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Commissioner of Income Tax vs. Smt. Anita Gupta – Addition Towards Jewellery and Cost of Construction Cannot Be Sustained Solely on Income Tax Inspectors’ Estimate | Delhi High Court
Facts of the CaseA search and seizure operation was conducted at the
residential premises of the assessee and her husband on 19 April 2006. Search
proceedings were also carried out in the assessee’s bank lockers. Dur...
Commissioner of Income Tax vs. [Assessee] – Lease Premium Paid to NOIDA Authority on 90-Year Lease Held as Capital Expenditure | Section 269UA, Income Tax Act | Delhi High Court
Facts of the Case
The assessee acquired land from the NOIDA Authority on leasehold
rights for a period of 90 years.
A lease premium of ₹2,75,045 was paid by the assessee.
The Assessing Officer held that, in...
Future Use of Agricultural Land by Purchaser Cannot Determine Taxability on Date of Sale: ITAT Ahmedabad Deletes LTCG Addition and Holds Section 50C Inapplicable | Jignesh Harshadbhai Patel v. ITO [2026]
Future Intended Use of Agricultural Land by Purchaser Cannot Determine Nature of Land on Date of Transfer; ITAT Ahmedabad Deletes LTCG Addition and Holds Section 50C InapplicableFacts of the CaseThe assessee had sold cer...
Commissioner of Income Tax v. Gold Leaf Capital Corporation Ltd. | Section 68 Income Tax Act | Unexplained Share Application Money | Repeated Remand by ITAT Not Permissible for Filling Evidentiary Lacunae
Facts of the CaseThe assessee company received substantial amounts
as share capital and share application money from various entities during
Assessment Year 1995-96. During assessment proceedings, the Assessing Officer...
Classic Papers Converters Pvt. Ltd. vs. Commissioner of Income Tax-I, Delhi – Rejection of Waiver of Penalty under Section 273A of the Income Tax Act Upheld by Delhi High Court
Facts of the
CaseClassic Papers Converters Pvt. Ltd., a private
limited company, derived its income primarily from sub-letting of premises.
Penalty proceedings were initiated against the company under Section 27...
CBDT e-Filing – ITR-2 Validation Rules (AY 2026-27)
CBDT e-Filing – ITR-2
Validation Rules (AY 2026-27)
(For income earned during FY 2025-26)Version 1.0 | Dated: 26 May
2026ImportantValidation failures are treated as
Category A Errors. If any such error exists, ITR-...
Commissioner of Income Tax, Delhi-II vs Kinetic Capital Finance Ltd. | Section 68 Income Tax Act | Addition of Public Deposits as Unexplained Cash Credits Deleted | Delhi High Court
Facts of the CaseThe assessee, Kinetic Capital Finance Ltd., a
registered NBFC, filed its return of income for Assessment Year 1998-99. During
scrutiny proceedings, the Assessing Officer (AO) examined deposits received...
Classic Papers Converters Pvt. Ltd. vs Commissioner of Income Tax-I, Delhi | Interest under Section 220(2), Penalty under Section 221(1) & Rectification under Sections 154/254 of the Income Tax Act – Delhi High Court
Facts of the
CaseThe petitioner company challenged two show-cause
notices dated 23.12.2005 and 08.12.2006 issued under Section 221(1) of the
Income Tax Act, 1961, and also challenged a rectification order dated
25.01...
Assessee vs Commissioner of Income Tax – Validity of Reassessment Proceedings under Section 148 of the Income-tax Act, 1961 | Delhi High Court
Facts of the Case
The assessee filed appeals before the Delhi High Court.
The principal challenge in the appeals related to the reopening of
assessment under Section 148 of the Income-tax Act, 1961.
The asses...
Assessee v. Commissioner of Income Tax – Challenge to Reassessment Proceedings under Section 148 of the Income-tax Act, 1961 | Delhi High Court | ITA Nos. 1043/2011 & 1045/2011
Facts of the Case
The assessee challenged the reopening of assessment initiated under
Section 148 of the Income-tax Act.
The Income Tax Appellate Tribunal had already granted substantial
relief to the ass...