ITAT Delhi held that order of the ld. PCIT passed in haste without verification of factual material, as amount alleged was in Crores as against actual transactions in Lakhs, is unsustainable… Read More
Detailed review and analysis of the landmark judgment - Saturday Club Ltd Vs PCIT by Calcutta High Court concerning club income taxation and the principle of mutuality.
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A detailed analysis of the Bombay High Court's judgment in the case of PCIT Vs Dharmanandan Diamonds Pvt. Ltd. regarding the legitimacy of claiming depreciation on revalued assets.
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PCIT Vs Anuj Bansal (Delhi High Court)Approval Under Section 153D Given Without Considering Assessment Records and Seized Material Invalid and Not Curable Under Section 292B of Income Tax Ac… Read More
Analyze the case of PCIT Vs Indravadan Jain, HUF in the Bombay High Court, where the issue of addition u/s 68 for penny stock transactions was examined. Discover how documentary evidence pla… Read More
ITAT Delhi has quashed the revision order in the C. M. Buildcon Pvt. Ltd. vs PCIT case, emphasizing the legitimacy of transactions through proper banking channels. Get insights from the case… Read More
Calcutta High Court held that considering the provisions, order passed u/s 148A(d) is within three years and accordingly, Principal CIT (PCIT) and not the Principal Chief CIT (PCCIT) is 'Spe… Read More
The Bombay High Court has directed the Income Tax Appellate Tribunal (ITAT) to re-consider the addition made on account of bogus purchases in the case of PCIT vs. Nitin Ramdeoji Lohia. The c… Read More
In the case of Smt. Aruna Tiwari Vs. PCIT, the ITAT Raipur ruled that a non-est assessment order cannot be revised by the CIT under Section 263 of the Income Tax Act.
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PCIT Vs Goutam Chakraborty (Calcutta High Court) The case of PCIT Vs Goutam Chakraborty revolves around the seizure of gold and jewelry during a search operation by the assessee, a par… Read More
Read the judgment of Madras High Court in Balaji Super Alloys Vs. PCIT case, condoning a 21-second delay in ITR filing and allowing Section 80IA deduction.
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Explore the case Dariyav Singh Vs ITO. Understand why the Assessing Officer was deemed unfit to rectify the Principal CIT's mistake in form 5 under VSVS Scheme.
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CIT(A) resolved the appeal, considering the TDS credit issue, on 08/05/2019. Therefore, PCIT can't invoke s.263 revision proceedings for the same issue, per Explanation-1(c) to section 263(1… Read More
Delhi High Court held that reopening of assessment liable to be quashed as PCIT simply rubber-stamped the attempt of AO to reopen the assessment without inquiring about various basic issues… Read More
Analyzing the High Court case, ACIT Vs Sun and Sun Inframetric Pvt. Ltd., focusing on the PCIT's ability to exercise revisionary jurisdiction under Section 263.
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An overview of case, Parth Developers vs PCIT, where ITAT rules that PCIT can't invoke Section 263 for a project completion method consistently used by AO.
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Analysis of Delhi HC ruling in PCIT Vs Maharani Enterprises: No TDS deductible on commission payment to non-resident agent overseas. Read the judgment.
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ITAT Delhi held that once a matter has been considered and decided by the ld.CIT(A), the very same issue cannot be the subject matter of consideration at all by PCIT in the revision proceedi… Read More
Analysis of PCIT vs Eltek SGS Pvt Ltd case. Delhi High Court upholds the allowance of depreciation on goodwill arising from an amalgamation despite no cash payment.
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Learn about the judgment of the Jammu & Kashmir and Ladakh High Court in the case of PCIT vs J&K Bank Ltd., where the court ruled that a bank is not obligated to deduct TDS from the… Read More
Analysis of C & E Limited Vs PCIT case on disallowance of deduction u/s 80IC in subsequent years. Examining the legality & Calcutta High Court's decision.
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Allahabad High Court quashes Section 263 order and imposes cost of Rs 10,000 on PCIT for lack of proper opportunity. Analysis of the judgment in M.L. Chains Vs PCIT case.
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Orissa High Court dismisses appeal in PCIT Vs Dimple Murarka, ruling excess stocks should represent income from undisclosed sources.
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ITAT Hyderabad held that law doesn’t permit delegation of authority by PCIT to Assessing Officer (AO) for the purpose of imposition of penalty. Accordingly, direction issued by PCIT to… Read More
ITAT Bangalore held that PCIT duly invoked provisions of section 263 of the Income Tax Act as assessment order was passed by AO without carrying out necessary enquiry/verification.
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ITAT Chennai rules no fresh assessment by CIT if AO chooses not to add on Income Tax. Deepika Subramanian's appeal upheld against PCIT's decision.
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Southern Explosives Company P. Ltd. Vs PCIT (Madras High Court) Introduction: In a significant ruling, the Madras High Court has addressed the issue of excessive tax collection by the Income… Read More
ITAT Pune rules on Sushil Industries' case, asserting that overlooking the sale of scrap is erroneous and jeopardizes revenue. A significant verdict for businesses.
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Explore the key details and implications of ITAT Ahmedabad's ruling on the Shanti Multilink Pvt. Ltd. Vs PCIT case concerning the validity of an assessment order under section 263.
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Analysis of the ITAT Ahmedabad's ruling on Bharatbhai Makwana Vs PCIT. Delving into the implications of incorrect terminologies in tax audit reports relating to granule purchases.
