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.
Principal Commissioner of Income Tax-9 vs Ibilt Technologies Ltd. (2018) – Rejection of Books u/s 145(3) Unsustainable Without Proper Defects & Mere Fall in Profit Not Sufficient
Facts of the CaseThe Assessing Officer (AO) rejected the books of accounts of
the assessee, Ibilt Technologies Ltd., for Assessment Year 2007–08 primarily on
the ground that the assessee declared a net loss of Rs. 16...
Surendra Kumar Jain & Anr. vs Principal Commissioner of Income Tax (Central)-III, New Delhi & Anr. | Delhi High Court | W.P.(C) 4305/2018 & Connected Matters | Judgment dated 01.10.2018
Facts of the
CaseThe petitioners, including Surendra Kumar Jain and
Virendra Jain, filed multiple writ petitions before the Delhi High Court
challenging actions taken by the Principal Commissioner of Income Tax
...
Commissioner of Income Tax, Central-I vs M/s Seasons Textiles Ltd. (2018) – Delhi High Court | Low Tax Effect Appeals Dismissed under CBDT Circular No. 3/2018
Facts of the CaseThe present matter involved two appeals filed by the Revenue
(Commissioner of Income Tax, Central-I) against M/s Seasons Textiles Ltd.
before the Delhi High Court. The dispute arose from orders p...
Surendra Kumar Jain & Anr. vs Principal Commissioner of Income Tax (Central)-III, New Delhi & Anr. | Delhi High Court | W.P.(C) 4305/2018 & Connected Matters | Order Dated 01.10.2018
Facts of the
CaseThe petitioners, including Surendra Kumar Jain and
Virendra Jain, filed multiple writ petitions against the Principal Commissioner
of Income Tax (Central)-III, New Delhi. These petitions arose o...
The Pr. Commissioner of Income Tax-7 vs Rambagh Palace Hotels Pvt. Ltd. (2018) – Ad Hoc Disallowance on Repairs & Maintenance Deleted | Section 260A, 147, 148 Income Tax Act
Facts of the Case
The
case pertains to Assessment Year 2003-04.
The
Assessing Officer reopened the assessment under Sections 147 and 148 based
on a complaint.
The
assessee claimed ex...
PR. Commissioner of Income Tax-4 vs Green Delhi BQS Ltd. (2018) – Section 260A | Revenue vs Capital Expenditure on Encashment of Bank Guarantee
Facts of the Case
The
respondent-assessee was engaged in the business of developing,
maintaining, and operating Bus-Q-Shelters (BQS) and similar
infrastructure.
It
entered into a conces...
Commissioner of Income Tax, Central-I vs M/s Seasons Textiles Ltd. (Delhi High Court) – Appeal Dismissed Due to Low Tax Effect under CBDT Circular No. 3/2018
Facts of the CaseThe Revenue preferred two appeals before the Delhi High
Court against the respondent, M/s Seasons Textiles Ltd. The appeals were filed
under Section 260A of the Income Tax Act, 1961.During the course o...
Maharaja Prithvi Raj & Ors. vs Commissioner of Income Tax & Ors. (Delhi High Court, 2018) – Consolidated Income Tax Appeals & Wealth Tax References
Facts of the CaseThe present matter is a batch of connected appeals and
references involving multiple assessees including members of erstwhile
royal families such as Maharaja Prithvi Raj and Maharaja Jai Singh.The case...
Commissioner of Income Tax vs Bhawani Singhji & Connected Royal Jaipur Estate Cases (2018:DHC:6485-DB) – HUF vs Individual Status, Impartible Estate & Primogeniture Explained
Facts of the CaseThe present case arises from a batch of connected matters
relating to income tax, wealth tax, and gift tax involving the erstwhile Jaipur
royal family. The lead matter concerned late Maharaja Saw...
Commissioner of Income Tax vs Maharaja Prithvi Raj & Others | Delhi High Court | Multiple ITA & ITR Matters | Taxation of Royal Estate & Connected Proceedings
Facts of the Case
The
matter involves a large batch of connected income tax appeals (ITA),
income tax references (ITR), and wealth tax references (WTR) filed
over several decades.
The
...