Judge analytics for ITAT, HC and SC in India

The Riverus Advantage Part 3 – Judge Speak

If you are an avid reader, you would in all probability have read the novel 1984 by George Orwell. And if you did, you would remember the concept of Newspeak – a controlled language with restricted grammar and limited vocabulary. In the dystopian reality of the world weaved by the author, Newspeak is a powerful concept. Judge … Continue reading The Riverus Advantage Part 3 – Judge Speak

Bell ceramics (Orient Bell Limited) – Part 2

Bell ceramics (Orient Bell Limited) – Part 2

Case: Bell ceramics (Orient Bell Limited) – Part 2, ITAT Surat Issue: If the raw material is measured in weight and the finished product is measured in volume, can the AO convert the product metric from volume to weight to check for excess usage of raw material? This case has multiple issues, and this case summary relates … Continue reading Bell ceramics (Orient Bell Limited) – Part 2

The Riverus Advantage 2 – Click, Click, Get

Following up on our article from last week, on how we differentiate ourselves from products that operate in the case research space, here’s edition 2. Whenever we speak to our potential customers about Research Map for Income Tax, we invariably hear the expression, “Ah! You are like Taxman (or CTR).” This comparison is very frustrating … Continue reading The Riverus Advantage 2 – Click, Click, Get

Geopetrol International Inc. v. ADIT, Delhi ITAT

Whether assessee, a foreign company, should pay interest u/s 234B on account of non-payment of advance tax?

Case: Geopetrol International Inc. v. ADIT, Delhi ITAT Note: This case contains some links to Riverus Research Map. To access these links please sign up or sign in. Listen to Geopetrol International Inc. v. ADIT, Delhi ITAT summary here. Background This case deals with levying of interest on advance tax and the deduction of tax at … Continue reading Whether assessee, a foreign company, should pay interest u/s 234B on account of non-payment of advance tax?

Bell ceramics (Orient Bell Limited) - Part 1

Bell ceramics (Orient Bell Limited) – Part 1

Case: Bell ceramics (Orient Bell Limited) - Part 1, ITAT Surat Issue: Validity of addition to income on account of higher consumption of raw material This case has multiple issues, and this case summary relates to one of them. Other issues will be covered in parts. Listen to case summary of Bell ceramics (Orient Bell … Continue reading Bell ceramics (Orient Bell Limited) – Part 1

difference between riverus search and other database

The Research Map for Income tax Advantage 1 – Broad Search

Here's a question you may have for us. How is Riverus Research Map different from other research tools for income tax? Before we venture to answer that, we have two questions for you: Have you already bought a smartphone?Have you tried driving an automatic transmission car? If you answered yes to either of the questions, … Continue reading The Research Map for Income tax Advantage 1 – Broad Search

CIT v. Ajay Kumar Gupta, Delhi High Court

Whether the order of ITAT confirming the inapplicability of Section 145(3) while ignoring the AO’s assessment and rejection of the assessee’s books of accounts justified?

Case: CIT v. Ajay Kumar Gupta, Delhi High Court This case is clubbed with CIT v. Rajiv Gupta Listen to the summary of CIT v. Ajay Kumar Gupta, Delhi High Court Note: You must have access to Riverus Research Map for Income Tax to access the links in this article. To get free access, please … Continue reading Whether the order of ITAT confirming the inapplicability of Section 145(3) while ignoring the AO’s assessment and rejection of the assessee’s books of accounts justified?

EMDEE DIGITRONICS PVT LTD vs PR. COMMISSIONER OF INCOME TAX-4

Can AO’s order be termed as erroneous and prejudicial u/s 263 if the assessee has stated transactions are not allowable for deduction but AO has allowed such deductions?

Case: EMDEE DIGITRONICS PVT LTD vs PR. COMMISSIONER OF INCOME TAX-4, ITAT KOLKATA  Listen to the case summary EMDEE DIGITRONICS PVT LTD vs PR. COMMISSIONER OF INCOME TAX-4, ITAT KOLKATA here Background: The assessee's return of income was passed on for reassessment u/s 143(2).After the assessment, the AO passed an order u/s 143(3) of the Income … Continue reading Can AO’s order be termed as erroneous and prejudicial u/s 263 if the assessee has stated transactions are not allowable for deduction but AO has allowed such deductions?