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Ca Ramesh Sankhla

Latest Posts by Ca Ramesh Sankhla

AO Must Refer to DVO Before Rejecting Registered Valuer’s Report – ₹9.24 Cr Addition Deleted

August 14, 2025 1137 Views 0 comment Print

ITAT Delhi ruled that an AO cannot reject a registered valuer’s report without DVO reference, upholding the statutory procedure for property valuation.

Business Payments to Parent Company Not Deemed Dividend: Telangana HC

July 16, 2025 798 Views 0 comment Print

Prasad Film Laboratories Pvt. Ltd. Vs ACIT (Telangana High Court) Payments in Normal Business Course Not Deemed Dividend under Section 2(22)(e): Relief for M/s. Prasad Film Laboratories Pvt. Ltd., Telangana High Court Clears Misapplication of Deemed Dividend Provisions in Inter-Company Business Transactions Background: M/s. Prasad Film Laboratories Pvt. Ltd., a closely held company, filed appeals against […]

Analysis of Undisclosed Incomes under Sections 68 to 69D of Income Tax Act, 1961

June 20, 2025 7251 Views 2 comments Print

A Comprehensive Analysis of Undisclosed Incomes under Sections 68 to 69D of the Income-tax Act, 1961, Taxation of these Incomes Under Section 115BBE and Penalty Provisions under Sections 271AAC & 271AAD With Insights on Explained vs. Unexplained Income, Judicial Precedents & Finance Act, 2025 Amendments 1. Introduction & Legal Context. The robust and equitable functioning […]

ITAT Deletes Unexplained Money Addition: NRI Loan Repayment Held Non-Taxable

June 12, 2025 921 Views 0 comment Print

An assessee’s appeal against a 2018-19 tax assessment regarding unexplained receipts from a foreign loan repayment. This case details the arguments, evidence presented, and the final decision.

Online Gaming Taxation under Income Tax and GST Laws

June 3, 2025 3417 Views 4 comments Print

This comprehensive note endeavours to provide an exhaustive and analytical exposition on the taxation of online gaming in India, covering the legislative background, statutory provisions, key amendments, judicial precedents, administrative circulars, and compliance requirements.

Private Discretionary Trust Created by Will Not Taxable at Maximum Marginal Rate: ITAT Ahmedabad

May 29, 2025 1479 Views 0 comment Print

ITAT Ahmedabad rules a private discretionary trust created by will and being the sole trust is not liable to the maximum marginal rate, applying association of persons rates.

Analysis of Section 194S & Section 115BBH of Income Tax Act, 1961

May 29, 2025 1857 Views 0 comment Print

Indian government introduced a legal tax framework to bring such transactions under regulatory oversight. This move culminated in the insertion of Section 194S and Section 115BBH into the Income Tax Act, 1961 via the Finance Act, 2022, effective from 1st July 2022 and 1st April 2022, respectively.

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