Tag Archives: Dy. Commissioner of Income-tax

Operational Expenses Carried as CWIP in Books to Meet Network Quality Are Taxable Revenue Deductions under Section 37(1)

By | September 14, 2026
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Operational Expenses Carried as CWIP in Books to Meet Network Quality Are Taxable Revenue Deductions under Section 37(1) Issue Issue I (CWIP Operational Expenses): Whether operational and indirect expenses capitalized in books as Capital Work-in-Progress (CWIP) under Ind-AS 16 (pending attainment of Quality of Service parameters) can be claimed as deductible revenue expenditure under Section… Read More »

Approved Resolution Plan under IBC binds all statutory authorities, extinguishing prior tax claims and terminating pending Income Tax proceedings.

By | September 3, 2026
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Approved Resolution Plan under IBC binds all statutory authorities, extinguishing prior tax claims and terminating pending Income Tax proceedings. Issue Whether an Income Tax Appellate Tribunal (ITAT) is bound by an approved Resolution Plan under Section 31 of the Insolvency and Bankruptcy Code, 2016 (IBC), requiring the dismissal of Revenue’s pending tax appeals and allowing… Read More »

CIT(E) Cannot Dilute Section 12AB Registration Order by Incorporating Caveats Based on Potential Future Supreme Court Challenges

By | August 4, 2026
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CIT(E) Cannot Dilute Section 12AB Registration Order by Incorporating Caveats Based on Potential Future Supreme Court Challenges Issue Whether the Commissioner of Income-tax (Exemption) can validly attach caveats or conditional observations to a Section 12AB registration order based on a potential future Supreme Court challenge after accepting a binding High Court precedent. Facts The assessee-trust… Read More »