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
Rambagh Palace Hotels Private Limited vs. Deputy Commissioner of Income Tax: Validity of Reopening Assessment Under Section 147
Facts of the CaseThe petitioner, Rambagh Palace Hotels Private Limited, a
company engaged in the hotel business, had its income tax assessment for the
assessment year 2003-04 completed under Section 143(3). After a lap...
Delhi HC in CIT vs. Kamal Wahal: Section 54F Deduction Allowed for New Residential Property Sourced from Capital Gains but Purchased in Spouse’s Name
Facts of the CaseThe assessee, an individual retired from IOCL, inherited a 50%
share in a residential property located in Vasant Vihar, Delhi, in 2003. During
the financial year ending on March 31, 2008, the assessee ...
Pardesi Developers and Infrastructure Pvt. Ltd. vs. Commissioner of Income Tax Delhi-IV & Ors.: Analysis of Reopening Assessment Under Section 148
Facts of the CaseThe petitioner, Pardesi Developers and Infrastructure Pvt.
Ltd., had its original income tax assessment for the Assessment Year (A.Y.)
2007-08 completed on December 30, 2009, under Section 143(3) of th...
Commissioner of Income Tax-VIII vs. Ajai Shukla: Requirement for Express Findings on Satisfactory Explanations under Section 69 of the Income Tax Act
Facts of the CaseThe revenue (Commissioner of Income Tax) filed an appeal
against the order of the Income Tax Appellate Tribunal (ITAT), which had
deleted an addition of ₹70,18,518/- made by the Assessing Officer (AO...
M/s. Simka Hotels and Resorts Vs. DCIT: Whether Relinquishment of Rights under an MoU is a 'Transfer' of a Capital Asset under Section 2(47)
Facts of the Case
The
Agreement: On February 3, 1997, the petitioner (M/s.
Simka Hotels and Resorts) entered into a Memorandum of Understanding (MoU)
to purchase a residential plot/flat in New Delhi f...
Remfry & Sagar vs. Commissioner of Income Tax: Scope of Reassessment Under Sections 147 and 148 Post Scrutiny vs. Intimation Assessments
Facts of the CaseThe petitioner, M/s Remfry & Sagar, is a renowned law firm
specializing in intellectual property and corporate laws, originally
established in 1827. In October 2000, a private limited company under...
Pioneer Overseas Corporation v/s Additional Director of Income Tax: Parallel Appeals Withdrawn under Section 260A Post-Conclusive Dispute Settlement under Section 90 under India-USA Double Taxation Avoidance Agreement Mutual Agreement Procedure
Facts of the CaseThe appellant, Pioneer Overseas Corporation, had filed a
series of Income Tax Appeals (ITA Nos. 1210/2010, 1211/2010, 1212/2010,
1213/2010, and 1223/2010) before the Hon’ble High Court of Delhi. Subs...
Commissioner of Income Tax, Delhi-IV vs DLF Commercial Developers Ltd. | Delhi High Court on Derivative Trading Loss, Speculative Loss and Applicability of Explanation to Section 73 of Income Tax Act, 1961
Facts of the CaseThe assessee, DLF Commercial Developers Ltd., claimed a loss
of approximately ₹492.71 lakhs arising from purchase and sale transactions
involving derivatives. The assessee contended that such derivat...
Commissioner of Income Tax Delhi-IV vs Delhi Tourism & Transportation Development Corporation Ltd – Deduction under Section 80M of Income Tax Act on Dividend Distribution Not Restricted to Same Assessment Year | Delhi High Court
Facts of the CaseThe respondent assessee, Delhi Tourism & Transportation
Development Corporation Ltd., a domestic company wholly owned by the Government
of NCT of Delhi, filed its return for Assessment Year 1993–...
Replika Press Pvt. Ltd. & Anr. Vs. Assistant Commissioner of Income Tax: Reopening U/s 147 Based on Audit Party’s Interpretation of Section 10B Is an Impermissible Change of Opinion
Facts of the Case
The
petitioner, Replika Press Private Limited, operates a 100% export-oriented
unit (EOU) engaged in manufacturing and exporting printed books.
The
petitioner filed its return of ...