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Commissioner of Income Tax vs Oasis Hospitalities Pvt. Ltd. & Connected Matters (2011) 333 ITR 119 (Delhi High Court)
Facts of the
Case
The Revenue challenged orders passed by the Commissioner of Income
Tax (Appeals) and the Income Tax Appellate Tribunal deleting additions
made under Section 68 in respect of share applica...
National Financial Reporting Authority (NFRA) vs M/s Sundaresha & Associates & CA C. Ramesh | Audit Failure, Independence Violation, Audit File Tampering & Professional Misconduct in Tanglin Developments Ltd. Audit under Section 132(4) of the Companies Act, 2013
Facts of the CaseThe matter arose from information shared by SEBI
regarding diversion of approximately ₹3,535 Crores from seven subsidiary
companies of Coffee Day Enterprises Limited (CDEL) to Mysore Amalgamated Coff...
CIT Vs. Jaypee Hotels Ltd. | Depreciation Rate on Golf Course: Plant vs. Hotel Building | Section 32 & Section 154 of Income Tax Act
Facts
of the Case
Context: The appeals involve multiple Assessment Years (A.Y. 2002-03,
2003-04, and 2005-06) concerning the characterization and depreciation
rate applicable to a golf course managed by th...
Commissioner of Income Tax, Delhi-II vs. Mahindra Finlease Pvt. Ltd. & Mahindra Traders Pvt. Ltd. – Whether Protective Assessment Can Be Framed Under Sections 158BC/158BD of the Income-tax Act, 1961
Facts of the
CaseA search and seizure operation under Section 132 of
the Income-tax Act was conducted on 20.06.2000 at the residential and business
premises of Shri P.K. Sood, who was a Director of the respondent comp...
Alcatel Lucent International vs. Assistant Director of Income Tax & Others [2010] 2010:DHC:2462-DB (Delhi High Court) under Section 143(3) of the Income-tax Act, 1961
Facts of the CaseAlcatel Lucent International filed multiple writ
petitions challenging orders passed by the Assessing Officer while giving
effect to earlier orders of the Income Tax Appellate Tribunal.The disput...
CA Hemant Khator vs National Financial Reporting Authority (NFRA) | Professional Misconduct in Statutory Audit of Women Next Lingeries Ltd. under Section 132(4) of the Companies Act, 2013
Facts of the
CaseThe National Financial Reporting Authority (NFRA),
exercising powers under Section 132(4) of the Companies Act, 2013, initiated
disciplinary proceedings against CA Hemant Khator, Engagement Partner of...
Commissioner of Income Tax v. Sashi Prakash Khemka: ITAT Cannot Mechanically Apply Companion Case Precedents Without Verifying Factual Parity under Section 139(1)
FACTS OF THE
CASE
The respondent/assessee filed his individual return of income for
the Assessment Year (AY) 1993-94 on October 29, 1993.
The assessee owned 70,000 shares in M/s NEPC Micon Ltd., which
i...
National Financial Reporting Authority (NFRA) Vs CA Rakesh Puri (Engagement Partner of M/s Y.D. & Co.) | Audit Failure in Sun and Shine Worldwide Ltd. Case | Penalty and 5-Year Debarment under Section 132(4) of Companies Act, 2013
Facts of the CaseSun and Shine Worldwide Limited (SSWL), a company
listed on the Bombay Stock Exchange and engaged in commodity futures trading,
reported extraordinarily high sales and purchase figures in its financial...
National Financial Reporting Authority (NFRA) vs M/s Sundaresha & Associates & Ors. | Professional Misconduct in Audit of Giri Vidhyuth (India) Ltd. under Section 132(4) of the Companies Act, 2013
Facts of the Case
GVIL was a subsidiary company within the Coffee Day Group.
Investigations conducted following disclosures relating to
diversion of funds from Coffee Day Enterprises Limited (CDEL) revea...
Alcatel Lucent International vs. Assistant Director of Income Tax & Others [2010] 2010:DHC:2463-DB (Delhi High Court) under Section 254 of the Income-tax Act, 1961
Facts of the CaseAlcatel Lucent International filed a writ petition
before the Delhi High Court challenging an order passed by the Assessing
Officer while giving effect to directions issued by the Income Tax Appe...