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-IX vs Dapinder Paul Singh – Section 36(1)(iii) Income Tax Act | Allowability of Interest Deduction on Interest-Free Loans Advanced to Sister Concern on Grounds of Commercial Expediency
Facts of the CaseThe assessee was proprietor of M/s Peninsular Creations,
engaged in the business of 100% export of laminated sheets (Sunmica). The
assessee was also serving as Director in M/s Artmica Laminates Pvt. Lt...
Commissioner of Income Tax (Central)-I vs Navin Khanna & Connected Matters | Delhi High Court | Scope of Income Tax Assessment and Connected Appeals under the Income Tax Act
Facts of the CaseThe Revenue instituted a series of connected Income Tax
Appeals involving related parties and substantially similar questions arising
from assessment proceedings. During consideration of these matters,...
Commissioner of Income Tax (Central)-I vs. Navin Khanna & Connected Matters – Delhi High Court on Income Tax Appellate Issues in Connected Appeals)
Facts of the CaseThe present batch of appeals, including ITA 181/2015, 182/2015,
183/2015, 184/2015, 186/2015, 187/2015, and 188/2015, was brought before
the High Court of Delhi by the Commissioner of Income Tax (Centr...
Commissioner of Income Tax (Central)-III vs Flex International Pvt. Ltd. & Connected Matters | Delhi High Court | Section 68 of Income Tax Act – Addition on Share Capital and Accommodation Entries
Facts of the
CaseThe Revenue
preferred multiple appeals against several respondent companies, namely Flex
International Pvt. Ltd., Anant Overseas Pvt. Ltd., Apoorva Extrusion Pvt. Ltd.,
Anshika Investment Pvt. Ltd., ...
Commissioner of Income Tax (Central)-I vs Arvind Khanna & Connected Matters – Delhi High Court on Income Tax Appeals and Reference to Detailed Findings in ITA No. 180/2015
Facts of the Case
The matter comprised a series of connected Income Tax Appeals filed
before the Delhi High Court.
The Commissioner of Income Tax (Central)-I acted as appellant
against multiple responden...
Commissioner of Income Tax (Central)-III vs Flex International Pvt. Ltd. & Connected Matters – Delhi High Court on Addition of Share Capital / Accommodation Entries under Income Tax Act
Facts of the
CaseThe Revenue preferred appeals before the Delhi High
Court against various respondent companies concerning additions made during
assessment proceedings in relation to share capital/share application
t...
Commissioner of Income Tax (Central)-III Vs. Anshika Consultants Pvt. Ltd. & Connected Matters | Delhi High Court | Section 68 Income Tax Act | Share Capital, Share Premium, Identity, Creditworthiness & Genuineness of Investors
Facts of the
Case
During Assessment Year 2006-07, the assessee issued shares at
premium ranging between ₹24,000 and ₹39,000.
The Assessing Officer sought details regarding the share
applicants.
T...
Commissioner of Income Tax–IX vs Dapinder Paul Singh | Section 36(1)(iii) Income Tax Act | Allowability of Interest Deduction on Interest-Free Loans Advanced to Sister Concern on Grounds of Commercial Expediency | Delhi High Court
Facts of the CaseThe assessee, Dapinder Paul Singh,
was proprietor of M/s Peninsular Creations, engaged in the business of
export of laminated sheets (Sunmica products). He was also functioning as
Director of M/s Artm...
CBIC Extends Strait of Hormuz Customs Relaxations Till 30 June 2026
CBIC Extends Strait of Hormuz
Customs Relaxations Till 30 June 2026 What happenedThe Central Board of Indirect
Taxes & Customs (CBIC) issued Circular No. 25/2026-Customs dated 14-05-2026
to extend multiple tr...
Commissioner of Income Tax (Central)-I vs. Arvind Khanna & Ors. | Genuineness of Gifts Under Section 68 of Income Tax Act
Facts of the Case·
Sh. Vipin Khanna, the
father of the assessees (Arvind Khanna, Navin Khanna, Aditya Khanna, and Vinita
Singh), remitted varying amounts to his childre...