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M/s XYZ Builders vs Income Tax Officer: Disallowance of Construction Expenses Claimed Against Surrendered Income Under Sections 133A & 292C
Facts of the Case:The assessee, M/s XYZ Builders, operating as a firm, had
surrendered certain income during the course of survey proceedings conducted
under Section 133A of the Income Tax Act. Subsequent to the survey...
Safema v. ACIT — Unaccounted Cash with Unexplained Source Held as Benami Property Under Sections 2(8) & 2(26) of the Benami Act
Facts of the CaseIn Safema v. ACIT, unaccounted cash of significant
value was seized from the assessee during an inquiry. The source of the cash
was unexplained, and there were no documents to establish legal ownership...
Vidhya Vati Mishra vs Addl/JCIT (A), Noida – Condonation of Delay in Filing Form 10B and Exemption under Sections 11 & 12 of Income-tax Act, 1961
Facts of the Case:The assessee, Vidhya Vati Mishra, was a
charitable/religious entity claiming exemption under Sections 11 and 12 of
the Income-tax Act, 1961. For the relevant assessment year 2017-18, the
assessee was...
“Reconciling Form 26AS/AIS Before ITR Filing Mandatory — Interpretation Under Sec. 139(1), Sec. 143(1) & Sec. 274: ABC v. CIT (Year) on Mismatched Data Notices”
FACTS OF THE CASEIn ABC v. CIT (Year), the taxpayer filed ITR for AY
2026‑27 without reconciling income entries in Form 26AS/AIS/TIS with actual
income reported. The notice under Sec. 143(1) and Sec. 274 was issued f...
LLP vs Registrar of Companies (MCA) | Non‑Filing of LLP Form‑11 Annual Return | Statutory Compliance under Section 35 of the LLP Act, 2008
Facts of the Compliance MatterAll Limited Liability Partnerships (LLPs) registered in India
are required to file LLP Form‑11 (Annual Return) with the Registrar of
Companies (ROC) under Section 35 of the Limited Lia...
OECD vs. Global Tax Avoidance: Consolidated Commentary to GloBE Rules (2026) – Guidance on Global Anti‑Base Erosion Model Rules & Administrative Guidance
FACTS OF THE “CASE” Publication: OECD – Tax Challenges Arising from the
Digitalisation of the Economy – Consolidated Commentary to the Global Anti‑Base
Erosion (GloBE) Model Rules (2026).
The Organisa...
Manoj Lachhmandas Jagwani vs ACIT – DVO-Based Property Valuation Cannot Sustain Penalty Under Section 270A | ITAT Mumbai 2017-18
Facts of the CaseThe assessee, Manoj Lachhmandas Jagwani, engaged in a
transaction involving immovable property. During assessment proceedings, the Assessing
Officer (AO) referred the property valuation to the Departme...
Ajay Gupta vs DCIT – Deletion of Section 68 and 69C Additions in Penny-Stock Capital Gains Case (Income Tax Act, 1961)
Facts of the Case:The assessee, Ajay Gupta, purchased and sold shares of
a listed company, resulting in substantial long-term capital gains. During
assessment, the assessee furnished complete documentary evidence, incl...
Ashok Chaddha vs. Income Tax Officer: Validity of Section 143(2) Notice in Section 153A Search Assessments and Addition of Unexplained Money under Section 69A
Facts of the Case
Search
Operations: A search under Section 132(1) of the Income
Tax Act, 1961 was conducted at the residential premises and bank locker of
the Assessee, Ashok Chaddha. During the sear...
Anil Batra v. Chief Commissioner of Income Tax: Compounding of Technical Offenses under Section 276B of the Income Tax Act Post Filing of Criminal Complaint/Conviction
Facts of the Case
Corporate
Position and TDS Defaults: The Petitioner served as
the Managing Director of M/s Anil Batra and Associates Private Limited.
During the Assessment Years (AY) 1982-83, 1983-8...