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
Director of Income Tax vs Eternal Science of Men's Society (Delhi High Court) – Reference Returned Unanswered Due to Failure of Revenue to File Paper Books | ITR 68/1991
Facts of the
CaseThe income-tax reference was received by the Delhi
High Court in the year 1991. Despite the passage of nearly fourteen years, the
Revenue did not take the necessary steps to furnish the paper bo...
M/s Cincom Systems India Pvt. Ltd. vs Commissioner of Income Tax & Others (Delhi High Court) – Revision Petition under Section 264 of the Income-tax Act, 1961 | Stay of Recovery During Pendency of Revision Proceedings
Facts of the CaseM/s Cincom Systems India Pvt. Ltd. was aggrieved by
an order passed by the Additional Commissioner of Income Tax and filed a
revision petition before the Commissioner of Income Tax under Section ...
Commissioner of Income Tax vs. M/s. Usha Stud & Agricultural Farms Pvt. Ltd.: Delhi High Court Upholds Rule of Consistency Under Section 145 and Rejects Revenue's Arbitrary Interference in Livestock Inventory Stock Valuation Methods Absent Substantial Question of Law
Facts of the
Case
Assessee’s Business Profile: The respondent-assessee, M/s. Usha
Stud & Agricultural Farms Pvt. Ltd., is a private limited company
engaged in the business of breeding and maintaining...
COMMISSIONER OF INCOME TAX VERSUS M/S I.H.H.R. HOSPITALITY P. LTD UNDER SECTION 260A OF THE INCOME TAX ACT: DISMISSAL OF REVENUE APPEAL ON BASIS OF PRECEDENT
Facts of the CaseThe Revenue (Appellant) initiated legal proceedings by
filing an appeal before the Delhi High Court against the order dated 28th
October 2005 passed by the Income Tax Appellate Tribunal (ITAT), New Del...
Commissioner of Income Tax, Delhi v. M/s Blue Bird Enterprises Pvt. Ltd. – Penalty under Section 271(1)(c) on Assessed Loss Cases and Applicability of Explanation 4 to Section 271(1)(c) | Delhi High Court
Facts of the CaseThe Revenue challenged the order of the Income Tax
Appellate Tribunal (ITAT), which had deleted the penalty imposed under Section
271(1)(c) of the Income-tax Act, 1961.The Tribunal had taken the view t...
Commissioner of Income Tax v. M/s Swan Fisheries (P) Ltd. – Penalty under Section 271(1)(c) of the Income-tax Act, 1961 on Assessed Loss Cases and Applicability of Explanation 4
Facts of the CaseThe Revenue challenged the order of the Income Tax Appellate
Tribunal (ITAT) whereby the Tribunal had deleted the penalty imposed under
Section 271(1)(c) of the Income-tax Act, 1961. The Tribunal had t...
The Commissioner of Income Tax, Delhi-X vs. M/s. Rajan & Co. (ITA No. 04/2005) – Mandatory Requirement of Recording Assessing Officer's Satisfaction Under Section 271(1)(c) of the Income Tax Act, 1961 for Initiation of Penalty Proceedings for Concealment of Income
Facts of the Case
The
respondent-assessee filed a return on November 30, 1990, showing an income
of ₹2,29,280/-, which was later revised to ₹2,29,960/-.
During
a survey under Section 133A on Se...
COMMISSIONER OF INCOME TAX VERSUS M/S NATIONAL THERMAL POWER CORP: WITHDRAWAL OF APPEAL UNDER INCOME TAX ACT 1961
Facts of the CaseThe Appellant, The Commissioner of Income Tax, initiated
appellate proceedings before the High Court of Delhi, registered as ITA
673/2005, against the Respondent, M/S National Thermal Power Corp. The d...
Commissioner of Income Tax v. M/s Span Air Pvt. Ltd. – Penalty under Section 271(1)(c) on Assessed Loss Cases after Insertion of Explanation 4 | Delhi High Court
Facts of the CaseThe Revenue challenged the order of the Income Tax
Appellate Tribunal (ITAT) whereby the Tribunal had deleted the penalty imposed
under Section 271(1)(c) of the Income-tax Act, 1961. The Tribunal had h...
The Commissioner of Income Tax v. M/s. Usha Stud & Agricultural Farms Pvt. Ltd. (ITA No. 129/2003) – Scope of Section 145: Valuation of Closing Stock (Foals) at Nil Value Under Consistent Method of Accounting and Disallowance of Depreciation on Live Stock / Business Flats Under Income Tax Act, 1961
Facts of the Case
The
respondent-assessee is a private limited company carrying on the business
of breeding and maintenance of horses, along with supporting agricultural
activity for feed and fodder. ...