Blog Categories
Subscribe to Newsletter
Join our subscribers list to get the latest Tax Updates and Opportunities.
Principal Commissioner of Income Tax vs M/s Cliff Scaffoldings Pvt. Ltd. (Delhi High Court) – Appeal Dismissed on Low Tax Effect under CBDT Circular No. 3/2018
Facts of the
Case
The Revenue filed appeals before the Delhi High Court against the
respondent assessee, M/s Cliff Scaffoldings Pvt. Ltd.
During the hearing, counsel for the Revenue submitted that the tax
...
Principal Commissioner of Income Tax-4 vs. Gaursons Realty Private Limited (Delhi High Court) – Interest Disallowance on Alleged Diversion of Funds under Section 36(1)(iii) & Section 37 of Income Tax Act
Facts of the CaseThe Revenue filed an appeal under Section 260A challenging the
order of the Income Tax Appellate Tribunal (ITAT), which had deleted
disallowance of interest expenditure amounting to ₹5.68 crore...
Principal Commissioner of Income Tax, Delhi-2 vs. Vineet Gupta (2018:DHC:8308-DB) – Appeal Dismissed Due to Low Tax Effect under CBDT Circular No. 3/2018
Facts of the
CaseThe Revenue filed multiple income tax appeals
against the respondent, Vineet Gupta. However, during the hearing, it was
submitted by the Revenue that the tax effect involved in the appeals was
below ...
PR. Commissioner of Income Tax–6, New Delhi vs NDR Promoters Pvt. Ltd. | Section 68 Income Tax Act | Bogus Share Capital / Accommodation Entries | Delhi High Court
Facts of the CaseThe assessee company received ₹1.51 crore as share
capital/share premium from multiple companies during the relevant
assessment year. The Assessing Officer (AO) alleged that these companies were shel...
Commissioner of Income Tax (International Taxation) vs JC Bamford Investment Ltd (Delhi High Court) – Appeal Withdrawn Pursuant to Mutual Agreement Procedure Resolution [ITA 179/2015 & Connected Matters]
Facts of the CaseAs per the order, multiple appeals were filed by JC Bamford
Excavators Ltd. and JC Bamford Investments Ltd. against the Income Tax
Authorities. These appeals were listed under various ITA numbers befor...
JC Bamford Excavators Ltd. & Ors. vs Deputy Director of Income Tax & Anr. (Delhi High Court, 2019) – Appeals Withdrawn Pursuant to Settlement under Indo-UK Mutual Assistance Context
Facts of the Case
Multiple
appeals (ITA Nos. 687/2014, 69/2015, 589/2015, 485/2015, 307/2018,
81/2017, 309/2018) were filed by JC Bamford group entities.
The
appeals were directed against orders pa...
Commissioner of Income Tax vs Bhanot Construction & Housing Ltd. (2019) – Section 40(a)(ia) | Retrospective Relief on TDS Deposit Compliance
Facts of the Case
The
assessee, engaged in construction and real estate business, made payments
of ₹17,00,20,000/- to a contractor.
TDS
amounting to ₹34,00,400/- was deducted but deposite...
Principal Commissioner of Income Tax vs M/s Cliff Scaffoldings Pvt. Ltd. (ITA 355/2018 & ITA 574/2018) – Delhi High Court | Low Tax Effect Appeal Dismissed under CBDT Circular No. 3/2018
Facts of the
CaseThe Revenue (Principal Commissioner of Income Tax)
filed appeals before the Delhi High Court under Section 260A of the Income Tax
Act, 1961 against the respondent, M/s Cliff Scaffoldings Pvt. Ltd.Duri...
PR. Commissioner of Income Tax–2, Delhi vs M/s Birlasoft (India) Ltd. (Delhi High Court) – Transfer Pricing Benchmarking & Internal TNMM Comparison | Sections 37 & 46
Facts of the CaseThe present appeals were filed by the Revenue before the
Delhi High Court challenging a common order dated 9 August 2018 passed
by the Income Tax Appellate Tribunal (ITAT) for Assessment Years 2012–1...
THE PR. COMMISSIONER OF INCOME TAX–3 vs DLF HOME DEVELOPERS LTD (2019) – Delhi High Court | Section 14A, 37, 145 & Accounting Standards – Allowability of Brokerage, Software & Business Expenditure under Percentage Completion Method
Facts of
the CaseThe assessee, a real estate developer, filed its return for AY
2008–09 claiming deductions on various expenditures including brokerage,
software expenses, and payments for maintenance service...