N.K. Industries Ltd. vs. DCIT: Clarifying Speculative vs. Genuine Business Losses and Deductibility of Transaction Charges Introduction The case of N.K. Industries Ltd., Ahmedabad v. DCIT,...
Partial Disallowance of Bogus Subcontracting Expenses: DCIT vs. Ultra Tech Transmission Introduction The case of DCIT, Central Circle-3, Baroda v. M/s. Ultra Tech Transmission Pvt. Ltd. adjudicated...
Limitation of Revision Powers under Section 263: Insights from M/s J.C. Sharma & Sons v. Pr. CIT Introduction The case of M/s J.C.Sharma & Sons, Bhopal v. Pr. CIT -2, Bhopal adjudicated by the Income...
M/s Dell International Services India Pvt. Ltd. v. Joint Commissioner of Income Tax: Landmark Transfer Pricing Ruling Introduction The case of M/s Dell International Services India Pvt. Limited,...
Differentiating Business Income from Other Sources: Insights from Rabindra Bharati University Cooperative Credit Society Ltd. v. DCIT-CPC Introduction The case of Rabindra Bharati University...
Clarification on Section 23(1)(c) for Annual Lettable Value and Interest Expenditure in Income Tax Assessments: DCIT vs Shri Dhaval D. Patel Introduction The case of DCIT, Central Circle-1, Baroda v....
Clarifying the Burden of Proof Under Section 68: Insights from ITAT Kolkata in ITO v. M/s Coxis Finance & Investment 1. Introduction The case of ITO, Ward-6(1), Kolkata v. M/s Coxis Finance &...
Invalidity of Transfer Pricing Adjustments Due to Non-Compliance with CBDT Circular No.19/2019: Insights from Intrado EC India Pvt Ltd vs DCIT-Circle-3(1)(1), Bangalore Introduction The case of...
Key Precedents on PF/ESI Allowance and Additional Grounds Established in Mayur Uniquoters Ltd. vs. CIT Introduction The case of Mayur Uniquoters Limited, Jaipur v. Commissioner of Income Tax NFAC,...
Supreme Court Upholds Revenue’s Stance on Section 43B: Implications of Electrical India v. ADIT CPC Introduction The case of Electrical India, Chennai v. ADIT, CPC Bengaluru adjudicated by the Income...
ITA Appellate Tribunal Establishes Mandatory Deduction of Expenditures Under Section 57 for Co-operative Societies’ Interest Income Introduction The case of M/s Gnana Shale Souhardha Co-Operative...
Judicial Clarification on Revisionary Jurisdiction under Section 263: Karabi Dealers Pvt. Ltd. vs PCIT-2, Kolkata 1. Introduction The case of Karabi Dealers Pvt. Ltd., Kolkata v. PCIT-2, Kolkata...
ITAT Rajkot Clarifies Eligibility for Section 80P Deductions Despite Late Filing Introduction The case of Shri Nava Ujala Seva Sahakari Mandali Limited, At Nava Ujala, Taluka Kunkavav, Gujarat-365450...
Compliance with RBI Guidelines on Acceptance of Specified Bank Notes During Demonetization: ITAT's Stand in Income Tax Officer, Ward-1 & TPS v. M/s. Manasa Medicals Introduction The judgment in...
ITA Delhi Establishes Strict Adherence to CBDT Circular No.19/2019 on Document Identification Numbers Introduction The case of Dilip Kothari v. Principal Commissioner Of Income Tax (Central),...
ITA Birla Corporation Ltd. v. DCIT, Kolkata: Insights into Deductibility of Education Cess and Treatment of Industrial Incentives under the Income Tax Act Introduction The case of Birla Corporation...
Khushi Infraprojects Pvt. Ltd. v. ITO: Reinforcing the Burden of Proof under Section 68 of the Income Tax Act Introduction The case of Khushi Infraprojects Pvt. Ltd. v. ITO, Ward-4(4), Kolkata...
ITAT Rajkot Establishes Precedent on Section 80P Deduction Despite Late Filing under Section 139(4) Introduction The case of Medi Seva Sahakari Mandali Ltd., Medi, Dist. Amreli v. The ADIT (CPC),...
Acceptance of Genuine Business Loss in Share Trading Against Presumptions of Sham Transactions: AIAT Ahmedabad's Landmark Decision Introduction In the case of Genuine Finance Pvt. Ltd., Ahmedabad v....
Inclusion of All Charges in Determining Arm’s Length Price (ALP) for Captive Power Plants: Sree Rayalaseema Hi Strength Hypo Ltd v. DCIT Introduction The case of Sree Rayalaseema Hi Strength Hypo...