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 4
Subscribe to Newsletter
Join our subscribers list to get the latest Tax Updates and Opportunities.
Palmtree Infracon Private Limited vs Income Tax Officer Ward 19(3), Delhi (2023) – Reassessment Based on Mere Suspicion Invalid under Income Tax Act
Facts of the CaseThe present writ petition was filed challenging:
Order
dated 25.07.2022 passed under Section 148A(d)
Notice
dated 26.07.2022 issued under Section 148
Notice
dated 21.05.2022 und...
PR. Commissioner of Income Tax (Central)-2 vs M/s S.G. Portfolio Pvt. Ltd. (Delhi High Court) – Reassessment Invalid Without Fresh Material | Sections 147, 148, 143(2), 144, 153C
Facts of the CaseThe present appeal arose from an order passed by the Income
Tax Appellate Tribunal concerning Assessment Year 2009–10. A search and
seizure operation under Sections 132 and 133A of the Income T...
Sahara India Life Insurance Co. Ltd. vs Assistant Commissioner of Income Tax (Delhi High Court) – Section 44 Overrides Disallowances under Sections 40(a) & 43B in Insurance Business
Facts of the CaseThe appellant/assessee, engaged in the business of life
insurance, filed its return for AY 2014-15. The Assessing Officer (AO) made
four disallowances:
Disallowance
of amortization of investmen...
PR. Commissioner of Income Tax-7 vs M/s RHC Holdings Pvt. Ltd. (Delhi High Court) – Section 14A Disallowance & Rule 8D Applicability | AY 2006-07
Facts of the CaseThe appeal was filed by the Revenue against the order of the
Income Tax Appellate Tribunal dated 03.04.2019 for Assessment Year 2006–07. The
core issue revolved around the correctness of disallowance...
PR. Commissioner of Income Tax-7 vs Om Nanotech Pvt Ltd (Delhi High Court) – Section 10AA Deduction Allowed on Trading (Re-export) Activities in SEZ
Facts of the CaseThe respondent/assessee, Om Nanotech Pvt Ltd, had established
two units in the Noida Special Economic Zone (NSEZ), one engaged in
manufacturing and the other in trading activities. The manufactur...
Arora Brothers Through Krishan Lal Arora vs Income Tax Officer Ward No. 47(1) & Anr. – Delhi High Court | Misalignment Between Show Cause Notice and Assessment Order | Rectification Remedy Allowed
Facts of the CaseThe petitioner challenged the assessment order dated
31.03.2022 concerning Assessment Year 2016–17 along with the consequential
demand notice. The dispute arose due to a significant discrepancy betwe...
Sanjay Kumar vs Assistant Commissioner of Income Tax & Anr. (Delhi High Court, 2023) – Reassessment u/s 147/148 Quashed for Lack of Jurisdiction & Non-Application of Mind
Facts of the CaseThe petitioner, Sanjay Kumar, purchased a commercial property
(flat) in Noida between FY 2013–14 and FY 2014–15 through instalment payments,
partly financed by a loan. He consistently disclos...
Aricent Technologies (Holdings) Ltd. vs Assistant Commissioner of Income Tax & Anr. – Refund Claim Allowed Due to Time-Barred Assessment under Section 153 (Delhi High Court)
Facts of the CaseThe petitioner, Aricent Technologies (Holdings) Ltd., sought
directions for refund of taxes originally paid/adjusted in the case of M/s
Flextronics Software Systems Ltd. (FSSL) for Assessment Year 2007...
Shubhank Garg vs Income Tax Officer & Anr. (Delhi High Court, 2023) – Faceless Assessment Invalid Without Personal Hearing under Section 144B
Facts of the CaseThe petitioner challenged multiple actions of the Income Tax
Department, including:
Notice
issued under Section 133(6) dated 05.12.2022
Proposal
under Section 144B dated 13.12.2022
F...
Pradeep Verma vs Income Tax Officer (Delhi High Court) – Reassessment under Sections 148A(b) & 148A(d) set aside for fresh consideration due to incomplete evidence evaluation
FACTS OF
THE CASE
The
petitioner filed an income tax return declaring income of Rs. 3,16,540/-
for AY 2014-15.
The
Revenue alleged that the petitioner purchased immovable property worth Rs.
...