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-(CENTRAL)-I vs. NAVIN KHANNA & ORS. | Section 68: Establishing Donor's Creditworthiness
Facts
of the Case
Sh. Vipin Khanna, the father of
the assessees (Navin Khanna, Arvind Khanna, Aditya Khanna, and Vinita
Singh), remitted various amounts to his children across separate
Assessment Yea...
Commissioner of Income Tax (Central)-III vs. Flex International Pvt. Ltd. | Applicability of Lead Judgment in Batch Appeals
Facts of the Case: The Commissioner of Income Tax (Central)-III
filed a batch of Income Tax Appeals—specifically ITA 470/2014, ITA 484/2014,
ITA 518/2014, ITA 523/2014, and ITA 524/2014—before the High Court o...
Commissioner of Income Tax (Central)-III vs Flex International Pvt. Ltd. & Connected Matters | Delhi High Court | Section 68 Income Tax Act – Unexplained Share Capital and Accommodation Entries
Facts
of the CaseThe Commissioner of Income Tax
filed a series of appeals (ITA 470/2014, ITA 484/2014, ITA 518/2014, ITA
523/2014, and ITA 524/2014) against various entities including Flex
International Pvt. Ltd., An...
CIT (Central)-III vs. Flex International Pvt. Ltd. | Deletion of Addition Under Section 68 of the Income Tax Act, 1961
Facts
of the CaseThe present matter
involves a batch of appeals filed by the Revenue Department against the common
orders of the Income Tax Appellate Tribunal (ITAT). During the assessment
proceedings, the Assessing ...
CIT vs. DLF Universal Ltd. | Allowability of Hundi Discounting Charges, Inter-Corporate Advances, and Brokerage | Section 36(1)(iii)
Facts
of the Case·
The assessee, DLF Universal
Ltd., was assessed for the Assessment Year (AY) 1993-94, during which the Assessing
Officer (AO) made four primary addit...
Honda Cars India Limited v. Commissioner of Income Tax & Anr. | WP(C) 3769/2015 | High Court of Delhi | Stay of Recovery Order | Tribunal's Stay Extension and High Court's Relief
Facts of the Case:
The
petitioner, Honda Cars India Limited, filed an appeal (ITA No.
2056/Del/2014) before the Income Tax Appellate Tribunal (ITAT) challenging
the order of the Commissioner of Income...
Commissioner of Income Tax, Delhi – XI vs. Anil Khandelwal | Income Tax Appeal on Seized Documents and Natural Justice Violation | Sections 132(4A), 292C, 69 of Income Tax Act
Facts of the Case:The
Revenue filed an appeal against Anil Khandelwal, challenging the Income Tax
Appellate Tribunal's (ITAT) confirmation of the CIT(A)'s order cancelling the
inclusion of ₹27 lakhs (for AY 2006-07)...
Commissioner of Income Tax-I vs. M/s Cairs Computer Aided Information & Services Pvt. Ltd. (ITA 273/2015) - Depreciation Allowance for Assets Used in Online Lottery Business - Delhi High Court Ruling
Facts of the Case:
In this case, the revenue challenged the decision of the Income Tax Appellate
Tribunal (ITAT), which allowed the assessee’s claim for depreciation for the
assessment year (AY) 2009-10. M/s C...
Toshiba India Pvt. Ltd. vs Commissioner of Income Tax - Transfer Pricing Adjustment for AMP Expenses and Warranty Provision | ITA No. 54/2015, ITA No. 73/2015 | Delhi High Court Judgment (2015)
Facts
of the Case:In this case, the appellant, Toshiba
India Pvt. Ltd., filed appeals against the order passed by the Income Tax
Appellate Tribunal (ITAT) on 15.07.2014 (ITA No. 1053/Del/2014). The matter
pertains to...
Niagara Hotels & Builders (P) Ltd. vs Commissioner of Income Tax: Analysis of Sections 22, 24(a), 56, 143(3) and 260A on Taxability of Telecom Tower Rental Income
Facts of the
CaseThe assessee company, being the owner of the
terrace floor of its property known as Vikram Tower, Rajendra Place, New Delhi,
entered into a Leave and Licence Agreement with M/s Arvind Mills Ltd.
(Tel...