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
Jaya Aggarwal vs Income Tax Officer (Delhi High Court) – Section 68 Income Tax Act | Addition on Cash Re-Deposit After Withdrawal for Property Purchase Deleted
Facts of the CaseThe assessee, Mrs. Jaya Aggarwal, filed her return for
Assessment Year 1998–99 declaring a loss. During scrutiny assessment, the
Assessing Officer observed a cash deposit of ₹1,60,000 in the assess...
Krishan Kumar Sethi (Proprietor of M/s Sethi Auto Centre) vs Commissioner of Income Tax-XX & Anr. | Delhi High Court | Section 68 Income Tax Act | Unexplained Cash Deposits and Bogus Property Advance Transactions
Facts of the CaseThe assessee was engaged in the business of sale, purchase and
financing of three-wheelers and scooters on commission basis and also earned
rental income from house property. For Assessment Year 2005-0...
Shri Rakesh Kumar Gupta vs Commissioner of Income Tax-XIII & Anr. | Delhi High Court on Short-Term Capital Gain vs Business Income Classification under Income Tax Act
Facts of the CaseThe assessee declared income from various sources for
Assessment Year 2010-11, including substantial income from sale and purchase of
shares, claiming the same under the head capital gains. During scru...
Vedanta Limited (Successor to Cairn India Ltd.) Vs Principal Commissioner of Income Tax-9, New Delhi | Delhi High Court | Section 14A, Section 32(1)(iia), Section 92C Income Tax Act | Mandatory Additional Depreciation & Transfer Pricing Adjustment
Facts of the CaseThe assessee, Vedanta Limited (successor to Cairn India
Limited), filed its revised return claiming normal depreciation of ₹503.24
crore and additional depreciation of ₹538.66 crore under Section 3...
Vedanta Limited (Successor to Cairn India Ltd.) vs Principal Commissioner of Income Tax-9, New Delhi Section 14A, Rule 8D(2)(iii), Section 32(1)(iia), Section 92C & Section 80IB of the Income Tax Act, 1961 – Mandatory Allowability of Additional Depreciation and Transfer Pricing Adjustment on International Transactions
Facts of the CaseThe assessee, Vedanta Limited (successor to Cairn India
Limited), filed appeals before the Delhi High Court challenging the order of
the Income Tax Appellate Tribunal (ITAT) on multiple substantial que...
Director of Income Tax (Exemption) vs The Delhi Public School Society Delhi High Court | Income Tax Appeal Nos. 1086/2005, 501/2008, 521/2008, 605/2008, 609/2008 & 1432/2010 along with W.P.(C) No. 5340/2008, Sections 10(23C), 11, 12, 13 & Related Exemption Provisions under the Income Tax Act, 1961
Facts of the CaseThe present matter arose out of multiple Income Tax Appeals
and one Writ Petition involving the tax-exempt status and assessment-related
disputes concerning The Delhi Public School Society, an educatio...
Director of Income Tax (Exemption) vs. The Delhi Public School Society (Delhi High Court) – Exemption of Educational Institutions under the Income Tax Act, 1961 | Sections 10(23C), 11, 12 & Charitable Purpose
Facts of the CaseThe Delhi Public School Society, engaged in educational
activities, claimed exemption under the Income Tax Act on the basis that it
existed solely for educational and charitable purposes. The Revenue a...
Director of Income Tax (Exemption) vs The Delhi Public School Society (Delhi High Court) – Exemption under Sections 10(23C), 11, 12A and Taxability of Educational Institutions
Facts of the Case
The
assessee, The Delhi Public School Society, is engaged in imparting
education and managing educational institutions.
It
claimed tax exemptions available to educational institut...
Director of Income Tax (Exemption) vs The Delhi Public School Society | Delhi High Court | Section 10(23C)(vi) Income Tax Act | Educational Institution Exemption on Satellite School Receipts
Facts of the CaseThe Delhi Public School Society (DPS Society), a society
registered under the Societies Registration Act, was engaged in running
educational institutions and managing a network of schools under the “...
Director of Income Tax (Exemption) vs The Delhi Public School Society | Delhi High Court | Tax Exemption for Educational Institutions | Sections 10(23C), 11 & 12 of the Income-tax Act
Facts of the CaseThe dispute arose between the Director of Income Tax
(Exemption) and the Delhi Public School Society regarding income-tax exemption
claimed by the Society in its capacity as an educational institution....