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M/s ICS Systems Private Limited vs Commissioner of Income Tax (Delhi High Court) – Forfeiture of Advance for Purchase of Industrial Plot Held as Capital Loss under Section 260A of Income Tax Act, 1961
Facts of the CaseThe appellant-assessee, M/s ICS Systems Private Limited, was
engaged in manufacturing activities and filed its return for Assessment Year
2001–02 declaring income of ₹10,81,790. During scruti...
JC Bamford Excavators Ltd. & JC Bamford Investments Ltd. vs Deputy Director of Income Tax & Anr. (Delhi High Court, 2019) – Withdrawal of Appeals pursuant to Settlement under Indo-UK Mutual Assistance Context
Facts of the CaseThe appellants, namely JC Bamford Excavators Ltd. and JC
Bamford Investments Ltd., had filed multiple income tax appeals before the
Delhi High Court against orders passed by the Income Tax Authorities....
Commissioner of Income Tax vs Panacea Biotec Ltd (2019) – Section 35(2AB) Deduction Allowed Despite Subsequent DSIR Approval | Rule 46A Evidence Admissibility
Facts of the CaseThe present appeal was filed by the Revenue under Section 260A
of the Income Tax Act, 1961 against the order of the Income Tax Appellate
Tribunal concerning Assessment Year 2003–04. The respond...
Commissioner of Income Tax (International Taxation) vs JC Bamford Investment Ltd. (Delhi High Court) – Withdrawal of Appeals pursuant to Mutual Agreement Procedure Resolution
Facts of the CaseThe Revenue filed multiple appeals before the Delhi High Court
against the respondent, JC Bamford Investment Ltd., concerning issues arising
under international taxation. During the pendency of these a...
M/s ICS Systems Private Limited vs Commissioner of Income Tax (Delhi High Court) – Forfeiture of Advance for Purchase of Industrial Plot Held as Capital Loss under Section 260A of Income Tax Act, 1961
Facts of the CaseThe appellant-assessee, M/s ICS Systems Private Limited, was
engaged in manufacturing activities and filed its return for Assessment Year
2001–02 declaring income of ₹10,81,790. During scruti...
PR. Commissioner of Income Tax-2 vs. M/s Caraf Builders & Constructions Pvt. Ltd. (Delhi High Court) – Section 14A Disallowance Cannot Exceed Exempt Income | AY 2009-10
Facts of the
CaseThe respondent-assessee, M/s Caraf Builders &
Constructions Pvt. Ltd., filed its return for AY 2009–10 declaring income
primarily under short-term capital gains from mutual fund investments. The...
Commissioner of Income Tax (International Taxation) vs JC Bamford Investment Ltd. | Delhi High Court | Withdrawal of Appeals pursuant to Mutual Agreement Procedure Resolution
Facts of the CaseThe present matter concerns multiple appeals filed by the
Revenue before the Delhi High Court against JC Bamford Investment Ltd.
in relation to income tax proceedings under international taxation.Durin...
Principal Commissioner of Income Tax-4 vs Geetanjali Credits and Capital Ltd (Delhi High Court, 2019) – Reopening u/s 147/148 & Addition u/s 68 on Alleged Bogus Share Transactions
Facts of the Case
The
assessee company issued public shares but failed to commence its intended
business operations.
It
invested ₹2.5 crore with a partnership firm engaged in liquor
b...
Commissioner of Income Tax vs JC Bamford Investment Ltd | Delhi High Court | Withdrawal of Appeals under Mutual Agreement Procedure (MAP) | ITA 179/2015 & Connected Matters
Facts of the CaseThe present matter pertains to multiple appeals filed by the
Revenue before the Delhi High Court against JC Bamford Investment Ltd. These
appeals arose under Income Tax proceedings involving internatio...