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 2
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
The Commissioner of Income Tax vs. Capital Power Systems Ltd. | Section 132(1) – Validity of Search Warrants in Block Assessment (1989–1999)
Facts of the CaseThe case pertains to block assessments for the period
01.04.1989 to 17.12.1999. Two appeals were filed before the Income Tax
Appellate Tribunal (ITAT):
Assessee’s
appeal claiming invalidity o...
The Commissioner of Income Tax vs Capital Power Systems Ltd – Validity of Search Warrants under Section 132(1) and Retrospective Effect of Finance (No.2) Act, 2009
Facts of the Case
The
case arose from a common order passed by the Income Tax Appellate Tribunal
(ITAT) on 08.02.2008 concerning block assessment for the period 01.04.1989
to 17.12.1999.
Both
...
The Commissioner of Income Tax vs M/S Fizz Drinks Ltd – Determination of Annual Letting Value under Section 23 of the Income Tax Act, 1961 (Assessment Years 1993-94 & 1995-96)
Facts of the CaseThe assessee, M/S Fizz Drinks Ltd, leased 19 flats totaling
16,236 sq. ft. to Usha India Ltd on 31.01.1990 at a rent of ₹1 per sq. ft.,
amounting to ₹1,94,832 per annum. An interest-free security d...
The Commissioner of Income Tax vs M/s Fizz Drinks Ltd – Determination of Annual Letting Value Outside Delhi Rent Control Act under Section 23, Income Tax Act, 1961
Facts of the Case:
The
assessee, M/s Fizz Drinks Ltd, leased 19 flats (16,236 sq. ft.) to Usha
India Ltd on 31.01.1990 at 1 per sq. ft., totaling `1,94,832/- per annum.
An
interest-free security de...
GST on Notice Period Recovery & Employment Bonds: Decoding the Settled Jurisprudence
GST on
Notice Period Recovery & Employment Bonds: Decoding the Settled
JurisprudenceThe
applicability of Goods and Services Tax (GST) on recoveries made from employees
has long been a battleground of confli...
Commissioner of Income Tax vs. Sonal Constructions | Delhi High Court ITA Nos. 1132 & 1152/2007 | Income Tax Matter Under Section 2(1) of the IT Act
Facts of the Case
The
appeals ITA Nos. 1132/2007 & 1152/2007 arise from the common order of
the Assessing Officer, CIT (Appeals), and the ITAT.
ITAT
had disposed of two cross appeals: IT(...
Group Captain J.C. Sen Gupta (Retd.) vs Appropriate Authority, Income Tax Department – Eviction and Tenant Rights under Public Premises (Eviction of Unauthorized Occupation) Act, 1971 and Delhi Rent Control Act, 1956
Facts of the Case:
Petitioner, Group Captain J.C. Sen Gupta (Retd.), had been
occupying a 896 sq. ft. property at Vasant Vihar, New Delhi since 1976 as
a tenant under the Delhi Rent Control Act, 1956.
The...
The Commissioner of Income Tax vs Rajendra Seclease Ltd.: Assessment of Sale Consideration of Unquoted Shares under Section 260A of the Income Tax Act, 1961
Facts of the CaseThe assessee, Rajendra Seclease Ltd.,
engaged in the business of buying and selling shares, filed its income tax
return for the assessment year 2002-03. The company sold 2,255,500 unquoted
equity shar...
C & C Construction Pvt. Ltd. vs Commissioner of Income Tax – Depreciation on Temporary Sheds & Capital vs Revenue Expenditure (Sec. 260A, Income Tax Act, 1961)
Fact of the CaseThe appellant, C & C Construction Pvt. Ltd.,
challenged the order of the Income Tax Tribunal (ITA No. 4000/Del/2007)
relating to Assessment Year 2003-04. The dispute concerned depreciation claimed
...
Maruti Suzuki India Limited vs Deputy Commissioner of Income Tax – Writ Petition on Adjustment of Refunds under Section 245 of the Income Tax Act, 1961
Facts of the
CaseMaruti Suzuki India Limited, the petitioner, sought
a writ against the Deputy Commissioner of Income Tax to restrain recovery of
disputed tax demand for AY 2006-07 pending their appeal before the ITAT...