Blog Categories
Subscribe to Newsletter
Join our subscribers list to get the latest Tax Updates and Opportunities.
PR. Commissioner of Income Tax-1 vs M/s Ansal Properties and Infrastructure Ltd (Delhi High Court) – Penalty u/s 271(1)(c) Not Sustainable Due to Defective Notice & Debatable Issue
Facts of the CaseThe present appeal arose from Assessment Year 2011–12, wherein
the assessee, M/s Ansal Properties and Infrastructure Ltd, filed its
return declaring income of ₹1,20,19,74,162, later revised to ₹1...
Unipatch Rubber Ltd. vs Principal Commissioner of Income Tax (Delhi High Court) – Section 80IC Deduction Not Allowed on Interest Income from Fixed Deposits Securing Entry Tax Liability
Facts of the Case
The
case pertains to Assessment Year 2014–15.
The
appellant, Unipatch Rubber Ltd., challenged the order of the Income
Tax Appellate Tribunal dated 31.05.2022.
The
asses...
Vandana Griha Nirman Limited vs Income Tax Officer, Ward 16(1), Delhi (2023) – Invalid Assessment Against Non-Existent Entity Quashed by Delhi High Court
Facts of the CaseThe petitioner, Vandana Griha Nirman Limited (VGNL),
challenged an assessment order dated 24.05.2023 passed by the Assessing Officer
(AO) for AY 2015–16.The core issue arose because:
The
asse...
Commissioner of Income Tax (International Taxation)-2 vs Heidrick and Struggles Inc. – Rectification under Section 154 Not Denied for Wrong Head of Income Reporting (Delhi High Court)
Facts of the CaseThe respondent/assessee filed its return declaring income of
₹2.84 crore received for services rendered to an Indian entity under the head
“Income from Other Sources.”The return was processed und...
Cairnhill CGPE Limited & Anr. vs Commissioner of Income Tax (International Taxation)-2, New Delhi | Section 163 & 263 Income Tax Act Case
Facts of the Case
The
petitioners purchased shares of Mankind Pharmaceuticals Limited from Monet
Limited, a Mauritius-based entity.
The
transaction was governed by a Share Purchase Agreement dated ...
Cairnhill CGPE Limited & Cairnhill CIPEF Limited vs Commissioner of Income Tax (International Taxation)-2, New Delhi – Delhi High Court | Section 163 & 263 Income Tax Act
Facts of the CaseThe petitioners, Cairnhill CGPE Limited and Cairnhill CIPEF
Limited, had purchased shares of Mankind Pharmaceuticals Limited from Monet
Limited, a Mauritius-based entity. The transaction was governed b...
Pr. Commissioner of Income Tax-6 New Delhi vs Network Programme India Ltd – Reassessment u/s 147/148 Invalid Due to Change of Opinion & Absence of Tangible Material (AY 2002-03)
Facts of the CaseThe Revenue challenged the order of the Income Tax Appellate
Tribunal (ITAT), which had ruled in favour of the assessee. The reassessment
proceedings were initiated by the Assessing Officer (AO) on two...
Jindal Exports and Imports Pvt. Ltd. & Kiran Credits Pvt. Ltd. vs Deputy Commissioner of Income Tax Circle 13(1), Delhi & Ors. (Delhi High Court, 2023) – Invalidity of Section 148A(b) Notice Issued Beyond Prescribed Timeline
Facts of the CaseThe petitioners, Jindal Exports and Imports Pvt. Ltd.
and Kiran Credits Pvt. Ltd., challenged the legality of reassessment
proceedings initiated by the Income Tax Department.The challenge was specifica...
Jindal Exports and Imports Pvt. Ltd. & Anr. vs Deputy Commissioner of Income Tax Circle 13(1), Delhi & Ors. – Invalid Reassessment Notices under Section 148A(b) Quashed (Delhi High Court, 2023)
Facts of
the CaseThe present batch of writ petitions involved Jindal Exports
and Imports Private Limited and Kiran Credits Private Limited, who
challenged the legality of reassessment proceedings initiated by th...
Jindal Exports and Imports Pvt. Ltd. & Anr. vs Deputy Commissioner of Income Tax Circle 13(1), Delhi & Ors. – Delhi High Court Sets Aside Invalid Section 148A Notices Violating CBDT Timeline and Statutory Mandate
Facts of the Case
The
petitioners challenged reassessment notices issued under Section 148A(b)
and subsequent orders under Section 148A(d).
The
notices, though dated 02.06.2022, were actually serve...