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Commissioner of Income Tax, Delhi vs M/s Bhushan Steels and Strips Ltd. | Delhi High Court on Sales Tax Exemption as Capital Receipt under Section 43B & Section 4-A of UP Sales Tax Act
Facts of the
CaseThe assessees, M/s Bhushan Steels and Strips
Ltd. and M/s Vardhman Industries Ltd., established industrial units
in notified backward areas of Uttar Pradesh and claimed exemption from payment
of sale...
Paras Sales Corporation vs Commissioner of Income Tax-1 (Central) | Delhi High Court on ITAT Remand, Cross-Examination Rights & Bogus Purchase Allegations under Sections 143(3) and 133A of the Income Tax Act
Facts of the CaseThe assessee, Paras Sales Corporation, was engaged in the
business of trading in food grains at Naya Bazar, Delhi. During scrutiny
assessment for AYs 2004-05 and 2005-06, the Assessing Officer rejected...
Principal Commissioner of Income Tax (Central)-1 vs Sahara India Financial Corporation Ltd. | Delhi High Court Upholds ITAT Order Dismissing Revenue Appeals under Section 260A of the Income Tax Act, 1961
Facts of the CaseThe Revenue filed multiple appeals before the Delhi High
Court against the common order of the ITAT dated 13 December 2016. The ITAT had
dismissed the Revenue’s appeals concerning Sahara India Financ...
Commissioner of Income Tax, Delhi vs M/s Bhushan Steels and Strips Ltd. | Delhi High Court on Taxability of Sales Tax Exemption as Capital Receipt under Section 43B of the Income-tax Act
Facts of the CaseThe assessees, Bhushan Steels and Strips Ltd.
and Vardhman Industries Ltd., established and expanded industrial units
in notified backward areas of Uttar Pradesh. Under the State Government’s
...
Principal Commissioner of Income Tax (Central)-1 vs Sahara India Financial Corporation Ltd. | Delhi High Court | Section 260A Income Tax Act | Revenue Appeal Dismissed Following Binding Precedents
Facts of the CaseThe Revenue preferred multiple appeals before the Delhi High
Court against a common order passed by the ITAT dismissing its appeals. The
Revenue sought consideration of certain questions of law arising...
Paras Sales Corporation vs Commissioner of Income Tax-1 (Central) | Delhi High Court on ITAT Remand, Cross-Examination Rights & Bogus Purchase Allegations under Sections 143(3) and 133A of the Income-tax Act
Facts of the CaseParas Sales Corporation, engaged in food grain trading at Naya
Bazar, New Delhi, was subjected to scrutiny assessment for Assessment Years
2004-05 and 2005-06. During assessment under Section 143(3), t...
Mastech Technologies Pvt. Ltd. Vs. Deputy Commissioner of Income Tax (Delhi High Court) – Reassessment under Sections 147/148 Quashed for Procedural Illegality, Limitation Bar, and Non-Communication of Reasons
Facts of the CaseThe petitioner-company filed its income tax return
for AY 2008–09 declaring a loss. The return was initially processed under
Section 143(1). Subsequently, the Assessing Officer issued a notice under
...
Pr. Commissioner of Income Tax, Central-3 vs PPC Business and Products Pvt. Ltd. & Connected Matters | Delhi High Court on Limitation under Sections 153A, 153B & 153C of Income Tax Act
Facts of the
CaseThe Revenue preferred multiple appeals under
Section 260A of the Income Tax Act against various assessees arising out of a
common search operation conducted under Section 132. Search authorizations we...
Principal Commissioner of Income Tax (Central)-1 vs. Sahara India Financial Corporation Ltd. | Delhi High Court | Section 260A Income Tax Act | Revenue Appeals Dismissed Following Binding Precedent
Facts of the CaseThe Revenue preferred multiple appeals before the Delhi High
Court under Section 260A of the Income Tax Act against the order of the ITAT.
The Tribunal had dismissed the Revenue’s appeals.The Revenue...
Pr. Commissioner of Income Tax-6 vs Mewat Zincs Pvt. Ltd. | Scope of Rectification Powers under Section 254(2) of the Income Tax Act and Finality of Unchallenged Recall Orders
Facts of the CaseThe Revenue preferred appeals before the Delhi High Court
under Section 260A challenging the order dated 12 January 2016 passed by the
Income Tax Appellate Tribunal in relation to Assessment Year...