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Vivek Malhotra

Latest Posts by Vivek Malhotra

No addition can be done in case company already strike off from Registrar of companies records

May 15, 2024 540 Views 0 comment Print

Analysis of the case DCIT vs. KCJ Buildtech Pvt. Ltd. (ITAT Delhi) reveals jurisdictional errors due to the company’s strike off from ROC records. 

Section 80IAB Deduction Admissible on Enhanced Profits from Disallowance

May 3, 2024 399 Views 0 comment Print

Understand the significance of deductions under Chapter-VIA of the Income Tax Act in the case of Jubilant Infrastructure Ltd. Vs ACIT (ITAT Delhi).

No section 68 addition for Share Capital Subscription if assessee submits evidence for source of funds

May 2, 2024 681 Views 0 comment Print

In DCIT vs. CDS Infra Projects Limited, ITAT Delhi ruled no addition under section 68 of Income Tax Act if proper evidence for source of share capital subscription is submitted.

No Section 54 Deduction Without basic Amenities: ITAT Delhi

May 2, 2024 2682 Views 0 comment Print

Analysis of ITAT Delhi’s ruling in DCIT vs. Sandeep Hooda clarifies conditions for Income Tax Act 1961 Section 54 deduction eligibility in absence of basic amenities.

Section 80P(2)(d) Deduction: Dividend from Co-op Banks & Credit Society

May 2, 2024 678 Views 0 comment Print

Explore the case of Mahapalika Kshetra Madhyamik Shikshak Sahakari Pat Sanstha Maryadit vs CIT(A) (ITAT Mumbai) regarding deduction under section 80P(2)(d) of the Income Tax Act.

Section 153D approval without application of mind renders Assessment null & void

April 24, 2024 2310 Views 0 comment Print

Assessment order under 1961 Act quashed by Delhi ITAT due to lack of application of mind in approving 153D, rendering the assessment void.

WhatsApp Image Cannot Be the Sole Basis for Additions: ITAT Surat

April 22, 2024 5433 Views 0 comment Print

Discover the significance of Surat ITAT’s ruling on digital evidence in tax cases. Learn how the case of Shanker Nebhumal Uttamchandani v. ACIT sheds light on the use of WhatsApp images in assessments.

CPC Bangalore Income tax department to observe grievance redressal month

April 22, 2024 6654 Views 0 comment Print

Explore the grievance redressal mechanism by CPC Bangalore Income Tax Department. Learn about petition submission methods, officer contacts, and escalation procedures.

Net Direct Tax collections for Financial Year (FY) 2023-24

April 21, 2024 1482 Views 0 comment Print

Net Direct Tax collections (provisional) for Financial Year (FY) 2023-24 exceed Union Budget Estimates by Rs. 1.35 lakh crore i.e. by 7.40%Net Direct Tax collections (provisional) for the FY 2023-24 exceed Revised Estimates by Rs. 13,000 crore

Section 263 Inapplicable if Detailed Enquiry Conducted & No Prejudice to Revenue Interests

April 17, 2024 1092 Views 0 comment Print

Discover the case of Brahmaputra Property Hub Private Limited Vs ITO (ITAT Guwahati) regarding Section 263 of the Income Tax Act, 1961. Learn why detailed inquiry matters.

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