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Cheil India Private Ltd. vs Principal Commissioner of Income Tax (Delhi High Court) – Section 144, 133(6), 40(a)(ia), 194C & 260A – Best Judgment Assessment & Remand for Fresh Adjudication
Facts of the Case
The
assessee, Cheil India Pvt. Ltd., was subjected to best judgment
assessment under Section 144.
Additions
were made due to:
Low
net profit ratio
Differences
...
PR. Commissioner of Income Tax (Central)-II vs M/s Iservices India | Delhi High Court | Low Tax Effect Appeal Dismissed (CBDT Circular No. 3/2018)
Facts of the CaseThe present matter pertains to appeals filed by the Revenue
before the Delhi High Court against the respondent assessee, M/s Iservices
India. During the hearing, the Senior Standing Counsel appearing f...
PR. Commissioner of Income Tax (Central)-II vs M/s iServices India | Delhi High Court | Low Tax Effect Appeals Dismissed under CBDT Circular No. 3/2018 (Section 260A Income Tax Act)
Facts of the CaseThe present appeals were filed by the Revenue (Principal
Commissioner of Income Tax (Central)-II) against M/s iServices India under
Section 260A of the Income Tax Act, 1961 before the Delhi High Court....
Pr. Commissioner of Income Tax-2 vs Sinosteel India Pvt. Ltd. (Delhi High Court) – Penalty u/s 271(1)(c) in Transfer Pricing Not Leviable on Debatable ALP Issue under Section 92C
Facts of the Case
The
respondent-assessee, Sinosteel India Pvt. Ltd., was engaged in providing
support services to its holding company and associated enterprises for
procurement and supply of metallur...
Late Dinesh Kumar Jain (Through Legal Heir Ankit Jain) vs Principal Commissioner of Income Tax, New Delhi (2018) – Unexplained Cash Deposits under Sections 69 & 69A of Income Tax Act
Facts of the CaseThe appellant, legal heir of Late Dinesh Kumar Jain, challenged
an order of the Income Tax Appellate Tribunal (ITAT) concerning Assessment Year
2011–12.The Assessing Officer had made an addition of R...
McKinsey Knowledge Centre India Pvt. Ltd. vs Pr. Commissioner of Income Tax, Delhi-6 (Delhi High Court, 2018) – Appeals Dismissed in Cross Matters under Income Tax Act
Facts of the CaseThe matter involves multiple appeals (ITA 526/2017, ITA
590/2017, ITA 82/2018, and connected matters) filed by both the assessee and
the revenue challenging findings of lower authorities.The disputes c...
McKinsey Knowledge Centre India Pvt. Ltd. vs Pr. Commissioner of Income Tax, Delhi-6 (Delhi High Court) – Appeals Dismissed in Cross Matters | ITA 526/2017 & Connected Appeals
Facts of the CaseThe matter pertains to multiple cross appeals filed by both
the assessee (McKinsey Knowledge Centre India Pvt. Ltd.) and the Revenue (Pr.
Commissioner of Income Tax, Delhi-6) before the Delhi High Cour...
M/s McKinsey Knowledge Centre India Pvt. Ltd. vs Pr. Commissioner of Income Tax, Delhi-6 (Delhi High Court, 2018) – Transfer Pricing, KPO vs BPO, Comparable Selection & Notional Interest on Receivables
Facts of the CaseThe assessee, M/s McKinsey Knowledge Centre India Pvt. Ltd.,
is a wholly owned subsidiary of McKinsey Holding Inc., USA, engaged in
providing research & information services and IT support services...
McKinsey Knowledge Centre India Pvt. Ltd. vs Principal Commissioner of Income Tax, Delhi-6 (Delhi High Court, 2018) – Appeals Dismissed in Transfer Pricing / Income Tax Dispute
Facts of the CaseThe present matter concerns a batch of cross-appeals filed
by both the assessee, McKinsey Knowledge Centre India Pvt. Ltd., and the
Revenue, represented by the Principal Commissioner of Income Tax, Del...
PR. Commissioner of Income Tax (Central)-2 vs Chintels India Ltd (2018) – Delhi High Court | Low Tax Effect Appeals Dismissed Under CBDT Circular No. 3/2018
Facts of the CaseThe Revenue (Principal Commissioner of Income Tax,
Central-2) filed appeals before the Delhi High Court against the respondent,
Chintels India Ltd. However, during the hearing, the Revenue’s counsel
...