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Pr. Commissioner of Income Tax–07 vs Power Grid Corporation of India Ltd. | Delhi High Court on Deletion of Penalty under Section 271(1)(c) for Full Disclosure and Debatable Tax Issues
Facts of the
CaseThe Revenue preferred appeals against the common
order passed by the Income Tax Appellate Tribunal (ITAT), whereby the penalty
imposed under Section 271(1)(c) was deleted.In the quantum proceedings:
...
Commissioner of Income Tax (Exemption) vs The Fertilizers Association of India | Delhi High Court | Appeal on Tax Exemption & Charitable Institution Status under Income Tax Act
Facts of the
CaseThe present appeals were preferred by the
Commissioner of Income Tax (Exemption) against The Fertilizers Association of
India before the Delhi High Court. The dispute arose in relation to tax
exempti...
Principal Commissioner of Income Tax (Central)-2 vs Index Securities Private Limited & Vidhya Shankar Investment Private Limited (Delhi High Court) — Scope of Section 153C Proceedings in Absence of Incriminating Material
Facts of the CaseThe Revenue filed a batch of appeals before the Delhi High
Court against orders of the ITAT concerning two assessees, namely Index
Securities Private Limited (ISRPL) and Vidhya Shankar Investment Priva...
Pr. Commissioner of Income Tax-07 vs Power Grid Corporation of India Ltd. | Delhi High Court Upholds Deletion of Penalty under Section 271(1)(c) on Advance Against Depreciation (AAD) and Transmission Charges Disclosure
Facts of the
CaseThe Revenue preferred appeals before the Delhi High
Court against the common order passed by the Income Tax Appellate Tribunal
(ITAT), whereby the Tribunal deleted the penalty imposed under Section
2...
Principal Commissioner of Income Tax (Central)-2 vs. Index Securities Private Limited & Vidhya Shankar Investment Private Limited | Delhi High Court on Validity of Section 153C Proceedings Without Incriminating Material
Facts of the CaseThe Income Tax Department conducted a search and seizure
operation under Section 132 on the Jagat Group and related entities on 14
September 2010. During the search, trial balances and balance sheets o...
Pr. Commissioner of Income Tax (Central-02) Vs Mera Baba Reality Associates Pvt. Ltd. | Delhi High Court on Scope of Revision under Section 263 where Assessment under Section 153A was Completed after Due Inquiry
Facts of the CaseA search and seizure operation under Section 132 was conducted
at the assessee’s premises on 14 September 2010. No incriminating material
concerning the assessee was found during this search. S...
Saheb Ram Om Prakash Marketing Pvt. Ltd. Vs. Commissioner of Income Tax & Ors. | Reassessment Order Quashed as Time-Barred under Sections 147, 148, 153(2) & 271(1)(c) of the Income Tax Act, 1961
Facts of the
CaseThe Petitioner/Assessee filed its return of income
for Assessment Year 2006–07, which was subjected to scrutiny assessment. During
the original assessment proceedings, the Assessing Officer examined...
Principal Commissioner of Income Tax (Central)-2 vs Index Securities Pvt. Ltd. & Vidya Shankar Investment Pvt. Ltd. | Delhi High Court | Scope of Section 153C Proceedings in Absence of Incriminating Material
Facts of the CaseA search and seizure operation under Section 132 of the
Income Tax Act was conducted by the Investigation Wing of the Income Tax
Department on the Jagat Group and its associated entities on 14 Septembe...
Pr. Commissioner of Income Tax–18 vs N. S. Software (Firm): Delhi High Court Reaffirms Kabul Chawla Principle on Invalid Additions in Unabated Assessments under Section 153A of the Income-tax Act
Facts of the
Case
Search and assessment proceedings were initiated against the
assessee under the provisions of the Income-tax Act.
Pursuant to such proceedings, assessments were framed for AYs
2005–0...
Pr. Commissioner of Income Tax (Central)-3 vs Dharampal Premchand Ltd. | Scope of Section 153A Assessment in Absence of Incriminating Material | Delhi High Court
Facts of the CaseThe assessee, Dharampal Premchand Ltd., had already undergone
regular scrutiny assessments under Section 143(3) for Assessment Years 2005-06,
2006-07, and 2007-08. Subsequently, a search under Section ...