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Principal Commissioner of Income Tax, Delhi-17 vs M/s Wadhawan Designs (2019) – Bogus Purchases, Section 68 & Section 145(3) – ITAT Error in Applying GP Rate | Delhi High Court Judgment
Facts of
the CaseThe assessee, engaged in garment manufacturing and export,
declared purchases amounting to ₹6.77 crores for raw materials during
Assessment Year 2010–11. These purchases were claimed to hav...
PR. Commissioner of Income Tax-4 vs Indian Sugar Exim Corporation Ltd. (Delhi High Court, 2019) – Penalty u/s 271(1)(c) Time-Barred under Section 275(1)(a)
Facts of the CaseThe Respondent Assessee filed its return of income for
Assessment Year 2009–10 on 30 September 2009. The assessment was completed
under Section 143(3) of the Income Tax Act, 1961 on 1 December 2011.
...
Principal Commissioner of Income Tax-7 vs Padmini VNA Mechatronics Pvt. Ltd. (2019) – Bogus Purchases, Reassessment & Evidentiary Burden under Section 260A
Facts of the Case
The
assessee was engaged in manufacturing automobile and electronic parts.
Reassessment
proceedings were initiated for AY 2008–09 alleging bogus purchases
from certain suppliers...
PR. Commissioner of Income Tax (Central)-2 vs M/s Meroform India Pvt. Ltd. (Delhi High Court) – No Addition u/s 153A Without Incriminating Material | ITA 658–664/2019
Facts of the CaseThe Revenue filed multiple appeals before the Delhi High
Court against a common order of the Income Tax Appellate Tribunal (ITAT)
concerning Assessment Years 2006–07 to 2011–12.A search and seizure...
PR. Commissioner of Income Tax Delhi-8 vs M/s Sistema Shyam Teleservices Ltd. (Delhi High Court) – Section 260A | Taxability of Prepaid Cards & Allowability of Penal Interest
Facts of the
CaseThe Revenue filed appeals under Section 260A
against the assessee, M/s Sistema Shyam Teleservices Ltd., for Assessment Years
2005-06, 2007-08, and 2008-09. The disputes primarily revolved around:
Th...
PR. Commissioner of Income Tax (Central)-2 vs M/s Meroform India Pvt. Ltd. | Section 153A – No Addition Without Incriminating Material | Delhi High Court
Facts of the CaseThe Revenue filed multiple appeals against a common order of
the Income Tax Appellate Tribunal (ITAT) concerning Assessment Years 2006–07 to
2011–12. A search and seizure operation was conducted at...
Deepak Chhabra vs Income Tax Officer Ward 10(5) – Appeals Dismissed for Non-Prosecution by Delhi High Court (ITA 1762/2006 & ITA 725/2007)
Facts of the
CaseThe present matter pertains to two connected income
tax appeals filed by the appellant, Deepak Chhabra, before the Delhi High
Court. The appeals (ITA No. 1762/2006 and ITA No. 725/2007) were listed fo...
PR. Commissioner of Income Tax (Central)-2 vs M/s Meroform India Pvt. Ltd. | Section 153A | No Addition Without Incriminating Material – Delhi High Court
Facts of the CaseThe Revenue filed multiple appeals against a common order
passed by the Income Tax Appellate Tribunal (ITAT) concerning Assessment Years
2006–07 to 2011–12. A search and seizure operation was condu...
Revolution Forever Marketing Pvt. Ltd. vs Income Tax Officer (Delhi High Court, 2019) – Reassessment Quashed Due to Absence of Fresh Tangible Material under Sections 147/148
Facts of the CaseThe petitioner, Revolution Forever Marketing Pvt. Ltd.,
challenged a reassessment notice dated 30.03.2016 issued under Sections 147/148
of the Income Tax Act, 1961 for Assessment Year 2009–10.The com...
PR. Commissioner of Income Tax Delhi-8 vs M/s Sistema Shyam Teleservices Ltd. | Section 260A Income Tax Act | Taxability of Prepaid Cards & Allowability of Penal Interest
Facts of the
CaseThe present appeals were filed by the Revenue under
Section 260A of the Income Tax Act against the respondent assessee, M/s Sistema
Shyam Teleservices Ltd., concerning multiple assessment years.The pr...