Income Tax - Validity of reopening under section 147 on borrowed satisfaction, Share capital and premium received from alleged shell entities - Addition on the basis of the statement of an entry operator - Revenue appealed against orders of CIT(A) quashing reassessment for the same assessment year i...
Income Tax - Revision under section 263, Deductibility of discount on employee stock options as employee compensation under section 37(1), Direction on a new issue not mentioned in show-cause notices, disallowance under section 14A read with Rule 8D, Loans received from companies having common ultim...
Income Tax - Limited Scrutiny, Scope of enquiry by AO beyond the issue for which the case was selected - Appellant, a company engaged in research and manufacture of pharmaceutical, nutraceutical and ayurceutical products, claimed weighted deduction under section 35(2AB) for expenditure on its own ap...
Income Tax - Disallowance under Section 14A read with Rule 8D without recording satisfaction, Depreciation under Section 32 on goodwill, brands and distribution network arising on demerger, Deduction under Section 80G not considered by the AO - Appellant earned dividend income claimed as exempt and...
Income Tax - Denial of concessional tax rate under Section 115BAB on the ground that no tax was computed under the section in the first year of exercise of option - Appellant exercised the option for taxation under section 115BAB by furnishing the prescribed form in an earlier year, in which no inco...