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
Achin Agarwal, Pradeep Agarwal, and Geeta Agarwal vs. Commissioner of Income Tax & Anr. — Writ Jurisdiction Challenge Under Article 226 Against Section 127 Transfer of Assessment Files from Delhi to Rajasthan and Admissibility of Mutual Extension of Time for Completion of Income Tax Assessments Pursuant to High Court Directives
Facts of the CaseThe individual Petitioners (Achin Agarwal, Pradeep Agarwal,
and Geeta Agarwal) approached the Hon’ble High Court of Delhi by filing three
separate civil writ petitions under Article 226 of the Consti...
Commissioner of Income Tax v. M/s John Tinson & Co. (P) Ltd. | Delhi High Court | Section 275(1)(a) & 271(1)(c) of the Income Tax Act – Limitation for Penalty Proceedings After Fresh Assessment Order
Facts of the CaseThe assessee, M/s John Tinson & Co. (P) Ltd.,
filed its return for Assessment Year 1993-94 declaring a loss. The Assessing
Officer (AO), however, completed assessment under Section 143(3) and asses...
Pradeep Agarwal vs. Commissioner of Income Tax & AnR (With Achin Agarwal vs. CIT and Geeta Agarwal vs. CIT) | Scope of Section 127 Transfer and Specific Court-Ordered Extension for Completion of Assessment Under the Income Tax Act, 1961
Facts of the CaseThe petitioners (Achin Agarwal, Pradeep Agarwal, and Geeta
Agarwal) filed three separate writ petitions before the High Court of Delhi.
The initial grievance and prayer in these petitions sought a writ...
M/s Vodafone Essar Mobile Services Ltd. Vs. Commissioner of Income Tax TDS & Ors. | High Court Direction to Decide Income Tax Refund Application and Allow Credit Adjustment Against Outstanding TDS Demand Notice
Facts of the CaseThe assessee-petitioner, M/s Vodafone Essar Mobile Services
Ltd., filed two writ petitions challenging the legal justifiability of an order
dated December 3, 2010, passed by the Commissioner of Income ...
Commissioner of Income Tax vs. A.T. Invofin India (P) Ltd. & Connected Assessees | Section 158BB(1)(c), 158BC, 158BD & 139(4) of the Income-tax Act, 1961 – Belated Return Filed After Search Cannot Defeat Block Assessment of Undisclosed Income
Facts of the CaseA search and seizure operation under Section 132 of
the Income-tax Act was conducted on 13 January 2000 in the Shyam Telecom Group
of Companies, to which the respondent companies belonged.Althoug...
Commissioner of Income Tax Vs. M/s. Honda Trading Corporation India Pvt. Ltd. (ITA Nos. 1935, 1937 & 1938/2010) | Debatable Claim on Technical Know-How Fees Treated as Capital Expenditure Does Not Attract Penalty Under Section 271(1)(c) of Income Tax Act
Facts of the Case
The
respondent-assessee incurred certain expenses towards technical know-how
fees and claimed the entire amount as allowable revenue expenditure during
the assessment proceedings.
...
Commissioner of Income Tax vs. SNIC (Assessee): Whether Disallowance of Technical Know-How Fees Treated as Capital Expenditure Rather Than Revenue Expenditure Validates Penalty Proceedings Under Section 271(1)(c) of Income Tax Act on Debatable Claims
FACTS OF THE CASE
The
respondent-assessee filed its income tax returns and claimed specific
financial outlays as allowable revenue expenditure.
During
the assessment proceedings, the Assessing Offi...
Commissioner of Income Tax vs. M/s Vasisth Chay Vyapar Ltd. | Delhi High Court | Taxability of Interest on Non-Performing Assets (NPA) of NBFCs under Sections 5 & 145 of the Income-tax Act read with Section 45Q of RBI Act
Facts of the CaseThe assessee, M/s Vasisth Chay Vyapar Ltd., a
Non-Banking Financial Company (NBFC), had advanced Inter Corporate Deposits
(ICDs) to M/s Shaw Wallace & Co. Due to prolonged non-payment of inte...
Commissioner of Income Tax Vs. M/s. Krishna Maruti Ltd. | Disallowance of Capital Expenditure vs. Revenue Expenditure: Debatable Claim on Technical Know-How Fees Does Not Attract Penalty Under Section 271(1)(c) of Income Tax Act, 1961
Facts of the CaseThe respondent-assessee (M/s. Krishna Maruti Ltd.) had
claimed certain expenditure as allowable revenue expenditure in its return of
income. However, during the assessment proceedings, the Assessing Of...
Commissioner of Income Tax vs. M/s Great Eastern Exports — Dismissal of Revenue's Appeals on Identical Questions of Law Covered by Prior Precedent Under Section 260A of the Income Tax Act
Facts of the CaseThe Revenue preferred statutory appeals (registered as ITA
No. 1048/2010 and ITA No. 1050/2010) before the Hon’ble High Court of Delhi.
The disputes arose from the appellate orders of the Income Tax ...