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H.T. Media Limited vs Principal Commissioner of Income Tax-IV, New Delhi Delhi High Court | ITA Nos. 548/2015 & 549/2015 | Assessment Year 2008–09 Section 14A read with Rule 8D of the Income-tax Act, 1961 – Disallowance of Expenditure in Relation to Exempt Income – Requirement of Recording Satisfaction by Assessing Officer
Facts of the CaseThe assessee, H.T. Media Limited, engaged in the
business of printing and publishing newspapers and periodicals, filed its
return for AY 2008–09 and claimed exempt dividend income amounting to ...
GE Nuovo Pignone S.P.A. vs Commissioner of Income Tax (International Taxation), Delhi-I | Delhi High Court on ITAT’s Failure to Adjudicate Installation PE, FTS Taxability and Attribution of Profits under Sections 260A & 254(2) of the Income Tax Act, 1961
Facts of the
CaseThe appellant-assessee, GE Nuovo Pignone S.P.A.,
filed appeals before the Delhi High Court challenging a common order passed by
the ITAT for Assessment Years 2001–02 to 2008–09. The grievance of t...
Pr. Commissioner of Income Tax-6, New Delhi vs Monnet Ispat & Energy Ltd. | Delhi High Court on Moratorium under Section 14 IBC and Continuation of Income Tax Appeals
Facts of the CaseThe Revenue Department filed multiple appeals
before the Delhi High Court challenging the order of the Income Tax Appellate
Tribunal (ITAT) concerning tax liability of Monnet Ispat & Energy Ltd.
D...
Tulsi Tracom Private Limited vs Commissioner of Income Tax–9 | Section 263 Revision Proceedings Quashed for Lack of Proper Opportunity of Hearing under Income Tax Act, 1961
Facts of the
CaseThe assessee, Tulsi Tracom Private Limited, engaged
in trading and investment in shares, filed its return for Assessment Year
2008–09 before the Income Tax Officer, Kolkata. The assessment was reope...
Kailash Nath & Associates vs Principal Commissioner of Income Tax (Delhi High Court) – Whether Agricultural Land Situated Beyond 8 KM from Jurisdictional Municipality but Within 8 KM of Another Municipality Constitutes a Capital Asset under Section 2(14) of the Income Tax Act, 1961
Facts of the
CaseThe assessee, Kailash Nath & Associates,
sold agricultural land situated in Kundli Village, Sonipat. During
assessment proceedings under Section 143(3), the Assessing Officer held that
the land w...
Woodward India Private Limited vs Additional Commissioner of Income Tax, Special Range-9, New Delhi | Delhi High Court | Refund of Income Tax with Interest under Section 244A(1A) of Income Tax Act
Facts of the CaseThe petitioner-company was entitled to income tax refunds for
Assessment Years 2005-06 and 2006-07 amounting to Rs. 51,85,752/- and Rs.
23,95,365/- respectively. The Income Tax Department had issued re...
Avenue Asia Advisors Pvt. Ltd. vs Deputy Commissioner of Income Tax (Delhi High Court) – Transfer Pricing on Investment Advisory Services, Functional Comparability under TNMM & Outstanding Receivables as International Transaction under Sections 92CA, 143(3), 144C & 260A of the Income Tax Act, 1961
Facts of the
CaseThe assessee company was engaged in providing non-binding
investment advisory services to its Associated Enterprise situated in the
United States under a sub-advisory agreement. The remuneration struc...
Pr. Commissioner of Income Tax (Central)-3 & Anr. Vs. Ram Narain Jindal | Delhi High Court | Section 153A Income Tax Act | No Addition Without Incriminating Material During Search
Facts of the
CaseThe Revenue initiated search proceedings against
the assessee and subsequently framed assessments under Section 153A of the
Income Tax Act. During such proceedings, additions were made by the Assessin...
Principal Commissioner of Income Tax-07 vs Punjab & Sind Bank (Delhi High Court) – Deduction Claim and Revenue Appeal Dismissed under Section 260A of the Income Tax Act, 1961
Facts of the
CaseThe Revenue filed an appeal before the Delhi High
Court against the order dated 20 January 2017 passed by the Income Tax
Appellate Tribunal in relation to Assessment Year 2008–09. The Tribunal had
...
Pr. Commissioner of Income Tax-6, New Delhi vs Monnet Ispat & Energy Ltd. | Delhi High Court on Applicability of IBC Moratorium to Income Tax Appeals under Sections 14, 238 & 7 of Insolvency and Bankruptcy Code, 2016
Facts of the CaseThe Revenue Department filed multiple appeals
before the Delhi High Court challenging the order passed by the Income Tax
Appellate Tribunal (ITAT) in relation to the tax liabilities of Monnet Ispat
&a...