Blog Categories
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
Showing filtered results. Clear filters
Commissioner of Income Tax-II vs M/s MBL & Co. Ltd. & M/s Multiplex Capital Ltd. | Delhi High Court | Rebate under Section 88E Allowed Against MAT Liability under Section 115JB of Income Tax Act
Facts of the
Case
The Revenue filed appeals under Section 260A of the Income Tax Act
against the orders of the ITAT.
The assessees were members of the National Stock Exchange and
Bombay Stock Exchange an...
The Commissioner of Income Tax XVI vs. Sh. Sashi Mukundan & Connected Matters: Reaffirming Judicial Precedent in Expatriate Perquisite Valuation under Section 17
Facts of the CaseThe Income Tax Department filed a batch of tax appeals
(including ITA 379/2007, ITA 387/2008, and multiple connected matters) before
the High Court of Delhi against various individual assessees and cor...
Commissioner of Income Tax-II vs M/s MBL & Co. Ltd. & M/s Multiplex Capital Ltd. | Delhi High Court | Section 88E Rebate on MAT Liability under Section 115JB of Income Tax Act
Facts of the
Case
Revenue filed appeals under Section 260A against the decisions of
the Income Tax Appellate Tribunal.
M/s Multiplex Capital Ltd. and M/s MBL & Co. Ltd. were members
of recognized sto...
The Commissioner of Income Tax XVI vs. Sh. Sashi Mukundan & Ors. (In re: Expatriate Salary & Perquisites Taxation)
Facts of the CaseThis batch of Income Tax Appeals (headed by ITA 379/2007) was
filed by the Revenue against various individual assessees and corporate agents.
The dispute primarily involved the assessment of expatriate...
Commissioner of Income Tax-IV vs M/s Insecticides (India) Ltd. – Reassessment under Sections 147 & 148 Invalid Due to Vague Reasons and Absence of Tangible Material | Delhi High Court
Facts of the
CaseThe Revenue filed appeals against the order of the
Income Tax Appellate Tribunal relating to Assessment Years 2002-03 and 2003-04.For AY 2002-03, the original assessment had been
completed under Secti...
The Commissioner of Income Tax vs. Sh. Sashi Mukundan & Connected Matters: Taxation of Expatriate Salary Perquisites Under Section 17
Facts of the CaseThe Income Tax Department filed a batch of appeals (ITA No.
379/2007 and multiple connected matters) against various individual assessees
(including Sh. Sashi Mukundan, Mr. Short Donald, Mr. Fumio Goto...
Commissioner of Income Tax-III vs Sunrise Tooling System Pvt. Ltd. – Statement Recorded During Survey under Section 133A Has No Evidentiary Value for Addition on Alleged Bogus Purchases | Delhi High Court
Facts of the
CaseFor Assessment Year 2006–07, the Assessing Officer
made an addition of ₹43,34,496/- on the basis of a statement allegedly made by
Mr. D.K. Jain, Director of the assessee company, wherein it was st...
Commissioner of Income Tax-IV vs Empire Buildtech Pvt. Ltd. – Addition under Section 68 on Unexplained Share Capital and Share Premium where Investor Creditworthiness Not Established (Delhi High Court)
Facts of the
Case
The assessee company was incorporated on 20.10.2005 and commenced
business thereafter.
For Assessment Year 2006–07, it disclosed receipt of share capital
of ₹11 lakhs and issued sha...
Mohan Gupta (HUF) vs Commissioner of Income Tax-XI & Anr. – Delhi High Court on Reassessment under Sections 147/148 of Income Tax Act: Reopening Invalid Without Tangible Material (2014:DHC:539-DB)
Facts of the Case
The petitioner, Mohan Gupta (HUF), filed its income tax return for
AY 2005–06 declaring net income of ₹16,98,732/-.
The return was processed under Section 143(1) of the Income Tax
Ac...
Commissioner of Income Tax (CIT) vs Jayshree Gems & Jewellery – Section 10A Deduction on Export of Jewellery Manufacturing through Job Work and Allowability of Design & Fabrication Expenses | Delhi High Court
Facts of the
CaseThe assessee was a partnership firm engaged in
manufacturing and export of plated and studded jewellery. The firm came into
existence on 12.08.2000 and obtained a Central Government licence on
18.08....