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
The Commissioner of Income Tax-III vs. Saroj Metal Work Pvt. Ltd.: Deletion of Purchase Inflation Disallowance by ITAT Sustained under Section 260A Due to Lack of Substantial Question of Law
Facts of the Case
Business
Profile: The Respondent-Assessee was a manufacturer
of LPG cylinders. It supplied these cylinders to three major oil public
sector undertakings (PSUs), namely Bharat Petrole...
Commissioner of Income Tax vs. M/s Bhag Chand Ajay Kumar | Delhi High Court Dismisses Revenue Appeal Following Hotel Blue Moon Principle
Facts of the CaseThe Commissioner of Income Tax filed Income Tax
Appeals No. 819 of 2010 and 870 of 2010 before the Delhi High Court against M/s
Bhag Chand Ajay Kumar. During the hearing, counsel appearing for the Reve...
Commissioner of Income Tax vs. Vikhyat Properties Pvt. Ltd. (2010) – Deletion of Section 68 Addition on Account of Share Application Money and the Principle of 'Source of Source'
Facts of the CaseThe respondent-assessee, M/s Vikhyat Properties Pvt. Ltd.,
received an aggregate sum of ₹2,22,75,000/- towards share capital from multiple
investors during the assessment year 1999-2000. In support o...
Commissioner of Income Tax Vs. Asian Technocrates P.Ltd. (2010): Delhi High Court Ruling on the Imposition of Notional Interest Not Due or Collected under Section 260A of the Income Tax Act, 1961
Facts of the Case
The
Revenue Department (Commissioner of Income Tax) filed appeals (ITA
931/2010 and ITA 932/2010) before the High Court of Delhi at New Delhi
against the assessee, Asian Technocrates...
Commissioner of Income Tax v. Raj Kumar Gupta & Connected Matters [2010] 2010:DHC:12089 (Delhi High Court) – Section 40A(3) Disallowance Not Applicable to Kachha Arhatia Commission Agents Procuring Agricultural Produce
Facts of the
CaseThe Revenue preferred multiple appeals under
Section 260A of the Income-tax Act, 1961 against a common order passed by the
Income Tax Appellate Tribunal (ITAT). The dispute pertained to Assessment Yea...
Commissioner of Income Tax v. Ram Lal Gupta (2010) – Section 40A(3) Disallowance Not Applicable to Kachha Arhtiya Acting as Commission Agent for Procurement of Agricultural Produce | Delhi High Court
Facts of the
CaseThe assessee, Ram Lal Gupta, was engaged in the
business of a Kachha Arhtiya dealing in procurement of agricultural
commodities for mill owners and earning commission on such transactions. During
ass...
Commissioner of Income Tax v. Ram Lal Gupta & Raj Kumar Gupta (Delhi High Court) – Applicability of Section 40A(3) to Cash Payments Made by Kachha Arhtiya for Procurement of Agricultural Produce.
Facts of the
Case
The assessees were engaged in the business of agricultural produce
procurement as Kachha Arhtiyas and earned commission income.
During assessment proceedings, the Assessing Officer examined
...
Commissioner of Income Tax vs. Ram Lal Gupta (Delhi High Court) – Section 40A(3) Not Applicable to Kachha Arhtiya Acting as Commission Agent for Procurement of Agricultural Produce
Facts of the CaseThe assessee, Ram Lal Gupta, was engaged in the
business of procuring agricultural commodities such as wheat and channa for
mill owners on a commission basis as a Kachha Arhtiya. He procured agricultur...
Commissioner of Income Tax vs. Raj Kumar Gupta | Delhi High Court Upholds Non-Applicability of Section 40A(3) to Kachha Arhtiya Acting as Commission Agent for Agricultural Produce Procurement
Facts of the
CaseThe assessee, Raj Kumar Gupta, was engaged in the
business of procurement of agricultural produce as a Kachha Arhtiya
(commission agent) through his proprietary concern. The assessee procured
agricul...
Commissioner of Income Tax v. Ram Lal Gupta
Facts of the Case
The assessee, proprietor of M/s Mangal & Co., earned commission
income by procuring agricultural commodities for mill owners.
For Assessment Year 2006-07, the assessee filed his return
...