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.
SURAM TRUST & ORS vs DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE EXEMPTION 1(1), DELHI & ORS (2023) – Delhi High Court on ITR Filing Glitches for Private Trusts under Section 119 of Income Tax Act
Facts of the CaseThe petitioners, being private discretionary trusts, were
filing their income tax returns as individual assessees using ITR-2. However,
from Assessment Years 2021–22 and 2022–23, they were required...
Suram Trust & Ors. vs Deputy Commissioner of Income Tax & Ors. (Delhi High Court, 2023) – Issue of ITR Form Change & Loss of Deductions for Private Trusts
Facts of the Case
The
petitioners are private discretionary trusts.
They
were earlier filing returns as individual assessees using ITR-2.
From
Assessment Years 2021–22 and 2022–23, they were...
Principal Commissioner of Income Tax, Central-3, Delhi vs Sunar Jewels Pvt. Ltd. | Delhi High Court | Section 14 IBC & Income Tax Appeal Closure
Facts of the CaseThe appeal was filed by the Revenue against the order dated
12.10.2022 passed by the Income Tax Appellate Tribunal concerning Assessment
Year 2011–12.The Tribunal had closed the Revenue’s appeal on...
RTPL Marketing Private Limited vs Income Tax Officer, Ward-20(3), New Delhi (Delhi High Court, AY 2019–20, Section 148A(d) Reassessment Proceedings Case)
Facts of the CaseThe petitioner, RTPL Marketing Private Limited, was
subjected to reassessment proceedings for Assessment Year 2019–20 based
on suspicious financial transactions flagged by Punjab National Bank.
An
...
Srivenkateshwar Tradex Pvt. Ltd. vs Principal Commissioner of Income Tax & Anr. – Reassessment Proceedings Set Aside Due to Violation of Statutory Time Limit under Section 148A(b) of Income Tax Act, 1961
Facts of the CaseThe petitioner, Srivenkateshwar Tradex Private Limited, was
subjected to reassessment proceedings for Assessment Year 2019–20. The
Assessing Officer issued a notice under Section 148A(b) alleging bog...
Heritage Holidays Pvt. Ltd. vs Assistant Commissioner of Income Tax (Delhi High Court, 2023) – Reassessment u/s 148A Upheld; Issues under Sections 50C, 43CA & 2(47)(v) Examined
Facts of the CaseThe petitioner, Heritage Holidays Pvt. Ltd., filed a
writ petition challenging reassessment proceedings initiated for Assessment
Year 2019–20 under the Income Tax Act, 1961.
A
notice dated 15...
Usha Gupta vs Income Tax Officer, Ward-36(1), Delhi & Ors. (Delhi High Court, 2023) – Reassessment Order Set Aside for Violation of Principles of Natural Justice under Sections 147 & 144B of the Income Tax Act
Facts of the CaseThe petitioner challenged an assessment order dated
18.05.2023 passed under Sections 147 read with 144B of the Income Tax Act for
Assessment Year 2013–14. A show cause notice dated 08.05.2023 was iss...
Commissioner of Income Tax (International Taxation)–2 vs M/s CSG International Ltd. | Delhi High Court | Section 9 & DTAA | Software Royalty Issue
Facts of the Case
The
assessee, M/s CSG International Ltd., was incorporated in the United
Kingdom and engaged in software-related services.
For
AY 2003–04, it declared income including fees for ...
PR. Commissioner of Income Tax-7 vs Oriental Bank of Commerce Ltd. (Now Merged with Punjab National Bank Ltd.) – Section 14A, 36(1)(vii) & Banking Taxation Issues | Delhi High Court
Facts of the
CaseThe present appeals were filed by the Revenue
before the Delhi High Court against the order dated 04.03.2022 passed by the
Income Tax Appellate Tribunal concerning Assessment Years 2013-14, 2014-15, a...
Nokia Corporation vs Deputy Commissioner of Income Tax Circle 2(2)(2) International Tax & Ors. | Delhi High Court | Refund Verification & Indemnity Bond Mechanism under Income Tax Law
Facts of the Case
The
petitioner claimed a total refund of ₹29.06 crore for AYs 1997–98
to 2002–03.
The
Revenue verified ₹22.46 crore out of the principal amount.
The
verified amou...