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
Commissioner of Income Tax vs. The Instalment Supply Limited: Deciding the Genuineness of Sale-and-Leaseback Transactions and Entitlement to 100% Depreciation under Section 32 of the Income Tax Act, 1961
Facts of the Case
Assessee
Business & Return: The assessee, M/s The Instalment Supply
Limited, filed its return of income for the Assessment Year (AY) 1994-95
on November 30, 1994, declaring a tot...
Heminder Kumari vs. Deputy Commissioner of Income Tax (and Connected Matters) | Validity of Income Tax Assessment and Liberty to Raise Grounds in Appellate Proceedings
Facts of the Case
Consolidated
Batch of Tax Matters: The case before the High Court of Delhi
did not present an isolated grievance but comprised a heavily consolidated
batch of eight distinct writ pet...
Commissioner of Income Tax-II vs. Jindal Dyechem Industries Pvt. Ltd. | Deletion of Section 69A Addition on Unverifiable Cash Sales & Stock Write-Off without Material Evidence
Facts of the Case
The
Assessee, M/s Jindal Dyechem Industries Pvt. Ltd., was engaged in the
wholesale trade of bullion (gold and silver) during the Assessment Year
(AY) 2004–2005.
During
th...
Commissioner of Income Tax-II vs. Jindal Dyechem Industries Pvt. Ltd. – Section 69A Additions for Alleged Understatement of Bullion Sales and Minor Stock Discrepancies Devoid of Material Evidence Set Aside
Facts of the Case
The
Appellant (Revenue/Assessing Officer) framed an assessment for the
Assessment Year (AY) 2004-2005 against the Respondent (Assessee), M/s
Jindal Dyechem Industries Pvt. Ltd., who ...
M/s High Polymer Labs Ltd. vs. Commissioner of Income Tax: Netting of Interest Income and Business Asset Receipts under Section 80HHC of the Income Tax Act
Facts of the Case
The
respondent-assessee, M/s High Polymer Labs Ltd., is a company actively
engaged in export operations.
For
the Assessment Year (AY) 1996-97, the assessee claimed tax deductions
...
Commissioner of Income Tax vs. Career Launcher India Ltd.: Delhi High Court Judgment on Franchisee Fee Sharing under Section 194C and Corporate Tax Deductions
Facts of the Case
Assessee
Profile: The Assessee (Career Launcher India Ltd.) is
a company engaged in providing education and training for competitive
entrance examinations (e.g., IIM, IIT) across Ind...
CIT vs Ansal Properties & Infrastructure Ltd. – Delhi High Court Clarifies Applicability of Section 50 on Sale of Depreciable Assets Forming Part of Block of Assets | AY 1989-90 & 1990-91
Facts of the
CaseThe Revenue preferred appeals before the Delhi High
Court against the orders passed in favour of Ansal Properties &
Infrastructure Ltd. for Assessment Years 1989-90 and 1990-91.For AY 1989-90, the...
Commissioner of Income Tax vs Havells India Ltd. | Delhi High Court | Section 9(1)(vii), Section 40(a)(ia), Section 195 & Section 260A of the Income Tax Act, 1961 | Foreign Technical Testing Fees, Pre-Operative Expenses & Debenture Issue Expenses
Facts of the
CaseHavells India Ltd., engaged in manufacturing
electrical products including switch gears, cables, wires, fans, and lighting
products, made payment of ₹14,71,095 to M/s CSA International, Chicago, USA...
Commissioner of Income Tax-VII v. Shri Karan Khandelwal & Commissioner of Income Tax-III v. Sunil Bedi – Addition under Income Tax Act on Understatement of Consideration in Share Transfer of Property Holding Company
Facts of the CasePrem Shanker Khandelwal (HUF) owned commercial land
situated at Village Sikandarpur Ghosi, Gurgaon. Initially, a Memorandum of
Understanding (MoU) dated 22.03.2000 was entered into with Fashion Flare
...
Commissioner of Income Tax-VII & Commissioner of Income Tax-III vs Shri Karan Khandelwal & Sunil Bedi | Addition on Understated Share Transfer Consideration Upheld | Sections 48 & 52 of Income Tax Act
Facts of the CasePrem Shanker Khandelwal (HUF) owned commercial land
situated at Sikandarpur Ghosi, Gurgaon. Initially, a Memorandum of
Understanding (MOU) dated 22.03.2000 was executed with Fashion Flare
Internationa...