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
Mitsui and Company India Pvt. Ltd. vs. Income Tax Officer – Reassessment under Section 148 of the Income Tax Act, 1961
Facts of the
Case:
The petitioner, Mitsui and Company India Pvt. Ltd., filed
its income tax return for AY 2006-07 declaring Rs.12.01 crores under
Section 143(1).
On 28th March, 2011, the Assessing Offic...
Director of Income Tax v. Mitchell Drilling International Pvt. Ltd. | Exclusion of Service Tax from Gross Receipts under Section 44BB of the Income Tax Act
Facts of the
Case
The Assessee is a company engaged in providing equipment on hire
and manpower for the exploration and production of mineral oil and natural
gas.
For the Assessment Year 2008-09, the As...
Commissioner of Income Tax vs Vachanband Investment Ltd.: Delhi High Court on Speculation Loss and Sham Share Transactions under Income Tax Act, 1961
Facts of the
CaseThe appellant, Commissioner of Income Tax,
challenged the order of the Income Tax Appellate Tribunal (ITAT) which allowed
the respondent, Vachanband Investment Ltd., to treat certain losses from
the ...
Director of Income Tax vs. Mitchell Drilling International Pvt. Ltd.: Exclusion of Service Tax from Gross Receipts under Section 44BB
Facts of the
Case
The Assessee is a company engaged in the business of providing
equipment on hire and manpower for the exploration and production of
mineral oil and natural gas.
The Assessee filed its ...
Bureau of Indian Standards vs. Director General of Income Tax (Exemptions) – Section 10(23C)(iv) Exemption and Interpretation of “Charitable Purpose” under Section 2(15), Income Tax Act, 1961
Facts of the
CaseThe Bureau of Indian Standards (BIS), a statutory
body under the BIS Act, 1986, was granted income tax exemption under Section
10(23C)(iv) of the Income Tax Act, 1961. The Director General of Income T...
Commissioner of Income Tax vs M/S M.S. International Ltd., M/S Shoes East Ltd., and Pearl Intercontinental Ltd.: Deduction Under Section 80HHC & Penalty under Section 271(1)(c) – Delhi High Court, 2012
Facts of the
CaseThe appeals before the Delhi High Court were filed
by the Commissioner of Income Tax (CIT) under Section 260A of the Income Tax
Act, 1961, involving multiple assessees: M/S M.S. International Ltd., M/...
M/s Swarovski India Pvt. Ltd. vs. Deputy Commissioner of Income Tax | Delhi High Court Quashes Section 148 Reassessment Due to Change of Opinion
Facts of the
CaseThe original assessment for the assessment year
2006-07 was completed under Section 143(3) of the Income Tax Act, 1961, on
December 4, 2009. Subsequently, the petitioner moved an application under
Se...
Commissioner of Income Tax vs M.S. International Ltd & Ors | Deduction under Section 80HHC & Penalty under Section 271(1)(c)
Facts of the
Case:The appeals were filed by the
Commissioner of Income Tax under Section 260A of the Income Tax Act, 1961,
against various companies including M.S. International Ltd., M.S. Shoes East
Ltd., and Pearl ...
PR. Commissioner of Income Tax (Central-2) v. Aqua Guard Marketing Pvt. Ltd. ITA Nos. 752/2015 & 753/2015 | Delhi High Court | Dismissal of Appeals | Section 260A
Facts of the
Case:The case involves two Income Tax Appeals (ITA Nos.
752/2015 and 753/2015) filed by the appellant, the PR. Commissioner of
Income Tax (Central-2), against the Aqua Guard Marketing Pvt. Ltd.
(Responde...
"Pro Commissioner of Income Tax vs. Vijay Conductors India Pvt. Ltd., Namrata Marketing Pvt. Ltd., Vishrut Marketing Pvt. Ltd., and Beriwal Investment & Chit Fund Pvt. Ltd. - Section 68 of Income Tax Act - Deletion of Additions by ITAT"
Facts of the Case:
The case involves multiple appeals by the Revenue (Pro Commissioner of Income
Tax) against the decision made by the ITAT concerning the deletion of additions
under Section 68 of the Income Tax Act. ...