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PR. Commissioner of Income Tax–2, Delhi vs M/s Birlasoft (India) Ltd. (Delhi High Court) – Transfer Pricing Benchmarking | Sections 37 & 46 – ITA 587/2019 & 596/2019
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...
Principal Commissioner of Income Tax, Delhi-2 vs. Vineet Gupta (Delhi High Court) – Appeal Dismissed Due to Low Tax Effect under CBDT Circular No. 3/2018
Facts of the
CaseThe Revenue filed multiple appeals before the Delhi
High Court against the respondent assessee, Vineet Gupta. During the hearing,
counsel for the Revenue submitted that the tax effect involved in the
...
PR. Commissioner of Income Tax–2, Delhi vs M/s Birlasoft (India) Ltd. (Delhi High Court) – Transfer Pricing Benchmarking | Sections 37 & 46 – ITA 587/2019 & 596/2019
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...
G.V. Infosolutions Pvt. Ltd. vs Deputy Commissioner of Income Tax & Anr. – Condonation of Delay in TDS Refund Claim under Section 119(2)(b) of the Income Tax Act
Facts of the Case
The
petitioner filed its Income Tax Return for AY 2013–14 declaring TDS of
₹15,62,500.
However,
an additional TDS of ₹31,25,000 was not claimed due to oversight.
Th...
INTEC Corporation vs Principal Commissioner of Income Tax-11, New Delhi (2019:DHC:561-DB) – Section 80-IC Deduction Denied Due to Non-Genuine Manufacturing Activity & Excess Transfer of Old Machinery
Facts of the CaseThe appellant-assessee, INTEC Corporation, filed its return
for Assessment Year 2008–09 declaring income and claiming deduction of ₹3.13
crores under Section 80-IC of the Income Tax Act on ac...
Ashoka Big Ventures & Kabana Agro Foods vs Assistant Commissioner of Income Tax, Circle-63(1), Delhi (2019) – Freezing of Bank Accounts & Withdrawal of Writ Petition with Liberty
Facts of
the CaseThe Petitioners, Ashoka Big Ventures and Kabana
Agro Foods, filed writ petitions before the Delhi High Court challenging
the action of the Income Tax Department in freezing their bank accounts.D...
FIS Global Business Solutions India Pvt. Ltd. vs Principal Commissioner of Income Tax-3, New Delhi & Anr. (2018) – Reassessment Based on Audit Objection Invalid u/s 147/148 of Income Tax Act
Facts of the
Case
The petitioner filed return declaring income, later revised, and
assessment was completed under scrutiny u/s 143(3) read with 144C.
The Assessing Officer issued notice u/s 148 after 4 years ...
Ashoka Big Ventures & Kabana Agro Foods vs Assistant Commissioner of Income Tax, Circle-63(1), Delhi (2019:DHC:7523-DB) – Bank Account Freezing & Withdrawal of Writ Petition under Income Tax Proceedings
Facts of the CaseThe petitioners, Ashoka Big Ventures and Kabana
Agro Foods, approached the Delhi High Court by way of writ petitions
challenging actions of the Income Tax Department whereby their bank accounts
had be...
Rajender Kumar Sehgal vs Income Tax Officer Ward 56(1), New Delhi (2018) – Invalid Reassessment Notice Issued to Deceased Assessee under Sections 147, 148, 159 & 292BB of Income Tax Act
Facts of the
CaseThe case revolves around a reassessment notice
issued under Section 148 of the Income Tax Act to a deceased assessee, late
Smt. Rukmani Sehgal. The assessee had filed her income tax returns regularly,...
PR. Commissioner of Income Tax Delhi-8 vs M/s Sistema Shyam Teleservices Ltd. | Section 260A Income Tax Act | Taxability of Prepaid Cards & Penal Interest Deduction
Facts of the
CaseThe present appeals were filed by the Revenue under
Section 260A of the Income Tax Act, 1961 in respect of Assessment Years
2005-06, 2007-08, and 2008-09 in the case of M/s Sistema Shyam Teleservices
...