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
Commissioner of Income Tax vs. M/s Uberoi Sons (Machines) Ltd. – Delhi High Court on Deductibility of Expenditure and Applicability of Income Tax Provisions in Connected Appeals under the Income Tax Act
Facts of the Case
The
Revenue preferred multiple appeals against the respondent company under
the Income Tax Act.
The
appeals involved questions arising from tax treatment and related issues
...
Commissioner of Income Tax v. M/s Uberoi Sons (Machines) Ltd. – Taxability of Mesne Profits, Reassessment under Section 147 and Accrual of Rental Income under Sections 23 & 25B of the Income Tax Act
Facts of the Case
The
assessee company was engaged in the real estate business and earned rental
income from commercial properties.
The
lease agreement with Oriental Bank of Commerce expired on 31....
Commissioner of Income Tax vs M/s Uberoi Sons (Machines) Ltd. – Delhi High Court on Tax Appeal Dismissal Following Earlier Judicial Determination under Income Tax Act
Facts of the Case
The
Commissioner of Income Tax preferred multiple appeals being ITA
Nos.168/2006, 243/2006, and 778/2006 before the Delhi High Court.
The
respondent in the matter was M/s Uberoi S...
Commissioner of Income Tax v. Kedar Nath Gupta, Asha Kedar Nath Gupta, Mani Kakkar & Others – Delhi High Court on Evidentiary Value of Retracted Statements, Undisclosed Investment and Capital Gains under Sections 158BD & 132(4)
Facts of the Case
A
search under Section 132 of the Income Tax Act was conducted on the
premises of Rajinder Gupta.
During
the search, documents relating to purchase of KG Farms and Jyoti Farms
...
Smt. Meera Kapoor vs Commissioner of Income Tax – Reassessment under Sections 147/148 and Addition under Section 68 for Alleged Bogus NRI Gift | Delhi High Court
Facts of the Case
The
assessee, Smt. Meera Kapoor, received a gift amounting to ₹31 lakhs from
an NRI donor, Shri Jagjit Singh Kochar, through cheque drawn from an NRE
account.
The
amount w...
Court on Its Own Motion vs Commissioner of Income Tax – Mandatory Compliance of Section 245 of the Income Tax Act for Adjustment of Refunds Against Outstanding Tax Demand and Protection of TDS Credit Rights (Delhi High Court, 2012)
Facts of the Case
The
Revenue Department acknowledged that taxpayers were facing difficulties in
obtaining TDS credit and in receiving refunds because of adjustments
against alleged outstanding tax ar...
Commissioner of Income Tax vs Samsung India Electronics Ltd. | Delhi High Court | Section 260A Income Tax Act – Defective Stock Valuation, Entertainment Expenditure and Business Deduction Issues
Facts of the CaseThe assessee, Samsung India Electronics Ltd., was engaged in
the business of manufacturing and dealing in consumer products including
televisions, cameras, refrigerators, washing machines and related e...
Commissioner of Income Tax v. Samsung India Electronics Ltd. – Entertainment Expenditure, Foreign Exchange Fluctuation Adjustment under Section 43A, Revenue vs Capital Expenditure on Transmission Lines, Defective Stock Valuation, Brand Building & Dealer Loyalty Expenses | Delhi High Court
Facts of the CaseSamsung India Electronics Ltd. was engaged in the business of
manufacturing and trading consumer durable products such as televisions,
cameras, refrigerators, washing machines and video recorders.The R...
Commissioner of Income Tax-II vs M/s Maruti Insurance Distribution Services Ltd. – Scope of Rectification under Section 254(2) of Income Tax Act: ITAT Cannot Review or Rewrite Its Earlier Order
Facts of the CaseThe assessee, M/s Maruti Insurance Distribution Services Ltd.,
was engaged in the business of corporate insurance agency through an extensive
network of Maruti dealers and workshops across India and fu...
Maruti Suzuki India Ltd. & Another vs Additional Commissioner of Income Tax & Another – Reassessment under Sections 147/148 of Income Tax Act on Royalty Expenditure, Change of Opinion and Requirement of Tangible Material
Facts of the CaseMaruti Suzuki India Ltd. was engaged in the business of
manufacture, purchase and sale of automobiles. For Assessment Year 2005–06, the
company filed its return declaring total income and claimed ded...