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
Sandeep Khetwani vs. Commissioner of Income Tax: Scope of Writ Jurisdiction Under Article 226 Against Section 264 Revisionary Orders Post-Search Block Assessment
Facts of the Case:During a search and seizure operation conducted on April 18,
2002, a cash sum of $Rs. 3,20,000/-$ was recovered from the possession of the
Petitioner. Following the block assessment, instead of filing...
M/s L.P. Hospitality Pvt. Ltd. v. Assistant Commissioner of Income Tax – Depreciation Restriction on Assets Not Exclusively Used for Business under Sections 32(1) and 38(2) of the Income-tax Act, 1961
Facts of the
Case
The assessee company operated a restaurant and bar business.
During Assessment Year 2001-02, it entered into an arrangement with
M/s Moet’s Kababs.
Under the arrangement, 85% of the daily...
Commissioner of Income Tax, Delhi-XVII vs. M/S Max India Ltd. | Whether Sale of Assets to Employees Below Written Down Value (WDV) Constitutes a Taxable Perquisite Under Section 192 and Section 201 of the Income Tax Act, 1961
Facts of the Case
The
Assessee, M/s Max India Ltd., ran a corporate welfare scheme providing its
officers with company-owned cars and hard furnishing items up to a
designated budget.
Under
th...
Ahluwalia Contracts (I) Ltd. vs. Joint Commissioner of Income Tax (2007) | Levy of Penalty under Section 271(1)(c) for Concealment of Income on Unaccounted Cash Receipts Discovered During Search Operation under Section 132 | Delhi High Court Case Law Analytics
Facts of the Case
Assessee’s
Business: The Appellant, M/s Ahluwalia Contracts (I)
Ltd., is a company engaged in the business of construction.
Search
& Seizure: A search operation under Section...
Commissioner of Income Tax, Delhi-VI vs Usha Stud Agricultural Farms Ltd. (2008) – Deletion of Addition under Section 68 for Opening Credit Balance | Section 68 & Section 260A of the Income-tax Act, 1961
Facts of the CaseThe assessee, Usha Stud Agricultural Farms Ltd.,
filed its return of income for Assessment Year 1999-2000. During reassessment
proceedings conducted under Sections 143(3) and 147 of the Income-tax Act,...
Commissioner of Income Tax v. S.M. Aggarwal: Evidentiary Value of Dumb Documents and the Right to Cross-Examination under Section 132(4A) of the Income Tax Act
Facts of the Case
A
search and seizure operation under Section 132 of the Income Tax Act,
1961, was conducted on April 21, 1998, at the residence of the Assessee,
Mr. S.M. Aggarwal.
During
th...
Sawhney Rubber Industries v. Commissioner of Income Tax XII (2007) | Writ Petition Under Article 226 of the Constitution of India Challenging High-Pitched Conditional Pre-Deposit Orders for Stay of Demand Under the Income Tax Act, 1961
Facts of the CaseThe Petitioner, Sawhney Rubber Industries, was aggrieved by an
interim administrative or quasi-judicial direction issued by the income tax
authorities regarding a substantial outstanding tax demand. Fo...
Maruti Udyog Limited & Anr. Vs. Deputy Commissioner of Income Tax & Anr. (2007:DHC:8761-DB) | High Court of Delhi Mandates Independent Disposal of Stay Applications under Section 220 / Section 264 of Income Tax Act, 1961 Regardless of Parallel Administrative Orders and Grants Conditional Stay on Multi-Crore Tax Demands
Facts of the Case
The
Petitioners (Maruti Udyog Limited & Anr.) approached the High Court
via Writ Petitions [W.P.(C) 442/2007 and W.P.(C) 2366/2007] challenging
aggressive, coercive recovery acti...
Commissioner of Income Tax versus M s LG Electronics India Private Limited Delhi High Court Judgment on Interest Income and Foreign Exchange Fluctuation ITA 811 2008
Facts of the CaseThe Revenue challenged the Income Tax Appellate Tribunal order
regarding the assessment year 1998 99 for the assessee M s LG Electronics India
Private Limited. The dispute involved two primary issues f...
M/s. Sahkar Enterprises P. Ltd. Vs. Commissioner of Income Tax: Deciding on Understatement of Flat Sale Consideration Bifurcated as Share Transfers and Concurrent Findings of Fact Under Section 260A of the Income Tax Act
Facts of the Case
Company
Ownership Transfer: M/s. Sahkar Enterprises P. Ltd. (the
Assessee) was originally promoted by Shri Om Prakash Jain and his family.
In 1989, control and management were transf...