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
Director of Income Tax vs. Mitsubishi Corporation & Connected Assessees (Delhi High Court) – No Interest under Section 234B Where Income is Subject to TDS | ITA Nos. 600/2008, 601/2008, 763/2008, 606/2009, 138/2010, 207/2010 & 208/2010
Facts of the
Case
The Revenue filed multiple appeals before the Delhi High Court.
The controversy in all the appeals related to the levy of interest
under Section 234B of the Income-tax Act, 1961.
The assess...
Commissioner of Income Tax vs Assessee (ITA Nos. 320/2008 & 321/2008) – Appeal Against Order Passed Under Section 254(2) Held Not Maintainable Under Section 260A of the Income-tax Act, 1961 | Delhi High Court
Facts of the
CaseThe appellant filed ITA Nos. 320/2008 and 321/2008
before the Delhi High Court challenging an order passed by the Income Tax
Appellate Tribunal under Section 254(2) of the Income-tax Act, 1961.The app...
Marubeni India Pvt. Ltd. v/s Commissioner of Income Tax: Scope of ITAT Jurisdictional Powers under Section 254(1) to Issue Binding Directions and Allowability of Expatriate Tax Reimbursements as Business Expenditure under Section 37(1)
Facts of the Case
Corporate
Restructuring: The appellant-assessee, Marubeni India
Private Limited, was incorporated as a wholly-owned domestic subsidiary of
Marubeni Corporation, Japan, taking over th...
Appeal Against ITAT Rectification Order Not Maintainable Under Section 260A – Commissioner of Income Tax vs Assessee | Delhi High Court
Facts of the CaseThe appeals before the Delhi High Court were filed
against an order passed by the Income Tax Appellate Tribunal (ITAT) under
Section 254(2) of the Income-tax Act, 1961. Section 254(2) empowers the
Tri...
Commissioner of Income Tax vs. Assessee Company – Valuation of Old and Shop-Spoiled Stock at Discounted Value Upheld | Delhi High Court
Facts of the
Case
The assessee maintained stock at its Connaught Place branch, which
included old and shop-spoiled inventory.
The assessee valued such stock at a discounted value considering
its reduced ...
Commissioner of Income Tax vs. Xerox Modicorp Limited: Whether Reopening of Assessment Under Section 147 is Valid and Admissibility of Investment Allowance Under Section 32A on Office Apparatus and Xerographic Machines Falling Under Schedule XI of the Income Tax Act, 1961
Facts of the Case
Assessee
Business Operations: The respondent-assessee, M/s. Xerox
Modicorp Limited, was actively engaged in the industrial operations of
manufacturing and selling xerographic machine...
Commissioner of Income Tax (CIT) vs AKS – Delhi High Court Upholds Deletion of Addition for Alleged Undervaluation of Closing Stock | Stock Valuation Method Accepted Consistently | AY 1996-97
Facts of the Case
The assessee maintained stock at its Connaught Place branch,
including old, unfashionable, and shop-spoiled goods.
While valuing closing stock, the assessee adopted a discounted
va...
Commissioner of Income Tax (CIT) vs. Bharat Commerce & Industries Ltd. – Valuation of Obsolete and Shop-Soiled Stock at Discounted Value | Delhi High Court Section 147
Facts of the Case
The assessee maintained stock at different branches, including its
Connaught Place branch.
During Assessment Year 1996-97, the assessee valued certain old,
obsolete and shop-soiled stock...
Commissioner of Income Tax vs. M/s Xerox Modicorp Limited | Delhi High Court | Validity of Reassessment Under Section 147 on Investment Allowance Disallowance for Xerographic Machine Production Under Section 32A and Eleventh Schedule
FACTS OF THE CASE
The
assessee, M/s. Xerox Modicorp Limited, is an industrial establishment
engaged primarily in the manufacturing operations of xerographic machines,
toner, developers, and photorecep...
The Commissioner of Income Tax vs. Smt. Motia Rani Bhatia Appeal under Section 260A of the Income Tax Act, 1961 challenging the deletion of gross profit additions made purely on estimation and surmises without pointing out discrepancies in the audited books of accounts.
Facts of the Case
The
appellant, the Revenue department (Commissioner of Income Tax), preferred
an appeal under Section 260A of the Income Tax Act, 1961, challenging the
order dated 16th October, 2009...