joint Commissioner of Income-tax adjudicated...

Mandatory Application of Accounting Standard 9 in Tax Assessments: Insights from Treasure Island Resorts v. Deputy Commissioner of Income-tax

Date: Aug 28, 2003

Mandatory Application of Accounting Standard 9 in Tax Assessments: Insights from Treasure Island Resorts (P.) Ltd. v. Deputy Commissioner of Income-tax Introduction The case of Treasure Island...

Strict Enforcement of Section 13(1)(c) in Denying Section 11 Exemption: SIDUR v. Deputy Commissioner of Income-tax

Date: Dec 28, 2002

Strict Enforcement of Section 13(1)(c) in Denying Section 11 Exemption: SIDUR v. Deputy Commissioner of Income-tax Introduction The case of Society for Integrated Development in Urban and Rural Areas...

Interpretation of Section 10B: Retrospective Applicability in Tata Tea Ltd. v. CIT(A)

Date: Nov 28, 2002

Interpretation of Section 10B: Retrospective Applicability in Tata Tea Ltd. v. CIT(A) Introduction The case of Tata Tea Ltd. v. Joint Commissioner of Income-tax adjudicated by the Income Tax...

Anjaneya Brick Works Judgment: Re-evaluating Production Estimates in Income Tax Assessments

Date: Nov 19, 2002

Anjaneya Brick Works Judgment: Re-evaluating Production Estimates in Income Tax Assessments Introduction The case of Anjaneya Brick Works v. Assistant Commissioner of Income-tax (Inv.) adjudicated by...

Clarifying 'Royalty' Classification in Non-Resident Satellite Operations: A Comprehensive Analysis of Asia Satellite Telecommunications Co. Ltd. v. DCI

Date: Nov 2, 2002

Clarifying 'Royalty' Classification in Non-Resident Satellite Operations Introduction The case of Asia Satellite Telecommunications Co. Ltd. v. Deputy Commissioner of Income-tax adjudicated by the...