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section 260A

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Assessing Remedies: A Comparative Analysis of Appeals and Revisions for Taxpayers Under Income Tax Act, 1961

Income Tax : Explore remedies for taxpayers under the Income Tax Act, 1961, comparing appeals & revisions. Understand procedures, limitations &...

March 19, 2024 4008 Views 0 comment Print

Section 143(1)(a)(i) intimation not required on commencement of regular Section 143(2) assessment

Income Tax : On commencement of regular assessment proceedings u/s 143(2) of Act , there is no need for intimation u/s 143(1)(a)(i) Where the s...

July 24, 2021 4539 Views 0 comment Print

Substantial Question of Law under section 260A of Income Tax Act, 1961

Income Tax : Substantial question of Law (SQL). On interpretation of section 260A of the Income Tax Act , 1961 and section 100 of the code of c...

July 21, 2021 10416 Views 0 comment Print

Scope of appeals from ITAT orders u/s. 260A of Income-tax Act, 1961 and S. 15 of N.T.T. Act, 2005

Income Tax : A remedy by way of appeal from the orders of ITAT is provided both u/s.260A of the Income-tax Act, 1961 and u/s.15 (w.e.f. 6-1- 20...

December 9, 2009 6125 Views 0 comment Print


Latest Judiciary


Reassessment cannot be based solely on reevaluating existing facts without new substantive material

Income Tax : PCIT Vs Farmson Pharmaceuticals Gujarat Pvt Ltd (Gujarat High Court): Reassessment cannot be solely based on a reevaluation of exi...

July 17, 2024 60 Views 0 comment Print

Subsidiary Cannot claim Expenses Related to Holding Company’s Project

Income Tax : Explore the case of Pipelic Energy Software India Pvt Ltd Vs DCIT at Telangana High Court. Detailed analysis on why subsidiary exp...

July 15, 2024 144 Views 0 comment Print

Gujarat HC on allowability of expenses incurred for clearing mortgage debts

Income Tax : Gujarat High Court allows income tax deduction for payment clearing mortgage, dismissing Revenue’s appeal under section 263. Ful...

July 14, 2024 282 Views 0 comment Print

Section 11(1)(d) Exemption allowable to Corpus donations received by trust

Income Tax : Gujarat High Court ruled on N H Kapadia Education Trust vs ACIT, addressing the corpus donation eligibility for exemption under Se...

July 11, 2024 441 Views 0 comment Print

HC allows Additional Depreciation on Oil Well by treating as ‘Plant & Machinery

Income Tax : Gujarat High Court dismisses Revenue’s appeal in CIT Vs Joshi Technologies, allowing additional depreciation on oil wells u/s 32...

July 8, 2024 234 Views 0 comment Print


Latest Notifications


Allocation of quantities of cotton yarn for export in terms of Policy Circular No.17 dated 10th February 2011

DGFT : All conditions in policy circular no 15 of 1st February 2011 will continue to apply, except the specification about dates and the ...

March 10, 2011 313 Views 0 comment Print


Expense excluded from export turnover to be excluded from total turnover for deduction u/s 10A: ITAT Mumbai

March 26, 2024 249 Views 0 comment Print

ITAT Mumbai held that the expenses excluded from the export turnover have to be excluded from the total turnover as well while computing deduction u/s 10A of the Income Tax Act.

In Transfer pricing associated enterprises can be selected as a tested party: Calcutta HC

March 19, 2024 189 Views 0 comment Print

Calcutta High Court dismisses PCIT’s appeal, reaffirming that the least complex party should be the tested entity in transfer pricing transactions, citing relevant precedents.

Assessing Remedies: A Comparative Analysis of Appeals and Revisions for Taxpayers Under Income Tax Act, 1961

March 19, 2024 4008 Views 0 comment Print

Explore remedies for taxpayers under the Income Tax Act, 1961, comparing appeals & revisions. Understand procedures, limitations & implications for equitable tax dispute resolution.

Personal Expenses Treated as Income, cannot be treated as Loan for Section 269SS

March 9, 2024 807 Views 0 comment Print

Explore the case of DCIT Vs Platinum Towers Pvt. Ltd. (ITAT Delhi) regarding personal expenses treated as income, penalties under Section 269SS, and conclusions on the matter.

No Addition on estimation basis without Rejecting Books of Accounts: Delhi HC

March 9, 2024 2469 Views 0 comment Print

Delhi High Court decrees no income addition without rejecting books of accounts in PCIT Vs Forum Sales Pvt. Ltd., upholding ITAT’s decision.

Payments for marketing services not taxable as FTS: ITAT Bangalore

March 4, 2024 819 Views 0 comment Print

Delve into the detailed analysis of DCIT Vs AD2PRO Media Solutions Pvt. Ltd. case where marketing services rendered by a US entity in India were deemed not taxable, offering insights into tax benefits.

Violation of Companies Act not turn share premium into taxable revenue receipt

February 29, 2024 486 Views 0 comment Print

Bombay High Court ruled that receiving share premium, even if in violation of the Companies Act, doesn’t create taxable income. This case (Shendra Advisory Services P. Ltd. Vs DCIT) clarifies the distinction between capital receipts and income.

3-Year Limit for Tax Reassessment Notice if concealed income below 50 lakh: Jharkhand HC

February 19, 2024 2625 Views 0 comment Print

Explore the Jharkhand High Court judgment limiting tax reassessment period for concealed income below 50 lakh. Detailed analysis of Sevensea Vincom Pvt Ltd vs PCIT case.

Income Tax Addition Upheld for Unverified Cash Loan Creditors: Jharkhand HC

February 14, 2024 294 Views 0 comment Print

Read the detailed analysis of the Jharkhand High Court’s decision upholding income tax additions due to failure in proving the genuineness of creditors providing cash loans.

HSBC Bank in Mauritius exempt from tax in India for bona fide banking business

February 14, 2024 426 Views 0 comment Print

Bombay High Court rules HSBC Bank in Mauritius exempt from tax in India for bona fide banking business, impacting 2011-12 Assessment Year case.

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