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Income Tax Appellate Tribunal Case Commentaries

Limitations on Jurisdictional AO’s Power to Modify Final Assessments and Strict Interpretation of Section 14A Disallowances

Limitations on Jurisdictional AO’s Power to Modify Final Assessments and Strict Interpretation of Section 14A Disallowances

Date: Sep 10, 2022
Limitations on Jurisdictional AO’s Power to Modify Final Assessments and Strict Interpretation of Section 14A Disallowances Introduction The case of Toyota Tsusho India Private Limited, Ramanagara v....
Double Addition of Share Capital Under Sections 68 and 69A: Insights from Steelex India (P) Ltd. v. ITO, Ward-3(2), Kolkata

Double Addition of Share Capital Under Sections 68 and 69A: Insights from Steelex India (P) Ltd. v. ITO, Ward-3(2), Kolkata

Date: Sep 10, 2022
Double Addition of Share Capital Under Sections 68 and 69A: Insights from Steelex India (P) Ltd. v. ITO, Ward-3(2), Kolkata Introduction The case of Steelex India (P) Ltd. v. I.T.O., Ward-3(2),...
Palm Court M Premises Co-operative Society Ltd. v. Principal Commissioner of Income Tax-30: Affirming Deduction Under Section 80P(2)(d)

Palm Court M Premises Co-operative Society Ltd. v. Principal Commissioner of Income Tax-30: Affirming Deduction Under Section 80P(2)(d)

Date: Sep 10, 2022
Palm Court M Premises Co-operative Society Ltd. v. Principal Commissioner of Income Tax-30: Affirming Deduction Under Section 80P(2)(d) Introduction The case of Palm Court M Premises Co-operative...
Tribunal’s Ruling on Timely Filing for Tax Exemption: Insights from Durg Education and Charitable Society v. CIT, Bhopal

Tribunal’s Ruling on Timely Filing for Tax Exemption: Insights from Durg Education and Charitable Society v. CIT, Bhopal

Date: Sep 10, 2022
Tribunal’s Ruling on Timely Filing for Tax Exemption: Insights from Durg Education and Charitable Society v. CIT, Bhopal Introduction In the case of M/s Durg Education and Charitable Society,...
ITAT Bangalore Rules in Favor of Set-Off of Additional Business Income Against Losses in Ragavs Diagnostic Case

ITAT Bangalore Rules in Favor of Set-Off of Additional Business Income Against Losses in Ragavs Diagnostic Case

Date: Sep 10, 2022
ITAT Bangalore Rules in Favor of Set-Off of Additional Business Income Against Losses in Ragavs Diagnostic Case Introduction The case of M/s. Ragavs Diagnostic & Research Centre Private Limited v....
Refinement of Transfer Pricing Adjustments: Devi Sea Foods Limited v. DCIT, Visakhapatnam

Refinement of Transfer Pricing Adjustments: Devi Sea Foods Limited v. DCIT, Visakhapatnam

Date: Sep 10, 2022
Refinement of Transfer Pricing Adjustments: Devi Sea Foods Limited v. DCIT, Visakhapatnam Introduction The case of M/s. Devi Sea Foods Limited versus Deputy Commissioner of Income Tax (DCIT),...
Non-Deduction of TDS on External Development Charges: ITAT Delhi Sets Important Precedent

Non-Deduction of TDS on External Development Charges: ITAT Delhi Sets Important Precedent

Date: Sep 9, 2022
Non-Deduction of TDS on External Development Charges: ITAT Delhi Sets Important Precedent Introduction The case of Sirur Developers Private Limited v. JCIT (TDS), Delhi adjudicated by the Income Tax...
Jurisdictional Validity of Notices under Section 143(2) Income Tax Act: Insights from M/s. Shree Shoppers Ltd. v. DCIT, ITAT Kolkata

Jurisdictional Validity of Notices under Section 143(2) Income Tax Act: Insights from M/s. Shree Shoppers Ltd. v. DCIT, ITAT Kolkata

Date: Sep 9, 2022
Jurisdictional Validity of Notices under Section 143(2) Income Tax Act M/s. Shree Shoppers Ltd. v. DCIT, ITAT Kolkata (2022) Introduction The case of M/s. Shree Shoppers Ltd. versus Deputy...
Estimation of Turnover and Gross Profit in Income Tax Appellate Tribunal: Sagar Tobacco Industries Pvt. Ltd. vs. ACIT, Circle-1(1), Jabalpur

Estimation of Turnover and Gross Profit in Income Tax Appellate Tribunal: Sagar Tobacco Industries Pvt. Ltd. vs. ACIT, Circle-1(1), Jabalpur

Date: Sep 9, 2022
Estimation of Turnover and Gross Profit in Income Tax Appellate Tribunal: Sagar Tobacco Industries Pvt. Ltd. vs. ACIT, Circle-1(1), Jabalpur Introduction The case of M/s. Sagar Tobacco & Industries...
Family Settlement Exempted from Transfer under Section 56(2)(vii): Insights from ACIT Non Corporate Circle 15, Chennai v. Anitha Kumaran

Family Settlement Exempted from Transfer under Section 56(2)(vii): Insights from ACIT Non Corporate Circle 15, Chennai v. Anitha Kumaran

