Blog Categories
All Posts
Accounting Standard 7
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.
Chetan Sabharwal & Anr. vs Assistant Commissioner of Income Tax (Delhi High Court, 2019) – Reopening of Assessment under Sections 147/148 & Validity of “Reasons to Believe”
Facts of the Case
Petitioners
Chetan Sabharwal and Nitin Sabharwal sold shares of Pawan Impex
Pvt. Ltd. and SVIIT Software Pvt. Ltd. through Share Purchase
Agreements.
The
sale consideration ...
Commissioner of Income Tax vs. Jagdish Prasad Gupta (Delhi High Court, 2019) – Section 43B Applicability on Licence Fee & Mercantile Liability
Facts of the
CaseThe assessee, Jagdish Prasad Gupta, was allotted
land by Northern Railways in 1975. Over time, the Railways periodically revised
and enhanced the licence fee, sometimes retrospectively, and also...
PR. Commissioner of Income Tax–2 vs M/s Century Metal Recycling Pvt. Ltd. (2019) – Reassessment u/s 148 Not Sustainable Due to Subsisting CESTAT Order with Liberty to Revive Proceedings
Facts of the CaseThe case concerns reassessment proceedings initiated under Section
148 of the Income Tax Act, 1961 against the assessee company. The original
assessment was completed under Section 143(3) determining a...
Principal Commissioner of Income Tax-6 vs Make My Trip India Pvt. Ltd. (2019) – Payment Gateway Charges Not Liable for TDS under Section 194H | Delhi High Court
Facts of the
CaseThe assessee, Make My Trip India Pvt. Ltd., was
engaged in the business of selling travel products through its online platform.
Customers made payments using internet payment gateways facilitate...
Vashulinga Finance Pvt. Ltd. vs Deputy Commissioner of Income Tax – Section 68 Addition on Share Application Money Upheld by Delhi High Court (ITA No. 811/2019)
Facts of the CaseThe assessee company filed its return declaring Nil
income, though tax was paid under Section 115JB on book profits. During
scrutiny, it was observed that the assessee received ₹1.17 crore as share
...
Commissioner of Income Tax vs. Bhagwan Shree Laxmi Narain (Delhi High Court, 2019) – Exemption under Sections 11 & 12 Allowed Despite Religious Activities; No Violation of Section 13(1)(c) or Section 115BBC
Facts of the CaseThe Respondent-assessee is a trust established through a
Trust Deed dated 30.12.2002 and registered under Section 12A of the Income Tax
Act, 1961. The trust was engaged in imparting spiritual edu...
Principal Commissioner of Income Tax-6 vs Nalwa Sons Investment Ltd. (2019) – Section 14A, 68, 73 & 36(1)(vii) | Delhi High Court
Facts of the
CaseThe case involves appeals filed by the Revenue
under Section 260A of the Income Tax Act against the order of the Income Tax
Appellate Tribunal (ITAT) concerning assessment years 2005-06 and 2006...
Chetan Sabharwal & Anr. vs Assistant Commissioner of Income Tax, Circle 28(1) (Delhi High Court, 2019) – Reopening of Assessment under Sections 147/148 & Validity of “Reason to Believe”
Facts of the CaseThe petitioners, Chetan Sabharwal and Nitin Sabharwal, along
with other shareholders, entered into Share Purchase Agreements (SPAs) for sale
of shares of Pawan Impex Pvt. Ltd. and SVIIT Software Pvt. L...
Principal Commissioner of Income Tax-8 vs M/s Samsung India Electronics Pvt. Ltd. | Delhi High Court on Extension of Stay Beyond 365 Days under Section 254(2A) of Income Tax Act
Facts of the
CaseThe petitioner, the Principal Commissioner of
Income Tax-8, challenged the orders of the Income Tax Appellate Tribunal
(ITAT), wherein the Tribunal had extended interim stay orders granted in fa...
Curewel (India) Ltd. vs Income Tax Officer – Fresh Claim in De Novo Remand Proceedings Must Be Considered on Merits (Delhi High Court, ITA 259/2018, Sec. 144, 143(3), 254)
Facts of the CaseThe assessee, Curewel (India) Ltd., was subjected to
assessment for AY 2002–03 under Section 144 of the Income Tax Act (best
judgment assessment). The matter went through multiple rounds of litigatio...