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PR. Commissioner of Income Tax, Delhi-5 vs M/s Kaane Packaging Pvt. Ltd. (2018:DHC:8306-DB) – Appeal Dismissed Due to Low Tax Effect under CBDT Circular No. 3/2018
Facts of the CaseThe Revenue (Principal Commissioner of Income Tax, Delhi-5)
filed appeals against the respondent-assessee, M/s Kaane Packaging Pvt. Ltd.,
before the Delhi High Court. The appeals involved certain subst...
Commissioner of Income Tax vs. M/s JRD Stock Brokers Pvt. Ltd. – Section 68 Addition on Accommodation Entries & Peak Credit Theory | Delhi High Court
Facts of the Case
The
assessee was engaged in stock broking and later operated through a private
limited company.
A
search operation revealed that the assessee was involved in providing accommodati...
Director of Income Tax (Exemption) vs Delhi Public School Society (2018) – Section 11(4A) Income Tax Act | Franchise Fee Exemption Case
Facts of the Case
The
Revenue filed multiple appeals against the Delhi Public School Society
concerning Assessment Years 2006-07, 2007-08, 2008-09, and 2009-10.
The
assessee (Delhi Publ...
Principal Commissioner of Income Tax-9 vs Ibilt Technologies Ltd. (2018) – Rejection of Books u/s 145(3) Unsustainable Without Proper Defects & Mere Fall in Profit Not Sufficient
Facts of the CaseThe Assessing Officer (AO) rejected the books of accounts of
the assessee, Ibilt Technologies Ltd., for Assessment Year 2007–08 primarily on
the ground that the assessee declared a net loss of Rs. 16...
Surendra Kumar Jain & Anr. vs Principal Commissioner of Income Tax (Central)-III, New Delhi & Anr. | Delhi High Court | W.P.(C) 4305/2018 & Connected Matters | Judgment dated 01.10.2018
Facts of the
CaseThe petitioners, including Surendra Kumar Jain and
Virendra Jain, filed multiple writ petitions before the Delhi High Court
challenging actions taken by the Principal Commissioner of Income Tax
...
Commissioner of Income Tax, Central-I vs M/s Seasons Textiles Ltd. (2018) – Delhi High Court | Low Tax Effect Appeals Dismissed under CBDT Circular No. 3/2018
Facts of the CaseThe present matter involved two appeals filed by the Revenue
(Commissioner of Income Tax, Central-I) against M/s Seasons Textiles Ltd.
before the Delhi High Court. The dispute arose from orders p...
Surendra Kumar Jain & Anr. vs Principal Commissioner of Income Tax (Central)-III, New Delhi & Anr. | Delhi High Court | W.P.(C) 4305/2018 & Connected Matters | Order Dated 01.10.2018
Facts of the
CaseThe petitioners, including Surendra Kumar Jain and
Virendra Jain, filed multiple writ petitions against the Principal Commissioner
of Income Tax (Central)-III, New Delhi. These petitions arose o...
The Pr. Commissioner of Income Tax-7 vs Rambagh Palace Hotels Pvt. Ltd. (2018) – Ad Hoc Disallowance on Repairs & Maintenance Deleted | Section 260A, 147, 148 Income Tax Act
Facts of the Case
The
case pertains to Assessment Year 2003-04.
The
Assessing Officer reopened the assessment under Sections 147 and 148 based
on a complaint.
The
assessee claimed ex...
PR. Commissioner of Income Tax-4 vs Green Delhi BQS Ltd. (2018) – Section 260A | Revenue vs Capital Expenditure on Encashment of Bank Guarantee
Facts of the Case
The
respondent-assessee was engaged in the business of developing,
maintaining, and operating Bus-Q-Shelters (BQS) and similar
infrastructure.
It
entered into a conces...
Commissioner of Income Tax, Central-I vs M/s Seasons Textiles Ltd. (Delhi High Court) – Appeal Dismissed Due to Low Tax Effect under CBDT Circular No. 3/2018
Facts of the CaseThe Revenue preferred two appeals before the Delhi High
Court against the respondent, M/s Seasons Textiles Ltd. The appeals were filed
under Section 260A of the Income Tax Act, 1961.During the course o...