Date: Sep 8, 2022
Family Settlement Exempted from Transfer under Section 56(2)(vii): Insights from ACIT Non Corporate Circle 15, Chennai v. Anitha Kumaran Introduction The case of ACIT Non Corporate Circle 15, Chennai...
ITA Bangalore Upholds Foreign Tax Credit Rights Despite Procedural Delays

ITA Bangalore Upholds Foreign Tax Credit Rights Despite Procedural Delays

Date: Sep 7, 2022
ITA Bangalore Upholds Foreign Tax Credit Rights Despite Procedural Delays 1. Introduction The case of Vinodkumar Lakshmipathi vs. Assistant Director Of Income Tax before the Income Tax Appellate...
ITAT Raipur Enhances Applicability of Section 43B for Employee Contributions under EPF & ESIC

ITAT Raipur Enhances Applicability of Section 43B for Employee Contributions under EPF & ESIC

Date: Sep 6, 2022
ITAT Raipur Enhances Applicability of Section 43B for Employee Contributions under EPF & ESIC Introduction The case of M/s Raj Pipes, Rajnandgaon v. Assistant Commissioner of Income Tax, Circle-1(1),...
Kamal Kumar Sethi v. Assistant Commissioner of Income Tax: Limitation of Limited Scrutiny in Tax Assessments

Kamal Kumar Sethi v. Assistant Commissioner of Income Tax: Limitation of Limited Scrutiny in Tax Assessments

Date: Sep 2, 2022
Kamal Kumar Sethi v. Assistant Commissioner of Income Tax: Limitation of Limited Scrutiny in Tax Assessments Introduction The case of Kamal Kumar Sethi v. Assistant Commissioner of Income Tax, Circle...
Ravikiran Co-operative Credit Society Ltd v. Income Tax Officer: Clarifying Eligibility Under Section 80P

Ravikiran Co-operative Credit Society Ltd v. Income Tax Officer: Clarifying Eligibility Under Section 80P

Date: Sep 2, 2022
Ravikiran Co-operative Credit Society Ltd v. Income Tax Officer: Clarifying Eligibility Under Section 80P Introduction The case of M/s Ravikiran Co-operative Credit Society Limited, Belgundi, Belgavi...
ITAT Ahmedabad Upholds Cooperative Society's Dual Deduction Claims Under Section 80P

ITAT Ahmedabad Upholds Cooperative Society's Dual Deduction Claims Under Section 80P

Date: Sep 1, 2022
ITAT Ahmedabad Upholds Cooperative Society's Dual Deduction Claims Under Section 80P Introduction The case of M/s. Laxmi Bachat Sharafi Sahkari Mandali Ltd., Ahmedabad vs. The Principal Commissioner...
ITAT Jaipur Establishes Precedent on Authenticity of LTCG Transactions and Rejection of Bogus Claims under Income Tax Act Sections 68 & 69C

ITAT Jaipur Establishes Precedent on Authenticity of LTCG Transactions and Rejection of Bogus Claims under Income Tax Act Sections 68 & 69C

Date: Sep 1, 2022
ITAT Jaipur Establishes Precedent on Authenticity of LTCG Transactions and Rejection of Bogus Claims under Income Tax Act Sections 68 & 69C Introduction In the case of Manohar Lal Chugh, Jaipur v....
ITAT Chandigarh Upholds Section 80P Deductions Amidst Late Filing Disputes

ITAT Chandigarh Upholds Section 80P Deductions Amidst Late Filing Disputes

Date: Aug 31, 2022
ITAT Chandigarh Upholds Section 80P Deductions Amidst Late Filing Disputes Introduction The case of The Lanjani Co-Operative Agri Service Society Limited, Kangra v. DCIT, CPC/ITO-Ward-, Dharamshala...
Clarifying the Scope of Section 263: M/s Kinnor Kinnoree v. CIT-X Establishes Limits on Revisional Powers

Clarifying the Scope of Section 263: M/s Kinnor Kinnoree v. CIT-X Establishes Limits on Revisional Powers

Date: Aug 31, 2022
Clarifying the Scope of Section 263: M/s Kinnor Kinnoree v. CIT-X Establishes Limits on Revisional Powers Introduction The case of M/s Kinnor Kinnoree, Kolkata v. Commissioner of Income Tax-X,...
Independent Exercising of Revisional Powers under Section 263: ITAT Jaipur Decision

Independent Exercising of Revisional Powers under Section 263: ITAT Jaipur Decision

Date: Aug 30, 2022
Independent Exercising of Revisional Powers under Section 263: ITAT Jaipur Decision Introduction The case of Om Prakash Agarwal vs. Principal Commissioner of Income Tax, Jaipur-1, adjudicated by the...
Tax Implications on Reinsurance Premiums: Insights from Cholamandalam MS General Insurance Co. Ltd. vs DCIT, Chennai

Tax Implications on Reinsurance Premiums: Insights from Cholamandalam MS General Insurance Co. Ltd. vs DCIT, Chennai

Date: Aug 27, 2022
Tax Implications on Reinsurance Premiums: Insights from Cholamandalam MS General Insurance Co. Ltd. vs DCIT, Chennai Introduction The case of Cholamandalam MS General Insurance Company Limited,...
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