Blog Categories
Subscribe to Newsletter
Join our subscribers list to get the latest Tax Updates and Opportunities.
P.R. Commissioner of Income Tax Central-02 vs B.L. Kashyap and Sons Ltd (Delhi High Court, 2023) – Section 142(2A), 142(2C) & 292B Analysis on Extension of Audit Time
Facts of the
CaseThe present appeals were filed by the Revenue
challenging a common order dated 30.09.2020 passed by the Income Tax Appellate
Tribunal (ITAT) concerning Assessment Years 2004-05 to 2008-09. The core is...
Principal Commissioner of Income Tax vs B.L. Kashyap and Sons Ltd (Delhi High Court) – Section 142(2A), 142(2C) & 292B – Validity of Extension of Time for Special Audit
Facts of the
CaseThe present appeals were filed by the Revenue
challenging a common order passed by the Income Tax Appellate Tribunal
concerning multiple assessment years (AY 2004–05 to AY 2008–09).The core issue ...
P.R. Commissioner of Income Tax (Central-02) vs B.L. Kashyap and Sons Ltd. | Section 142(2A), 142(2C), 292B Income Tax Act – Delhi High Court
Facts of the
CaseThe appeals were filed by the Revenue before the
Delhi High Court challenging a common order dated 30.09.2020 passed by the
Income Tax Appellate Tribunal concerning Assessment Years 2004–05 to 2008â...
P.R. Commissioner of Income Tax (Central) vs B.L. Kashyap and Sons Ltd. | Section 142(2A), 142(2C), 292B – Delhi High Court Judgment (2023)
Facts of the
CaseThe appeals were filed by the Revenue challenging a
common order passed by the Income Tax Appellate Tribunal (ITAT) dated
30.09.2020 concerning multiple assessment years.The central issue arose from t...
PR Commissioner of Income Tax, Central-3 vs Shyam Sunder Jindal (Delhi High Court, 2023) – Notional Interest Addition Deleted u/s 254(2) & Search Assessment Principle
Facts of the
Case
The assessee was alleged to have maintained a foreign bank
account with HSBC, Geneva.
The Tribunal, in earlier proceedings, remanded the issue of
existence of the bank account to the A...
Commissioner of Income Tax (International Taxation)-1, New Delhi vs BBC World Distribution Ltd (Delhi High Court) – Distribution Revenue Not Taxable as Royalty | AY 2008-09
Facts of the
Case
The respondent/assessee, BBC World Distribution Ltd, was
granted non-exclusive global distribution rights by BBC World News
Ltd.
The assessee transferred distribution rights to BBC Wor...
PR Commissioner of Income Tax, Central-3 vs Shyam Sunder Jindal (Delhi High Court) – Section 254(2) | Notional Interest Addition on HSBC Foreign Account | No Incriminating Material Found
Facts of the
CaseThe Revenue filed appeals challenging a common
order passed by the Income Tax Appellate Tribunal (ITAT) under Section 254(2)
of the Income-tax Act for Assessment Years 2008–09 to 2011–12.The case ...
PR. Commissioner of Income Tax, Delhi-7 vs WSP Consultants India Pvt. Ltd. | Delhi High Court | Transfer Pricing | Section 92CA, 143(3), 144C | AY 2012-13
Facts of the
CaseThe assessee, WSP Consultants India Pvt. Ltd.,
filed its return for AY 2012-13 declaring a loss of ₹5.58 crores. The case was
referred to the Transfer Pricing Officer (TPO) under Section 92CA concer...
PR. Commissioner of Income Tax, Central-3 vs Shyam Sunder Jindal | Delhi High Court | Section 254(2) Rectification & Notional Interest Addition
Facts of the
CaseThe Revenue filed multiple appeals challenging a
common order passed by the Income Tax Appellate Tribunal (ITAT) dated
20.12.2019 under Section 254(2) of the Income-tax Act, 1961. The dispute
pertain...
Triveni Enterprises Limited vs Income Tax Officer-25(3) & Anr. (Delhi High Court, 2023) – Challenge to Section 148 Reassessment & Constitutional Validity of Section 115BBE Rejected
Facts of the
CaseThe petitioner, Triveni Enterprises Limited,
filed writ petitions challenging:
Orders dated 25 July 2022 passed under Section 148A(d) of the
Income Tax Act, 1961
Notices issued under Section...