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 v. Reliance International Corp. Pvt. Ltd. (2010) 327 ITR – Section 68 Cash Credit Addition – Assessee Failed to Prove Identity, Creditworthiness and Genuineness of Creditors | Delhi High Court
Facts of the
CaseFor the assessment year under consideration, the
assessee-company disclosed loans aggregating to ₹17,10,000 allegedly received
from five parties:
Gayatri Tech. Services – ₹7,75,000
S.K. Mehr...
Commissioner of Income Tax vs. M/s. Xerox Modicorp Limited | Validity of Reassessment Proceedings Under Section 147 vs. Disallowance of Investment Allowance Under Section 32A of the Income Tax Act, 1961 for Manufacture of Office Machinery Listed Under Eleventh Schedule
FACTS OF THE CASE
Assessee’s
Business Operations: The respondent-assessee, M/s. Xerox
Modicorp Limited, was actively engaged in the industrial manufacturing and
commercial marketing of xerographic m...
Commissioner of Income Tax vs. Inderpal Chawla | Delhi High Court Upholds Admission of Additional Evidence under Rule 46A and Restricts Addition to Peak Credit under Sections 68 & 69 of the Income Tax Act
Facts of the
Case
The Assessing Officer made an addition of ₹29,80,995 treating
certain deposits as unexplained income under Sections 68 and 69 of the
Income Tax Act, 1961.
During appellate proceedings...
Commissioner of Income Tax vs. M/s Xerox Modicorp Limited | Validity of Reassessment Proceedings Under Section 147 and Entitlement to Investment Allowance Under Section 32A read with Eleventh Schedule for Xerographic Machine Manufacturers | Delhi High Court Judgment Case Law
FACTS OF THE CASE
Assessee
Business Operations: The Respondent-Assessee, M/s Xerox
Modicorp Limited, was engaged in the manufacturing and commercial
distribution of xerographic machines, toners, devel...
Commissioner of Income Tax vs. M/s Triveni Engineering Works Ltd. (Delhi High Court) – Revision under Section 263 Cannot Be Invoked Against IAC Assessment Orders Prior to 01.10.1984
Facts of the
Case
The dispute related to Assessment Year 1979-80.
The assessment was completed on 27 February 1982 under Section
143(3) by the Inspecting Assistant Commissioner (Assessment), Range-III.
The a...
Commissioner of Income Tax v/s Xerox Modicorp Limited: Legality of Section 147 Reassessment Proceedings Initiated Beyond Four Years to Withdraw Section 32A Investment Allowance and Section 80-I Deductions on Prohibited Eleventh Schedule Office Machines and Photocopiers
Facts of the Case
Business
Profile: The respondent-assessee, M/s. Xerox Modicorp
Limited, was actively engaged in the industrial manufacturing and
commercial distribution of xerographic machines, tone...
Commissioner of Income Tax v. AKS Alloys (P) Ltd. | No Taxability of Interest on Accrual Basis Where Recovery Becomes Uncertain – Application of Real Income Theory | Delhi High Court
Facts of the
CaseFor Assessment Year 2001-02, the assessee company
filed its return declaring income of ₹10,208.During assessment proceedings, the Assessing
Officer observed that the assessee had invested ₹130 lak...
Director of Income Tax vs. SNC Lavalin International Inc. – Taxability of Fees for Included Services under Article 12(4) of India-Canada DTAA | Delhi High Court
Facts of the
CaseSNC Lavalin International Inc., a non-resident
company engaged in infrastructure consultancy, entered into an agreement with
NHAI for infrastructure development projects funded by the World Bank.Under...
Commissioner of Income Tax vs. M/s. Xerox Modicorp Limited | Validity of Reassessment Proceedings Under Section 147 and Eligibility for Investment Allowance Reserve Under Section 32A Over Eleventh Schedule Restrictions on Office Photocopying Apparatus
Facts of the Case
Assessee
Business Operations: The respondent-assessee, M/s. Xerox
Modicorp Limited, is engaged in the primary industrial activities of
manufacturing xerographic machines (office copy...
Director of Income Tax v. Various Assessees (Following Director of Income Tax v. Mitsubishi Corporation) – Section 234B Interest Not Leviable Where Income is Subject to TDS | Delhi High Court
Facts of the
CaseThe Revenue filed multiple appeals before the Delhi
High Court raising a common question regarding the charging of interest under
Section 234B of the Income-tax Act, 1961.The controversy arose in case...