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 1
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
CBDT e-Filing – ITR-2 Validation Rules (AY 2026-27)
CBDT e-Filing – ITR-2
Validation Rules (AY 2026-27)
(For income earned during FY 2025-26)Version 1.0 | Dated: 26 May
2026ImportantValidation failures are treated as
Category A Errors. If any such error exists, ITR-...
Commissioner of Income Tax, Delhi-II vs Kinetic Capital Finance Ltd. | Section 68 Income Tax Act | Addition of Public Deposits as Unexplained Cash Credits Deleted | Delhi High Court
Facts of the CaseThe assessee, Kinetic Capital Finance Ltd., a
registered NBFC, filed its return of income for Assessment Year 1998-99. During
scrutiny proceedings, the Assessing Officer (AO) examined deposits received...
Classic Papers Converters Pvt. Ltd. vs Commissioner of Income Tax-I, Delhi | Interest under Section 220(2), Penalty under Section 221(1) & Rectification under Sections 154/254 of the Income Tax Act – Delhi High Court
Facts of the
CaseThe petitioner company challenged two show-cause
notices dated 23.12.2005 and 08.12.2006 issued under Section 221(1) of the
Income Tax Act, 1961, and also challenged a rectification order dated
25.01...
Assessee vs Commissioner of Income Tax – Validity of Reassessment Proceedings under Section 148 of the Income-tax Act, 1961 | Delhi High Court
Facts of the Case
The assessee filed appeals before the Delhi High Court.
The principal challenge in the appeals related to the reopening of
assessment under Section 148 of the Income-tax Act, 1961.
The asses...
Assessee v. Commissioner of Income Tax – Challenge to Reassessment Proceedings under Section 148 of the Income-tax Act, 1961 | Delhi High Court | ITA Nos. 1043/2011 & 1045/2011
Facts of the Case
The assessee challenged the reopening of assessment initiated under
Section 148 of the Income-tax Act.
The Income Tax Appellate Tribunal had already granted substantial
relief to the ass...
Beutex India Pvt. Ltd. v. Commissioner of Income Tax – Addition under Section 68 for Bogus Share Capital and Failure to Prove Identity, Creditworthiness and Genuineness | Delhi High Court
Facts of the CaseThe assessee company received share application
money aggregating to ₹27,40,600 from eight individuals. During the relevant
assessment year, an amount of ₹22,50,000 was credited towards share capit...
Nancy Crafts Ltd. vs Commissioner of Income Tax (Delhi High Court) – Reassessment Beyond Four Years Invalid Where Assessee Made Full and True Disclosure Under Sections 147, 148 and 80HHC of the Income Tax Act, 1961
Facts of the CaseNancy Crafts Ltd., engaged in the manufacture and
export of garments, filed its return of income for Assessment Year 2001-02
declaring income of ₹34,63,640.The case was selected for scrutiny and asse...
Raju Bhojwani v. Chief Commissioner of Income Tax-XI | Waiver of Interest under Sections 234B & 234C Cannot Be Claimed Merely Due to Subsequent Supreme Court Interpretation of Section 80HHC | Delhi High Court
Facts of the Case
The petitioner, sole proprietor of Reshmica Exports, filed his
return for Assessment Year 2002-03 claiming deduction under Section 80HHC.
The Revenue initiated reassessment proceedings under S...
M/s Jewellers Om Prakash & Anr. vs Chief Commissioner of Income Tax, Delhi VIII & Ors. | Waiver of Interest u/s 220(2A) Income Tax Act Allowed Due to Departmental Delay and Wrongful Retention of Seized Jewellery
Facts of the CaseThe petitioners, a partnership firm engaged in
jewellery business and one of its partners, challenged the orders passed by the
Chief Commissioner of Income Tax rejecting their application for waiver of...
Commissioner of Income Tax vs Lord Buildcons Pvt. Ltd. | Valuation of Closing Stock (Work-in-Progress) in Real Estate Projects – Section 145 of the Income Tax Act | Delhi High Court
Facts of the CaseThe assessee was engaged in the business of
construction and sale of residential properties. During the relevant assessment
year, it purchased the ground floor of an existing building constructed on a
...