Mother Dairy Fruit & Vegetable Pvt. Ltd. vs. CIT: TDS on Salary Paid to Non-Residents Outside India | Delhi High Court Judgment

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Facts of the CaseThe Appellant, an Indian company, maintained a marketing office in Rotterdam, Netherlands, to support its export operations. During the assessment year 2002-03, the company remitted funds from India to...

Karan Raghav Export (P) Ltd. vs Commissioner of Income Tax (Delhi High Court) – Depreciation on Building Contributed to Partnership Firm and Deductibility of Insurance Premium under Sections 32, 10(2A), 14A & 28(v) of the Income-tax Act, 1961

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Facts of the CaseThe assessee, Karan Raghav Export (P) Ltd., was a private limited company and owner of a factory building situated at 225, Udyog Vihar, Phase-I, Gurgaon, Haryana.The assessee became a partner in a part...

Commissioner of Income Tax vs. Paramount Communications Ltd.: Deletion of Deemed Addition Under Section 68 on Account of Excess Surrendered Stock Discovered During Survey Operation Under Section 133A of Income Tax Act 1961

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Facts of the Case Survey Operations: On 24th December, 2002, a regular survey operation under Section 133A of the Income Tax Act, 1961, was carried out by the Revenue authorities on the business premi...

Commissioner of Income Tax vs. M/s. Paramount Products (P) Ltd.: Remand for Fact-Finding on Eligibility of Weighted Deduction Under Section 35B(1)(b)(iv) of the Income-tax Act on Commission Paid to Foreign Agents Without Verification of Agency Agreements

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Facts of the Case Assessee and Assessment Years: The case involves a single corporate assessee, M/s. Paramount Products (P) Ltd., and pertains to two specific assessment years: 1982-83 and 1983-84. ...

Case Title (Google Search Optimized VS Form): The Commissioner of Income Tax Vs. M/s Harparshad & Company Ltd. (2010) | Deletion of Penalty under Section 271(1)(c) of Income Tax Act for Ex-Facie Bogus Commission Claim without Proof of Business Services Rendered.

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2. Facts of the Case The respondent-assessee (M/s Harparshad & Company Ltd.) filed its income tax return for the Assessment Year 1979-1980. In the return, the assessee claimed a business deduct...

Commissioner of Income Tax-III vs. Jee Apparel P Ltd: Share Application Money and Identity of Shareholders under Section 68 of the Income Tax Act, 1961

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Facts of the CaseThe Assessee-company, M/s Jee Apparel P Ltd, filed its return of income for the Assessment Year 2004-2005 on October 31, 2004, declaring a net taxable income of Rs. 1,86,590/-. During the assessment p...

Commissioner of Income Tax vs. Triveni Engineering & Industries Ltd.: Whether 4th Proviso to Section 32(1) Restricting Aggregate Depreciation is Retrospective or Prospective in Cases of Corporate Amalgamation and Pre-Amendment Block Asset Transfers

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2. FACTS OF THE CASE The case involves a bunch of statutory income tax appeals filed by the Revenue against a common assessee, M/s Triveni Engineering & Industries Ltd.. The primary dispute center...

Commissioner of Income Tax vs. M/s Triveni Engineering & Industries Ltd. — Whether 100% Depreciation can be Claimed Individually by Both Amalgamating and Amalgamated Companies on Same Assets under Section 32(1) Prior to the Introduction of the Fourth Proviso | Delhi High Court Case Law Analysis (ITA No. 258/2009)

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3. Facts of the Case During the relevant financial year pertaining to Assessment Year (AY) 1995-96, the plant and machinery in question were initially owned and operated by M/s Triveni Engineering Wor...

Commissioner of Income Tax vs. Zoom Communication Pvt. Ltd. (Delhi High Court) – Penalty under Section 271(1)(c) for False and Unsustainable Claims of Deduction under Income Tax Act, 1961

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Facts of the CaseZoom Communication Pvt. Ltd., engaged in the business of hiring audio and video equipment, filed its return declaring taxable income of ₹1,21,49,861.During scrutiny assessment, the Assessing Officer ...

Commissioner of Income Tax vs. M/s Triveni Engineering & Industries Ltd.: Whether Amalgamating and Amalgamated Companies Can Individually Claim 100% Depreciation on the Same Asset Under Section 32(1) Prior to the 4th Proviso and the Overriding Power of Section 40A(7) Over Section 43B Regarding Approved Gratuity Provisions

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Facts of the CaseThe assessee, M/s Triveni Engineering & Industries Ltd., underwent a corporate amalgamation during the financial year relevant to the Assessment Year (AY) 1995-96. A scheme of amalgamation approved...