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Pr. Commissioner of Income Tax, Delhi-02 vs Best Infrastructure India (P) Ltd. & Connected Matters | Delhi High Court | Section 153A, Section 68 & Section 260A of the Income Tax Act, 1961
Facts of the CaseThe present appeals were filed by the Revenue
against the order of the Income Tax Appellate Tribunal (ITAT), wherein the
Tribunal directed deletion of additions made by the Assessing Officer under
Sec...
Pr. Commissioner of Income Tax, Delhi-02 vs Best Infrastructure India (P.) Ltd. & Connected Matters | Section 153A & Section 68 Income Tax Act | Delhi High Court
Facts of the CaseThe present batch of appeals arose from
assessments framed under Section 153A of the Income Tax Act after search
proceedings were conducted against the assessee group. During the assessment
proceeding...
Pr. Commissioner of Income Tax-6, New Delhi vs Monnet Ispat & Energy Ltd. | Effect of IBC Moratorium on Pending Income Tax Appeals under Sections 14, 238 & 7 of the Insolvency and Bankruptcy Code, 2016
Facts of the
CaseThe Revenue Department filed multiple Income Tax
Appeals before the Delhi High Court challenging the order passed by the Income
Tax Appellate Tribunal (ITAT) relating to the tax liability of Monnet Is...
Principal Commissioner of Income Tax-8 vs ST Microelectronics Private Ltd. | Delhi High Court on Transfer Pricing Comparables under Section 92CA & Section 154 of the Income Tax Act
Facts of the CaseThe assessee, ST Microelectronics Private Ltd.,
was engaged in providing software development services to its Associated
Enterprise, Genesis Microchip Inc., USA. For transfer pricing compliance, the
a...
Pr. Commissioner of Income Tax, Delhi-2 vs Central Warehousing Corporation | Delhi High Court Clarifies Depreciation as Allowance and Not Expenditure under Section 10(29) of the Income Tax Act, 1961
Facts of the
CaseThe Revenue preferred five appeals before the Delhi
High Court challenging a common order of the Income Tax Appellate Tribunal
(ITAT) relating to Assessment Years 1989–90, 1993–94, 1997–98...
Principal Commissioner of Income Tax (Central)-1 v. Sahara India (Firm): Delhi High Court Upholds Deletion of Penalty under Sections 271D and 271E of the Income Tax Act, 1961
Facts of the CaseThe present matter arose from four appeals preferred by the
Revenue against a common order passed by the Income Tax Appellate Tribunal
(ITAT) concerning Assessment Years 2003–04 and 2004–05. The di...
Principal Commissioner of Income Tax (Central)-2 vs Index Securities Private Limited & Vidya Shankar Investment Private Limited (Delhi High Court) — Scope of Section 153C: Whether Non-Incriminating Documents Merely ‘Pertaining To’ Assessee Can Trigger Reassessment? Principal Commissioner of Income Tax (Central)-2 vs Index Securities Private Limited & Vidya Shankar Investment Private Limited | Delhi High Court | Section 153C, Section 68, Section 143(3), Section 260A of Income Tax Act
Facts of the
CaseThe Revenue preferred appeals under Section 260A of
the Income Tax Act challenging the Income Tax Appellate Tribunal (ITAT) orders
in relation to two assessees, namely Index Securities Private Limited...
Pr. Commissioner of Income Tax, Delhi-2 vs Central Warehousing Corporation | Delhi High Court on Section 10(29) Income Tax Act – Whether Depreciation is an Expense or Allowance for Tax Exemption Computation
Facts of the
CaseThe Revenue filed five appeals before the Delhi
High Court under Section 260A challenging the common order of the Income Tax
Appellate Tribunal (ITAT) relating to Assessment Years 1989-90, 1993-94,
1...
M/s ESS Distribution (Mauritius) SNC et Compagnie & M/s ESS Advertising (Mauritius) SNC et Compagnie vs Assistant Commissioner of Income Tax, Circle 1(2)(2), International Taxation, New Delhi | Delhi High Court | Reassessment under Sections 147/148 and Invalid Draft Assessment under Section 144C for Foreign Partnership Firms
Facts of the CaseThe petitioners, Mauritius-based partnership firms, were engaged in sports content distribution and advertisement sales linked to ESPN Star Sports broadcasting operations. They filed income tax returns c...
Pr. Commissioner of Income Tax-6, New Delhi vs New Video Pvt. Ltd. | Delhi High Court on Section 68 Addition and Subsequent Repayment of Creditors
Facts of the
CaseThe Revenue filed appeals before the Delhi High
Court against the order passed by the Income Tax Appellate Tribunal concerning
Assessment Year 2007–08.The dispute arose from an addition of Rs.
21,6...