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Bogus Purchases and Estimation of Profit at 6% Instead of 100% Addition Under Section 69C – ITAT Delhi Upholds CIT(A)’s Order | RMS Power Solutions Pvt. Ltd. (AY 2018-19)
The Income Tax Appellate Tribunal, Delhi Bench ‘C’, adjudicated the appeal filed by the Revenue against the order of the Commissioner of Income Tax (Appeals), NFAC, for Assessment Year 2018-19 in the case of RMS Powe...
Ex-Parte Order by CIT(A) Without Proper Opportunity Violates Principles of Natural Justice – ITAT Delhi Remands Matter | Queen Distillers and Bottles Pvt. Ltd. (AY 2022-23)
The Income Tax Appellate Tribunal, Delhi Bench ‘F’, in the case of Queen Distillers and Bottles Pvt. Ltd. v. ITO for Assessment Year 2022-23, examined the validity of an ex-parte appellate order passed by the Commiss...
Section 43B Disallowance Cannot Be Sustained Without Speaking Order: ITAT Delhi Restores Matter to CIT(A) | Landmark Exim Pvt. Ltd. v. DCIT (AY 2020-21)
INCOME TAX APPELLATE TRIBUNAL
DELHI BENCH “E”: NEW DELHIITA No. 5910/Del/2025
(Assessment Year: 2020-21)Landmark Exim Pvt. Ltd, Vs. DCIT,Central Circle-5, DelhiO R D E RPER RENU JAUHRI, AM:
This appeal is filed ...
Trademark Law and Public Health in India: Judicial Application of the Doctrine of Heightened Caution in Look-Alike and Sound-Alike Pharmaceutical Trademarks (Macleods Pharmaceuticals v. Union of India)
How Trademark Law Rewrites Public Health Narratives:- The Indian pharmaceutical market is overcrowded with various ‘sound-alike’ and ‘look-alike’ (LASA)drug names. Not only do these medicines circulate freely in ...
Sales Discount to Stockists Not Commission – No TDS u/s 194H: Mumbai ITAT in Novartis Healthcare (P) Ltd. v. DCIT (TDS) Following Piramal Healthcare (Bom HC)
Sales discount to stockists/wholesalers, not commission, not liable to TDS under section 194H
Mumbai ITAT holds that the transaction between the Assessee (Novartis Healthcare (P) Ltd. - A pharmaceutical trading company)...
TDS Credit Cannot Be Restricted u/s 143(1) When Reflected in Form 26AS: Pune ITAT in ACIT v. Gateway Terminals India Pvt. Ltd. on Section 199 & Rule 37BA
Whether, while processing
the return of income under section 143(1) of the Income-tax Act, 1961, the
Centralised Processing Centre was justified in restricting the credit of tax
deducted at source (TDS) claimed by the...
Representation regarding mechanical issuance of notices and non-consideration of responses under the Faceless Assessment and Faceless Appeal Schemes
ToThe ChairmanCentral Board of Direct TaxesNorth BlockNew Delhi Subject: Representation regarding
mechanical issuance of notices and non-consideration of responses under the
Faceless Assessment and Faceless Appeal...
Overseas Commission to Non-Resident Agents Not Disallowable u/s 37(1): Ahmedabad ITAT in DCIT v. Kewalram Textiles Pvt. Ltd. (AY 2017-18) Relying on CIT v. Toshoku Ltd.
Whether
commission paid by an export-oriented assessee to non-resident agents, for
services rendered outside India, can be disallowed under section 37(1) of the
Income-tax Act, 1961 on the ground of alleged lack of ge...
Non-Compete Fee: Revenue or Capital Expenditure? Supreme Court in Sharp Business System (India) Pvt. Ltd. v. CIT (2025) on Section 37(1), Enduring Benefit Test & Depreciation u/s 32(1)(ii)
Nature of
Expenditure – Non-Compete FeeCapital or
Revenue | Allowability of Depreciation under Section 32(1)(ii) Sharp
Business System (India) Pvt. Ltd. v. Commissioner of Income TaxSupreme
Court | Civil Appea...
Schedule FA Disclosure in ITR Explained: Foreign Assets, ESOPs, RSUs, Dividends & Penalties under Black Money Act | Complete Compliance Guide
Schedule FA
(Foreign Assets) is mandatory for Resident & Ordinarily Resident
(ROR) individuals who hold any foreign asset or foreign income at
any time during the relevant financial year, even if:
Asset is d...