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Kapil Dhyani

Kapil Dhyani

Tax Weekly Roundup: November 18 - November 24, 2024

Tax Weekly Roundup: November 18 - November 24, 2024

25 Nov 2024 6:25 PM IST

Incorrect Classification Is Not By Itself Collusion/ Wilful Misstatement U/S 28AAA Customs Act; Prior Determination By DGFT Must: Delhi HC

Incorrect Classification Is Not By Itself Collusion/ Wilful Misstatement U/S 28AAA Customs Act; Prior Determination By DGFT Must: Delhi HC

25 Nov 2024 3:00 PM IST

Concealment Of Income & Furnishing Inaccurate Income Particulars Distinct Grounds For Penalty U/S 271(1)(c) Of IT Act, Cant Be Clubbed: Delhi HC

'Concealment Of Income' & 'Furnishing Inaccurate Income Particulars' Distinct Grounds For Penalty U/S 271(1)(c) Of IT Act, Can't Be Clubbed: Delhi HC

25 Nov 2024 12:15 PM IST

Assessing Officer Not Required To Examine Commercial Expediency Of Transaction When Evaluating Assessees Explanation U/S 68 Of IT Act: Delhi HC

Assessing Officer Not Required To Examine Commercial Expediency Of Transaction When Evaluating Assessee's Explanation U/S 68 Of IT Act: Delhi HC

22 Nov 2024 6:30 PM IST

Recourse To Section 147 Of Income Tax Act Not Barred In Cases Where Assessing Officer Is Empowered To Proceed U/S 153C: Delhi High Court

Recourse To Section 147 Of Income Tax Act Not Barred In Cases Where Assessing Officer Is Empowered To Proceed U/S 153C: Delhi High Court

22 Nov 2024 6:00 PM IST

Transfer Pricing-Assessees Objections On Functional Dissimilarity Not Adjudicated: Delhi HC Asks TPO To Determine Comparable Entity Afresh

Transfer Pricing-Assessee's Objections On 'Functional Dissimilarity' Not Adjudicated: Delhi HC Asks TPO To Determine Comparable Entity Afresh

22 Nov 2024 12:30 PM IST

Putting Together Structure Of Plywood Sheets Cant Be Construed As Constructing Residential House For Claiming Capital Gain Exemption: Delhi HC

Putting Together Structure Of Plywood Sheets Can't Be Construed As Constructing 'Residential House' For Claiming Capital Gain Exemption: Delhi HC

22 Nov 2024 11:05 AM IST

Amount Received By Assessee Under Agreement To Not Carry On Competitive Business Is In Nature Of Capital Receipt, Not Exigible To Tax: Telangana HC

Amount Received By Assessee Under Agreement To Not Carry On Competitive Business Is In Nature Of 'Capital Receipt', Not Exigible To Tax: Telangana HC

21 Nov 2024 8:20 PM IST

Cant Fault AOs Estimation Of Undisclosed Deposits In Foreign Bank When Assessee Fails To Produce Account Statement: Delhi HC

Can't Fault AO's Estimation Of Undisclosed Deposits In Foreign Bank When Assessee Fails To Produce Account Statement: Delhi HC

21 Nov 2024 6:55 PM IST

Purpose & Function Of Product Is Relevant For Classification Under Customs Tariff Heading, Not Tech Used In Such Product: Delhi High Court

Purpose & Function Of Product Is Relevant For Classification Under 'Customs Tariff' Heading, Not Tech Used In Such Product: Delhi High Court

21 Nov 2024 5:30 PM IST

Delhi HC Upholds Denial Of Capital Gain Exemption For Property Described In Sale Deed As “Makaan” But Having Brick-Kiln Construction

Delhi HC Upholds Denial Of Capital Gain Exemption For Property Described In Sale Deed As “Makaan” But Having Brick-Kiln Construction

21 Nov 2024 12:10 PM IST

Allahabad HC Decines Plea Claiming Road Tax Exemption Should Be Allowed For Registration And Not Purchase Of Electric Vehicles In UP

Allahabad HC Decines Plea Claiming Road Tax Exemption Should Be Allowed For Registration And Not Purchase Of Electric Vehicles In UP

21 Nov 2024 10:35 AM IST

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