Blog Categories
All Posts
Accounting Standard 12
CBDT 1
Chartered Accountant 1
Chartered Engineer 1
Greetings 1
Income Tax Act 2025 0
Labour Law 2
MCA Notification 1
MSME 1
NGO- Trust & Society 0
PLACEMENT 1
Press Information Bureau, Government of India (PIB) 2
RBI & Banks 1
RERA 0
RTI 1
STUDENT ICAI 1
Virtual Webinar 5
Subscribe to Newsletter
Join our subscribers list to get the latest Tax Updates and Opportunities.
Knowledge Portal
Click here to explore deep insights, FAQs, and comprehensive tax guides.
Explore Now
Glaxo Smith Kline Asia Pvt. Ltd. vs Commissioner of Income Tax & Others (Delhi High Court) – Section 245 & Section 244A of the Income Tax Act, 1961 | Refund Adjustment Against Outstanding Tax Demand
Facts of the CaseGlaxo Smith Kline Asia Pvt. Ltd. was engaged in the
manufacture and sale of fast-moving consumer products. The company did not
maintain its own administrative workforce except for a Company Secre...
Commissioner of Income Tax v. M/s Claridges Hotel P. Ltd.: Supreme Judicial Determination on the Leviability of Concealment Penalty u/s 271(1)(c) in Net Assessed Loss Scenarios and the Overriding Impact of Explanation 4 (Post-1976)
Facts of the CaseThe litigation originated from an appellate challenge
initiated by the Revenue (Commissioner of Income Tax) directed against an
unfavorable order passed by the Income Tax Appellate Tribunal (ITAT). The...
Commissioner of Income Tax vs. M/s TEJ Quebecor Printing Ltd. – TDS on Salary under Section 192 Not Applicable Where Salary Was Not Actually Paid | Sections 192, 201(1) & 201(1A) of the Income-tax Act, 1961
Facts
of the CaseThe respondent-company, M/s TEJ
Quebecor Printing Ltd., employed Mr. Lester Garnett, a Canadian national, on a
fixed remuneration package along with perquisites including rent-free
accommodation, car...
Commissioner of Income Tax, Delhi vs M/s Best Boards Ltd. – Penalty under Section 271(1)(c) in Loss Assessment Cases After Insertion of Explanation 4 | Delhi High Court
Facts of the CaseThe Revenue filed an appeal before the Delhi High Court
challenging the order of the Income Tax Appellate Tribunal (ITAT), which had
deleted the penalty imposed under Section 271(1)(c) of the Income-ta...
Siya Nand Gola vs. Commissioner of Income Tax & Ors | Non-Existent Surrender Letter Cannot Justify Unexplained Cash Credit Additions Under Section 68 of the Income Tax Act
Facts
of the CaseThe petitioner, Siya Nand Gola, was
engaged in the business of manufacturing and selling polyester buttons under
the name and style of "Glossy Polyester". During the assessment
proceedings for the as...
Commissioner of Income Tax, Delhi vs. M/S Calorex Holdings P. Ltd. | Validity of Penalty Under Section 271(1)(c) of Income Tax Act, 1961 on Assessed Loss/Minus Figure and Applicability of Explanation 4 Post-1976 Amendment
Facts of the Case
The
Revenue (Commissioner of Income Tax, Delhi) filed an appeal (ITA
1157/2005) against the order of the Learned Income Tax Appellate Tribunal
(ITAT) concerning the respondent-assess...
Commissioner of Income Tax vs. M/s Kavitra Silk & Sarees: Deletion of Section 271(1)(c) Penalty on Bonafide Section 80HHC Claims Based on Chartered Accountant's Report
Facts of the CaseThe respondent-assessee filed its original return of income
claiming a deduction under Section 80HHC of the Income Tax Act, 1961. This
claim was supported by a formal report issued by a Chartered Accou...
Commissioner of Income Tax vs M/s Honeywell Dace India Ltd. (Delhi High Court) – Penalty under Section 271(1)(c) Not Leviable Merely Because Loss Claim Could Not Be Substantiated
Facts of the CaseFor Assessment Year 2001-02, the respondent-assessee filed its
return declaring a loss. The return included a claim relating to loss arising
from the sale of shares.The Assessing Officer disallowed the...
Commissioner of Income Tax vs. M/S NHK Japan Broadcasting Corp. | Section 271C Penalty Deletion for Non-Deduction of TDS under Section 192 on Expatriate Salary: Delhi High Court
Facts
of the Case
The assessee, M/S
NHK Japan Broadcasting Corp., did not deduct tax at source (TDS) under Section
192 of the Income-tax Act, 1961, on the retention money paid outside India to
Japanese expatriates...
Sanjeev Malhotra Vs. The Commissioner of Income Tax: Actual Export and Custom Clearance as Conditions Precedent for Claiming Deduction Under Section 80HHC of the Income Tax Act, 1961
Facts of the Case
For
the Assessment Year 1998-99, the appellant-assessee (Sh. Sanjeev Malhotra)
filed an income tax return declaring an income of ₹11,56,780/- after
claiming a substantial deduction...