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 vs. Modi Xerox | Delhi High Court | Section 10B Deduction for 100% Export Oriented Unit (EOU) and Allowability of Sales Commission under Section 37 of the Income-tax Act, 1961
Facts of the
Case
Modi Xerox was engaged in the manufacture and sale of Xerox
machines and related products.
For Assessment Year 1997-98, the assessee declared nil taxable
income and disclosed income und...
Director of Income Tax vs. M/s. Jacabs Civil Incorporated (and M/s. Mitsubishi Corporation): Section 234B Interest Cannot Be Fastened on Non-Resident Corporate Assessees where Tax is 100% Deductible at Source by Payer
Facts of the CaseThe Revenue preferred a batch of appeals under Section 260A of
the Income Tax Act, 1961, challenging a series of orders passed by the Income
Tax Appellate Tribunal (ITAT) which had deleted interest lev...
Commissioner of Income Tax XIII vs. M/s Shri Chamunda Securities Pvt. Ltd. | Mandatory Recording of Satisfaction under Section 158BD Before Initiating Block Assessment Proceedings
Facts of the CaseThe present appeal formed part of a batch of appeals involving
interpretation of Section 158BD of the Income-tax Act, 1961. A search under
Section 132 was conducted in the case of Manoj Aggarwal on 30....
Commissioner of Income Tax vs. M/s. Nalwa Investments Ltd. – Legality of Set-Off of Brought Forward Business Losses Against Dividend Income under Section 72 and Section 56 of Income Tax Act
Facts of the Case
The
assessee, M/s. Nalwa Investments Ltd., a non-banking finance
company, earned dividend income of ₹44,51,317/- and claimed it as business
income to set off against previous years...
Commissioner of Income Tax v. Gulshan Kumar Luthra & Connected Assessees (2011) – Recording of Satisfaction under Section 158BD of the Income Tax Act
Facts of the CaseThe Revenue preferred a batch of appeals under Section 260A
of the Income Tax Act arising from block assessment proceedings initiated
against various assessees under Section 158BD.The controversy...
Commissioner of Income Tax vs. Centitech India Pvt. Ltd.: Section 37 Royalty Paid for Technical Assistance Upheld as Revenue Expenditure Based on Consistency Principle
Facts of the CaseThe Revenue preferred two connected appeals under Section 260A
of the Income Tax Act, 1961, challenging the consolidated order dated April 22,
2009, passed by the Income Tax Appellate Tribunal (ITAT), ...
Dinesh Kumar Goel vs Commissioner of Income Tax – Disallowance of Advertisement and Printing Expenses under Section 37 & Chapter XIV-B of Income Tax Act, 1961
Facts of the Case:The assessee, Sh. Dinesh Kumar Goel, filed his income
tax return for Assessment Year 1997-98 declaring a total income of ₹3,42,621,
claiming deductions for advertisement expenditure of ₹1,00,36,97...
The Commissioner of Income Tax XIII v. Radhey Shyam Bansal & Connected Matters (Delhi High Court, 30 May 2011) concerning Section 158BD of the Income-tax Act, 1961, the following SEO-optimized case law blog format is prepared.
FACTS OF THE CASEA search and seizure operation under Section 132 of the
Income-tax Act was conducted at the premises of Manoj Aggarwal on 30.08.2000.
During the search, various documents and diaries were seized. Based...
Commissioner of Income Tax v. S.P. Bhagat and Sons HUF & Connected Matters: Mandatory Recording of Satisfaction under Section 158BD of the Income Tax Act
Facts of the CaseThe present batch of appeals arose from search and seizure
proceedings conducted under Section 132 of the Income Tax Act. During the
course of search operations conducted in the case of Manoj Aggarwal,...
Director of Income Tax vs. M/s. Jacabs Civil Incorporated (and M/s. Mitsubishi Corporation): Section 234B Interest Cannot Be Charged from Non-Resident Assessees Where 100% Tax is Deductible at Source by Payer
Facts of the CaseThe Revenue filed a batch of appeals under Section 260A of the
Income Tax Act, 1961, challenging the orders of the Income Tax Appellate
Tribunal (ITAT) which deleted interest levied under Section 234B ...