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Commissioner of Income Tax-V vs. M/s Rock Fort Metal & Minerals Ltd. | Section 68 Share Application Money Cannot Be Treated as Unexplained Cash Credit When Identity of Shareholders is Established | Delhi High Court

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10/06/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 58
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Facts of the Case The assessee company received share application money amounting to ₹42,50,000. During assessment proceedings, the Assessing Officer treated the amount as unexplained cash c...

Director of Income Tax (Exemption) vs. Parivar Sewa Sanstha: Assessing the Reasonableness of Salary Paid to Prohibited Persons and Safeguarding Charitable Exemptions Under Section 11, 12, and 13 of the Income Tax Act, 1961

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10/06/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 52
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Facts of the Case The Assessee, Parivar Sewa Sanstha, is a society engaged in charitable purposes, specifically operating 56 centers dedicated to family planning, maternal health, and child health car...

Commissioner of Income Tax-IV vs. M/s Durable Properties (Delhi High Court) – Addition under Section 68 Cannot Be Sustained When Advance Received Under Genuine Agreement to Sell is Supported by Documentary Evidence

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My Tax Expert
10/06/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 37
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Facts of the Case The assessee, M/s Durable Properties, entered into an Agreement to Sell dated 09.01.2003 for the sale of its flat situated at Vasant Kunj, New Delhi. The purchaser, M/s Fair N. Squ...

Commissioner of Income Tax vs. Assessee (Appeal Under Section 260A of the Income Tax Act, 1961 Regarding Principles of Res-Integra and Binding Nature of Co-Ordinate Bench Precedents)

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My Tax Expert
10/06/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 39
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Facts of the CaseThe Revenue (Income Tax Department) preferred two interconnected statutory cross-appeals before the Hon’ble Delhi High Court, registered as ITA No. 464/2011 and ITA No. 471/2011. These appeals were ...

Ravina Khurana Vs Commissioner of Income Tax, New Delhi & Ors [2011:DHC:3503-DB]: Recovery of Income Tax from Restrained Foreign Bank Accounts and Scope of Review Jurisdiction Under Order XLVII Rule 1 of CPC

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10/06/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 34
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FACTS OF THE CASE The applicant, Ravina Khurana, was a Director in the corporate entity M/s Ravina & Associates Pvt. Ltd. * On 6th March, 2006, the Central Bureau of Investigation (CBI) registered...

Commissioner of Income Tax-IV vs. M/s Durable Properties (Delhi High Court) – Addition under Section 68 Cannot Be Sustained When Advance Received Under Genuine Agreement to Sell is Supported by Documentary Evidence

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My Tax Expert
10/06/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 42
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Facts of the Case The assessee, M/s Durable Properties, entered into an Agreement to Sell dated 09.01.2003 for the sale of its flat situated at Vasant Kunj, New Delhi. The purchaser, M/s Fair N. Squ...

Ravina & Associates Pvt. Ltd. & Anr. Vs. Commissioner of Income Tax & Ors. – Scope of Review Jurisdiction under Section 260A/CPC in Income Tax Writ Proceedings: Dismissal of Re-hearing Claims in Garb of Factual Errors

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10/06/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 31
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Facts of the Case The applicant, M/s Ravina & Associates Pvt. Ltd., filed a Review Application (RP No. 364/2011) seeking a review of the High Court’s previous decision dated April 20, 2011, pass...

Palam Jain Educational & Welfare Society vs. Director General of Income Tax (Exemptions) | Threshold Criteria for Tax Exemption under Section 10(23C)(vi)

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10/06/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 36
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Facts of the Case The Petitioner, Palam Jain Educational & Welfare Society, is a society registered under the Societies Registration Act, 1860, and manages several unaided recognized minority scho...

Income Tax Reassessment Beyond Four Years: Validity of Section 148 Notice Without Section 151 Sanction and Independent Application of Mind – CIT vs. M/s Giesecke & Devrient India Pvt. Ltd.

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10/06/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 31
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Facts of the Case The regular assessment of the assessee for the relevant assessment year was completed under Section 143(3) of the Income-Tax Act, 1961 on March 26, 2004. After a lapse of mo...

Commissioner of Income Tax v. Bhushan Kumar (Delhi High Court) – Validity of Reassessment under Section 148 Based on DVO Reference after Completion of Assessment | AY 1994-95 & 1995-96

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10/06/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 42
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Facts of the CaseThe assessee, Bhushan Kumar, was subjected to assessment proceedings for Assessment Years 1994-95 and 1995-96.For both assessment years, the Assessing Officer initiated reassessment proceedings by issu...