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 -X vs. Smt. Achila Sabharwal | ITA 501/2014 | Delhi High Court Ruling on Depreciation Claim for Cinematographic Films and Distribution Rights under Section 32 & Rule 9B"
Facts of the Case:The appeal involves the Commissioner of Income Tax challenging
the Income Tax Appellate Tribunal’s decision in favor of Smt. Achila Sabharwal,
the respondent, concerning the assessment for the year ...
"Commissioner of Income Tax vs. M/s The Oriental Insurance Co. Ltd. (ITA No. 586/2014): Penalty for Concealment of Chargeable Interest Under Interest Tax Act, 1974 - Assessment Year 1992-93
Facts of the Case:The appellant, Commissioner of Income Tax (CIT),
challenged the decision of the Income Tax Appellate Tribunal (ITAT) that upheld
the order of the Commissioner of Income Tax (Appeals) deleting a penalt...
"Commissioner of Income Tax-IV vs M/S. Faith Biotech Pvt. Ltd. – Tax Deduction Under Section 80-IC for Manufacturing Activities (2014)"
Facts of the Case:In the case of Commissioner of Income Tax-IV vs M/S. Faith
Biotech Pvt. Ltd., the Revenue filed appeals against the
respondent-assessee concerning Assessment Years 2006-07, 2008-09, and 2009-10.
The ...
Commissioner of Income Tax-III vs M/s Spank Hotels Ltd. | Disallowance of Director’s Salary under Section 40A(2)(b) of the Income Tax Act – Delhi High Court
Facts of the CaseThe assessee company filed its return of income for Assessment
Year 2009-10 declaring taxable income of Rs. 4,46,22,010/-.During assessment proceedings, the Assessing Officer observed
that the assessee...
Commissioner of Income Tax-X vs. Smt. Paramjeet Luthra – Deferred Maintenance Income, Matching Principle & Section 68 Addition Deleted | Delhi High Court
Facts of the Case
The
assessee was engaged in liaisoning work relating to supply, installation
and maintenance of medical equipment in government hospitals.
The
assessee received commission income ...
A.T. Kearney India Ltd. vs Income Tax Officer Ward 1(1), New Delhi – Reassessment under Section 148 Cannot Survive When Basis of Reopening Fails | Delhi High Court
Facts of the Case
The
petitioner, A.T. Kearney India Ltd., was issued a notice under Section 148
for reopening assessment for AY 2008-09.
The
reopening was based upon findings recorded during scrut...
Commissioner of Income Tax-VI vs. M/s T.S. Kishan & Co. Ltd. – Addition under Section 68 on Unexplained Cash Credits, Identity, Creditworthiness & Genuineness of Unsecured Loans | Delhi High Court
Facts of the CaseThe assessee, M/s T.S. Kishan & Co. Ltd., filed its return
declaring a loss of ₹44,70,307/-. During scrutiny assessment proceedings, the
Assessing Officer noticed unsecured loans amounting to ₹...
Deepika Jain & Vikas Exports vs Income Tax Appellate Tribunal – Delhi High Court on Validity of ITAT Remand Without Reasons under Sections 131, 69 & 254(2) of Income Tax Act
Facts of the Case
The
appellants jointly purchased property situated at XI/4834/24, Ansari Road,
Daryaganj, New Delhi for Rs.16 lakhs.
Shareholding
in the property was:
Vikas
Exports ...
Director of Income Tax (International Taxation)-II vs Panalfa Autoelektrik Ltd. – Whether Export Commission Paid to Foreign Agent for Procuring Export Orders is Taxable as Fees for Technical Services under Sections 9(1)(vii) & 195 of the Income Tax Act, 1961 | Delhi High Court
Facts of the
CasePanalfa
Autoelektrik Ltd., an Indian company engaged in manufacturing activities in
India, entered into an agreement with a non-resident foreign entity situated in
Liechtenstein for procuring export ...
M/s Influence vs Commissioner of Income Tax – Claim for Higher Deduction under Section 80HHC through Revised Computation During Assessment Proceedings | Delhi High Court
Facts of the CaseThe assessee firm was engaged in the business of manufacture
and export of leather jackets, shoes, sweaters, jeans, bed sheets and other
merchandise. For Assessment Year 1993-94, the assessee filed its...