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Archive: December, 2023

Posts in December, 2023

Delhi HC Dismisses Appeal, Finding No Substantial Question of Law

December 9, 2023 837 Views 0 comment Print

Explore the Delhi High Court judgment in PCIT vs Nirmal Kumar Minda case. Learn how the court dismissed the appeal, emphasizing the absence of substantial questions of law for Assessment Year 2018-19.

SC order on transfer pricing on transfer of power to sister unit, claim of expenses

December 9, 2023 1938 Views 0 comment Print

Explore the key aspects of the CIT vs. Jindal Steel case in the Supreme Court of India. Detailed analysis on transfer pricing, deduction under Section 80 IA, and more.

Supreme Court Clarifies Depreciation Claim: No Deadline on Mode Selection

December 9, 2023 2442 Views 0 comment Print

Explore the landmark Supreme Court judgment on Income Tax Rules regarding depreciation claim. No deadline for choosing mode, only requirement is pre-filing. Details and analysis here.

ITAT Grants Final Opportunity: Remits Unexplained Income Case to CIT(A) for Reexamination

December 9, 2023 771 Views 0 comment Print

Explore the ITAT Mumbai order in the Devang Jitendra Mashru vs ITO case for AY 2010-11. Uncover the addition under section 69 and the final opportunity granted due to transaction information absence.

TDS Deducted by Employer cannot be Recovered from deductee: Delhi HC

December 9, 2023 1536 Views 1 comment Print

Explore Delhi High Court’s ruling on TDS recovery, citing Income Tax Act Section 205. Analysis of Vishesh Khanna Vs DCIT & Ors case. Full judgment details.

HC upheld Section 40A(3) addition in absence of evidence against addition

December 9, 2023 696 Views 0 comment Print

Explore the Kerala High Court judgment in P.V. Thomas Vs ITO, upholding Income Tax Act Section 40 (3) addition. Detailed analysis and implications for assessment year 2015-2016.

CENVAT Credit Disallowance: CESTAT Mumbai Directs Re-adjudication

December 9, 2023 678 Views 0 comment Print

Read the full CESTAT Mumbai order on Hindustan Coca-Cola Beverages’ restoration claim disallowance. Detailed analysis of CENVAT credit issues and re-adjudication directive.

HC dismisses revenue appeal against addition on protective basis as substantive addition deleted

December 9, 2023 1500 Views 0 comment Print

Tribunal dismissed the appeal considering the drop of the substantive addition on merits. The Court, however, found no substantial question of law for consideration, given that the addition in the hands of the respondent/assessee was protective.

Delayed Payment: No Deduction for Employee’s PF & ESIC Contribution

December 9, 2023 3033 Views 0 comment Print

Explore the ITAT Mumbai ruling in KMTC (India) Pvt Ltd vs CIT(A) case. Learn about deductions for employee contributions to PF & ESIC deposited belatedly. Full text included.

Kerala HC stays Recovery Proceedings till disposal of Stay Application or Appeal

December 9, 2023 951 Views 0 comment Print

Read the full text of Kerala High Court’s judgment in Kunnappilly Builders LL.P Vs ACIT, directing a stay on income tax recovery proceedings until the appeal is disposed of.

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