Hargovind Pandey vs Principal Commissioner of Income Tax (Delhi High Court) – Limitation under Section 264 of Income Tax Act, 1961 and Revision against Double Taxation of FDR Interest

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My Tax Expert
06/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 56
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 Facts of the CaseThe Petitioner, Hargovind Pandey, was the proprietor of M/s River Banks Studios and also a Director of River Bank Studios Pvt. Ltd. (RBSPL). Under an MoU dated 1 April 2011, certain assets and li...

Divij Singh Kadan vs Principal Chief Commissioner of Income Tax, Delhi & Anr. (2022) – Violation of Natural Justice under Sections 148 & 148A of Income Tax Act

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My Tax Expert
17/04/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 110
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Facts of the CaseThe petitioner filed a writ petition challenging: Order dated 31.03.2022 passed under Section 148A(d), and Notice issued under Section 148 for AY 2015-16. The petitioner, a non-resident Indian re...

RVM Education (P) Ltd. vs Assistant Commissioner of Income Tax (Delhi High Court) – AY 2016-17 | Business Income vs Rental Income | Remand to ITAT

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My Tax Expert
08/04/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 162
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Facts of the Case The appellant, RVM Education (P) Ltd., filed its return of income for AY 2016–17 declaring a loss of ₹1,99,18,341/-. The Assessing Officer (AO) disallowed expenses amounting t...

Section 10(46) Tax Exemption Granted to HSBTE Panchkula: Key Provisions and Compliance Conditions under CBDT Notification 163/2025

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CA DR VINAY MITTAL
03/12/2025  |  0 COMMENTS  |  VISITOR'S COUNT: 542
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MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 26th November, 2025 S.O. 5442(E).— In exercise of the powers conferred by clause (46) of section 10 of th...

CBDT Notification No. 161/2025, Capital Gains Accounts Scheme (Second Amendment), 2025

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CA DR VINAY MITTAL
27/11/2025  |  0 COMMENTS  |  VISITOR'S COUNT: 2094
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Summary of CBDT Notification No. 161/2025  Notification No. 161/2025, dated 19 November 2025, issued under Section 54GA(2) of the Income-tax Act, 1961, introduces the Capital Gains Accounts Scheme (Second Amendment...