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Pr. Commissioner of Income Tax-6, New Delhi vs Monnet Ispat & Energy Ltd. | Delhi High Court on Moratorium under Section 14 of Insolvency and Bankruptcy Code overriding Income Tax Proceedings
Facts of the
CaseThe Revenue Department filed multiple Income Tax
Appeals before the Delhi High Court challenging the order passed by the Income
Tax Appellate Tribunal (ITAT) in relation to tax liability of Monnet Isp...
Swarovski India Pvt. Ltd. Vs Deputy Commissioner of Income Tax, Circle-7(1), New Delhi | Reopening of Assessment under Sections 147/148 and Deduction under Section 10B of the Income Tax Act, 1961 | Delhi High Court
Facts of the CaseThe Petitioner, Swarovski India Pvt. Ltd., was engaged in
manufacturing imitation pearls and trading crystal-related products in India.
It operated two units—one at Pune and one at Delhi.The Pune uni...
Pr. Commissioner of Income Tax (Central)-2 vs M/s Frontline Business Solutions Pvt. Ltd. & Ors. | Rectification of Settlement Commission Orders under Sections 245D(6B), 245C & Interest Liability under Section 234B of the Income Tax Act, 1961
Facts of the CaseThe present writ petition was filed by the Revenue
challenging the order dated 17 March 2016 passed by the Income Tax Settlement
Commission (ITSC), whereby the Commission dismissed the Revenue’s misc...
Pr. Commissioner of Income Tax, Delhi-2, New Delhi vs Central Warehousing Corporation | Delhi High Court on Section 10(29) Income Tax Act – Whether Depreciation is an Expenditure or Allowance for Tax Exemption Computation
Facts of the
CaseThe Revenue preferred five appeals before the Delhi
High Court under Section 260A against the common order of the Income Tax
Appellate Tribunal for multiple assessment years (1989-90, 1993-94, 1997-98...
Juhi Dixit Vs Deputy Commissioner of Income Tax & Ors. | Rajiv Agarwal Vs Assistant Commissioner of Income Tax & Ors. | Vijay Laxmi Agarwal Vs Assistant Commissioner of Income Tax & Ors. – Reassessment under Sections 147/148 of Income Tax Act Quashed for Lack of Tangible Material
Facts of the Case
The
petitioners were directors of Scan Holdings Pvt. Ltd., engaged in
packaging business.
The
department reopened assessments alleging tax evasion based on complaints
by the...
Ram Kumar vs Income Tax Officer, Ward-64(2) & Anr. – Validity of Reassessment under Sections 147/148 of the Income Tax Act on Taxability of Interest on Enhanced Land Acquisition Compensation | Delhi High Court
Facts of the CaseThe Petitioner filed his original income tax
return for Assessment Year 2011–12 declaring income of Rs. 5,52,308.
Subsequently, a revised return was filed claiming refund based on TDS deducted
by th...
Pr. Commissioner of Income Tax, Delhi-2, New Delhi vs Central Warehousing Corporation | Delhi High Court on Section 10(29) Income Tax Act – Whether Depreciation is an Allowance or Expenditure for Computing Exempt Warehousing Income
Facts of the
CaseThe Revenue filed five appeals before the Delhi
High Court under Section 260A against a common order of the Income Tax
Appellate Tribunal for Assessment Years 1989-90, 1993-94, 1997-98, 1999-2000,
an...
Pr. Commissioner of Income Tax, Delhi-02 vs Best Infrastructure India (P) Ltd. & Connected Matters | Delhi High Court | Section 153A, Section 68 & Section 260A of the Income Tax Act
Facts of the CaseThe matter arose out of search and seizure
proceedings conducted against the respondent-assessees. Consequent to the
search, assessments were framed under Section 153A of the Income Tax Act
wherein ad...
Principal Commissioner of Income Tax (Central)-1 v. Sahara India (Firm) | Delhi High Court on Deletion of Penalty under Sections 271D & 271E of the Income Tax Act
Facts of the CaseThe Revenue preferred four connected appeals before the
Delhi High Court challenging the common order dated 6 January 2017 passed by
the Income Tax Appellate Tribunal for Assessment Years 2003–...
Pr. Commissioner of Income Tax, Delhi–02 vs Best Infrastructure India (P) Ltd. & Connected Matters | Delhi High Court | Section 153A & Section 68 Income Tax Act | Scope of Addition in Search Assessments
Facts of the CaseA search and seizure operation resulted in
proceedings under Section 153A of the Income Tax Act against the
respondent companies. During assessment, the Assessing Officer made additions
under Section ...