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 Heaven Suppliers Pvt. Ltd. – Section 153C & Section 68 Additions Quashed in Absence of Incriminating Material (AY 2011-12 & 2012-13)
Facts of the Case
A
search under Section 132 was conducted on the J.P. Minda Group on
20.09.2013.
Certain
documents allegedly related to Heaven Suppliers Pvt. Ltd. (assessee)
were found durin...
Puneet Dhanda vs Principal Commissioner of Income Tax & Anr. (Delhi High Court, 2023) (Revisional Jurisdiction under Section 264 – Allowability of Set-Off of F&O Loss Omitted by Assessee)
Facts of
the CaseThe petitioner/assessee filed a writ petition challenging the
order dated 05.03.2021 passed by the Principal Commissioner of Income Tax
(PCIT), whereby the application under Section 264 of the Income ...
PR. Commissioner of Income Tax-7 vs M/s Security Printing and Mining Corporation of India Ltd (Delhi High Court) – Section 14A & CSR Expenses Disallowance | AY 2014-15
Facts of the CaseThe assessee, a public sector undertaking engaged in printing
banknotes and minting coins, filed its return declaring income of ₹512.53
crore.During assessment under Section 143(3), the Assessing Off...
Indus Towers Limited vs Assistant Commissioner of Income Tax & Anr. (Delhi High Court, W.P.(C) 12722/2023, Order dated 26.09.2023)
Facts of the CaseThe Petitioner, Indus Towers Limited, challenged the
intimation dated 01.09.2023 issued under Section 245 of the Income Tax Act,
1961, whereby the Respondent (Income Tax Department) adjusted the refund...
PR. Commissioner of Income Tax–12 vs M/s New Delhi Tyre House (Delhi High Court, AY 2013–14) – Taxability of Marketing Assistance Programme (MAP) Receipts
Facts of the
CaseThe respondent/assessee, M/s New Delhi Tyre House,
acted as a distributor for Exxonmobil Lubricants Pvt. Ltd. under a Marketing
Assistance Programme (MAP) agreement.During Assessment Year 2013–14:
...
Pepsico India Holding Pvt. Ltd. vs Commissioner of Income Tax (Delhi High Court) – Ad Hoc Disallowance & Validity of Assessment in Amalgamation Cases (AY 2013–14)
Facts of the
Case
The appeal pertains to Assessment Year 2013–14.
The Assessing Officer (AO) disallowed 10% of miscellaneous
expenses claimed by the assessee.
The CIT(A) reduced this disallowance to 2%. ...
Gudwala and Sons & Anr. vs Assistant Commissioner of Income Tax, Central Circle-4, Delhi (Delhi High Court, AY 2019–20, Section 148A Income Tax Act) – Reassessment Quashed Due to Lack of Material Evidence
Facts of the CaseThe
present writ petition pertains to Assessment Year (AY) 2019–20, wherein the
petitioners were subjected to reassessment proceedings initiated under Section
148A(b) of the Income Tax Act.The...
Assistant Commissioner of Income Tax-27, New Delhi vs. Montage Enterprises Pvt. Ltd. – Section 68 & Section 80IB Income Tax Act | Delhi High Court Judgment (2023)
Facts of the
CaseThe present appeal pertains to Assessment Year
2007–08, wherein the Revenue challenged the order of the Income Tax
Appellate Tribunal dated 14.01.2019. The dispute revolved around two key issues:
...
Incredible Unique Buildcon Pvt. Ltd. vs Income Tax Officer Ward (12)(1), New Delhi – Delhi High Court (2023)
Facts of the
CaseThe petitioner, Incredible Unique Buildcon Pvt.
Ltd., filed a writ petition concerning Assessment Year 2011–12. The
petitioner had provided services to Clutch Auto Ltd., which deducted tax at
sourc...
Karuna Abhushan Private Limited vs Assessment Unit, Income Tax Department & Ors (2023) – Delhi High Court | Violation of Natural Justice under Faceless Assessment Scheme (AY 2017-18)
Facts of the
CaseThe petitioner, Karuna Abhushan Private Limited,
challenged the assessment order dated 18.05.2023 passed by the Income Tax
Department for Assessment Year 2017–18.The petitioner contended that:
A d...