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.
PR. Commissioner of Income Tax (Central)-2 vs M/s Bharat Hotels Ltd. (2023) – Section 14A Disallowance Not Applicable Where No Exempt Income Earned | Delhi High Court
Facts of the CaseThe present appeal was filed by the Revenue challenging the
order dated 30.08.2022 passed by the Income Tax Appellate Tribunal (ITAT) for
Assessment Year 2017–18. The dispute pertained to the deletio...
Sanskriti Exim Pvt. Ltd. vs Deputy Commissioner of Income Tax (Delhi High Court, 2023) – Violation of Natural Justice in Assessment under Sections 153C, 142(1), 144 & 156 of Income Tax Act
Facts of the
CaseThe petitioner, Sanskriti Exim Pvt. Ltd.,
challenged six assessment orders dated 28.03.2023 passed for different
assessment years under Section 153C read with Section 144 of the Income Tax
Act.The pe...
PKS Buildmart Pvt. Ltd. vs Income Tax Officer & Anr. | Delhi High Court Quashes Reassessment Notices u/s 148 & 148A for Vagueness and Procedural Irregularity (AY 2019-20)
Facts of the
CaseThe petitioner challenged three notices issued by
the Income Tax Department concerning Assessment Year 2019–20:
Notice dated 27.03.2023 under Section 148A(b)
Notice dated 30.03.2023 under Sectio...
Deepak Jain vs Income Tax Officer Ward 44(1), Delhi & Ors (Delhi High Court) – Reassessment Quashed Due to Non-Fulfilment of Section 149 Threshold & Lack of Approval
Facts of the Case
The
case pertains to AY 2017–18.
Reassessment
proceedings were initiated by the Income Tax Department.
The
alleged escaped income was ₹30,70,526, which is below ₹50...
Principal Commissioner of Income Tax, Central-3, Delhi vs M/s Anant Overseas Pvt. Ltd. – Section 14A Disallowance Cannot Exceed Exempt Dividend Income | Delhi High Court
Facts of the CaseThe present case pertains to Assessment Year 2012–13, where
the assessee, M/s Anant Overseas Pvt. Ltd., earned dividend income amounting to
₹4,06,63,807 from Uflex Ltd., its promotee company, contr...
Intertek India Private Limited vs Assistant Commissioner of Income Tax & Anr. | Delhi High Court | Refund with Interest u/s 244A & Rectification Delay
Facts of the
Case
The petitioner was granted a refund of Rs. 8,25,03,352/- via
assessment order dated 08.09.2022.
However, the said refund did not include interest under Section
244A.
The petitioner ...
Principal Commissioner of Income Tax, Central-3, Delhi vs M/s Anant Overseas Pvt. Ltd. (Delhi High Court) – Section 14A Disallowance Cannot Exceed Exempt Dividend Income [AY 2012-13]
Facts of the CaseThe present appeals were filed by the Revenue against the
order dated 31.08.2022 passed by the Income Tax Appellate Tribunal concerning
Assessment Year 2012–13. The assessee, M/s Anant Overseas Pvt. ...
Sanskriti Exim Pvt. Ltd. vs Deputy Commissioner of Income Tax – Assessment Orders Quashed Due to Violation of Natural Justice under Sections 153C, 142(1), 144 & 156 of Income Tax Act, 1961 (Delhi High Court, 2023)
Facts of the
CaseThe petitioner, Sanskriti Exim Pvt. Ltd., challenged
six separate assessment orders dated 28.03.2023 passed for multiple assessment
years (AYs 2014–15, 2015–16, 2016–17, 2017–18, 2018–19, an...
IJM REWA (MAURITIUS) LTD vs Assistant Commissioner of Income Tax | Delhi High Court | Section 148A(b), 148A(d), 148 Income Tax Act | Reassessment Notice Set Aside Due to Lack of Opportunity
Facts of the CaseThe present writ petition pertains to Assessment Year 2019–20.
The petitioner contended that it did not receive the notice dated 04.03.2023
issued under Section 148A(b) of the Income Tax Act, 1961. I...
IJM Dewas (Mauritius) Ltd. vs Assistant Commissioner of Income Tax (Delhi High Court, 2023) – Reassessment Set Aside Due to Non-Service of Notice under Section 148A(b)
Facts of the CaseThe petitioner, IJM Dewas (Mauritius) Ltd., filed the
present writ petition concerning Assessment Year 2019–20 challenging
reassessment proceedings initiated by the Revenue.The core grievance of the ...