Tiong Woon Project & Contracting (P.) Ltd., In re - [2021] (AAR - Mumbai) 

Applicant-Tiong Woon Project & Contracting (P.) Ltd is a corporation formed in Si...

Pranava Electronics (P.) Ltd. v. DCIT - [2021] (Karnataka) 

Assessee was engaged in the business of manufacturing and trading of electronic goods and developmental activities. ...

CIT v. Shree Ganesh Ventures - [2021] (Madras) 

Assessee purchased scraps from two sundry sellers. Assessment Officer (AO) sent notice pursuant to section 133(6) to one of these ven...

Interactive Avenues (P.) Ltd. v. DCIT - [2021]  (Mumbai - Trib.) 

Assessee made certain payments to Facebook Ireland Limited (FIL) towards the cost of advertis...

PCIT v. Akshit Kumar -[2021] (Delhi) 

Assessee was engaged in the business of textiles. All sales undertaken by assessee were in cash only. Noting such particulars, Reve...

Rajesh Bajaj v. DCIT - [2021] (Allahabad - Trib.) 

Assessee was engaged in the business of dealing in the paper. He filed his return of income and his case was chos...

Vijay Kumar Wanchoo v. ITO - [2021] (Delhi - Trib.) 

The assessment sold two residential flats and purchased one residential flat. Assessee calculated gross amount ...

CIT v. GE Medical Systems (I) (P.) Ltd. - [2021]  (Karnataka) 

Assessee was engaged in the business of manufacturing and marketing of x-ray medical equipment a...

During a search conducted at assessee’s premises, a diary was found. Such a diary had nothing which showed an amount received as consideration for the transfer of property by assessee.  Cons...

Jaya Hind Industries Ltd. v. DCIT (Pune - Trib.) 

Assessee was engaged in the business of manufacturing pressure and gravity die casting, H.T. coils etc. Assessee incurr...

Applicant Honda Motor Company Limited, was a company established under the laws of Japan. It was holding 97.4% shares in its Indian subsidiary (HSCI) which was incorporated to manufacture and sale ...

Assessee’s case was selected for verification of foreign remittance made by it towards demurrage charges. Assessing Officer (AO) was of view that aforesaid payment made by assessee to non-residen...

Assessee was a company incorporated in and was a tax resident of Korea. It was involved in the business of building and operating 4D movie theaters around the globe.  It has entered ...

Assessee-company was incorporated in the USA. It was a tax resident of the USA. Assessee earned income from cloud services including cloud hosting and other supporting and ancillary servi...

During the search conducted at the assessee’s premises, it was found that certain employees have claimed the Leave Travel Concession (LTC) facility, wherein travel to places outside India was als...

Alstom Grid-UK Limited (the Applicant) had filed an application under section 245Q(1) on 05-11-2015. The said request was accepted by vide order dated 30-01-2017.  Later, on 19-09-2019, the Ap...

Assessee filed an application in Form No. 56D for availing exemption under Section 10(23C)(vi). The assessment explained that due to a certain exceptional situation, there was a delay in the comple...

Assessee was engaged in the business of providing vehicles on hire. During scrutiny proceedings Assessing Officer (AO) observed that the assessee had not incurred payment towards drivers. AO held t...

In order to discourage cash transactions and move towards a cashless economy, Section 194N of the Income-tax Act 1961 (ITA) Vide Finance (No 2) Act 2019, which mandates tax withholding on cash...

Assessee filed a return of income and its case was selected for scrutiny. During assessment proceedings, out of provision made by assessee for depreciation on investment,  Assessment Officer (...

The Start-up India campaign introduced by the Prime Minister in January 2016 completed its 5th year in December 2020. The campaign aimed at making India one of the largest Start-up eco-systems in t...

During the assessment proceedings, the Assessing Officer (AO) noticed that Stamp Duty value of the property transferred by assessee was more than its sale consideration.  AO required assessee ...

Assessee was a nationalised bank. During assessment proceedings, revenue submitted that a third partly viz., National Financial Switch and Cash Tree were acting as agents and were collecting charge...

Assessee filed an application seeking issuance of a certificate for nil deduction of tax. In this connection, assessee was asked to provide certain details which were provided by it. The applicatio...

Assessee took a plot on lease for a term of 90 years. It had an option to pay the advanced annual rent on an annual basis or commuted one-time lease lease for the period of lease. Assessee opted fo...

In exercise of power conferred pursuant to paragraph 3 of the Faceless Penalty Scheme, 2021, the Central Board of Direct Taxes (CBDT) has directed that all penalty cases,  

pending as we...

During the scrutiny proceedings, the Assessing Officer (AO) asked the assessee-company to explain remuneration paid to its directors. The assessment furnished the details of remuneration paid to di...

A notice was issued to assess under Section 153A. In response to such a notice the assessee filed a return of income declaring nil income.  

Thereafter, a notice was issued for scru...

Assessee-challenged the assessment orders passed by the Assessing Officer (AO) by assessing income of assessee under section 144 read with section 147 of the Income-tax Act.CIT(A) excused the allur...

Assessee had a factory at Anekal, Bangalore. It decided to shift its operations from a district in the State of Andhra Pradesh. The plot held by the assessee was sold on 26-9-1997 and the sale proc...