Tax Publishers Tax Flashes on Income Tax Discussion on Decisions by CA Srivatsan Ranganathan 1st Edition 2025

Tax Publishers Tax Flashes on Income Tax Discussion on Decisions by CA Srivatsan Ranganathan 1st Edition 2025

Tax Publishers Tax Flashes on Income Tax Discussion on Decisions by CA Srivatsan Ranganathan 1st Edition 2025

Only a handful of tax cases that get reported every day are epochal/landmark verdicts. Nonetheless, the facts behind many other decisions are also worthy of attention for their uniqueness. If one wants to understand the best operation of income tax law, then the Income tax Appellate Tribunal (ITAT) decisions happen to be the starting block as they are the last fact-finding body. This fact-finding/recording forms the backbone of these flashes.

Being a tax practitioner, I continue referring to these flashes to find grounds for arguing a case/supporting a stand whensoever required. Thus emerged the thought why not compile these flashes into a book/ electronic edition that serves like a ready reckoner for the benefit of everyone. Afterall, we seek ideas, facts, fitments and points to spin our thread ball of thoughts in our everyday practice.

Most of the cases flashed herein thus are ITAT decisions, with other sparsely sprinkled verdicts. It is quite likely that what has been flashed herein could be only one side of the legal facet and there might be another view on the same certainly. To argue and debate is perfectly human. What one might have thought to be a flash worthy decision also might not find a mention here courtesy; author’s dilemma/omission and I am not immune to it. I would be more than happy for readers to point these omissions.

Flashing tax cases is an ongoing job warranting periodical revision.

Contents of the Book is as follows –

• Agricultural Income
• Amalgamations and Business Combinations
• Cross Border/International Transactions
• Exempt Incomes/Expenditures Disallowances/Reliefs
• Salary Income
• ESOP Taxation
• Income from House Property
• Capital Gains
• Income from Other Sources
• Taxability/Issues on Taxation
• Business Expenditures
• Carry Forward and Set off of  Losses
• Refund/Tax Credits/Interest
• Unexplained Money, Cash Credits, Investments, Expenditure
• Tax Deduction at Source
• Assessment/Rectification/Revision
• Penalties