Case Law – Page 3 – CA Adityavikram Banka

Stock difference should be taxed as business income and not unexplained investment: ITAT Chennai

19 January, 2024 admin

Stock difference should be taxed as business income and not unexplained investment: ITAT Chennai Ethiraj Hotel Mart (ITA No.: 1086/CHNY/2022) Facts: 1. The appellant/assessee operates in the wholesale trading sector, dealing with stainless steel items,

Mere outsourcing of services to Indian subsidiary would not give rise to PE in India: ITAT Delhi

19 January, 2024 admin

Mere outsourcing of services to Indian subsidiary would not give rise to PE in India: ITAT Delhi M/s EXL Service. Com INC (ITA No. 4989/DEL/2014) Facts: 1. Exl India has entered into a service agreement

AO is unjustified in making addition U/S 68 in respect of cash receipts converted into sales: ITAT Chennai

8 January, 2024 admin

AO is unjustified in making addition U/S 68 in respect of cash receipts converted into sales: ITAT Chennai M/s.Sahana Jewellery- Exports Pvt. Ltd. Vs ITO (ITA No.999/Chny/2022) Facts: 1. The taxpayer operates in the gold

Women can be Karta of an HUF: Delhi HC

10 December, 2023 admin

Women can be Karta of an HUF: Delhi HC MANU GUPTA Vs SUJATA SHARMA & ORS (Case No.: RFA(OS) 13/2016 & CM APPL. 6041/2016) Order of the division bench of Justice Suresh Kumar Kait and

Tag: Case Law

Stock difference should be taxed as business income and not unexplained investment: ITAT Chennai

Mere outsourcing of services to Indian subsidiary would not give rise to PE in India: ITAT Delhi

AO is unjustified in making addition U/S 68 in respect of cash receipts converted into sales: ITAT Chennai

Women can be Karta of an HUF: Delhi HC