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Adv (ca) Vijay Gupta

Latest Posts by Adv (ca) Vijay Gupta

Private Entities Performing Public Functions falls Under Writ Jurisdiction: SC

February 2, 2025 297 Views 0 comment Print

SC ruled private entities performing public functions fall under High Court and SC writ jurisdiction, but private banks like Muthoot Finance aren’t public duty entities.

Key Ruling on Deferred Licensing Fees and Tax Treatment

January 21, 2025 249 Views 0 comment Print

Delhi High Court reviewed the disallowance of ₹7.77 crore royalty expense in AY 2016-17, addressing revenue recognition and matching concepts in income tax appeals.

Notional Income Winding-Up Costs Not Taxable in Transfer Pricing: ITAT Delhi

January 15, 2025 240 Views 0 comment Print

ITAT Delhi clarifies tax treatment for Motricity India: No levy on notional income or closure costs. Insights on Transfer Pricing adjustments and ALP determination.

Victory for Bona Fide Purchaser: Supreme Court Upholds SARFAESI Auction

January 14, 2025 900 Views 0 comment Print

Supreme Court rules in favor of a bona fide auction-purchaser under the SARFAESI Act, emphasizing due diligence and addressing ownership disputes in loan recovery cases.

Delhi HC Upholds RPM for ALP in Burberry India Case

January 8, 2025 1344 Views 0 comment Print

Delhi High Court rules RPM as the best method for ALP in Burberry India transactions. Rejects Revenue’s AMP-based objections, providing clarity on transfer pricing.

Omission of Section 92BA(1) from 1/4/2017 Deems it Nonexistent from Insertion Date

January 7, 2025 297 Views 0 comment Print

Karnataka HC decision on transfer pricing adjustments and Section 92BA amendments in the PCIT vs TT Steel Service India Pvt. Ltd. case.

AO’s Power to Reopen Cases vs. Preventing Arbitrary Exercise of Authority

January 2, 2025 606 Views 0 comment Print

Explore the Bombay High Court’s decision on reassessment under Section 147, balancing tax authority powers with procedural safeguards to ensure fairness and consistency.

Gujarat HC Rejects Anticipatory Bail to Bhupendrasinh Zala of ₹ 6000 Crore Fraud

December 30, 2024 783 Views 0 comment Print

The Gujarat High Court denied bail to Bhupendrasinh Zala over a ₹6,000 crore fraud involving investor funds, citing evidence of large-scale financial misconduct.

Pure Coconut Oil Classified as ‘Edible Oil’ Unless marketed as ‘Hair Oil’: SC

December 28, 2024 1278 Views 0 comment Print

SC holds pure coconut oil as edible oilunder Heading 1513 unless marketed as hair oil. Judgment resolves a 15-year excise duty dispute.

Transfer Price of Goods Sold via AE Allowed Based on ‘Other Method’ Instead of CUP

December 20, 2024 225 Views 0 comment Print

ITAT Mumbai allows Transfer Pricing determination for Rallis India Ltd. using the ‘Other Method’ instead of CUP. Key points on ALP adjustments and deductions.

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