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
Commissioner of Income Tax v. BSES Yamuna Powers Ltd. | Delhi High Court | Depreciation @ 60% on Computer Peripherals and Accessories as Integral Part of Computer System under Income-tax Act
Facts of the
Case
The Revenue filed an appeal under
Section 260A of the Income-tax Act, 1961 against the order of the Income
Tax Appellate Tribunal relating to Assessment Year 2004-05.
The dispute arose ...
M/s SKK Ltd. vs Union of India & Others | Delhi High Court Grants Interim Relief for Clearance of Attached Excise-Paid Goods Pending BIFR Proceedings
Facts of the CaseThe petitioner company had filed a writ petition
before the Delhi High Court. During the hearing, the petitioner informed the
Court that it intended to withdraw the writ petition and the accompanying
...
National Financial Reporting Authority (NFRA) vs M/s Pathak H.D. & Associates (FRN 107783W), CA Parimal Kumar Jha & CA Vishal D. Shah | Order under Section 132(4) of the Companies Act, 2013
Facts of the CaseReliance Capital Limited (RCL), a listed financial
services company, was jointly audited for FY 2018-19 by Price Waterhouse &
Co LLP (PW) and M/s Pathak H.D. & Associates (PHD).During the audit...
Ex. Capt. Vikas Gupta v. Commissioner of Income Tax (Appeals)-XXX | Delhi High Court | Addition under Section 68 Deleted Where Housing Installments Were Paid Through Relatives’ Bank Account and Source Was Properly Explained
Facts of the Case
The
assessee, Ex. Capt. Vikas Gupta, was allotted a flat by U.P. Awas Vikas
Parishad, Vasundhara, Ghaziabad under the Armed Forces category in May
1999.
The
cost of the flat ...
Commissioner of Income Tax XIII vs. Veena Gupta & Connected Assessees (Delhi High Court) – Mandatory Recording of Satisfaction under Section 158BD Before Initiating Block Assessment Proceedings
Facts of the Case
A search and seizure operation under Section 132 of the Income-tax
Act was conducted in the case of Manoj Aggarwal on 30.08.2000.
During the search, various documents and materials were ...
Sanjay Ghai vs Deputy Commissioner of Income Tax & Others [Delhi High Court] – Section 179 of the Income Tax Act, 1961 | Director’s Liability for Tax Dues and Violation of Principles of Natural Justice
Facts of the
CaseThe petitioner, Mr. Sanjay Ghai, challenged an
order dated 14 November 2007 passed under Section 179 of the Income Tax Act,
1961 by the Assistant Commissioner of Income Tax.The Income Tax Department c...
National Financial Reporting Authority (NFRA) vs PCN & Associates and CA Gopala Krishna Kandula | Non-Cooperation with NFRA Investigation, Professional Misconduct and Auditor Accountability
Facts of the CaseThe National Financial Reporting
Authority initiated an investigation into the professional conduct of the
statutory auditors of Brightcom Group Limited in relation to the audits
conducted for FY 2014...
Commissioner of Income Tax v. Securities Brokers of India Ltd. | Delhi High Court on Mandatory Satisfaction under Section 158BD of the Income Tax Act, 1961 CIT v. Securities Brokers of India Ltd. (2011) – Delhi High Court Clarifies Recording of Satisfaction under Section 158BD Before Block Assessment Proceedings
Facts of the CaseA search operation under Section 132 of the Income
Tax Act was conducted in the case of Manoj Aggarwal. During the search, various
documents and materials were seized.The Assessing Officer handling the...
Commissioner of Income Tax v. Assessee – Delhi High Court Dismisses Revenue Appeal Due to Low Tax Effect Under CBDT Instruction No. 3/2011 | ITA No. 1107/2009
Facts of the
CaseThe Revenue preferred an appeal before the Delhi
High Court under the Income-tax Act. During the proceedings, it was brought to
the Court's notice that the tax effect involved in the appeal was below ...
National Financial Reporting Authority (NFRA) vs M/s S. Prakash Aggarwal & Co. | NFRA Imposes ₹5 Lakh Penalty for Professional Misconduct and Audit Lapses in Vikas WSP Limited FY 2019-20 Audit
Facts of the CaseThe National Financial Reporting Authority (NFRA)
initiated proceedings against M/s S. Prakash Aggarwal & Co., the
statutory auditor of Vikas WSP Limited (VWL) for the Financial Year
2019-20.The p...