Income Tax Appellate Tribunal Case Commentaries

ITAT Establishes Finality of Block Assessments under Chapter XIV-B

Date: Oct 17, 2002

ITAT Establishes Finality of Block Assessments under Chapter XIV-B Introduction The case of Western India Bakers (P.) Ltd. v. Deputy Commissioner of Income-tax adjudicated by the Income Tax Appellate...

Establishing the Non-Existence of a Partnership Firm in Income Tax Assessments: A Comprehensive Analysis of Faqir Chand Chaman Lal v. Assistant Commissioner of Income-tax

Date: Aug 27, 2002

Establishing the Non-Existence of a Partnership Firm in Income Tax Assessments: A Comprehensive Analysis of Faqir Chand Chaman Lal v. Assistant Commissioner of Income-tax Introduction The case of...

TDS Obligations for Co-operative Banks on Time Deposits Under Section 194A

Date: Aug 15, 2002

TDS Obligations for Co-operative Banks on Time Deposits Under Section 194A Introduction The case of Bhagani Nivedita Sah. Bank Ltd. v. Assistant Commissioner of Income-tax was adjudicated by the...

Tribunal Upholds Deduction for Foreign Exchange Loss Based on Mercantile Accounting – Oil & Natural Gas Corp. Ltd. v. Deputy Commissioner of Income-tax

Date: Aug 2, 2002

Tribunal Upholds Deduction for Foreign Exchange Loss Based on Mercantile Accounting – Oil & Natural Gas Corp. Ltd. v. Deputy Commissioner of Income-tax Introduction The case of Oil & Natural Gas...

Clarifying Interest Deductibility under Section 36(1)(iii): Insights from Meenakshi Synthetics (P.) Ltd. v. CIT

Date: Jun 22, 2002

Clarifying Interest Deductibility under Section 36(1)(iii): Insights from Meenakshi Synthetics (P.) Ltd. v. CIT Introduction The case of Meenakshi Synthetics (P.) Ltd. v. Assistant Commissioner of...

Establishing the Boundaries of Section 115J: Insights from S.A. Builders Ltd. v. Assistant Commissioner of Income-tax

Date: Jun 21, 2002

Establishing the Boundaries of Section 115J: Insights from S.A. Builders Ltd. v. Assistant Commissioner of Income-tax Introduction The case of S.A. Builders Ltd. v. Assistant Commissioner of...

Rebuttable Presumption and Limitation in Penalty Proceedings: Insights from Straptex (India) Pvt. Ltd. v. Deputy Commissioner of Income-tax

Date: May 1, 2002

Rebuttable Presumption and Limitation in Penalty Proceedings: Insights from Straptex (India) Pvt. Ltd. v. Deputy Commissioner of Income-tax Introduction The case of Straptex (India) Pvt. Ltd. v....

Presumption of Undisclosed Income in Section 68: S.P. Goyal v. Deputy Commissioner of Income-tax

Date: Apr 6, 2002

Presumption of Undisclosed Income in Section 68: S.P. Goyal v. Deputy Commissioner of Income-tax Introduction The case of S.P. Goyal v. Deputy Commissioner of Income-tax adjudicated by the Income Tax...

Defining the Boundaries of Prima Facie Adjustments Under Section 143(1)(a): Insights from Assistant Commissioner of Income-tax v. McDowell & Co. Ltd.

Date: Mar 1, 2002

Defining the Boundaries of Prima Facie Adjustments Under Section 143(1)(a): Insights from Assistant Commissioner of Income-tax v. McDowell & Co. Ltd. Introduction The case of Assistant Commissioner...

Ensuring Admissibility of Evidence in Tax Assessments: Insights from Dhunjibhoy Stud v. Deputy Commissioner of Income-tax

Date: Feb 19, 2002

Ensuring Admissibility of Evidence in Tax Assessments: Insights from Dhunjibhoy Stud v. Deputy Commissioner of Income-tax Introduction The case of Dhunjibhoy Stud & Agricultural Farm v. Deputy...

