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Income Tax Appellate Tribunal Case Commentaries

Repercussions of Beneficiary Misuse on Section 35(1)(ii) Deductions: Insights from DCIT vs. P.R. Rolling Mills

Repercussions of Beneficiary Misuse on Section 35(1)(ii) Deductions: Insights from DCIT vs. P.R. Rolling Mills

Date: Oct 5, 2022
Repercussions of Beneficiary Misuse on Section 35(1)(ii) Deductions: Insights from DCIT vs. P.R. Rolling Mills Introduction The case of DCIT, Circle-1, Jaipur vs. P.R. Rolling Mills Pvt Ltd., Jaipur...
Tribunal Establishes No Mandatory Timeliness for Section 10AA Deductions in Opto Circuits India Pvt Ltd vs. Income Tax Authorities

Tribunal Establishes No Mandatory Timeliness for Section 10AA Deductions in Opto Circuits India Pvt Ltd vs. Income Tax Authorities

Date: Oct 1, 2022
Tribunal Establishes No Mandatory Timeliness for Section 10AA Deductions in Opto Circuits India Pvt Ltd vs. Income Tax Authorities Introduction The case of Opto Circuits India Pvt Ltd vs. The...
Restricting Revisionary Jurisdiction: ITAT Rules Out CIT's Overreach in Settlement-Based Assessment

Restricting Revisionary Jurisdiction: ITAT Rules Out CIT's Overreach in Settlement-Based Assessment

Date: Sep 30, 2022
Restricting Revisionary Jurisdiction: ITAT Rules Out CIT's Overreach in Settlement-Based Assessment Introduction The case of SIEMENS LTD, MUMBAI v. DCIT 7(2), MUMBAI adjudicated by the Income Tax...
Non-Treatment of Database Access Payments as Royalty under India-USA DTAA: Dow Jones & Company Inc. v. ACIT

Non-Treatment of Database Access Payments as Royalty under India-USA DTAA: Dow Jones & Company Inc. v. ACIT

Date: Sep 30, 2022
Non-Treatment of Database Access Payments as Royalty under India-USA DTAA: Dow Jones & Company Inc. v. ACIT Introduction The Income Tax Appellate Tribunal (ITAT), Delhi Bench, in the case of Dow...
IAAT Rajkot Establishes Precedent on 'Turnover' Calculation for Speculative Transactions under Section 44AB - Sachin Rangari v. ACIT

IAAT Rajkot Establishes Precedent on 'Turnover' Calculation for Speculative Transactions under Section 44AB - Sachin Rangari v. ACIT

Date: Sep 29, 2022
IAAT Rajkot Establishes Precedent on 'Turnover' Calculation for Speculative Transactions under Section 44AB 1. Introduction The case of Sachin Marotrao Rangari v. The ACIT Cir-1, Gandhidham...
Necessity of Incriminating Material for Additions under Section 68 in Completed Assessments: Insights from ACIT,CC-4, Jaipur v. Shri Ramesh Kumar Mantri, Jaipur

Necessity of Incriminating Material for Additions under Section 68 in Completed Assessments: Insights from ACIT,CC-4, Jaipur v. Shri Ramesh Kumar Mantri, Jaipur

Date: Sep 27, 2022
Necessity of Incriminating Material for Additions under Section 68 in Completed Assessments Insights from ACIT,CC-4, Jaipur v. Shri Ramesh Kumar Mantri, Jaipur Introduction The case of ACIT,CC-4,...
Doctrine of Merger in Income Tax Assessments: PARAS KUHAD v. DCIT, Circle-7, Jaipur

Doctrine of Merger in Income Tax Assessments: PARAS KUHAD v. DCIT, Circle-7, Jaipur

Date: Sep 27, 2022
Doctrine of Merger in Income Tax Assessments: PARAS KUHAD v. DCIT, Circle-7, Jaipur Introduction The case of Paras Kuhad versus Deputy Commissioner of Income Tax (DCIT), Circle-7, Jaipur was...
ITAT Upholds Assessee’s Position on Bogus Capital Gains in Maverick Commodity Brokers Case

ITAT Upholds Assessee’s Position on Bogus Capital Gains in Maverick Commodity Brokers Case

Date: Sep 27, 2022
ITAT Upholds Assessee’s Position on Bogus Capital Gains in Maverick Commodity Brokers Case Introduction In the landmark judgment dated September 26, 2022, the Income Tax Appellate Tribunal (ITAT),...
ITAT Amritsar's Landmark Ruling on Section 263 and Section 115BBE Application

ITAT Amritsar's Landmark Ruling on Section 263 and Section 115BBE Application

Date: Sep 22, 2022
ITAT Amritsar's Landmark Ruling on Section 263 and Section 115BBE Application Introduction The case of Shri Avtar Singh Kalsi Through Legal Heir Smt. Kuldeep Kaur, Ferozepur versus Principal...
Consistency in Transfer Pricing Methods: Insights from Mega Soft Limited v. DCIT, Chennai

Consistency in Transfer Pricing Methods: Insights from Mega Soft Limited v. DCIT, Chennai

