Blog Categories
All Posts
Accounting Standard 8
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.
Commissioner of Income Tax-IV, New Delhi vs. M/s Dharampal Premchand Ltd.: Leviability of Penalty under Section 271(1)(c) of the Income Tax Act, 1961 on Debatable Issues of Head Office and Unit-Wise Expense Allocations
Facts of the Case
Assessee
Profile and Manufacturing Activities: The
respondent-assessee, M/s Dharampal Premchand Ltd., was actively engaged in
the business of manufacturing flavored chewing tobacco a...
Commissioner of Income Tax vs. Assessee (Name Not Reflected in Order) | Delhi High Court Dismisses Revenue Appeal as Infructuous After Fresh Assessment Accepted Export Sales | ITA No. 971/2009
Facts of the
Case
The Revenue filed an appeal before the Delhi High Court against the
order passed by the Income Tax Appellate Tribunal.
During the proceedings, counsel for the assessee produced a copy of
...
Ritz Theatre vs Income Tax Officer (Delhi High Court) – Service of Notice under Section 148 Once Finally Decided Cannot Be Reopened in Remand Proceedings | Reassessment Proceedings under Sections 147 & 148 of the Income-tax Act
Facts of the
CaseThe assessee, Ritz Theatre, filed income tax
returns for the relevant assessment years. The Assessing Officer noticed that
the assessee had made a declaration under the Voluntary Disclosure of Income
...
Comprehensive Appellate Judgment on the Scope of Revisionary Jurisdiction Under Section 263 of the Income Tax Act, 1961: Commissioner of Income Tax, Delhi-IV v. M/s. International Travel House Ltd. — Judicial Determination on Valid Alternative Accounting Methodologies, Netting Off of Commission Concessions, and the Prohibition Against Roving or Fishing Inquiries by the Commissioner When the Assessing Officer Has Fully Applied His Mind
Facts of
the Case
Assessee
Profile & Original Return: The respondent-assessee,
M/s International Travel House Ltd., operates professionally as a travel
agent and tour operator. For the Asse...
Validity of Reassessment Under Section 147: Signature Hotels (P) Ltd. vs. Income Tax Officer-Ward 8(4) & Anr.
Facts of the Case
The
Petitioner, Signature Hotels (P) Ltd., is a company incorporated on
September 30, 2002.
For
the assessment year 2003-04, the Petitioner filed its return of income on
Mar...
Appellant vs. Respondent-Revenue: Legal Effect of Dismissing a Tax Appeal as "Not Pressed" under Section 260A of the Income Tax Act, 1961 | Delhi High Court
Facts of the CaseThe matter arose out of an income tax appeal docketed as ITA
No. 188/2009 before the Hon’ble High Court of Delhi. The appeal was
preferred by the appellant under the statutory framework of the Income...
Subhash Verma vs. Assistant Commissioner of Income Tax: Evidentiary Value of Unverifiable Customer Claims and Unexplained Cash Post-Search Under Section 158BC
Facts of the Case
A
search and seizure operation under Section 132(1) of the Income Tax Act,
1961, was conducted on March 4, 2002, at the premises of the Appellant,
Subhash Verma, and his father.
D...
The Commissioner of Income Tax-XVI vs. Karan Bihari Thapar (2010): Substantive vs. Clarificatory Nature of Amendment to Section 6(6) of the Income Tax Act, 1961 and Determination of Residential Status for Global Income Taxation
Facts of the Case
Assessment
Proceedings and Global Income Discovery: During the statutory
assessment proceedings for the Assessment Years 1998–1999 and 1999–2000,
the Assessing Officer (AO) obser...
Appellant vs. Respondent (In the High Court of Delhi) | Dismissal of Income Tax Appeal for Non-Prosecution due to Non-Appearance of Appellant under Section 260A of the Income-tax Act, 1961
Facts of the CaseThe matter pertains to a statutory Income Tax Appeal
designated as ITA No. 241/2010, filed before the Hon'ble High Court of
Delhi. The appeal was preferred under the provisions governing direct tax
li...
Commissioner of Income Tax-XVI vs. Karan Bihari Thapar: On Whether the Substantive Amendment Altering 'Resident but Not Ordinarily Resident' (RNOR) Status Criteria and Scope of Global Taxable Income Under Section 6(6) of the Income Tax Act, 1961 Operates Retrospectively or Prospectively
Facts of the Case
Assessment
Years in Question: The matter pertains to the Assessment
Years (AY) 1998-1999 and 1999-2000.
Taxpayer's
Claim: During the assessment proceedings for these
years, ...