High Court Allows Additional Depreciation for Assets Used Less Than 180 Days in Next Assessment Year.

PCIT Delays Jurisdiction Decision Until Post-Assessment, Contravening Section 124(4) of Income Tax Act.

High Court Dismisses Revenue Appeal; Upholds Project Completion Method for Income Recognition Consistency in Accounting Practices.

Court Cautions Against Casual Tax Recovery from Directors u/s 179; Requires Proof of Company Insolvency First.

High Court Dismisses Revenue's Appeal: Penalty Notice u/s 271(1)(c) Lacked Specificity.

Income from Royalties u/s 9(1)(vi) Examined Against Indo-Spain DTAA; Discrepancy in Definitions Noted.

Court Re-examines Section 54 of Income Tax Act for Multi-Unit Capital Gains Investment in 2015-16 Assessment Year.

Section 147 Reopens Case: Assessee Fails to Prove Purchases, Bogus Transactions Confirmed, Income Additions Upheld.

Court Confirms Additions u/s 68 Due to Lack of Proof on Lender's Creditworthiness and Loan Authenticity.

Taxpayer's Benchmarking Accepted: License Fees for Software Services Found at Arm's Length, Overruling Initial Nil and Ad Hoc Rs. 50 Lakh Determinatio...

Court Rules AO Incorrectly Denied Taxpayer's Claim on Cost of Acquisition for Non-Bonus Debentures.

Taxpayer Eligible for Deduction u/s 80IB Even Without SSI Certificate During Assessment Proceedings.

Court Rules Processed Timber Not Forest Produce; Section 206C(1) TCS Exemption Applies for Manufacturing Use.

No Penalty Imposed for Section 271D Breach: Urgent EPF Payment Justified Cash Deposits Against Section 269SS Rules.

Incorrect Valuation in Transfer Pricing: Authorities Failed to Use Comparable Uncontrolled Transactions for IT Support Services.

Section 271(1)(b) Penalty Waived: Assessee Shows Reasonable Cause for Non-Compliance with Section 142(1) Notice.

Assessees in cheque issuance must prove genuine activities without formal accounts, crucial in money laundering cases.

Court Rules Loan to Shareholder for Company Benefit Not Deemed Dividend Under Income Tax Act Section 2(22)(e.

Exemption Denied: Assessee Fails to Prove Legal Receipt of Foreign Contributions for Expenses Abroad u/s 11.

CIT's Revision u/s 263 Challenged: No Full-Time Requirement for Working Partners in Assessee Firm.