Income Tax Act, 1961 with Section 260-A Archives

Supreme Court Clarifies Taxability of Non-Compete Fees: Shiv Raj Gupta vs. Commissioner of Income-Tax (2020)

Supreme Court Clarifies Taxability of Non-Compete Fees: Shiv Raj Gupta vs. Commissioner of Income-Tax (2020) LEGAL ISSUE: Whether a non-compete fee received by a former managing director is taxable as business income or a capital receipt. CASE TYPE: Income Tax Case Name: Shiv Raj Gupta vs. Commissioner of Income-Tax, Delhi-IV Judgment Date: 22nd July, 2020 […]

Supreme Court Upholds Addition of Unexplained Cash Credits as Income: Vijay Kumar Talwar vs. Commissioner of Income Tax (2010)

December 6, 2010 / Code of Civil Procedure, 1908, D.K. Jain, Income Tax Act, 1961, Income Tax Act, 1961 with Section 254(2), Income Tax Act, 1961 with Section 260-A, Income Tax Act, 1961 with Section 68, Judges, T.S. Thakur

LEGAL ISSUE: Whether the Income Tax Appellate Tribunal’s (ITAT) order was based on sufficient evidence regarding unexplained cash credits, and if the High Court erred in dismissing the appeal for lack of a substantial question of law. CASE TYPE: Income Tax Law Case Name: Vijay Kumar Talwar vs. Commissioner of Income Tax, Delhi [Judgment Date]:

Supreme Court Upholds Addition of Unexplained Cash Credits as Income: Vijay Kumar Talwar vs. Commissioner of Income Tax (2010) Read Post »