Income Tax Appellate Tribunal Case Commentaries

Clarification on 'Buyer' Definition under Section 206C: Naresh Kumar & Co. v. Union of India

Date: Feb 23, 2000

Clarification on 'Buyer' Definition under Section 206C: Naresh Kumar & Co. v. Union of India Introduction The case of Naresh Kumar & Co. v. Union of India adjudicated by the Income Tax Appellate...

Shri Mahavir Nagari Sahakari Pat Sanstha Ltd. v. DCIT: Landmark Judgment on Section 68 and 80P for Cooperative Societies

Date: Feb 19, 2000

Shri Mahavir Nagari Sahakari Pat Sanstha Ltd. v. Deputy Commissioner of Income-tax: A Comprehensive Analysis 1. Introduction The case of Shri Mahavir Nagari Sahakari Pat Sanstha Ltd. v. Deputy...

Extent of Assessing Officer’s Power to Estimate Undisclosed Income under Chapter XIV-B: Applicability of Section 145

Date: Jan 28, 2000

Extent of Assessing Officer’s Power to Estimate Undisclosed Income under Chapter XIV-B: Applicability of Section 145 Introduction The case of Khopade Kisanrao Manikrao v. Assistant Commissioner of...

Precedent Established in Assistant Commissioner of Income-tax v. Anima Investment Ltd.

Date: Jan 19, 2000

Understanding the Landmark Decision in Assistant Commissioner of Income-tax v. Anima Investment Ltd. Introduction The case of Assistant Commissioner of Income-tax v. Anima Investment Ltd. adjudicated...

Tribunal Upholds Principles on Evidentiary Standards in Income Tax Assessments: Prarthana Construction (P.) Ltd. v. Deputy Commissioner of Income-tax

Date: Dec 21, 1999

Tribunal Upholds Principles on Evidentiary Standards in Income Tax Assessments: Prarthana Construction (P.) Ltd. v. Deputy Commissioner of Income-tax Introduction In the landmark case of Prarthana...

Unexplained Investments and the Necessity of Corroborative Evidence: Insights from Jagdamba Rice Mills v. Assistant Commissioner of Income-tax

Date: Oct 30, 1999

Unexplained Investments and the Necessity of Corroborative Evidence: Insights from Jagdamba Rice Mills v. Assistant Commissioner of Income-tax Introduction The case of Jagdamba Rice Mills v....

Verma Roadways v. Assistant Commissioner of Income-tax: Reinforcing Legal Standards for Search Authorizations and Notice Validity

Date: Sep 16, 1999

Verma Roadways v. Assistant Commissioner of Income-tax: Reinforcing Legal Standards for Search Authorizations and Notice Validity Introduction The case of Verma Roadways v. Assistant Commissioner of...

Clarifying the Treatment of Notional Interest on Refundable Deposits under Section 23(b): Analysis of J.K. Investors (Bombay) Ltd. v. Deputy Commissioner of Income-tax

Date: Jul 31, 1999

Clarifying the Treatment of Notional Interest on Refundable Deposits under Section 23(b): Analysis of J.K. Investors (Bombay) Ltd. v. Deputy Commissioner of Income-tax Introduction The case of J.K....

Assessment of Undisclosed Income in T.S. Venkatesan v. Assistant Commissioner of Income-tax: A Landmark Judgment

Date: Jul 14, 1999

Assessment of Undisclosed Income in T.S. Venkatesan v. Assistant Commissioner of Income-tax: A Landmark Judgment Introduction The case of T.S. Venkatesan v. Assistant Commissioner of Income-tax...

Pooja Bhatt v. Assistant Commissioner of Income-tax: Rigorous Evaluation of Additions under Section 158BC

Date: Jun 1, 1999

Pooja Bhatt v. Assistant Commissioner of Income-tax: Rigorous Evaluation of Additions under Section 158BC Introduction In the landmark case of Pooja Bhatt v. Assistant Commissioner of Income-tax,...

