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PR. Commissioner of Income Tax–7 vs Power Links Transmission Ltd. | Section 36(1)(iii) Disallowance of Interest | Delhi High Court (2022:DHC:1395-DB)
Facts of the
CaseThe present appeals were filed by the Revenue
challenging the orders dated 02 March 2021 passed by the Income Tax Appellate
Tribunal (ITAT) for Assessment Years 2013–14 and 2014–15.The Assessing O...
PR. Commissioner of Income Tax-7 vs Power Links Transmission Ltd (2022) – Section 36(1)(iii) Disallowance & Principle of Consistency in Taxation
Facts of the
Case
The Revenue challenged ITAT orders dated 02 March 2021 for AY
2013-14 and 2014-15.
The Assessing Officer disallowed interest expenditure amounting to
₹5.64 crore under Section 36(1)(...
Nidhi Agrawal vs Income Tax Officer, Ward 69(1) Delhi & Ors. (2022:DHC:1427-DB) – Reassessment u/s 148 Set Aside Due to Violation of Natural Justice
Facts of the
Case
The petitioner challenged:
Reassessment notice dated 31 March 2021
Assessment order dated 31 March 2022
The notice was emailed at 11:36 PM on 31 March 2021.
The petitioner argued ...
Smart Cube India Pvt Ltd vs Deputy Commissioner of Income Tax Circle 22(2) (Delhi High Court, 2022) – Invalid Assessment Order for Non-Compliance with Section 144C DRP Procedure
Facts of the
CaseThe Petitioner, Smart Cube India Pvt Ltd,
filed a writ petition challenging the assessment order dated 30 March 2022
passed under Sections 143(3) read with 254 of the Income Tax Act for AY
2011–12....
Virasat Foundation vs National Faceless Assessment Centre & Ors. | Delhi High Court | Section 147 r/w 144B Income Tax Act | Personal Hearing Mandatory
Facts of the
CaseThe petitioner challenged an assessment order dated
28 March 2022 passed under Section 147 read with Section 144B of the Income Tax
Act, 1961. The grievance raised was that despite a specific request ...
Bhavya Bishnoi vs Income Tax Office through Shreyans Gupta (DDIT Inv.) – Delhi High Court | Section 50 & 55 Black Money Act | CRL.M.C. 1708/2022 (2022:DHC:1475)
Facts of the
Case
The petitioner, Bhavya Bishnoi, was accused of failing to disclose
his alleged financial interest in a foreign bank account maintained with
Investec Bank (Jersey Branch) for Assessment Ye...
ATMA RAM SARIA vs ADDITIONAL COMMISSIONER OF INCOME TAX, DELHI (2022:DHC:1495-DB) – Reassessment Proceedings Quashed for Violation of Natural Justice under Sections 147, 148 & 144B of Income Tax Act
Facts of the
CaseThe petitioner challenged:
Notice dated 31 March 2021 issued under Section 148, and
Assessment order dated 30 March 2022 passed under Section 147 read
with Section 144B for AY 2013–14.
Th...
Kedar Nath Babbar vs Assistant Commissioner of Income Tax Circle 52(1) (2022:DHC:1616-DB) | Reopening of Assessment under Section 148 – Validity & Scope of Judicial Review
Facts of the
CaseThe petitioner filed an income tax return for AY
2010–11 declaring income of ₹5,94,850. Subsequently, notices under Section
133(6) were issued seeking information, followed by a notice under Secti...
Principal Commissioner of Income Tax-3 vs Evalueserve.com Pvt. Ltd. (Delhi High Court) – Transfer Pricing Comparable Exclusion under Section 260A of the Income Tax Act
Facts of the
CaseThe present appeal was filed by the Revenue under Section
260A of the Income Tax Act, 1961, challenging the order dated 01.11.2019
passed by the Income Tax Appellate Tribunal (ITAT) for Assessment Yea...
Jindal Dyechem Industries Pvt. Ltd. (Successor to M/s Lumax Caplease Pvt. Ltd.) vs Deputy Commissioner of Income Tax, Circle 13-1 & Ors. (Delhi High Court, 2022) – Reassessment Invalid Due to Violation of Natural Justice
Facts of the
Case
Reassessment notice dated 27.03.2021 issued under Section 148 of
the Income Tax Act, 1961, and
Assessment order dated 30.03.2022 passed under Section 147 read
with Section 143(3) for A...