Income Tax – JAO vs FAO - Jurisdiction of Jurisdictional Assessing Officer (JAO) to initiate proceedings under Sections 148A and 148 in view of Section 151A and the e-Assessment of Income Escaping Assessment Scheme, 2022 - Petitioners challenged the notices and orders issued under Sections 148A and...
Income Tax – Transfer pricing, Acceptance of internal comparables under TNMM in preference to external comparables - Respondent, engaged in the business of exporting herbal extracts, fine chemicals, speciality chemicals, cosmeceuticals, phytonutrients and probiotics, entered into international trans...
Income Tax – Advertisement and publicity expenditure as international transaction, Computation of loss eligible to be carried forward, TDS/TCS credit of transferor entity on amalgamation – The Appellant, engaged in manufacture, sale and trading of beer, entered into international transactions with i...
Income Tax – Transfer Pricing, Advertisement, Marketing and Promotion expenditure – The AO, on the basis of the order of the Transfer Pricing Officer, made an adjustment to the arm’s length price of international transaction in respect of Advertisement, Marketing and Promotion expenditure by applyin...
Income Tax – Validity of order under section 201 passed in the name of an amalgamated (non-existent) entity despite intimation of amalgamation - Upon the tax audit report, the Appellant was found not to have deducted tax on certain expenses, leading to disallowance under section 40(a)(ia), and proce...