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 (Central)-III vs Flex International Pvt. Ltd. & Connected Matters – Delhi High Court on Addition of Share Capital / Accommodation Entries under Income Tax Act
Facts of the
CaseThe Revenue preferred appeals before the Delhi High
Court against various respondent companies concerning additions made during
assessment proceedings in relation to share capital/share application
t...
Commissioner of Income Tax (Central)-III Vs. Anshika Consultants Pvt. Ltd. & Connected Matters | Delhi High Court | Section 68 Income Tax Act | Share Capital, Share Premium, Identity, Creditworthiness & Genuineness of Investors
Facts of the
Case
During Assessment Year 2006-07, the assessee issued shares at
premium ranging between ₹24,000 and ₹39,000.
The Assessing Officer sought details regarding the share
applicants.
T...
Commissioner of Income Tax–IX vs Dapinder Paul Singh | Section 36(1)(iii) Income Tax Act | Allowability of Interest Deduction on Interest-Free Loans Advanced to Sister Concern on Grounds of Commercial Expediency | Delhi High Court
Facts of the CaseThe assessee, Dapinder Paul Singh,
was proprietor of M/s Peninsular Creations, engaged in the business of
export of laminated sheets (Sunmica products). He was also functioning as
Director of M/s Artm...
CBIC Extends Strait of Hormuz Customs Relaxations Till 30 June 2026
CBIC Extends Strait of Hormuz
Customs Relaxations Till 30 June 2026 What happenedThe Central Board of Indirect
Taxes & Customs (CBIC) issued Circular No. 25/2026-Customs dated 14-05-2026
to extend multiple tr...
Commissioner of Income Tax (Central)-I vs. Arvind Khanna & Ors. | Genuineness of Gifts Under Section 68 of Income Tax Act
Facts of the Case·
Sh. Vipin Khanna, the
father of the assessees (Arvind Khanna, Navin Khanna, Aditya Khanna, and Vinita
Singh), remitted varying amounts to his childre...
COMMISSIONER OF INCOME TAX-(CENTRAL)-I vs. NAVIN KHANNA & ORS. | Section 68: Establishing Donor's Creditworthiness
Facts
of the Case
Sh. Vipin Khanna, the father of
the assessees (Navin Khanna, Arvind Khanna, Aditya Khanna, and Vinita
Singh), remitted various amounts to his children across separate
Assessment Yea...
Commissioner of Income Tax (Central)-III vs. Flex International Pvt. Ltd. | Applicability of Lead Judgment in Batch Appeals
Facts of the Case: The Commissioner of Income Tax (Central)-III
filed a batch of Income Tax Appeals—specifically ITA 470/2014, ITA 484/2014,
ITA 518/2014, ITA 523/2014, and ITA 524/2014—before the High Court o...
Commissioner of Income Tax (Central)-III vs Flex International Pvt. Ltd. & Connected Matters | Delhi High Court | Section 68 Income Tax Act – Unexplained Share Capital and Accommodation Entries
Facts
of the CaseThe Commissioner of Income Tax
filed a series of appeals (ITA 470/2014, ITA 484/2014, ITA 518/2014, ITA
523/2014, and ITA 524/2014) against various entities including Flex
International Pvt. Ltd., An...
CIT (Central)-III vs. Flex International Pvt. Ltd. | Deletion of Addition Under Section 68 of the Income Tax Act, 1961
Facts
of the CaseThe present matter
involves a batch of appeals filed by the Revenue Department against the common
orders of the Income Tax Appellate Tribunal (ITAT). During the assessment
proceedings, the Assessing ...
CIT vs. DLF Universal Ltd. | Allowability of Hundi Discounting Charges, Inter-Corporate Advances, and Brokerage | Section 36(1)(iii)
Facts
of the Case·
The assessee, DLF Universal
Ltd., was assessed for the Assessment Year (AY) 1993-94, during which the Assessing
Officer (AO) made four primary addit...