Blog Categories
All Posts
Accounting Standard 9
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.
Commissioner of Income Tax, Central-I vs M/s Seasons Textiles Ltd. (Delhi High Court, 2018) – Applicability of CBDT Circular No. 3/2018 on Low Tax Effect Appeals
Facts of the CaseThe present matter pertains to two appeals filed by the
Revenue before the Delhi High Court under Section 260A of the Income Tax Act,
1961. The appeals arose from orders passed in favor of M/s Se...
PR. Commissioner of Income Tax vs. Montage Enterprises Pvt. Ltd. (Delhi High Court, 2018) – Section 80-IB Deduction, Royalty Allocation & Reassessment under Section 153A
Facts of the CaseThe respondent-assessee, engaged in manufacturing flexible
packaging materials, operated three units located at Jammu, Malanpur, and
Noida. The Jammu unit was eligible for deduction under Section 80-IB...
Karan Luthra vs Income Tax Officer (ITO) | Delhi High Court | Section 276CC Income Tax Act | Non-Filing of Return Prosecution
Facts of the CaseThe petitioner, Karan Luthra, failed to file income tax
returns within the prescribed time for Assessment Years 2003-04, 2004-05, and
2005-06 under Section 139(1) of the Income Tax Act. Despite i...
R. Commissioner of Income Tax–6 vs Mary Kay Cosmetics Pvt. Ltd. (2018) – Delhi High Court | Section 37(1) & Transfer Pricing | Bright Line Method Rejected
Facts of the Case
The
respondent-assessee, Mary Kay Cosmetics Pvt. Ltd., was a wholly owned
subsidiary of a US-based entity engaged as an exclusive distributor of
products in India.
The
...
PR. Commissioner of Income Tax vs. Montage Enterprises Pvt. Ltd. (Delhi High Court, 2018) – Section 80-IB Deduction, Royalty Allocation & Reassessment under Section 153A
Facts of the CaseThe respondent-assessee, engaged in manufacturing flexible
packaging materials, operated three units located at Jammu, Malanpur, and
Noida. The Jammu unit was eligible for deduction under S...
Karan Luthra vs Income Tax Officer (ITO) | Delhi High Court | Section 276CC Income Tax Act – Prosecution for Non-Filing of Returns Upheld
Facts of the CaseThe petitioner (assessee) failed to file income tax returns
for Assessment Years 2003–04, 2004–05, and 2005–06 within the prescribed time
under Section 139(1) of the Income Tax Act. Despite issua...
Commissioner of Income Tax (Exemption) vs. Society for Indian Automobile Manufacturers (2018) – Delhi High Court | Section 260A, 12A, 80G Income Tax Act
Facts of the CaseThe present appeal was filed by the Revenue under Section
260A of the Income Tax Act, 1961 against the order of the Income Tax Appellate
Tribunal for Assessment Year 2011–12.The assessee, Society for...
Principal Commissioner of Income Tax-7 vs Rambagh Palace Hotels Pvt. Ltd. (2018) – Section 37(1) Disallowance of Repair & Maintenance Expenses
Facts of the Case
The
assessee, Rambagh Palace Hotels Pvt. Ltd., claimed substantial repair
and maintenance expenses for AY 2005–06.
The
Assessing Officer (AO):
Allowed
₹4.0...
R. Commissioner of Income Tax–6 vs Mary Kay Cosmetics Pvt. Ltd. (2018) – Delhi High Court | Section 37(1) & Transfer Pricing | Bright Line Method Rejected
Facts of the Case
The
respondent-assessee, Mary Kay Cosmetics Pvt. Ltd., was a wholly owned
subsidiary of a US-based entity engaged as an exclusive distributor of
products in India.
The
...
Commissioner of Income Tax vs M/s Ansal Properties and Industries Ltd. (Delhi High Court) – Taxability of Security Deposit as Undisclosed Income under Sections 158B(b), 158BA & 260A of the Income Tax Act, 1961
Facts of the CaseThe case arose from a search and seizure operation under
Section 132 conducted on the Ansal Group. During the search, a confidential
note was seized indicating that a transaction involving ₹42 ...