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Draft Assessment Order on Non-Existent Entity under Section 144C Invalid: ITAT Mumbai in Vodafone Mobile Services Ltd., VODAFONE MOBILE SERVICES LTD.,AHMEDABAD VS. DCIT, NEW DELHI
The Income Tax Appellate Tribunal, Mumbai Bench, examined
the validity of assessment proceedings initiated under Section 144C of the
Income-tax Act, 1961, where the draft assessment order had been issued in the
name o...
Section 44C Covers Even Exclusive Head Office Expenditure: Supreme Court Overrules ‘Exclusive vs Common’ Distinction – DIT v. American Express Bank Ltd. (2025)
The
Supreme Court of India, in Director of Income-tax (IT)-I, Mumbai v. American
Express Bank Ltd. (Civil Appeal Nos. 8291 of 2015 & 4451 of 2016),
examined the scope and applicability of Section 44C of the Income...
Gift from Brother-in-Law through Banking Channels Not Taxable under Section 56(2)(x): ITAT Kolkata – Deb Prasanna Choudhury v. ADIT/DCIT
The
Income Tax Appellate Tribunal, Kolkata Bench, in Deb Prasanna Choudhury v.
ADIT/DCIT (International Taxation) (ITA No. 2199/KOL/2024), examined the
taxability under Section 56(2)(x) of the Income-tax Act, 1961, of...
TCS under Section 206C(1C) Not Applicable on Compounding Fee for Illegal Mining: Chhattisgarh High Court – Collector Mining, Kanker v. DCIT (TDS)
The
Chhattisgarh High Court, in Collector Mining, Kanker (Deputy Director
Mineral Administration) v. Deputy Commissioner of Income Tax (TDS), Raipur
(Tax Case No. 111 of 2025), examined whether the provisions of Secti...
Section 56(2)(x) on Purchase of Agricultural Land: Mandatory DVO Reference Where Stamp Value is Disputed – Clayking Minerals LLP v. ITO (ITAT Ahmedabad)
The
Income Tax Appellate Tribunal, Ahmedabad Bench, in Clayking Minerals LLP v.
Income Tax Officer (ITA No. 82/Ahd/2025), examined the applicability of
Section 56(2)(x) of the Income Tax Act, 1961, to the purchase of ...
Supreme Court Stays Delhi High Court Ruling on Validity of AAR Order: Notice Issued in AAR v. Tiger Global International II Holdings
The
Supreme Court of India, in Authority for Advance Rulings (Income-tax) v.
Tiger Global International II Holdings (SLP (Civil) Diary No. 1251 of
2025), passed an interim order staying the operation, implementation, ...
Scope of Income-tax Department’s Appellate Powers: Kerala High Court Dismisses Revenue Writ Appeal – ACIT v. Mohammed Salih (2025)
The
Kerala High Court, in Assistant Commissioner of Income-tax v. Mohammed Salih
(WA No. 1413 of 2024), considered a writ appeal filed by the Income-tax
Department challenging the judgment of the learned Single Judge ...
Surcharge on Private Discretionary Trusts Taxed at MMR to Follow Slab Rates: ITAT Applies Special Bench Ruling – Araadhya Jain Trust v. ITO
The
Income Tax Appellate Tribunal, Mumbai (“K” SMC Bench), in Araadhya Jain
Trust v. Income-tax Officer (ITA No. 4272/Mum/2024), examined the correct
rate of surcharge applicable to a private discretionary trust w...
Section 54F Deduction for Private Trusts Assessed as Representative Assessees: ITAT Delhi Affirms Relief – ACIT v. Merilina Foundation
The
Income Tax Appellate Tribunal, Delhi (“E” Bench), in Assistant Commissioner
of Income-tax v. Merilina Foundation (ITA No. 1881/Del/2020 with C.O. No.
110/Del/2022), examined the validity of reassessment procee...
Penalty under Section 271(1)(c) Not Leviable on Estimated Additions: ITAT Mumbai Dismisses Revenue Appeal – ITO v. Spark Diamonds
The appeal filed by the Revenue arose from the
order passed by the National Faceless Appeal Centre under section 250 of the
Income-tax Act, 1961, relating to Assessment Year 2007-08. The impugned
appellate order had d...