Blog Categories
All Posts
Accounting Standard 12
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.
Knowledge Portal
Click here to explore deep insights, FAQs, and comprehensive tax guides.
Explore Now
Commissioner of Income Tax v. M/s Gangeshwar Ltd. – Deletion of Addition Towards Molasses Storage Fund | Whether Amount Collected for Molasses Storage Fund Constitutes Taxable Income? | Delhi High Court
Facts of the
Case
The Revenue preferred an appeal before the Delhi
High Court against the order of the Income Tax Appellate Tribunal (ITAT), which
had upheld the decision of the Commissioner of Income Tax (Appeals)...
Commissioner of Income Tax v. M/s Gangeshwar Ltd. – Deletion of Addition Towards Molasses Storage Fund Receipts | Delhi High Court
Facts of the CaseThe Revenue challenged the order of the Income Tax
Appellate Tribunal (ITAT) and the Commissioner of Income Tax (Appeals) [CIT(A)]
whereby an addition of Rs. 6,69,708/- made in the hands of the assesse...
Commissioner of Income Tax v. Sushila Sharma (2005) – Delhi High Court | Income Tax Appeal Dismissed Following Earlier Precedent| under section 1961 income tax act
Facts of the
CaseThe Revenue, through the Commissioner of Income
Tax, filed an appeal before the Delhi High Court against the order passed in
favour of the assessee, Sushila Sharma. The dispute raised in the appeal
w...
Commissioner of Income Tax v. M/s Cosmo Audio & Video Enterprises – Penalty under Section 271(1)(c) on Assessed Loss/Negative Income | Delhi High Court
Facts of the
CaseThe Revenue filed an appeal before the Delhi High
Court challenging the order of the Income Tax Appellate Tribunal (ITAT), which
had deleted the penalty imposed under Section 271(1)(c) of the Income-t...
Commissioner of Income Tax, Delhi vs M/s Brawn Pharmaceutical Pvt. Ltd. – Penalty Under Section 271(1)(c) Can Be Levied Even Where Assessed Income Remains a Loss
Facts of the CaseThe Revenue challenged the order of the Income Tax
Appellate Tribunal (ITAT), which had deleted the penalty imposed under Section
271(1)(c) of the Income-tax Act, 1961. The Tribunal proceeded on the ba...
The Commissioner of Income Tax vs. M/s. Usha Stud & Agricultural Farms Pvt. Ltd. — Whether the Revenue Can Reject a Consistently Followed Method of Accounting and Livestock Stock Valuation under Section 145 of the Income Tax Act when No Prejudice is Caused to the Department and the Entire Sale Consideration is Offered as Taxable Income: Question of Fact vs. Question of Law.
Facts of the Case
The
respondent-assessee is a private limited company engaged in the commercial
business of breeding and maintaining horses, alongside running
agricultural activities whose produce is...
Commissioner of Income Tax, Delhi v. M/s Brawn Pharmaceutical Pvt. Ltd. – Penalty under Section 271(1)(c) on Assessed Loss Cases after Insertion of Explanation 4 | Delhi High Court (2005)
Facts of the
CaseThe Revenue challenged the order of the Income Tax
Appellate Tribunal (ITAT), which had deleted the penalty imposed under Section
271(1)(c) of the Income-tax Act, 1961. The Tribunal had taken th...
Commissioner of Income Tax v. M/s Autodecor Pvt. Ltd. (2005) – Penalty under Section 271(1)(c) on Assessed Loss Cases after Explanation 4 to Section 271(1)(c) | Delhi High Court
Facts of the CaseThe Revenue filed an appeal before the Delhi High
Court challenging the order of the Income Tax Appellate Tribunal (ITAT), which
had deleted the penalty imposed under Section 271(1)(c) of the Inc...
Commissioner of Income Tax v. M/s Autodecor Pvt. Ltd. (2005) – Penalty under Section 271(1)(c) on Assessed Loss Cases after Explanation 4 to Section 271(1)(c) | Delhi High Court
Facts of the CaseThe Revenue filed an appeal before the Delhi High
Court challenging the order of the Income Tax Appellate Tribunal (ITAT), which
had deleted the penalty imposed under Section 271(1)(c) of the Inc...
Comprehensive Case Analysis: Commissioner of Income Tax vs. M/s. Usha Stud & Agricultural Farms Pvt. Ltd. (With ITA No. 106/2003 - CIT vs. Ameeta Mehra) on Stock Valuation of Livestock under Section 145 and Factual Determinations in Assessment
Facts of the Case
The
respondent-assessee (M/s. Usha Stud & Agricultural Farms Pvt. Ltd.)
is a private limited company engaged in the business of breeding and
maintaining horses, alongside underta...