Income Tax - Allowability of loss on sale of block of depreciable assets under Section 41(2) - Appellant, a listed public limited company engaged in manufacturing and exporting CNG cylinders, claimed a deduction towards loss arising on sale of a certain block of depreciable fixed assets under Sectio...
Income Tax - Addition on account of bogus purchases from accommodation entry providers, Restriction of addition to a percentage of the purchases - Revenue’s appeals against the Tribunal’s common order. Respondent is a firm engaged in the business of export, import and manufacturing of cut and polish...
Income Tax – Aggregation of international transactions of provision of support services and receipts from sub-contracts - Appellant, engaged in providing healthcare BPO services, provided support services to its affiliate on cost plus basis with limited risk, while it also provided services to third...
Income Tax – Validity of reassessment proceedings against a company struck off from the Register of Companies – Reassessment proceedings were initiated under the amended provisions of section 147 against the Appellant-company, which was engaged in trading of agri commodities, precious metals and der...
Income Tax – Reassessment order passed after approval of resolution plan by NCLT for a period covered by the plan, Extinguishment of tax liability - The Appellant was subjected to a resolution process under the Insolvency and Bankruptcy Code, 2016 and the NCLT approved the resolution plan, under whi...