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
PCIT vs. Smt. Kusum Gupta: Deletion of Search Additions under Section 153A in the Absence of Incriminating Material
Facts of the Case
Search
Operations: A search operation was conducted on February
7, 2007, under Section 132 of the Income Tax Act, 1961.
Issuance
of Notices: Following the search, notices were
...
Section 260A Income Tax Act Appeal: Principal Commissioner of Income Tax v. Rajiv Gupta
Facts of the CaseThe Appellant, the Principal Commissioner of Income Tax
(Revenue Authorities), preferred two independent statutory income tax appeals
designated as ITA No. 413/2015 and ITA No. 445/2015 before the High...
Cheminvest Limited vs. Commissioner of Income Tax-VI: Constitutional and Statutory Boundaries of Disallowance under Section 14A
Facts of the Case
Assessee's
Business: The Appellant (Assessee) is engaged in the
business of making investments in shares and accepting or granting loans.
The Assessee is also a co-promoter of Max In...
Pr. Commissioner of Income Tax-15 vs. Shri Prem Prakash Garg ### Substantive vs. Protective Assessment under Section 147/148 of the Income-tax Act, 1961
Facts of the Case
The
Investigation: The Income Tax Department reopened
assessments based on specific information that an individual, Mr. Sanjay
Kumar Garg, was operating an entry-providing racket inv...
Fast Booking (I) Pvt. Ltd. Vs. DCIT: Scope of ITAT Powers under Section 254 to Admit Alternative Claims under Section 10A
Facts of the Case
Assessee
Background: The Appellant Assessee is engaged in the
business of software development and operates as a 100% Export Oriented
Unit (EOU) registered with the Software Technolo...
Delhi HC Case Law: Commissioner of Income Tax v. Atma Ram Properties P. Ltd. | Classification of Rental Income & Capital Gains under Sections 22, 28, 45, and 260A of the Income Tax Act, 1961
Facts of the CaseA batch of ten appeals was filed before the Delhi High Court
under Section 260A of the Income Tax Act, 1961, challenging various orders
passed by the Income Tax Appellate Tribunal (ITAT). Out of these ...
Director of Income Tax vs. M/s. Ericsson Communications Ltd. — Scope of Section 195: Does Mere Book Entry and Subsequent Reversal Trigger TDS Obligation on Foreign Remittances if Income Has Not Accrued?
Facts of
the Case
The
Assessee, M/s. Ericsson Communications Ltd., is an Indian company
and a wholly-owned subsidiary of Telefonaktiebolaget L.M. Ericsson,
Sweden (TLME).
The
Assessee e...
Commissioner of Income Tax-1 vs. M/s Agya Crowns & Tops (P) Ltd. | Section 271(1)(c) Penalty Appeal Dismissed Due to Low Tax Effect
Facts of the CaseThe Appellant (Revenue) filed appeals under Section 260A of
the Income Tax Act, 1961 ('Act'), challenging a common order dated 8th August
2014 passed by the Income Tax Appellate Tribunal ('ITAT'). This...
Pr. Commissioner of Income Tax v. Groz Engineering Tools Pvt. Ltd.: Allowance of Sales-Linked Royalty as Revenue Expenditure under Section 37(1)
Facts of the Case
The
Assessee is a 100% export-oriented unit based in Gurgaon, engaged in the
manufacturing of machine tools.
For
the Assessment Year (AY) 2005-06, the case was selected for scruti...
CIT (Exemption) v. Bhagwan Shree Laxmi Narain Dham Trust: Scope of Tax Exemption on Anonymous Donations under Section 115BBC
Facts of the Case
The
Assessee, Bhagwan Shree Laxmi Narain Dham Trust, was registered under
Section 12A of the Income Tax Act, 1961, on 20th May 2005. The Trust deed
outlined various charitable, spiri...