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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...
Pr. Commissioner of Income Tax (Central)-3 & Anr. vs. Ram Narain Jindal | Delhi High Court Upholds Deletion of Additions under Section 153A in Absence of Incriminating Material
Facts of the
CaseThe Revenue preferred appeals before the Delhi High
Court challenging the order of the Income Tax Appellate Tribunal (ITAT), which
had set aside additions made under Section 153A of the Income-tax Act...
Woodward India Private Limited vs Additional Commissioner of Income Tax (Delhi High Court) – Refund Delay, Dishonoured Refund Cheques & Additional Interest under Section 244A(1A) of the Income Tax Act 1961
Facts of the CaseThe Petitioner, Woodward India Private Limited, approached the
Delhi High Court seeking enforcement of tax refund dues pertaining to
Assessment Years 2005–06, 2006–07, and 2007–08.It was brought ...
Pr. Commissioner of Income Tax-5 vs L.D. Crystals Pvt. Ltd. | Delhi High Court | Section 260A r/w Section 153A Income Tax Act | No Addition Without Incriminating Material During Search
Facts of the
CaseThe assessee, L.D. Crystals Pvt. Ltd., was
subjected to search proceedings under the Income Tax Act. Pursuant to the
search, assessments were completed under Section 153A, wherein
substantial additio...
Principal Commissioner of Income Tax-8 vs Steria India Ltd. | Section 10A Income Tax Act | Exclusion from Export Turnover and Total Turnover – Delhi High Court
Facts of the
CaseThe assessee, Steria India Ltd., claimed
deduction under Section 10A in respect of its export income. During assessment
proceedings, certain expenditures were excluded from the export turnover.The Rev...