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Pr. Commissioner of Income Tax-6 vs Macquarie Global Services Pvt. Ltd. (Delhi High Court) – Transfer Pricing | Exclusion of Comparables | No Substantial Question of Law
Facts of the
Case
The Assessee, Macquarie Global Services Pvt. Ltd., was
engaged in providing ITES services.
The matter relates to Assessment Year 2011–12.
The case was referred to the Transfer Pricing O...
Kamlesh Keswani vs Assistant Commissioner of Income Tax, Circle 49(1), Delhi (2022) – Reassessment u/s 148 Invalid on Change of Opinion & Section 54 LTCG Exemption Allowed on Joint Property Purchase | Delhi High Court
Facts of the
CaseThe petitioner sold a residential property located
at Defence Colony, New Delhi, for ₹2 crores and declared the same as Long Term
Capital Gain (LTCG) in his return. Subsequently, he purchased a new ...
PR. Commissioner of Income Tax (Central)-2 vs G.R. Goenka Education Society (2022) – Section 11 Exemption Allowed Despite Trademark Ownership Dispute | Delhi High Court
Facts of the
CaseThe present appeal was filed by the Revenue
challenging the order of the Income Tax Appellate Tribunal (ITAT), which
granted exemption under Section 11 of the Income Tax Act to the respondent
society...
Adroit Financial Services Pvt. Ltd. vs Assistant Commissioner of Income Tax Circle 1(1), Delhi & Ors. | Reassessment Beyond Limitation Held Invalid under Section 149(1)(b) – Delhi High Court
Facts of the
CaseThe petitioner filed a writ petition challenging:
Notice dated 7 April 2021 issued under Section 148A(b)
Order dated 29 July 2022 passed under Section 148A(d)
Reassessment notice dated 29 July 2...
North End Foods Marketing Pvt. Ltd. vs Deputy Commissioner of Income Tax Circle 16(1), Delhi (2022:DHC:4024-DB)
Facts of the
CaseThe petitioner, North End Foods Marketing Pvt.
Ltd., challenged the order passed under Section 148A(d) and the consequential
notice issued under Section 148 of the Income Tax Act for Assessment Year
...
PR. Commissioner of Income Tax (Central)-2 vs. M/s JPM Tools Ltd. & Connected Matters (Delhi High Court, 2022) – Section 153A Additions Without Incriminating Material Held Invalid
Facts of the
CaseThe Revenue filed multiple appeals against a common
ITAT order relating to Assessment Years 2008–09 to 2011–12. The dispute
arose from additions made by the Assessing Officer under Section 68 on a...
PR. Commissioner of Income Tax (Central)-2 vs M/s JPM Tools Ltd. & Group Companies (Delhi High Court, 2022) – Section 153A Additions Without Incriminating Material Invalid
Facts of the
Case
The Revenue filed multiple appeals against a common ITAT order
concerning several group companies for different assessment years.
The additions were made primarily on account of:
Alle...
PR. Commissioner of Income Tax (Central)-2 vs M/s JPM Tools Ltd. & Connected Matters (Delhi High Court) – Section 153A & 68 – No Addition Without Incriminating Material in Search Assessments
Facts of the CaseThe Revenue filed multiple appeals against a common order of the ITAT
concerning several group companies for different assessment years.
A
search operation was conducted on the assessee group. ...
PR. Commissioner of Income Tax (Central)-2 vs M/s JPM Tools Ltd. & Ors. | Delhi High Court | Section 153A & 68 | No Addition Without Incriminating Material
Facts of the
CaseThe present batch of appeals was filed by the
Revenue challenging a common order passed by the Income Tax Appellate Tribunal
(ITAT) concerning multiple assessment years (AY 2008–09 to AY 2011–12)....
Jain Cooperative Bank Limited vs Assistant Commissioner of Income Tax & Anr. (Delhi High Court, 2022) – Reassessment under Sections 148 & 148A upheld in Demonetization Cash Deposit Case
Facts of the CaseThe petitioner, Jain Cooperative Bank Limited, filed a writ
petition challenging:
Order
passed under Section 148A(d), and
Notice
issued under Section 148 of the Income Tax Act for AY 20...