Blog Categories
Subscribe to Newsletter
Join our subscribers list to get the latest Tax Updates and Opportunities.
Ganesh Dass Khanna & Connected Matters vs Income Tax Officer & Ors. | Delhi High Court | Section 148 Reassessment Limitation under Income Tax Act, 1961
Facts of the
CaseThe present batch of writ petitions concerns
reassessment proceedings initiated under Section 148 of the Income Tax Act,
1961 for Assessment Years (AY) 2016–17 and 2017–18. The petitioners (assess...
Ganesh Dass Khanna & Ors. vs Income Tax Officer & Ors. – Reassessment Notices Beyond Limitation under Section 149 Held Invalid (Delhi High Court, 2023)
Facts of the
CaseThe present batch of writ petitions involved
multiple assessees challenging reassessment proceedings initiated by the Income
Tax Department for Assessment Years 2016–17 and 2017–18.The core issue ...
Ganesh Dass Khanna & Ors. vs Income Tax Officer & Ors. (Delhi High Court, 2023) – Reassessment Notice u/s 148 Held Time-Barred Where Escaped Income Below ₹50 Lakhs
Facts of the
CaseThe present batch of writ petitions concerned
reassessment proceedings initiated under Section 148 of the Income Tax Act for
Assessment Years 2016–17 and 2017–18.Amendments introduced by the Finan...
PR. Commissioner of Income Tax-7 vs Trinity Insurance Brokers Pvt. Ltd. (Delhi High Court, ITA 624/2023, AY 2011-12) – Allowability of Supervisory & Risk Management Expenses u/s 37(1)
Facts of the
CaseThe present appeal was filed by the Revenue against
the order dated 19.08.2021 passed by the Income Tax Appellate Tribunal
concerning Assessment Year 2011–12.The respondent-assessee, engaged in the ...
Pr. Commissioner of Income Tax-7 vs Verizone Communications India Pvt. Ltd. | Section 80IA & 40(a)(i)/(ia) | Delhi High Court Judgment (2023)
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) dated 20.03.2020 for Assessment Year 2011–12.The respondent ...
Saraswati Petrochem Pvt. Ltd. vs Income Tax Officer, Ward 22(3) – Reassessment Invalid Without Tangible Material under Sections 147 & 148 of Income Tax Act
Facts of the
CaseThe petitioner, Saraswati Petrochem Pvt. Ltd.,
filed its Return of Income for AY 2011–12, which was processed under Section
143(1) of the Income Tax Act, 1961.After a lapse of more than six years, t...
PR. Commissioner of Income Tax–1, Delhi vs M/s Dart Infrabuild (P) Ltd. (Delhi High Court) – Invalid Reassessment Due to Improper Service of Notice u/s 148 & Non-Issuance of Mandatory Notice u/s 143(2) | Sections 147, 148, 143(2), 144, 292BB, 68, 14A of Income-tax Act
Facts of the
CaseThe present appeal arose from Assessment Year
2010–11 wherein the Revenue challenged the order of the Income Tax Appellate
Tribunal (ITAT).The assessee, M/s Dart Infrabuild Pvt. Ltd., had
changed i...
Commissioner of Income Tax (International Taxation)-3 vs Westin Hotel Management LP (Delhi High Court, AY 2013–14) – Appeal Dismissed Following Sheraton International Precedent
Facts of the
CaseThe present appeal was filed by the Revenue before
the Delhi High Court against the order dated 07.01.2020 passed by the Income
Tax Appellate Tribunal (ITAT) concerning Assessment Year 2013–14.The a...
Commissioner of Income Tax (International Taxation)-3 vs Westin Hotel Management LP (Delhi High Court) – ITA 633/2023 | AY 2014–15 | No Substantial Question of Law
Facts of the Case
The
Revenue preferred an appeal before the Delhi High Court against the ITAT
order.
The
dispute pertains to Assessment Year 2014–15.
During
the hearing, it was acknowle...
PR. Commissioner of Income Tax–3 vs Devata Tradelink Ltd. (Delhi High Court) – Section 14A Disallowance Cannot Exceed Exempt Income | AY 2008-09
Facts of the
CaseThe present appeal was filed by the Revenue
challenging the order of the Income Tax Appellate Tribunal (ITAT), which
deleted disallowance made under Section 14A.
The assessee earned exempt income of...