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PR. Commissioner of Income Tax–2 vs M/s Clix Finance India Pvt. Ltd. (Delhi High Court) – Section 14A & Loss on Sale of Loan Portfolio [AY 2010–11]
Facts of the
CaseThe present appeal pertains to Assessment Year
2010–11, where the Revenue challenged the order of the ITAT dated
14.05.2019.The assessee, engaged in financing activities, had:
Earned exempt divide...
PR Commissioner of Income Tax–15 vs Jasjit Singh (Delhi High Court) – TDS Credit Allowed Despite Non-Deposit by Deductor | Section 199 & 205 Income Tax Act
Facts of the
CaseThe present appeal arose from an order passed by
the Income Tax Appellate Tribunal (ITAT) in favor of the assessee, Jasjit
Singh. The assessee held 25% equity shares in S.R. Resorts Pvt. Ltd., which
...
Principal Commissioner of Income Tax-7 vs M/s Shivaai Industries Pvt. Ltd. | Section 40(a)(ia) & 201(1) – Retrospective Applicability of Second Proviso Clarified (Delhi High Court)
Facts of the
Case
The present appeal pertains to Assessment Year 2008–09.
The Revenue challenged the order of the Income Tax Appellate
Tribunal (ITAT) dated 27.04.2023.
The dispute arose from addition of...
PR. Commissioner of Income Tax-10, Delhi vs. Shri Tarlok Singh Punihani | Section 69 Income Tax Act | Delhi High Court Judgment (AY 2014–15)
Facts of the
Case
The assessee, Shri Tarlok Singh Punihani, was a partner in M/s
Punihani International.
The Revenue alleged that the assessee purchased 50% of the 10%
share in a property located at Meh...
Kanti Commercials Pvt. Ltd. vs Commissioner of Income Tax – Section 68 Addition on Share Capital Remanded Due to Violation of Natural Justice (Delhi High Court)
Facts of the
CaseThe appellant/assessee, Kanti Commercials Pvt.
Ltd., filed an appeal challenging the order dated 18.01.2023 passed by the
Income Tax Appellate Tribunal (ITAT). The dispute arose from an addition of
â...
PR. Commissioner of Income Tax-3 vs DLF Home Developers Ltd (Delhi High Court) – Section 14A r/w Rule 8D Disallowance | AY 2011-12
Facts of the
Case
The case relates to Assessment Year 2011-12.
The Assessing Officer (AO) made a disallowance of ₹80.66 crore
under Section 14A read with Rule 8D.
Disallowance included:
Interest e...
Pr. Commissioner of Income Tax (Central)-2 vs Gopal Kumar Goyal – Penalty u/s 271(1)(c) Invalid Without Specific Charge | Delhi High Court (AY 2004-05)
Facts of the
CaseThe appeal was filed by the Revenue challenging the
order passed by the Income Tax Appellate Tribunal dated 30.03.2022 (along with
corrigendum dated 08.04.2022). The matter pertained to the imposition...
PR. Commissioner of Income Tax (Central)-1 vs Grand Express Developers Pvt. Ltd. | Delhi High Court | Section 143(2), 292BB | Invalid Assessment Due to Non-Issuance of Mandatory Notice
Facts of the
CaseThe present appeal pertains to Assessment Year
2013–14, wherein the Revenue challenged the order passed by the Income Tax
Appellate Tribunal (ITAT), which upheld the decision of the Commissioner of
...
Resorts Consortium India Limited vs Income Tax Appellate Tribunal SMC-1, Delhi Bench & Ors. – Delay Condonation under Section 260A of Income Tax Act read with Sections 5 & 12 of Limitation Act
Facts of the
CaseThe appellant, Resorts Consortium India Limited,
filed an appeal under Section 260A of the Income Tax Act, 1961
challenging the order dated 20.06.2016/21.06.2016 passed by the Income Tax
Appellate Tr...
Shreyash Retail Private Ltd. vs Deputy Commissioner of Income Tax (TDS Circle 77(1)) & Anr. – Delhi High Court | Section 197, Rule 28AA | Non-Speaking Order & Mechanical Grant of Lower TDS Certificate Set Aside
Facts of the
Case
The Petitioner, engaged in e-commerce retail business, applied for
a Lower Deduction Certificate (LDC) under Section 197 seeking TDS
deduction at 0.01% instead of 1% under Section 194O.
...