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ITAT Mumbai held that revisionary powers under section 263 of the Income Tax Act rightly invoked by PCIT as order of assessing officer is erroneous and prejudicial to the interest of revenue… Read More
Delhi High Court decides on the admissibility of evidence in PCIT Vs ARN Infrastructure, emphasizing officer authorization & corroborative evidence.
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ITAT Chandigarh rules on treating surrendered income as medical profession income in the case Bharat Vipan Garg Vs PCIT. Dive deep into the judgment details.
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Analysis of the ITAT Mumbai ruling in FDC Limited Vs PCIT. Find out why ITAT quashed the revision order concerning Form 3CM, Form 3CL, and deductions under section 35(1)(i) of the Income Tax… Read More
Analyzing the recent ITAT Delhi ruling in Navneet Bhardwaj Vs PCIT, which nullified a revisionary order under section 263 of the Income Tax Act for AY 2016-17, touching upon the legal intric… Read More
An in-depth analysis of the case between Majestic Properties Pvt. Ltd and PCIT at ITAT Delhi. The case examines the limitations of revisionary power under section 263 based on audit objectio… Read More
Manjula D. Rita Vs PCIT (Bombay High Court) Introduction: In a significant legal decision, the Bombay High Court has ruled on the case of Manjula D. Rita vs. PCIT, addressing the issue of ta… Read More
Discover the Delhi High Court's ruling in the case of PCIT vs. Surya Agrotech Infrastructure Limited regarding undisclosed income taxation and double taxation.
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Explore the case of Raj Kumar Karanwal vs. PCIT (ITAT Delhi) and learn why exercise of revisionary jurisdiction by PCIT may not always be valid when issues have been examined by AO. Dive int… Read More
ITAT Kolkata held that PCIT cannot exercise the revisionary jurisdiction to set aside the assessment where the AO has conducted enquiries and taken a plausible view accepting the contentions… Read More
Read Gujarat High Court's recent ruling in PCIT vs. Jigar Jashwantlal Shah case regarding taxability of allotted shares under Section 56(2)(viic) of Income Tax Act.
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Explore Bhailal Babubhai Patel Vs PCIT case in Gujarat High Court. Learn why a valid show-cause notice is crucial for recovery under Section 179.
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Analysis of Mohler Machine Works Pvt. Ltd. vs. PCIT case. Madras High Court sets aside order by NFAC and PCIT, citing lack of clear findings and directs reassessment. Explore the details.
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This article discusses case of Gayatri Devi vs. PCIT (ITAT Jaipur) regarding Section 263, highlighting importance of genuine errors in assessments.
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Explore Gujarat High Court's judgment on PCIT Vs Swatiben Biharilal Parekh case, examining VSV Scheme and Section 263 of Income Tax Act.
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When you have a child with ADHD (Attention Deficit Hyperactivity Disorder), the twists and turns can be even more challenging. ADHD is a neurodevelopmental disorder that affects millions of… Read More
In the often perplexing world of parenting, one of the most challenging paths to navigate is that of raising a child with ADHD and anxiety. These little warriors are on a unique journey, and… Read More
Explore Gerah Enterprises P. Ltd. Vs. PCIT case where order under Section 263 was quashed for violating CBDT Circular No. 19/2019.
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Explore PCIT vs H.T.L Ltd case - invoking Section 263. Learn about the two crucial conditions, erroneous orders, and revenue impact, in this Delhi High Court judgment
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How to Recover from Director Actions Without Tracing Co. Assets?
Section 179 of the Income Tax Act, 1961, empowers the Tax Recovery Officer (TRO) to recover the tax dues of a private com… Read More
In PCIT vs. Hellmann Worldwide Logistics India Pvt. Ltd case, Delhi High Court upholds appellate authorities' right to choose a different transfer pricing method.
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In Mehra Jewel Palace Pvt Ltd Vs PCIT, the Delhi High Court examines the duty of Assessing Officers to justify disallowance under Section 40A(2)(a) of the Income Tax Act.
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Read Madras High Court's judgment in case of Ramasamy Rajkumar vs. PCIT regarding a deposit reduction to Rs.10 Lakh in a tax appeal. Get insights into decision.
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Learn how the Income Tax Appellate Tribunal restricted the jurisdiction of Section 263 regarding issues not forming part of a limited scrutiny assessment in the case of Aggarwal Promoters Vs… Read More
Sanjeev Kr. Khemka Vs PCIT (ITAT Kolkata) In the case of Sanjeev Kr. Khemka vs. PCIT (ITAT Kolkata), an appeal for the assessment year 2011-12 was made against the order of the Commissioner… Read More
Explore the recent decision of the Madras High Court in Erode District Tractor Owners Association Vs PCIT concerning an order passed under Section 264 of the Income Tax Act, 1961. The court… Read More
Explore the recent Gujarat High Court judgment in PCIT Vs KGY Glass Industries (P) Ltd regarding the denial of concessional tax rate due to a technical glitch in filing Form 10-IC under sect… Read More
The Delhi High Court confirms the annulment of an assessment order in the case of PCIT vs. Anuj Bansal, citing mechanical approval under Section 153D of the Income Tax Act.
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ITAT Delhi's decision regarding applicability of Section 56(2)(vii)(b) to companies before April 1, 2017 in case of Rhythm Polymers Pvt. Ltd. vs. PCIT.
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