Case Summary - Undisclosed Income
Summary and Review of Case Laws on Undisclosed Income u/s 68
Monday, 19 March 2018 15:43
Advance Tax paid Cannot be Treated as payment of tax, surcharge and penalty under PMGK Scheme - Delhi High Court
Published in High Court Cases
Monday, 05 December 2016 15:17
Addition of Unaccounted Income u/s 68 Cannot be made on the basis of Unsigned, Undated Document found during Search - Delhi Tribunal
Published in Tribunal Cases
Wednesday, 30 November 2016 14:44
Taxation of Gifts of Rs. 2.25 Crore - AO Has No Jurisdiction u/s 153A when the Assessment Attained Finality - Mumbai Tribunal
Published in Tribunal Cases
Wednesday, 11 May 2016 13:50
Additional Evidence by Revenue after Assessment Completed Cannot be Admitted - Income tax Act Does Not Provide for Modification of the Order that has Already been Passed - Mumbai Tribunal
Published in Tribunal Cases
Tuesday, 22 March 2016 13:49
Refusal to Grant Registration u/s 80G - Exemption u/s 11 and 12 cannot be denied merely because the activities of the Assessee Trust have resulted in profit or surplus - Delhi Tribunal
Published in Tribunal Cases
Saturday, 05 March 2016 16:30
Validity of Reopening u/s 148 - AO can not mechanically issue notice u/s 148 merely on the basis of information allegedly received from DIT (Inv.) - Delhi Tribunal
Published in Tribunal Cases
Tuesday, 01 March 2016 16:42
Search & Seizure u/s 132 - Addition on the basis of seized documents - When the Assessee offered a plausible explanation, It is not open to the AO to draw an inference on the basis of the projection in the document - Delhi High Court
Published in High Court Cases
Sunday, 14 February 2016 14:11
Reassessment - AO has to, applying his mind to the materials, conclude that he has reason to believe that income of the Assessee has escaped assessment - Delhi Tribunal
Published in Tribunal Cases
Saturday, 10 October 2015 16:22
Section 68 - Undisclosed Income - When purchase of shares is accepted in previous year, the sale of shares in the subsequent year can not be treated as undisclosed income - Delhi Tribunal
Published in Tribunal Cases
Analysis of Transfer Pricing, International Transactions Case Laws
Transfer Pricing Method - Whether Disallowing Claim of Taxpayer by following CUP Legitimate? - Is there a CUP?
The recent practice of the Indian revenue authorities (hereinafter “IRA”) have been notoriously disallowing the claim of the taxpayer towards… Read More
Foreign Travel for expansion is Revenue in nature - Capital Gains cannot be business income when assessee maintains two portfolios - Bombay Tribunal
Business Match Services (I) Pvt. Ltd. vs. DCIT Read More
Transfer Pricing - All You Need to Know about Secondary Adjustments - An Indian Perspective
The concept of arm’s length price is the cornerstone of transfer pricing. It provides that a transaction entered into between… Read More
Transfer Pricing - How to decide Comparables - Parameters suggested by Bangalore Tribunal, Section 10A allowed
GXS India Technology Centre Pvt. Ltd. vs. Income Tax Officer Read More
Expenditure incurred by the assessee on issue of Foreign Currency Convertible Bonds (FCCB) is revenue expenditure - Hyderabad Tribunal
Gati Limited vs. Income Tax Officer Read More
PE Test - Is Fixed place of business @ the disposal of foreign enterprise?
The relevance to determine existence of PE of a foreign enterprise earning income in India cannot be undermined particularly when… Read More
Formula One World Championship has Permanent Establishment and thus it's Income is Taxable in India - Supreme Court
FORMULA ONE WORLD CHAMPIONSHIP LTD vs. CIT Read More
Transfer Pricing - When functionally dissimilar the same should be excluded for benchmarking the international transactions - Mumbai Tribunal
TA Associates Advisory P. Ltd. vs. DCIT Read More
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