Read the Kerala High Court judgment on income tax assessments involving Sunny Jacob Jewellers. Analysis includes AO’s authority under Section 153A, impact of incriminating materials, and appellate decisions.
Detailed analysis of Dharam Singh Vs PCIT (ITAT Delhi) case where ITAT Delhi ruled that revisionary power can’t be invoked solely on improper inquiry allegations by AO.
Read the full text of the CESTAT Kolkata order on whether Olectra Greentech qualifies for DFIA scheme benefits for importing Lithium Ion Batteries used in agricultural tractors. Detailed analysis and conclusion provided.
Detailed analysis of the ITAT Delhi order on Isha Mago vs ADIT, focusing on the appeal regarding disallowance of foreign tax credit due to late filing of Form 67.
Explore the ITAT Delhi’s ruling in Rameshwar Prasad Shrivastava vs ITO, detailing the disallowance of foreign tax credit due to procedural lapses, implications under DTAA, and judicial precedents.
Diamond Steel Vs State of Up (Allahabad High Court) – Best judgement assessment cannot be resorted to by authorities when adjudication is made under Section 74
Read the detailed Kerala High Court judgment in Poonjar Service Co-Operative Bank Ltd. vs ITO regarding tax assessment for 2018-19 under Section 80P of Income Tax Act. Understand implications and legal analysis.
Bombay High Court ruled that slump sales under Business Transfer Agreements are not taxable as sales of goods under the MVAT Act.
The ITAT Bangalore ruled that income tax additions can’t be based solely on unsubstantiated loose slips, emphasizing the need for corroborative material evidence.
ITAT Jaipur rules that AO’s non-addition of bogus LTCG does not make the order automatically erroneous. Detailed analysis of Vipul Kumar Modi vs PCIT case.