Presumption Under Section 132(4A) and Evidentiary Standards: Insights from Satnam Singh Chhabra v. Deputy Commissioner of Income Tax

Date: Jan 1, 2002

Presumption Under Section 132(4A) and Evidentiary Standards: Insights from Satnam Singh Chhabra v. Deputy Commissioner of Income Tax Introduction The case of Satnam Singh Chhabra v. Deputy...

Narrowing the Scope of 'Fees for Technical Services' under Indo-French DTAA: Exemption for Ancillary Services to Sale of Property

Date: Dec 29, 2001

Narrowing the Scope of 'Fees for Technical Services' under Indo-French DTAA: Exemption for Ancillary Services to Sale of Property Introduction The case of Deputy Commissioner of Income-tax v. ITC...

M.B. Stock Holding (P.) Ltd. v. Assistant Commissioner of Income-tax: Interpretation of Section 2(22)(e) and Accumulated Profits Determination

Date: Dec 28, 2001

M.B. Stock Holding (P.) Ltd. v. Assistant Commissioner of Income-tax: Interpretation of Section 2(22)(e) and Accumulated Profits Determination Introduction The case of M.B. Stock Holding (P.) Ltd. v....

Scope of 'Operation of Aircraft' under DTAA: Tax Implications for Ground Handling and Engineering Services - British Airways Plc v. Deputy Commissioner of Income-tax

Date: Sep 25, 2001

Scope of 'Operation of Aircraft' under DTAA: Tax Implications for Ground Handling and Engineering Services Introduction The case of British Airways Plc. v. Deputy Commissioner of Income-tax (ITA Nos....

Dillu Cine Enterprises v. Additional Commissioner of Income-tax: Landmark Ruling on Section 269SS and Penalty Provisions

Date: Sep 18, 2001

Dillu Cine Enterprises v. Additional Commissioner of Income-tax: Landmark Ruling on Section 269SS and Penalty Provisions Introduction The case of Dillu Cine Enterprises (P.) Ltd. v. Additional...

Taxation of Advance Licence Benefit Receivable: Landmark ITAT Surat Decision

Date: May 23, 2001

Taxation of Advance Licence Benefit Receivable: Landmark ITAT Surat Decision Introduction The case of United Phosphorus Ltd. v. Joint Commissioner of Income-tax, adjudicated by the Income Tax...

Udaipur Distillery Co. Ltd. v. Deputy Commissioner of Income-Tax: Clarifications on Section 43B Deductions and Depreciation of R&D Assets

Date: Mar 31, 2001

Udaipur Distillery Co. Ltd. v. Deputy Commissioner of Income-Tax: Clarifications on Section 43B Deductions and Depreciation of R&D Assets Introduction The case of Deputy Commissioner of Income-tax v....

Estimation of Suppressed Income in Block Assessments: Samrat Beer Bar v. Assistant Commissioner of Income-tax

Date: Jul 22, 2000

Estimation of Suppressed Income in Block Assessments: Samrat Beer Bar v. Assistant Commissioner of Income-tax Introduction The case of Samrat Beer Bar v. Assistant Commissioner of Income-tax...

Validating Tender Contract Assignments for Deductions under Section 80-IA(4A): Ayush Ajay Construction Ltd. Case Commentary

Date: Jul 21, 2000

Validating Tender Contract Assignments for Deductions under Section 80-IA(4A): Ayush Ajay Construction Ltd. v. Income-tax Officer Introduction The case of Ayush Ajay Construction Ltd. v. Income-tax...

Establishing the Boundaries of Block Assessment and Use of Seized Evidence under Section 158BC: A Detailed Analysis of P.R. Patel v. Deputy Commissioner of Income-tax

Date: May 9, 2000

Establishing the Boundaries of Block Assessment and Use of Seized Evidence under Section 158BC: A Detailed Analysis of P.R. Patel v. Deputy Commissioner of Income-tax Introduction The case of P.R....