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 (Central)-III vs Flex International Pvt. Ltd. & Connected Matters | Delhi High Court | Section 68 Income Tax Act – Unexplained Share Capital and Accommodation Entries
Facts
of the CaseThe Commissioner of Income Tax
filed a series of appeals (ITA 470/2014, ITA 484/2014, ITA 518/2014, ITA
523/2014, and ITA 524/2014) against various entities including Flex
International Pvt. Ltd., An...
CIT (Central)-III vs. Flex International Pvt. Ltd. | Deletion of Addition Under Section 68 of the Income Tax Act, 1961
Facts
of the CaseThe present matter
involves a batch of appeals filed by the Revenue Department against the common
orders of the Income Tax Appellate Tribunal (ITAT). During the assessment
proceedings, the Assessing ...
CIT vs. DLF Universal Ltd. | Allowability of Hundi Discounting Charges, Inter-Corporate Advances, and Brokerage | Section 36(1)(iii)
Facts
of the Case·
The assessee, DLF Universal
Ltd., was assessed for the Assessment Year (AY) 1993-94, during which the Assessing
Officer (AO) made four primary addit...
Honda Cars India Limited v. Commissioner of Income Tax & Anr. | WP(C) 3769/2015 | High Court of Delhi | Stay of Recovery Order | Tribunal's Stay Extension and High Court's Relief
Facts of the Case:
The
petitioner, Honda Cars India Limited, filed an appeal (ITA No.
2056/Del/2014) before the Income Tax Appellate Tribunal (ITAT) challenging
the order of the Commissioner of Income...
Commissioner of Income Tax, Delhi – XI vs. Anil Khandelwal | Income Tax Appeal on Seized Documents and Natural Justice Violation | Sections 132(4A), 292C, 69 of Income Tax Act
Facts of the Case:The
Revenue filed an appeal against Anil Khandelwal, challenging the Income Tax
Appellate Tribunal's (ITAT) confirmation of the CIT(A)'s order cancelling the
inclusion of ₹27 lakhs (for AY 2006-07)...
Commissioner of Income Tax-I vs. M/s Cairs Computer Aided Information & Services Pvt. Ltd. (ITA 273/2015) - Depreciation Allowance for Assets Used in Online Lottery Business - Delhi High Court Ruling
Facts of the Case:
In this case, the revenue challenged the decision of the Income Tax Appellate
Tribunal (ITAT), which allowed the assessee’s claim for depreciation for the
assessment year (AY) 2009-10. M/s C...
Toshiba India Pvt. Ltd. vs Commissioner of Income Tax - Transfer Pricing Adjustment for AMP Expenses and Warranty Provision | ITA No. 54/2015, ITA No. 73/2015 | Delhi High Court Judgment (2015)
Facts
of the Case:In this case, the appellant, Toshiba
India Pvt. Ltd., filed appeals against the order passed by the Income Tax
Appellate Tribunal (ITAT) on 15.07.2014 (ITA No. 1053/Del/2014). The matter
pertains to...
Niagara Hotels & Builders (P) Ltd. vs Commissioner of Income Tax: Analysis of Sections 22, 24(a), 56, 143(3) and 260A on Taxability of Telecom Tower Rental Income
Facts of the
CaseThe assessee company, being the owner of the
terrace floor of its property known as Vikram Tower, Rajendra Place, New Delhi,
entered into a Leave and Licence Agreement with M/s Arvind Mills Ltd.
(Tel...
Sony Ericsson Mobile Communications India Pvt. Ltd. vs. Commissioner of Income Tax-III ITA 613/2014 and ITA 82/2015
Facts of the Case:The
case involves two cross appeals — one filed by the assessee (Sony Ericsson
Mobile Communications India Pvt. Ltd.) and the other by the revenue
(Commissioner of Income Tax-III). These appeals co...
Canon India Pvt. Ltd. vs Deputy Commissioner of Income Tax (Delhi High Court) – Transfer Pricing Adjustment on AMP/Distributor Expenses under Section 92CA of the Income Tax Act Case Title (SEO Friendly / Google Optimized) Canon India Pvt. Ltd. vs Deputy Commissioner of Income Tax – Delhi High Court on Transfer Pricing Adjustment for Distributor Expenses | Section 92CA Income Tax Act
Facts of the Case
Canon
India Private Limited, engaged in distribution business, incurred
distributor-related expenses in the course of its operations.
The
Transfer Pricing Officer (TPO) and revenue...