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
Commissioner of Income Tax vs. AIMIL Limited (with Connected Appeals including Nirmala Swami vs. Commissioner of Income Tax and M/s. Ekta Agro Industries Ltd. vs. Income Tax Officer): Landmark Judgment on Disallowance of Employees’ and Employers’ Provident Fund (PF) & ESI Contributions under Section 36(1)(va) read with Section 43B of the Income Tax Act, 1961
Facts of the CaseThe dynamic of this consolidated batch of appeals revolves
around a common substantial question of law concerning the pure interpretation
of the provisions of the Income Tax Act, 1961. Taking the prima...
Income Tax Officer v. Assessee | Addition of Alleged Gift as Unexplained Cash Credit under Section 69A Upheld Due to Failure to Prove Donor’s Creditworthiness and Genuineness of Transaction – Delhi High Court
Facts of the CaseFor Assessment Year 2001-02, the assessee disclosed a gift of
Rs. 2.50 lakhs received from Shri Arun Kumar Goyal through a banker’s cheque
dated 08.05.2000.During assessment proceedings, the Assessin...
Commissioner of Income Tax v. Assessee Company | Whether Assessing Officer Can Pass an Order Under Section 271C Without Recording Any Reasons – Delhi High Court | Sections 271C & 263 of the Income Tax Act, 1961
Facts of the CaseThe appeal before the Delhi High Court involved the same issue
that had earlier arisen in ITA No. 166/2007, which had already been decided by
a Division Bench of the Court on 02.04.2008.The controversy...
Commissioner of Income Tax (Central)-III, Delhi vs. Nestor Pharmaceuticals Limited: Commencement of Trial Production Versus Commercial Production for Determining the 'Initial Assessment Year' to Claim Tax Deductions under Section 80-IA and Section 80-IB of the Income Tax Act, 1961
Facts of the CaseThe respondent-assessee, M/s Nestor Pharmaceuticals Limited,
is engaged in manufacturing pharmaceutical formulations and bulk drugs. The
company sells these drugs to government hospitals, institutions,...
Commissioner of Income Tax v. Agricultural Produce Marketing Committee (APMC) | Penalty under Section 271(1)(c) Cannot Be Levied for Bona Fide Claim of Local Authority Status After Amendment to Section 10(20) – Delhi High Court
Facts of the CasePenalty proceedings were initiated against the
respondent-assessee, Agricultural Produce Marketing Committee (APMC), under
Section 271(1)(c) of the Income Tax Act. The Revenue alleged that the assessee...
Commissioner of Income Tax-III vs Sona Koyo Steering Systems Limited (2010) – Deduction under Section 80-I to be Computed Unit-wise Without Set-off of Losses of Another Eligible Unit | Delhi High Court
Facts of the
Case
The assessee, Sona Koyo Steering Systems Limited, operated two
separate industrial units:
Steering Unit
Axle Unit
During the relevant assessment years (1992-93, 1993-94, 1994-95,
...
Commissioner of Income Tax (Central)-III Delhi vs. Nestor Pharmaceuticals Limited: Trial Production vs. Commercial Production Date for Determining Initial Assessment Year for Tax Deductions under Sections 80-IA and 80-IB of the Income Tax Act, 1961
Facts of the CaseThe Respondent, M/s Nestor Pharmaceuticals Limited, operates
an industrial undertaking involved in manufacturing bulk drug pharmaceutical
formulations. It distributes these medical formulations across ...
Nimitya Properties Ltd. Vs. Commissioner of Income Tax: Validity of Provisional Attachment of Property Under Section 281B Post Search and Seizure Operations When No Tax Demand is Outstanding
Facts of the Case
Search
and Seizure Action: On 06.11.2008, the Income Tax
authorities executed a search and seizure operation under Section 132 at
the office premises of Nimitya Properties Ltd., resu...
Commissioner of Income Tax-III vs Sona Koyo Steering Systems Limited | Delhi High Court | Section 80-I Deduction to be Computed Unit-Wise Without Set-Off of Losses of Another Eligible Unit
Facts of the CaseThe appeals were filed by the Revenue relating to
Assessment Years 1992-93, 1993-94, 1994-95, 1995-96 and 2000-01.The assessee, Sona Koyo Steering Systems Limited,
operated two separate industrial unit...
Commissioner of Income Tax vs Assessee – Penalty Under Section 271(1)(c) Restored for Fresh Adjudication Following Supreme Court Ruling in Gold Coin Health Food Pvt. Ltd. | ITA No. 663/2009 | Delhi High Court
Facts of the CaseThe Revenue filed an appeal before the Delhi High Court
challenging the order of the Income Tax Appellate Tribunal whereby the penalty
imposed upon the assessee under Section 271(1)(c) of the Income-ta...