Date: Sep 22, 2022
Consistency in Transfer Pricing Methods: Insights from Mega Soft Limited v. DCIT, Chennai Introduction The case of Mega Soft Limited v. DCIT, Chennai adjudicated by the Income Tax Appellate Tribunal...
Reinterpreting Rule 128(9) on Foreign Tax Credit: The Sonakshi Sinha v. CIT (A) NFAC Judgment

Reinterpreting Rule 128(9) on Foreign Tax Credit: The Sonakshi Sinha v. CIT (A) NFAC Judgment

Date: Sep 21, 2022
Reinterpreting Rule 128(9) on Foreign Tax Credit: The Sonakshi Sinha v. CIT (A) NFAC Judgment Introduction The case of Sonakshi Sinha, Mumbai v. Commissioner of Income Tax (Appeals), NFAC, Delhi...
DTAA Supremacy Over Domestic Procedures in Claiming Foreign Tax Credit: Anuj Bhagwati v. DCIT

DTAA Supremacy Over Domestic Procedures in Claiming Foreign Tax Credit: Anuj Bhagwati v. DCIT

Date: Sep 21, 2022
DTAA Supremacy Over Domestic Procedures in Claiming Foreign Tax Credit: Anuj Bhagwati v. DCIT Introduction The case of Anuj Bhagwati v. Deputy Commissioner of Income Tax (DCIT), Circle 1(1)(1),...
Document Identification Number (DIN) Compliance in Tax Assessments: Insights from Brandix Mauritius Holdings Limited v. DCIT

Document Identification Number (DIN) Compliance in Tax Assessments: Insights from Brandix Mauritius Holdings Limited v. DCIT

Date: Sep 20, 2022
Document Identification Number (DIN) Compliance in Tax Assessments: Insights from Brandix Mauritius Holdings Limited v. DCIT 1. Introduction The case of Brandix Mauritius Holdings Limited, Mauritius...
Tribunal Upholds FTC Rights Despite Delayed Filing of Form 67 in Accordance with DTAA

Tribunal Upholds FTC Rights Despite Delayed Filing of Form 67 in Accordance with DTAA

Date: Sep 20, 2022
Tribunal Upholds FTC Rights Despite Delayed Filing of Form 67 in Accordance with DTAA Introduction The case of Shashidhar Seetharam Sharma v. Assistant Director of Income Tax Officer, CPC, Bangalore...
Limitations on CIT’s Application of Section 263 in Limited Scrutiny Cases: Shree Aniruddha Upasana Foundation v. CIT, Mumbai

Limitations on CIT’s Application of Section 263 in Limited Scrutiny Cases: Shree Aniruddha Upasana Foundation v. CIT, Mumbai

Date: Sep 20, 2022
Limitations on CIT’s Application of Section 263 in Limited Scrutiny Cases Introduction The case of Shree Aniruddha Upasana Foundation, Mumbai v. CIT (Exemption), Mumbai adjudicated by the Income Tax...
ITAT Jaipur Upholds Foreign Tax Credit Rights Despite Procedural Non-Compliance

ITAT Jaipur Upholds Foreign Tax Credit Rights Despite Procedural Non-Compliance

Date: Sep 16, 2022
ITAT Jaipur Upholds Foreign Tax Credit Rights Despite Procedural Non-Compliance Introduction The case of Ritesh Kumar Garg v. ITO, Wd 4(2), Jaipur addresses the contentious issue of the disallowance...
Expansion of Section 10AA: Recognizing Trading Activities within SEZs for Tax Exemption

Expansion of Section 10AA: Recognizing Trading Activities within SEZs for Tax Exemption

Date: Sep 15, 2022
Expansion of Section 10AA: Recognizing Trading Activities within SEZs for Tax Exemption Introduction The case of Rialto Exim, Mumbai v. ITO 14(3)(4), Mumbai adjudicated by the Income Tax Appellate...
Void Assessment Orders on Merged Entities: Biocon Biologics Limited v. Deputy Commissioner of Income Tax

Void Assessment Orders on Merged Entities: Biocon Biologics Limited v. Deputy Commissioner of Income Tax

Date: Sep 14, 2022
Void Assessment Orders on Merged Entities: Biocon Biologics Limited v. Deputy Commissioner of Income Tax Introduction The case of Biocon Biologics Limited (formerly known as Biocon Biologics India...
Functional Comparability and Capital Expenditure Treatment in Transfer Pricing: Insights from Levi Strauss (India) Pvt. Ltd. v. Income Tax Officer

Functional Comparability and Capital Expenditure Treatment in Transfer Pricing: Insights from Levi Strauss (India) Pvt. Ltd. v. Income Tax Officer

Date: Sep 14, 2022
Functional Comparability and Capital Expenditure Treatment in Transfer Pricing: Insights from Levi Strauss (India) Pvt. Ltd. v. Income Tax Officer Introduction The case of Levi Strauss (India)...
Capital vs. Revenue Receipts: Landmark Judgment in M/s. Insecticides (India) Ltd. v. DCIT

Capital vs. Revenue Receipts: Landmark Judgment in M/s. Insecticides (India) Ltd. v. DCIT

Date: Sep 13, 2022
Capital vs. Revenue Receipts: Landmark Judgment in M/s. Insecticides (India) Ltd. v. DCIT Introduction The case of M/s. Insecticides (India) Ltd., New Delhi v. DCIT, New Delhi deliberated on the...
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