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
Unison Hotels Ltd. vs. Deputy Commissioner of Income Tax: Deletion of Penalty Under Section 271(1)(c) in MAT Assessments
Facts of the Case·
The assessee (Unison Hotels Ltd.) filed
its income tax return for the Assessment Year 2005-06, declaring a loss of Rs.
12.28 crores under the normal ...
COMMISSIONER OF INCOME TAX DELHI-VI VS. TYAGI ANAND & CO. PVT LTD.: Delhi High Court Ruling on Projected Cost of Construction and Section 69B Additions
Facts of the Case·
The respondent-assessee filed a return
for the assessment year 2005-06, which resulted in an assessment order under
Section 143(3) dated 13th Decembe...
Commissioner of Income Tax vs. M/s Express Securities Pvt Ltd | Exemption under Section 10(38) and Conversion of Stock-in-Trade to Investment
Facts
of the Case·
The respondent-assessee, M/s Express
Securities Pvt Ltd., is a registered stock broker dealing in shares on the
Bombay, Delhi, and Calcutta Stock Ex...
All India Management Association vs Director General of Income Tax (Exemptions) – Section 10(23C)(vi), Income Tax Act, Educational Institution Exemption
Facts of the
Case:The All India Management Association (AIMA),
a society registered under the Societies Registration Act, 1860, sought tax
exemption under Section 10(23C)(vi) of the Income Tax Act, 1961. The petitione...
Moongipa Securities Limited vs. Assistant Commissioner of Income Tax & Wealth Tax - Recovery of Predecessor’s Tax and Penalty Liabilities under IT Act, 1961 and WT Act, 1957
Case Facts:Moongipa Securities Limited (Petitioner) challenged
the recovery notices, communications, and penalty orders issued by the
Assistant Commissioner of Income Tax & Wealth Tax (Respondent) for dues
payable...
Commissioner of Income Tax Delhi-VIII vs Ashok Mittal: Classification of Investment Management Fees under Income Tax Act, 1961 – Business Income vs Income from Other Sources
Facts of the
Case
The respondent, Ashok Mittal, operated six sole proprietorship
businesses, primarily conducting share dealings, investment management,
and loan finance under M/s Ashok Mittal & Co.
...
Commissioner of Income Tax vs HCL Employees & Investment Co. Ltd. & Associated Techno Plastics Pvt. Ltd. (2013) DHC 6002 (DB) – Applicability of Section 69B, Income Tax Act 1961 on Share Transactions
Facts of the
Case
HEICL acted as a trustee to sell 12,70,000 shares
of HCL Ltd., originally held by promoters of Microcomp Ltd., to employees
and others. The sale was made at varying rates below market pri...
Hero Honda Motors Ltd vs Additional Commissioner of Income Tax & Hero Motocorp Ltd vs Additional Commissioner of Income Tax - Writ Petition Withdrawal Concerning Special Audit under Income Tax Proceedings
Facts of the
Case
Petitioners Hero Honda Motors Ltd and Hero Motocorp Ltd
had special audits directed under the Income Tax Act.
Writ petitions (W.P.(C) 8684/2010 and W.P.(C) 49/2012) were filed
in Delhi ...
Commissioner of Income Tax vs Shri Ashok Kumar Ralhan - Interpretation of Section 54F and Capital Gains Taxation
Facts of the
Case:The assessee, Shri Ashok Kumar Ralhan, sold
property No. A-173, Kaushambi, Ghaziabad on 5th October 2006 for ₹45,00,000.
Based on stamp duty valuation on circle rates, he declared capital gains of
...
Commissioner of Income Tax vs Virendara Kumar Gupta & Sharad Jain - Section 271AAA, Undisclosed Income, Assessment of AOP Income
Facts of the Case:
The appeals pertain to undisclosed income of Rs. 20 crores surrendered by the
assessee, Virendara Kumar Gupta, during a search under Section 132(4) of the
Income Tax Act. An affidavit by Sharad Jain...