Note: This case summary contains some links to Riverus Research Map. To access these links please sign up or sign in for Free. Forum: ITAT Delhi Case Name: DCIT v. Prominent Realtech (Clubbed with Sunway Realtech) Assessee Lawyer: K Sampath Related Section: 153C Background AO conducted search and seizure on the premises of Triveni Infrastructure Development … Continue reading ITAT Delhi decides a case on when does assumption of jurisdiction under section 153C apply
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
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
Dear friends, As we keep moving through the last quarter of the year, I hope there will be some frenzied work moments for all of us and we will get to do some fantastic work for our clients and stakeholders. After all, it is indeed some of the most challenging and high-intensity work that we … Continue reading Wah! Moments of a legal professional
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
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?
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
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
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?
I do hope that you enjoy reading regular updates from Riverus. A relevant article is a great boon. It reduces the time to decode a complex topic. If organised well, a collection of articles serves as a reference material that you can turn to while solving a client problem. This week too, I have chosen … Continue reading The ‘X’ Factor