Necessity of Proper Recording and Linking of Reasons for Reassessment Under Section 148: Jhantala Investments Ltd. v. Assistant Commissioner of Income-tax

Date: May 26, 1999

Necessity of Proper Recording and Linking of Reasons for Reassessment Under Section 148 Introduction The case of Jhantala Investments Ltd. v. Assistant Commissioner of Income-tax adjudicated by the...

Judicial Scrutiny of Reliance on Third-Party Documents for Undisclosed Income Additions: D.N. Kamani (HUF) v. DCIT

Date: May 7, 1999

Judicial Scrutiny of Reliance on Third-Party Documents for Undisclosed Income Additions: D.N. Kamani (HUF) v. Deputy Commissioner of Income-tax 1. Introduction The case of D.N. Kamani (HUF) v. Deputy...

Comprehensive Acceptance of Assessee's Admissions: Insights from Chander Mohan Mehta v. Assistant Commissioner of Income Tax

Date: Jan 14, 1999

Comprehensive Acceptance of Assessee's Admissions: Insights from Chander Mohan Mehta v. Assistant Commissioner of Income Tax Introduction The case of Chander Mohan Mehta v. Assistant Commissioner of...

Tribunal Revokes Additions for Non-Compliance with Section 69: Smt. Neena Syal v. Assistant Commissioner of Income-tax

Date: Sep 22, 1998

Tribunal Revokes Additions for Non-Compliance with Section 69: Smt. Neena Syal v. Assistant Commissioner of Income-tax Introduction The case of Smt. Neena Syal vs. Assistant Commissioner of...

Harsiddh Construction (P.) Ltd. v. Deputy Commissioner of Income-tax: Precedent on Penalty Imposition for TDS Certificate Delays

Date: Sep 12, 1998

Harsiddh Construction (P.) Ltd. v. Deputy Commissioner of Income-tax: Precedent on Penalty Imposition for TDS Certificate Delays Introduction The case of Harsiddh Construction (P.) Ltd. v. Deputy...

Deeming Unsecured Loans as Dividends: Insights from Hyderabad Chemical Products v. Income Tax Officer

Date: Sep 4, 1998

Deeming Unsecured Loans as Dividends: Insights from Hyderabad Chemical Products v. Income Tax Officer Introduction The case of Hyderabad Chemical Products v. Income Tax Officer adjudicated by the...

Jaya S. Shetty v. Assistant Commissioner of Income-tax: Refining the Assessment of Undisclosed Income under Chapter XIV-B

Date: Jul 30, 1998

Jaya S. Shetty v. Assistant Commissioner of Income-tax: Refining the Assessment of Undisclosed Income under Chapter XIV-B Introduction The case of Jaya S. Shetty v. Assistant Commissioner of...

Evidentiary Weight of Section 132(4) Statements and Retractions: Hotel Kiran v. Assistant Commissioner of Income-tax

Date: Feb 21, 1998

Evidentiary Weight of Section 132(4) Statements and Retractions: Hotel Kiran v. Assistant Commissioner of Income-tax 1. Introduction The case of Hotel Kiran v. Assistant Commissioner of Income-tax...

Scope of Section 263: Revisional Jurisdiction Over Income Escaping Assessment – Apollo Tyres Ltd. vs. Assistant Commissioner of Income-Tax

Date: Oct 28, 1997

Scope of Section 263: Revisional Jurisdiction Over Income Escaping Assessment – Apollo Tyres Ltd. vs. Assistant Commissioner of Income-Tax Introduction The case of Apollo Tyres Ltd. v. Assistant...

Judgment Commentary: T.S. Kumarasamy v. Assistant Commissioner of Income-tax

Date: Aug 28, 1997

Judgment Commentary: T.S. Kumarasamy v. Assistant Commissioner of Income-tax Introduction The case of T.S. Kumarasamy v. Assistant Commissioner of Income-tax was adjudicated by the Income Tax...