Blog Categories
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
Showing filtered results. Clear filters
Commissioner of Income Tax-XVI vs. Mohammad Rauff Nabi Bax & Connected Matters (Following Yoshio Kubo vs Commissioner of Income Tax): Taxability of Employer-Paid Taxes, Social Security Contributions and Non-Monetary Perquisites under Section 10(10CC) of the Income Tax Act
Facts of the CaseThe assessees were employees, largely expatriates
and foreign nationals employed in India, whose employers followed tax
equalization or tax-protection policies. Under these arrangements, employers
und...
Commissioner of Income Tax, Delhi Central-III vs Nirmal Bansal & Manju Bansal – Agricultural Land Beyond 8 KM Municipal Limits Not Taxable as Capital Asset under Section 2(14)(iii) of Income Tax Act | Delhi High Court
Facts of the
Case
The Revenue filed four appeals arising from a common order of the
Income Tax Appellate Tribunal pertaining to Assessment Years 2008-09 and
2009-10 involving assessees Smt. Nirmal Bansal a...
Commissioner of Income Tax, Delhi Central-III vs Nirmal Bansal & Manju Bansal – Exemption on Sale of Agricultural Land Beyond 8 KM Municipal Limits under Section 2(14)(iii) of Income Tax Act | Delhi High Court
Facts of the
Case
The assessees sold land situated at Village Hayatpur/Harsaru,
District Gurgaon.
The assessees claimed exemption from capital gains taxation on the
ground that the land constituted agric...
Commissioner of Income Tax, Delhi Central-III vs Nirmal Bansal & Manju Bansal – Exemption on Sale of Agricultural Land Beyond 8 KM Municipal Limits under Section 2(14)(iii) of the Income Tax Act, 1961 | Delhi High Court
Facts of the
Case
The assessees, namely Nirmal Bansal and Manju Bansal, sold plots of
land situated at Village Hayatpur/Harsaru, District Gurgaon.
The assessees claimed exemption from capital gains tax on the ...
Commissioner of Income Tax, Delhi Central-III vs Nirmal Bansal & Manju Bansal | Section 2(14)(iii) Income Tax Act – Agricultural Land Beyond 8 KM from Municipal Limits and Capital Gains Tax Exemption
Facts of the
Case
The Revenue filed four appeals against a common order of the Income
Tax Appellate Tribunal relating to Assessment Years 2008–09 and 2009–10
involving assessees Nirmal Bansal and Manju...
Commissioner of Income Tax Delhi-IV vs DLF Commercial Developers Limited | Taxability of One-Time Non-Refundable Membership Fees and Income Spread-Over Principle under Income Tax Act
Facts of the
Case
The assessee, DLF Commercial Developers Limited, provided access to
its Golf Course facilities through memberships.
It collected a one-time non-refundable membership fee from members.
The a...
Commissioner of Income Tax-IV vs Stratex Networks (India) Pvt. Ltd. | Delhi High Court | Sections 92B, 92C, 92CA & 260A of Income Tax Act | Transfer Pricing – Whether Domestic Installation and Maintenance Transactions Can Be Included for Computing Profit Level Indicator (PLI) under TNMM
Facts of the
Case
The assessee, Stratex Networks (India) Pvt. Ltd., was a
wholly owned subsidiary of Digital Microwave (Mauritius) Ltd., which
itself was a subsidiary of Digital Microwave Corporation USA.
...
Commissioner of Income Tax-XVI vs Jaswinder Singh | Taxability of Salary Income of Foreign Employees and Interpretation of Residential Status under the Income Tax Act | Delhi High Court
Facts of the
Case
The Revenue filed appeals against various assessees including Sh.
Jaswinder Singh and other similarly situated individuals.
The disputes related to taxation of salary and employment income
...
Commissioner of Income Tax–III vs M/s Suren International Pvt. Ltd. | Delhi High Court | Reassessment u/s 147/148 Beyond Four Years Without Failure to Disclose Material Facts Invalid | Section 68 Share Application Money Case
Facts of the CaseM/s Suren International Pvt. Ltd. filed its return
of income declaring taxable income for Assessment Year 2002–03. The return was
initially processed under Section 143(1) and subsequently selected fo...
Bharat Sanchar Nigam Ltd. (BSNL) vs Deputy Commissioner of Income Tax & Ors. | Reassessment under Sections 147, 148 and Applicability of Explanation 10 to Section 43(1) – Delhi High Court
Facts of the
Case
BSNL was incorporated as a Government of India enterprise pursuant
to the National Telecom Policy, 1999 for taking over telecom operations
previously carried out by the Department of Tele...