Blog Categories
All Posts
Accounting Standard 12
CBDT 1
Chartered Accountant 1
Chartered Engineer 1
Greetings 1
Income Tax Act 2025 0
Labour Law 2
MCA Notification 1
MSME 1
NGO- Trust & Society 0
PLACEMENT 1
Press Information Bureau, Government of India (PIB) 2
RBI & Banks 1
RERA 0
RTI 1
STUDENT ICAI 1
Virtual Webinar 5
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 (TDS) vs. ITC Ltd. & C.J. International Hotels Ltd. – Whether Hotel Tips Distributed to Employees Constitute Salary Liable for TDS under Section 192 of the Income-tax Act, 1961
Facts of the
CaseThe assessees, ITC Ltd. and C.J. International
Hotels Ltd., were engaged in the business of owning, operating and managing
hotels.During surveys conducted under Section 133A of the
Income-tax Act, it...
Director of Income Tax vs. M/s. Mitsubishi Corporation (and M/s. Jacabs Civil Incorporated): Section 234B Advance Tax Interest Inapplicable to Non-Resident Exceeding Tax Deductible at Source; Section 234D Interest Deletion Upheld
Facts of the CaseThe Revenue preferred a batch of appeals under Section 260A of
the Income Tax Act, 1961, challenging a series of concurrent orders passed by
the Income Tax Appellate Tribunal (ITAT) which deleted inter...
Commissioner of Income Tax vs Ankitech Pvt. Ltd. & Connected Matters | Delhi High Court Clarifies Taxability of Deemed Dividend under Section 2(22)(e) of the Income-tax Act, 1961
Facts of the
Case
The assessee companies received loans and advances from closely
held companies.
Certain individuals held substantial shareholding in both the
lending companies and the recipient concern...
Director of Income Tax vs. M/s. Mitsubishi Corporation (and M/s. Jacabs Civil Incorporated): Section 234B Interest Deleted for Non-Resident as Tax was Fully Deductible at Source; Retrospective Levy of Section 234D Interest Prohibited
Facts of the CaseThe Revenue preferred a batch of appeals under Section 260A of
the Income Tax Act, 1961, challenging a series of concurrent orders passed by
the Income Tax Appellate Tribunal (ITAT) which deleted inter...
Commissioner of Income Tax vs. Harsh Talwar [Delhi High Court] – Mere Surrender of Income Does Not Automatically Attract Penalty under Section 271(1)(c) of the Income Tax Act
Facts of the Case
A
search was conducted at the premises of the assessee on 16 January 2004.
During
verification of stock registers, discrepancies were noticed in the
quantity of carpets and durries...
Commissioner of Income Tax, Delhi-IV vs. M/s HLS India Ltd. (Now HLS Asia Ltd.) | Eligibility of Wireline Logging Operations for Investment Allowance, Deduction under Sections 80-IA/80-I/80-IB and 100% Depreciation under the Income-tax Act, 1961
Facts of the
CaseM/s HLS India Ltd. (subsequently known as HLS Asia
Ltd.) was engaged in providing petro-physical and completion services in
connection with the exploration and production of hydrocarbons. The company
...
Director of Income Tax vs. M/s. Mitsubishi Corporation (and M/s. Jacabs Civil Incorporated): Section 234B Interest Deleted for Non-Resident as Tax was Fully Deductible at Source; Retrospective Levy of Section 234D Interest Rejected
Facts of the CaseThe Revenue preferred a batch of appeals under Section 260A of
the Income Tax Act, 1961, challenging a series of concurrent orders passed by
the Income Tax Appellate Tribunal (ITAT) which deleted inter...
Bela Juneja vs Commissioner of Income Tax (Delhi High Court) – Addition under Section 69 for Unexplained Investment in Property Upheld | ITA No. 779/2011
Facts of the Case
A
search and seizure operation under Section 132 of the Income-tax Act was conducted
on 22 September 2005 at the residence of Shri Pravin Juneja.
During
the search, documents relat...
Yamaha Motor India Private Limited vs Assistant Commissioner of Income Tax | Delhi High Court Grants Liberty to Pursue Statutory Appeal Against Reassessment Orders
Facts of the Case
Yamaha
Motor India Private Limited filed writ petitions before the Delhi High
Court concerning reassessment proceedings initiated by the Income Tax
Department.
During
the hea...
Commissioner of Income Tax vs. Ravi Dass Garg & Connected Assessees | Delhi High Court Upholds Deletion of Search Assessment Additions on Identical Facts Following CIT v. Smt. Seema Tripathi
Facts of the CaseA search operation was conducted at the premises of
a group that included the respondent/assessee, Ravi Dass Garg. Pursuant to the
search proceedings, the Revenue made certain additions in the assessme...