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.

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09/06/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 33
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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

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My Tax Expert
09/06/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 36
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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

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09/06/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 32
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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

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My Tax Expert
09/06/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 30
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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 ...

Commissioner of Income Tax v. Rohit Anand [2010] 2010:DHC:4043-DB (Delhi High Court).

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My Tax Expert
09/06/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 33
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Facts of the CaseThe Revenue filed an appeal under Section 260A of the Income Tax Act, 1961 challenging the order passed by the Income Tax Appellate Tribunal for Assessment Year 2006-07.The assessee, Rohit Anand, was ...

Commissioner of Income Tax vs. Mr. I.P. Chaudhari (Delhi High Court) – Applicability of Section 52 on Transfer of Shares to Relatives and Requirement of Proof of Understatement of Consideration

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09/06/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 29
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Facts of the Case The assessee transferred 3,500 equity shares of M/s Rentiers & Financiers (P) Ltd. to his family members. The shares having a face value of Rs. 800 per share were transferred at Rs. ...

Commissioner of Income Tax vs Blue Bird Group Assessees | Block Assessment Additions on Alleged Bogus Gifts Cannot Survive Without Incriminating Material Found During Search | Delhi High Court

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My Tax Expert
09/06/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 27
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Facts of the Case A search and seizure operation was conducted at the residential and business premises of the Blue Bird Group of Companies. Following the search, notices for block assessment were issued to ...

Commissioner of Income Tax v. Blue Bird Group Assessees (ITA Nos. 81, 85, 158, 283, 523 & 1307 of 2009) – Block Assessment Additions on Alleged Bogus Gifts Cannot Survive Without Incriminating Material Found During Search

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My Tax Expert
09/06/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 36
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Facts of the CaseA search and seizure operation was conducted at the residential and business premises of the Blue Bird Group of Companies, to which the assessees belonged. Pursuant to the search operation, notices for...

Multiplex Trading & Industrial Co. Ltd. Vs Income Tax Officer: Delhi High Court Ruling on ITAT's Power of Enhancement and De Novo Remand Under Section 260A of Income Tax Act, 1961

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09/06/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 32
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Facts of the Case During the year 1999, the appellant was appointed as a handling agent by the Gujarat Electricity Board (GEB) to settle quality claims with South Eastern Coal Fields Ltd. (SECFL) on a...

Director of Income Tax vs. Raghuvanshi Charitable Trust & Others: Landmark Delhi High Court Ruling on Carry Forward and Set-Off of Deficit by Charitable Trusts under Section 11 of the Income Tax Act

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09/06/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 35
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Facts of the Case The Director of Income Tax and Director of Income Tax (Exemption) filed multiple appeals before the Delhi High Court against several entities, including Raghuvanshi Charitable Trust,...