Shine-Pharmaceuticals-v-DCIT-Ahmedabad-ITAT

Whether the Assessee can claim an amount which was spent on giving gifts to medical practitioners as a deduction?

Case: Shine Pharmaceuticals v. DCIT (Ahmedabad ITAT) Background The assessee did not make employees’ contribution as mandated by the ESIC by the given due date.  The AO added INR 3,79,404 to the assessee’s income due to this non-compliance.The AO further disallowed the expenditure of INR 19,45,443 to be claimed as a deduction. The assessee had … Continue reading Whether the Assessee can claim an amount which was spent on giving gifts to medical practitioners as a deduction?

Bell ceramics part 3

Bell ceramics (Orient Bell Limited) – Part 3

Case: Bell ceramics (Orient Bell Limited) – Part 3, ITAT Surat Note: This case contains some links to Riverus Research Map. To access these links please sign up or sign in. Forum: ITAT SURATMembers:O. P. MeenaAmarjit SinghLawyerBhavin MarfatiaApplicable SectionsSection 145,Section 145A,Section 27,Section 271,Section 271(1),Section 271(1)(c),Section 274,Section 36,Section 36(1)(iii),Section 36(1)(va),Section 36(1)(vii),Section 43B Some cases referred:C. I.T Central-iii Vs M-s Excel … Continue reading Bell ceramics (Orient Bell Limited) – Part 3

Neetaa sunil shah vs income tax officer

Madras High court decides if a writ can be filed if the ITAT has remanded a matter back to the AO, and the AO has exceeded the scope of the remand.

Case: Neetaa Suneel Shah v. Income Tax Officer Background Revenue reopened the assessment for the year 2010-2011 in 2015 for evasion of tax to the tune of about INR 25 lakhs through client code modification.After rejecting the objections of the assessee the AO added the money to income from Short Term Capital Gains.Assessee’s appeal to … Continue reading Madras High court decides if a writ can be filed if the ITAT has remanded a matter back to the AO, and the AO has exceeded the scope of the remand.

DCIT v Prominent Realtech_Riverus Research map case summary

ITAT Delhi decides a case on when does assumption of jurisdiction under section 153C apply

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

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

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

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?

ITAT Visakhapatnam decides: Should royalty payments be aggregated with other international transactions to determine the arm’s length price?

Case: DCIT vs M/s. SNF (India) LtdForum: ITAT Visakhapatnam Listen to the case summary DCIT vs M/s. SNF (India) Ltd, ITAT Visakhapatnam here Note: You must have access to Riverus Research Map for Income Tax to access the links in this article. Email us at hello@riverus.in to try for free. Overview: Judgment date: October 4,2019 … Continue reading ITAT Visakhapatnam decides: Should royalty payments be aggregated with other international transactions to determine the arm’s length price?

Whether tax authorities can ask for forms 15G/15H to be furnished at any time for the purposes of verification?

Case: ACIT v. Telangana Grameen Bank, Hyderabad ITAT Listen to the case summary ACIT v Telangana Grameen Bank, ITAT Hyderabad here Note: You must have access to Riverus Research Map for Income Tax to access the links in this article. Email us at hello@riverus.in to try for free. Background The assesee is a regional rural … Continue reading Whether tax authorities can ask for forms 15G/15H to be furnished at any time for the purposes of verification?