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PR. Commissioner of Income Tax-7 vs Rajdarbar Heritage Venture Ltd. (2022:DHC:4089-DB) | Section 5(1) Income Tax – Taxability of Interest on FDR Pending Arbitration
Facts of the
Case
The appeals were filed by the Revenue challenging the order of the
Income Tax Appellate Tribunal (ITAT) deleting additions made by the
Assessing Officer for AY 2012-13 and 2013-14.
The...
Boutique International Pvt Ltd vs Deputy Commissioner of Income Tax Circle 4(2) Delhi (Delhi High Court, 2022) – Reassessment u/s 148 & 148A(d) Set Aside for Lack of Specific Information
Facts of the
CaseThe present writ petition was filed by the petitioner
challenging:
The order passed under Section 148A(d) of the Income Tax Act, 1961;
and
The notice issued under Section 148 dated 22 July 2...
Cargo Motors Pvt. Ltd. vs. Deputy Commissioner of Income Tax | Section 14A r.w. Rule 8D Disallowance Limited to Investments Yielding Exempt Income | Delhi High Court
Facts of the
CaseThe assessee, Cargo Motors Pvt. Ltd., earned dividend
income of ₹12,92,735 from investments in three companies—Tata Motors Ltd.,
Tata Consultancy Services Ltd., and Mundra Port. The income was dul...
Ratnagiri Gas and Power Pvt. Ltd. vs Assistant Commissioner of Income Tax Circle 19(1), Delhi & Ors. – Reopening Invalid Due to Non-Consideration of Assessee’s Reply under Sections 148 & 148A(d) of Income Tax Act
Facts of the
CaseThe petitioner, Ratnagiri Gas and Power Private
Limited, filed its income tax return for AY 2013–14 declaring losses. The case
was selected for scrutiny, and an assessment order under Section 143(3)...
PR. Commissioner of Income Tax-7 vs. Satkar Infrastructure (P) Ltd. | Delhi High Court | Section 68 Unexplained Share Capital & Premium | No Substantial Question of Law
Facts of the
CaseThe present appeal was filed by the Revenue
challenging the order dated 25th November 2021 passed by the Income Tax
Appellate Tribunal (ITAT). The dispute pertained to deletion of addition
amounting ...
Chief Commissioner of Income Tax (OSD) Central-1 vs R.J. Corp. Ltd. – No Addition under Section 153A Without Incriminating Material (Delhi High Court)
Facts of the
CaseThe present appeal was filed by the Revenue
challenging the order dated 21 January 2021 passed by the Income Tax Appellate
Tribunal (ITAT) for Assessment Year 2010–11.The ITAT had deleted additions ...
Principal Commissioner of Income Tax, Delhi-2 vs. M/s Boeing India Pvt. Ltd. (Delhi High Court) – Draft Assessment in Name of Non-Existent Entity, TP Adjustment on Receivables & Disallowance u/s 40(a)(ia) – Appeal Dismissed
Facts of the
CaseThe present appeal was filed by the Revenue
challenging the order dated 17.08.2020 passed by the Income Tax Appellate
Tribunal (ITAT) for Assessment Year 2015–16. The dispute primarily arose from:
...
PR. Commissioner of Income Tax (Central-1) vs IFFCO Ltd. – Section 14A Disallowance Not Applicable on Dividend Income under India-Oman DTAA | Delhi High Court (2022)
Facts of the
CaseThe Revenue filed an appeal challenging the order
of the Income Tax Appellate Tribunal (ITAT) for AY 2007-08. The dispute arose
regarding disallowance of expenditure under Section 14A in relation to d...
PR. Commissioner of Income Tax Bengaluru-5 vs M/s NTT Data Global Delivery Services Ltd. (Delhi High Court) – Section 10A Deduction on Interest Income
Facts of the
Case
The assessee was engaged in export business and eligible for
deduction under Section 10A.
The assessee earned interest income from fixed deposits created out
of export proceeds.
The...
Nagesh Trading Co. vs Income Tax Officer, Ward-47(1), Delhi (2022) – Reassessment Proceedings Quashed due to Invalid Invocation of Section 148A
Facts of the
CaseThe Petitioner, Nagesh Trading Co., filed a
writ petition challenging:
Show cause notice dated 02.06.2022 issued under Section
148A(b) of the Income Tax Act, 1961
Order passed under Section ...