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Post-Search Income-Tax Proceedings & Central Circle Jurisdiction — Writ Petitions Against Notices Not Maintainable: Delhi High Court in Alka Agarwal v. DCIT (Central Circle-28), 2024
Facts of the CaseAlka Agarwal filed writ petitions before the Delhi
High Court challenging income-tax proceedings initiated following search and
investigation actions conducted by the Department. Consequent to th...
Search-Based Assessments & Central Circle Jurisdiction — Writ Petitions Challenging Income-Tax Proceedings Dismissed: Delhi High Court in Alka Agarwal v. DCIT (Central Circle-28), 2024
Facts of the
CaseAlka Agarwal filed writ petitions before the Delhi
High Court challenging income-tax proceedings initiated following search and
investigation actions conducted by the Department. Consequent to the sea...
Validity of Central Circle Proceedings After Search — Writ Challenges to Income-Tax Notices Rejected: Delhi High Court in Alankit Insurance TPA Ltd. v. DCIT (Central Circle-28), 2024
Facts of the
CaseAlankit Insurance TPA Limited filed a writ petition
before the Delhi High Court challenging income-tax proceedings initiated
pursuant to search and investigation actions conducted by the Department.
...
Income-Tax Proceedings After Search — Challenge to Central Circle Jurisdiction and Notices Dismissed: Delhi High Court in Alankit Insurance Brokers Ltd. v. DCIT (Central Circle-28), 2024
Facts of the CaseAlankit Insurance Brokers Limited was among
numerous petitioners who approached the Delhi High Court through writ petitions
challenging income-tax proceedings initiated pursuant to search and
in...
Post-Search Assessments & Central Circle Jurisdiction — Challenge to Income-Tax Proceedings Rejected: Delhi High Court in Alankit Insurance Brokers Ltd. v. DCIT (Central Circle-28), 2024
Facts of the
CaseAlankit Insurance Brokers Limited, along with
several group entities and individuals, filed writ petitions before the Delhi
High Court challenging income-tax proceedings initiated pursuant to search a...
Validity of Central Circle Proceedings After Search — Reassessment Notices and Jurisdiction Upheld: Delhi High Court in Alankit Forex India Ltd. v. DCIT (Central Circle-28), 2024
Facts of the CaseAlankit Forex India Limited, along with numerous
connected entities and individuals, filed writ petitions before the Delhi High
Court challenging income-tax proceedings initiated following search...
Reopening & Central Circle Proceedings After Search — Validity of Notices and Jurisdiction Upheld: Delhi High Court in Alankit Finsec Ltd. v. DCIT (Central Circle-28), 2024
Facts of the CaseThe petitions, including that of Alankit Finsec
Limited, arose from income-tax proceedings initiated following search and
investigation actions, after which jurisdiction over the petitioners was
trans...
Section 56(2)(viib) Valuation Dispute — AO Cannot Substitute Assessee’s Chosen DCF Method with NAV Method: Delhi High Court in Agra Portfolio Pvt. Ltd. v. PCIT (2024)
Facts of the CaseThe assessee, Agra Portfolio Pvt. Ltd., allotted
3,15,000 equity shares of face value ₹10 each at a premium of ₹40 per share
during AY 2014-15, aggregating ₹1,26,00,000. For determining Fair Mark...
Delhi High Court Curtails Search-Based Reassessments Without Statutory Compliance — INDO GREENFUEL PVT. LTD. v. ACIT (Central Circle-28), Delhi & Ors., ITA 52/2024 & Connected Matters (03 April 2024)
Facts of the CaseThe writ petitions filed by Indo Greenfuel Pvt. Ltd. formed
part of a large batch of appeals and writ petitions adjudicated together by the
Delhi High Court in ITA 52/2024 and connected matters arising...
Delhi High Court Reinforces Statutory Limits on Search-Based Reassessments — INDO GREENFUEL PRIVATE LIMITED v. ACIT, Central Circle-28, Delhi & Ors. (03 April 2024)
Facts of the CaseThe writ petitions filed by Indo Greenfuel Private Limited
formed part of a large batch of appeals and writ petitions adjudicated together
by the Delhi High Court in ITA 52/2024 and connected matters a...