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Commissioner of Income Tax vs. Assessee — High Court Confirms Remand to CIT(A) for Fresh Adjudication Post Finance Act 2006 Retrospective Amendment under Section 148 and Section 143(2) of Income Tax Act, 1961
Facts of the Case
The
appeals were filed against the impugned order dated September 14, 2007,
passed by the Income Tax Appellate Tribunal (ITAT) in ITA Nos.
4308/Del/2003 and 4656/Del/2004 for AY 1997...
Geo Enpro Petroleum Ltd. vs Deputy Commissioner of Income Tax (Delhi High Court) – Deduction under Section 80-IB(9): Determination of Initial Assessment Year for Commercial Production
Facts of the
CaseGeo Enpro Petroleum Ltd. was a member of a
consortium that successfully bid for development of the Kharsang Oil Field in
Arunachal Pradesh pursuant to a Notice Inviting Tender issued by the Government...
Commissioner of Income Tax, Delhi (Central)-II vs. V.L.S. Finance Limited: Scope of Rectification Under Section 254(2) of the Income Tax Act, 1961 – Non-Consideration of a Binding Supreme Court Precedent Constitutes a Mistake Apparent from the Record Warranting Recall of Tribunal Order
Facts of the CaseThe Income-tax Appellate Tribunal (ITAT) originally passed a
common order dated August 31, 2005, under Section 254(1) of the Income Tax Act,
1961, regarding depreciation on hire-purchase assets. In tha...
Geo Enpro Petroleum Ltd. vs Deputy Commissioner of Income Tax – Determination of Initial Assessment Year for Deduction under Section 80-IB(9) of the Income Tax Act
Facts of the
CaseThe Government of India invited bids for the
development of certain oil fields, including the Kharsang Oil Field in
Arunachal Pradesh. A consortium, of which Geo Enpro Petroleum Ltd. was a
member, su...
The Commissioner of Income Tax, Delhi (Central)-II vs. M/s V.L.S. Finance Limited: Scope of Rectification under Section 254(2) of the Income Tax Act, 1961 regarding Non-Consideration of Binding Precedents on Depreciation for Hire-Purchase Assets
Facts of the Case
The
Income-tax Appellate Tribunal (ITAT) originally passed a common order
dated August 31, 2005, under Section 254(1) of the Income Tax Act, 1961,
regarding ITA Nos. 1754, 1755/Del/2...
Geo Enpro Petroleum Ltd. v. Deputy Commissioner of Income Tax [2009:DHC:1854-DB] – Deduction under Section 80-IB(9): Determination of Initial Assessment Year Based on Commencement of Commercial Production
Facts of the
CaseThe Government of India invited bids for the
development of certain oil fields, including the Kharsang Oil Field in
Arunachal Pradesh. A consortium, of which Geo Enpro Petroleum Ltd. was a
member, wa...
Commissioner of Income Tax Delhi (Central)-II vs. V.L.S. Finance Limited: Scope of Income Tax Appellate Tribunal (ITAT) Powers under Section 254(2) Regarding Rectification of Mistakes Apparent from the Record Due to Non-Consideration of Supreme Court Precedents
Facts of the Case
The
Income Tax Appellate Tribunal (ITAT) initially passed a common order dated
August 31, 2005, under Section 254(1) of the Income Tax Act for the
Assessment Years 1995-96, 1996-97, ...
Pr. Commissioner of Income Tax-1 vs Avery Dennison (India) Pvt. Ltd. | Delhi High Court | Transfer Pricing Adjustment on Intra-Group Services | TNMM vs CUP Method
Facts of the
CaseAvery Dennison (India) Pvt. Ltd. entered into
international transactions with its Associated Enterprise (AE). For transfer
pricing purposes, the assessee adopted the Transactional Net Margin Method
(...
Commissioner of Income Tax vs. Dawn View Farms Pvt Ltd: Validity of Block Assessment Jurisdiction Under Section 158BD of the Income Tax Act, 1961 – Mandate of Satisfaction Note by the Assessing Officer of the Searched Party
Facts of the Case
A
search and seizure operation under Section 132 of the Income Tax Act,
1961, was carried out at the premises of an entity named M/s Yadav
& Co.
During
the search, statem...
Commissioner of Income Tax (Revenue) vs. Assessee (Name Not Available) – Delhi High Court Holds Revenue Appeal Not Maintainable Without Committee on Disputes (COD) Approval | ITR No. 72/2009
Facts of the
Case
The Revenue filed an Income Tax Reference before the Delhi High
Court.
During the proceedings, it was observed that approval from the
Committee on Disputes (COD) had not been obtained.
...