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VEGA TECHNET PRIVATE LIMITED vs INCOME TAX OFFICER, WARD 26(1), DELHI (2022:DHC:3600-DB) (Delhi High Court | W.P.(C) 13171/2022 | Judgment dated 09.09.2022)
Facts of the Case
The
Petitioner challenged:
Order
dated 17.07.2022 under Section 148A(d), and
Notice
dated 18.07.2022 under Section 148 for AY 2016–17.
A
notice under Secti...
Touchstone Holdings Pvt. Ltd. vs Income Tax Officer, Delhi & Ors. (2022:DHC:3711-DB) – Reassessment Validity, Limitation under Section 149 & Scope of Writ Jurisdiction
Facts of the Case
The
petitioner challenged:
Order
dated 20.07.2022 under Section 148A(d)
Notice
issued under Section 148 for AY 2013–14
The
Revenue alleged that the petitio...
Nortel Networks India Pvt. Ltd. vs Deputy Commissioner of Income Tax (Delhi High Court, 2022) – Delay in Rectification under Section 154 & Refund with Interest under Section 244A
Facts of the CaseThe Petitioner, Nortel Networks India Private Limited, filed
writ petitions seeking directions to the Income Tax Department to dispose of
its pending rectification applications dated 19 December 2018 a...
Nortel Networks India Private Limited vs Deputy Commissioner of Income Tax, Circle 16(1), New Delhi (2022:DHC:3601-DB)
Facts of the CaseThe Petitioner, Nortel Networks India Private Limited, filed
rectification applications dated 19 December 2018 and 26 December 2018 for
Assessment Years 2009-10 and 2010-11. Despite statutory mandates,...
Nortel Networks India Private Limited vs Deputy Commissioner of Income Tax, Circle 16(1), New Delhi (2022:DHC:3601-DB)
Facts of the CaseThe Petitioner, Nortel Networks
India Private Limited, filed rectification applications dated 19 December 2018
and 26 December 2018 for Assessment Years 2009-10 and 2010-11. Despite
statutory mandates...
Principal Commissioner of Income Tax-3 vs Emmsons International Ltd. (Delhi High Court, 2022) – Allowability of Notional Forex Loss under Section 37(1)
Facts of the CaseThe present Income Tax Appeal was filed by the Appellant
challenging the order dated 14th October 2019 passed by the Income Tax
Appellate Tribunal (ITAT) for Assessment Year 2012-13. The Assessing Offi...
PR. Commissioner of Income Tax-4 vs. M/s GGC Constructions Pvt. Ltd. (Delhi High Court) – Allowability of Revised Claims Without Revised Return, Bogus Purchases & Sundry Creditors | Section 139(5), 154, 260A of Income Tax Act
Facts of the CaseThe present appeal was filed by the Revenue before the Delhi
High Court challenging the order of the Income Tax Appellate Tribunal (ITAT)
for Assessment Year 2012-13. The dispute arose from multiple ad...
Principal Commissioner of Income Tax-4, Delhi vs. Haier Appliances India Pvt. Ltd. (Delhi High Court, 2022) – AMP Expenses & Binding Precedent in Transfer Pricing
Facts of the CaseThe present appeals were filed by the Revenue challenging a
common order passed by the Income Tax Appellate Tribunal (ITAT) for Assessment
Year 2011-12. The central issue revolved around whether routin...
PR. Commissioner of Income Tax-7 vs. M/s SPG Finvest Pvt. Ltd. (Delhi High Court) – Deletion of Additions under Sections 68 & 69 and Scope of Rule 46A
Facts of the CaseThe present appeal was filed by the Revenue challenging the
order dated 27th November 2020 passed by the Income Tax Appellate Tribunal
(ITAT) for Assessment Year 2012–13. The Assessing Officer (AO) h...
SH. NARENDER KUMAR ANAND vs PRINCIPAL COMMISSIONER OF INCOME TAX (Delhi High Court) – Rejection of Books u/s 145(3) & Estimation of Gross Profit at 2% Upheld
Facts of the
CaseThe assessee filed an income tax return declaring
income of ₹6,27,480 for AY 2013-14. The case was selected for scrutiny due to low
net profit despite high turnover.
Purchases: ₹80.30 crore
S...