Blog Categories
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
Deletion of Unexplained Cash Credits Under Section 68: CIT vs. Sophia Finance Ltd. Applied to Pre-Commencement Share Application Money
Facts of the CaseThe case revolves around the assessment year 2001-02, which
was the first year of operation for the respondent/assessee company, prior to
the commencement of its commercial production. During this asse...
Mandating Procedural Fairness: Delhi High Court’s Ruling on the Requirement of Reasoned Speaking Orders under Section 127 of the Income Tax Act in the Matter of Raheja SEZS Limited vs. Commissioner of Income Tax
Facts of the CaseThe petitioners in this matter comprised a group of
corporate entities and individuals, including Raheja SEZS Limited, Raheja
Builders (P) Ltd, and various members of the Raheja family. These entities ...
Challenging the Validity of Income Tax Case Transfer Orders: A Comprehensive Analysis of Raheja SEZS Limited vs. Commissioner of Income Tax Delhi-III and Others Regarding Procedural Fairness and Natural Justice
Facts of the CaseThe petitioners, a group of companies and individuals
including Raheja SEZS Limited, Nirmal Raheja, Navin M. Raheja, and various
Raheja-affiliated entities, initiated a legal challenge against orders p...
Kyungshin Industrial Motherson Ltd. v. Commissioner of Income Tax: Deduction of Running Royalty under Section 37(1) of the Income Tax Act
Facts of the Case
Assessee
Business Profile: The Appellant-Assessee, M/s Kyungshin
Industrial Motherson Ltd., is a 50:50 joint venture between Motherson Sumi
System Limited and Kyungshin Industrial Co...
Commissioner of Income Tax vs. M/s Jay Rapid Roller Ltd. (In Liquidation) | Depreciation on Fixed Assets Without Supporting Purchase Vouchers – Matter Remanded for Fresh Examination | Delhi High Court
Facts of the
Case
The assessee, M/s Jay Rapid Roller Ltd., claimed substantial
depreciation on fixed assets for Assessment Years 1997-98 and 1998-99.
During assessment proceedings, the Assessing Officer requir...
Commissioner of Income Tax vs. Evergrowing Iron & Finvest Ltd.: Deletion of Addition Under Section 68 for Brought Forward Balances
Facts
of the Case·
The present appeal was filed before the
High Court of Delhi under Section 260A of the Income Tax Act, 1961. · &nb...
Commissioner of Income Tax vs. Annu Kishore | Addition on Account of Unexplained Investment Cannot Survive When DVO Valuation Accepted in Co-Owners’ Cases | Delhi High Court
Facts of the
CaseThe Revenue filed an appeal before the Delhi High
Court against the order dated 15.05.2009 passed by the Income Tax Appellate
Tribunal (ITAT), Delhi Bench ‘A’, relating to Assessment Year 1999-200...
CIT v. Kuber Tobacco Products Pvt. Ltd. – Non-Issuance of Notice under Section 143(2) Cannot Be Cured by Section 292BB for Pre-01.04.2008 Assessments | Delhi High Court
Facts of the
CaseA search under Section 132A of the Income Tax Act,
1961 was conducted on 25.01.1999. During the course of the search proceedings,
cash amounting to ₹1,80,000 was seized from the business premises of...
CIT vs Kumar Tobacco Products Pvt. Ltd. – Non-Issuance of Notice under Section 143(2) in Block Assessment Proceedings Cannot Be Cured by Section 292BB for Assessment Years Prior to AY 2008-09 | Delhi High Court
Facts of the
CaseA search under Section 132A of the Income-tax Act,
1961 was conducted on 25.01.1999, pursuant to which cash amounting to ₹1,80,000
was seized from certain business premises of the assessee-company. ...
Commissioner of Income Tax v. Indo Rama Synthetics (I) Ltd. (2010) – Delhi High Court on Sales Tax Subsidy, Section 115JB MAT Computation, Section 80HHC Deduction and Section 234D Interest
Facts of the CaseThe Revenue filed an appeal before the Delhi High Court
under Section 260A of the Income Tax Act, 1961 challenging the order of the
Income Tax Appellate Tribunal (ITAT) in favour of Indo Rama Synthetic...