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
Sanjay Gupta vs Commissioner of Income Tax (CIT) | Section 132A, Section 158B, Section 158BC, Section 158BE & Section 158BFA(2) of Income Tax Act – Determination of Block Period in Requisition Cases and Assessment of Undisclosed Income
Facts of the Case
The
assessee earned commission income from property transactions and trading
of transistor parts and also acted as an informer for the Directorate of
Revenue Intelligence (DRI).
O...
Sanjay Gupta vs Commissioner of Income Tax (CIT) | Determination of Block Period under Sections 132A, 158B, 158BC & Penalty under Section 158BFA(2) of the Income Tax Act, 1961 – Delhi High Court
Facts of the Case
The
assessee, Sanjay Gupta, derived income through commission in property
transactions and trading activities and also worked as an informer for the
Directorate of Revenue Intelligen...
Council for the Indian School Certificate Examinations (CISCE) Vs. Director General of Income Tax (Exemptions) | Delhi High Court on Section 10(23C)(vi) Exemption for Educational Institutions and Surplus Generation
Facts of the Case
The
petitioner was a registered society engaged in maintaining educational
standards and conducting ICSE and ISC examinations.
The
petitioner had previously enjoyed exemption unde...
Maruti Insurance Distribution Services Ltd. vs Commissioner of Income Tax – Disallowance of Dealer Commission under Section 37(1) of the Income Tax Act | Delhi High Court
Facts of the CaseThe assessee, Maruti Insurance Distribution Services Ltd.,
was engaged in the business of corporate insurance agency operations through an
extensive network of Maruti dealers and workshops across India...
Commissioner of Income Tax-IV (CIT) vs Narinder Kr. Budhiraja – Addition under Section 69B for Undisclosed Investment Based on Assessee’s Statement and DVO Valuation Report | Penalty under Section 271(1)(c) | Delhi High Court
Facts of the CaseThe assessee purchased a built-up property at FD-22,
Pitampura, Delhi, measuring approximately 250 square meters. The registered
sale deed disclosed consideration of ₹20 lakh paid through cheque.Subs...
Commissioner of Income Tax-IV / CIT vs Narinder Kr. Budhiraja – Addition under Section 69B for Unexplained Investment Based on Assessee's Statement and DVO Valuation Report | Delhi High Court
Facts of the Case
The
assessee purchased a property measuring approximately 250 sq. meters at
Pitampura, Delhi.
Registered
sale consideration disclosed was ₹20 lakhs.
During
examination ...
Commissioner of Income Tax vs Global Associates | Penalty under Section 271(1)(c) for Furnishing Inaccurate Particulars in Claim of Liquidated Damages | Delhi High Court
Facts of the CaseThe assessee filed its return for Assessment Year 2008-09
and claimed deduction towards liquidated damages amounting to ₹17,24,24,025.The deduction arose from a contractual arrangement entered
into w...
Commissioner of Income Tax vs Global Associates | Penalty under Section 271(1)(c) for Furnishing Inaccurate Particulars in Claim of Liquidated Damages | Delhi High Court
Facts of the CaseThe assessee filed its return for Assessment Year 2008-09 and
claimed deduction towards liquidated damages amounting to ₹17,24,24,025.The deduction arose from a contractual arrangement entered
into w...
Mitsubishi Corporation India Pvt. Ltd. vs Additional Commissioner of Income Tax | Delhi High Court | Transfer Pricing Adjustment, Functional Profile & Arm's Length Price under Sections 92CA, 144C and 260A of the Income Tax Act
Facts of the CaseThe assessee, Mitsubishi Corporation India Pvt. Ltd., was a
wholly owned subsidiary of Mitsubishi Corporation, Japan. It filed its return
for Assessment Year 2006–07 declaring total income of ₹6,39...
Commissioner of Income Tax vs. M/s Itochu Corporation (Delhi High Court) – Tax on Tax Paid by Employer Exempt under Section 10(10CC) and No TDS Default under Section 195
Facts of the CaseThe Revenue (Commissioner of Income Tax) filed a series of
appeals against the respondent-assessee, Itochu Corporation. The case primarily
involved the taxability of "tax on tax" paid by an emplo...