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Digest - Section 251(1)—Powers of (CIT(A)—Enhancement of Income—Allowability of ESOP expenses not earlier considered by AO
Edelweiss Asset Management Ltd. v. Asstt. CIT 2024 TaxPub(DT) 285 (Mum-Trib)
Digest - Section 253(5)—Appeal (Tribunal)—Condonation of delay—Bona fide reason
BVG India Ltd. v. Dy. CIT 2024 TaxPub(DT) 7 (Pune-Trib)
Statutes - Extension of Due Date for Determining Amount Payable as Per Column (3) of Table Specified in Section 90 of Direct Tax Vivad Se Vishwas Scheme, 2024
Circular No. 20/2024, dtd. 30-12-2024 [F. No. 370149/213/2024-TPL]
Digest - Section 263—Revision under section 263—AO after making elaborate enquiries allowed loss under the head “Income form other Sources”—Pr. CIT set aside assessment order—Scope of Limited Scrutiny
Premkumar Menon v. ITO 2024 TaxPub(DT) 1 (Chenn-Trib)
Digest - Section 153A—Search and seizure—Assessment under section 153A —Alleged suppression of jewellery making charges and jewellery wastage claim in manufacturing of jewellery
SCG Exports (P) Ltd. v. Dy. CIT/Asstt. CIT 2024 TaxPub(DT) 26 (Mum-Trib)
Digest - Section 263—Revision under section 263—Erroneous and prejudicial order—Lack of inquiry by AO with respect to non-deduction of tax at source on contract expenses
Jay Khodiyar Majoor SM Ltd. v. Pr. CIT 2023 TaxPub(DT) 7957 (Rkt-Trib)
Digest - Section 270A—Penalty under section 270A—AO imposed penalty for misreporting of income—Validity
Chambal Fertilizers & Chemicals Ltd. v. Office of the Pr. CIT 2024 TaxPub(DT) 132 (Raj-HC) : (2024) 462 ITR 4 (Raj) : (2024) 297 Taxman 168 (Raj)
Digest - Section 270A—Penalty under section 270A—Under-reported or misreported income—Whether under-reported or misreported income, not mentioned in the penalty notice
G.R. Infraprojects Ltd. v. Asstt. CIT 2024 TaxPub(DT) 49 (Raj-HC) : (2024) 470 ITR 382 (Raj) : (2024) 297 Taxman 231 (Raj)
Digest - Section 271(1)(c)—Penalty under section 271(1)(c)—Concealment or furnishing of inaccurate particulars—Absence of any mistake or culpability in the claim of assessee
H.B. Leasing & Finance Co. Ltd. v. Asstt. CIT 2023 TaxPub(DT) 8045 (Del-Trib)
Digest - Section 271D/271E—Penalty under section 271D/271E—Violation of section 269SS/269T—Reasonable cause
Karannur Service Co-op. Bank Ltd. v. ITO 2023 TaxPub(DT) 8064 (Coch-Trib)