Browse Tax Judgements
Showing 1–13 of 13 judgements · Browse by section & bench
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ACIT vs Techno FAC Contracts Private Ltd
The assessee company filed its original return for A.Y.2017-18 declaring income of Rs. 99,75,480/-. The case was selected for scrutiny, and the assessee was required to submit requisite evidences to prove the identity and creditworthiness o…
Hemant Kumar, Assistant Commissioner of Income Tax vs. Kasturi Jewellers P. Ltd.
The Revenue appealed against the order of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi, which deleted an addition of Rs.14,52,23,691/- made under section 68 read with section 115BBE of the Income Tax Act,…
Income Tax Officer, Room No.238B, 2nd Floor, C.R. Building, I.P. Estate, Delhi-110002 Vs. Sukam Jewellers Pvt Ltd.
The appellant company filed its return of income for the assessment year under reference declaring total income of Rs.15,13,486/-. Subsequently, the case was selected for scrutiny under CASS and statutory notice under section 143(2) of the …
DCIT vs. Prudential Hotels Pvt. Ltd
The assessee filed its return of income for A.Y. 2017-18 declaring a loss. The case was selected for scrutiny, and the Assessing Officer observed that the assessee had repaid 'advance against equity' to the tune of Rs.13.40 crores, which wa…
DCIT, Central Circle-19, New Delhi vs. Chawla Jewellers
The assessee, Chawla Jewellers, is engaged in the business of sale and purchase of gold and diamond jewellery. The Assessing Officer made an addition of Rs.15,35,00,000/- u/s. 68 of the Income Tax Act, 1961, on the basis of cash deposits du…
Assistant Commissioner of Income Tax, Circle-27(2) Vs Yakult Danone India Private Limited
The assessee, Yakult Danone India Private Limited, deposited a total cash amount of Rs.2,88,38,558/- in its bank account during the demonetization period. The Assessing Officer added Rs.2,89,13,855/- under section 68 of the Income Tax Act, …
ITA No. 955/Del/2024
The assessee, SMS Trading Co., is a partnership firm engaged as a consignment sales agent for M/s Dharam Pal Satya Pal Ltd., selling Paan Masala and other tobacco products under the brand name Rajnigandha and others in retail. A survey unde…
DCIT vs. Dembla Timber Company Pvt. Ltd.
The assessee, Dembla Timber Company Pvt. Ltd., is engaged in the business of manufacturing and trading of Sawn Timber. The return of income was e-filed on 30.10.2017 declaring income of Rs.54,82,950/-. During scrutiny, the Assessing Officer…
ITO, Delhi vs. Shann Jewellers
During the assessment proceedings for the financial year 2016-17, the Assessing Officer (AO) noticed repayments of unsecured loans and unexplained cash deposits during the demonetization period. The AO required the assessee to explain these…
DCIT, Central Circle 1, Noida vs. Ms. Radhika Mehra
The Revenue has filed an appeal against the order of the Learned Commissioner of Income Tax (Appeals)-3, Noida, dated 04.03.2025, for the Assessment Year 2017-18. During the assessment proceedings, the Assessing Officer (AO) conducted a sur…
ITA No.4209/Del/2024 Jalco Financial Services Pvt. Ltd.(AY: 2017-18)
The assessee, Jalco Financial Services Pvt. Ltd., is a domestic company engaged in trading shares, stocks, securities, and other instruments. It filed its return showing a total loss of Rs. 30,20,889/- for the assessment year 2017-18. The c…
ITA No.2681/Del/2025 Triveni Impex Pvt. Ltd. (AY: 2017-18)
The assessee, Triveni Impex Pvt. Ltd., is a private limited company engaged in the business of trading and export of dry fruits, spices, and other exotic kirana goods from Khari Baoli Area of Delhi. During the assessment year 2017-18, the A…
The Income Tax Officer, Ward – 1 & TPS, Bagalkot Vs. M/s. Jyoti Co-op. Credit Society Ltd.
The assessee, M/s. Jyoti Co-op. Credit Society Ltd., is a co-operative society that claimed deductions on income received under section 80P of the Income Tax Act, which was disallowed by the Assessing Officer (AO) on the grounds that the as…