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Oriflame India Private Limited vs Assistant Commissioner of Income Tax & Connected Appeals | Delhi High Court | Transfer Pricing | RPM vs TNMM | Comparable Selection under Section 92C & Rule 10B of Income-tax Act
Facts of the CaseOriflame India Private Limited, engaged in the import and sale
of cosmetic and personal care products, filed returns for the relevant
assessment years and furnished transfer pricing documentation for i...
Oriflame India Private Limited vs Assistant Commissioner of Income Tax & Ors. | Delhi High Court | Transfer Pricing Comparable Selection under Section 92A & Section 92C of the Income Tax Act, 1961
Facts of the CaseOriflame India Private Limited, a wholly owned subsidiary of
Oriflame Investments Limited, Mauritius, was engaged in direct selling and
distribution of cosmetic products in India through consultants.Fo...
PR. Commissioner of Income Tax–2 vs M/s ChrysCapital Investment Advisors Pvt. Ltd. & Connected Appeals (Delhi High Court, 2018) – Transfer Pricing Comparable Selection under Sections 92CA & 260A
Facts of the CaseThe Revenue filed appeals under Section 260A of the Income
Tax Act, 1961 challenging the order of the Income Tax Appellate Tribunal
(ITAT) concerning determination of Arm’s Length Price (ALP) under S...
PR. Commissioner of Income Tax vs ChrysCapital Ltd. & Anr. | Delhi High Court | ITA 346/2018 & ITA 349/2018 | Dismissal of Revenue Appeals Referring Earlier Judgment
Facts of the CaseThe present matter involves two appeals filed by the Revenue,
namely:
ITA
346/2018: PR. Commissioner of Income Tax vs ChrysCapital Ltd.
ITA
349/2018: Pro Commissioner of Income Tax-2 vs...
Oriental Bank of Commerce vs Additional Commissioner of Income Tax (Delhi High Court, 2018) – Appeals Allowed with Reference to Connected Judgment (ITA 129/2018)
Facts of the CaseThe appellant, Oriental Bank of Commerce, along with its
Central Accounts Office, filed appeals before the Delhi High Court against
orders passed by the Additional Commissioner of Income Tax. The matte...
Oriental Bank of Commerce vs Additional Commissioner of Income Tax (Delhi High Court, 2018) – Appeals Allowed with Reference to Connected Judgment (ITA 129/2018)
Facts of the CaseThe appellant, Oriental Bank of Commerce, filed multiple
income tax appeals before the Delhi High Court challenging orders passed by the
tax authorities. The matters were connected with similar issues ...
Oriental Bank of Commerce vs Additional Commissioner of Income Tax (Delhi High Court, 2018) – Software Expenditure Held as Revenue Expenditure under Income Tax Act
Facts of the CaseThe assessee, Oriental Bank of Commerce, incurred
expenditure on acquisition of various categories of software for its banking
operations during the relevant assessment years. The Assessing Officer (AO...
Oriental Bank of Commerce vs Additional Commissioner of Income Tax – Delhi High Court Allows Appeals Referring to Earlier Judgment (ITA 415/2017, 414/2017 & 56/2018)
Facts of the CaseThe present matter involves multiple appeals filed by Oriental
Bank of Commerce, including its Central Accounts Office, against orders
passed by the Additional Commissioner of Income Tax. The appeals w...
PR. Commissioner of Income Tax Delhi-18 vs M/s N.S. Software (Firm) – Invalidity of Section 153C Proceedings Due to Defective Satisfaction Note (Delhi High Court)
Facts of the CaseThe assessee, M/s N.S. Software (Firm), was subjected to
proceedings following a search and seizure operation conducted under Section
132 in the Rajdurbar Group. During the search, a hard disk allegedl...
Arjun Malhotra vs Commissioner of Income Tax & Director of Income Tax vs Arjun Malhotra (Delhi High Court, 2018) – Section 48, 54F & 271(1)(c) – Capital Gains, Transfer of Shares & Fair Market Value Dispute
Facts of the Case
The
assessee, Arjun Malhotra, sold 1,00,000 shares of NIIT to
M/s Glad Investment Pvt. Ltd. and declared the date of transfer as 14.08.1997.
He
claimed exemption under Secti...