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Commissioner of Income Tax vs Goyal M.G. Gases Pvt. Ltd. – Assessment Year 1999-2000 | Section 143(3), 153(3)(ii), 263, Income Tax Act
Facts of the
CaseThe respondent, Goyal M.G. Gases Pvt. Ltd.,
filed its income tax return for the assessment year 1999-2000 declaring an
income of Rs. 2.31 crores. The Assessing Officer completed the
assessment ...
M/s Vardan Buildcon, M/s Tarini Developers & M/s Malika Developers vs Asstt. Commissioner of Income Tax – Business Income vs Agricultural Income Dispute under ITA 2011
Facts of the
CaseThree partnership firms, M/s Vardan Buildcon,
M/s Tarini Developers, and M/s Malika Developers, sister concerns
with a common partner, reported agricultural income from the purchase and sale
of...
M/s Vardan Buildcon & Ors. vs Asstt. Commissioner of Income Tax, Circle-27(1), New Delhi – Business Income from Sale of Land vs Agricultural Income, ITA Nos. 429/2011, 430/2011 & 431/2011, Delhi High Court, 2011:DHC:1186-DB
Facts of the
Case
The three partnership firms were formed on the same date, with at
least one common partner.
As per their partnership deeds, the firms were engaged in real
estate development, building c...
Director General of Income Tax (Admn.) & Anr. vs. Board for Industrial & Financial Reconstruction & Ors. – Whether Discharge of Reference on Positive Net Worth Entitles the Revenue Department to Withdraw Concessions Granted Under a Sanctioned Scheme Under Section 18 / Section 19 of SICA, 1985
. Facts of the Case
The
Income Tax Department (the Department) filed an omnibus challenge via a
series of writ petitions under Article 226 of the Constitution of India.
The
petitions challenged mult...
Income Tax Appellate Tribunal ITA Nos. 688 & 689/2008 – Assessee vs. Revenue – Delhi High Court, Section Pertaining to Tax Effect below ₹10 Lacs
Facts of the
CaseThe case concerns ITA Nos. 688 and 689 of 2008
filed by the assessee challenging the orders of the Revenue. Both appeals
pertain to the same assessee and involve claims related to income tax
assessme...
Commissioner of Income Tax vs. XYZ Assessee – ITA Nos. 688 & 689 of 2008 | Delhi High Court | Sec. 10L of Income Tax Act
Facts of the
Case
The appeals before the Delhi High Court pertained to the same
assessee.
The combined tax effect of both appeals was less than ₹10 lakh.
The Revenue (Department of Income Tax) filed these ...
Commissioner of Income Tax, Central-II, New Delhi vs Shri Narender Anand: Interpretation of Section 43B and 139(1) of the Income Tax Act, 1961 Regarding Extension of Filing Returns and Sales Tax Payment
Facts of the
Case
The assessee, Shri Narender Anand, was required to file his income
tax return for the year ending 31.03.1988 by 31.07.1988.
The assessee applied on 29.07.1988 for an extension till
...
Director General of Income Tax (Admn.) & Anr. v. Board for Industrial & Financial Reconstruction & Ors. | Enforcement of Sanctioned BIFR Schemes Post-Discharge under SICA
Facts of the Case
Omnibus
Challenge: The Income Tax Department filed a cluster
of writ petitions [WP (C) Nos. 1940, 1942, 1943, 1945, 1946, and 1948–1958
of 2011, which includes the subject matter i...
Gurinder Singh Sikka vs Chief Commissioner of Income Tax – Withdrawal of Writ Petitions Under Delhi High Court Jurisdiction (W.P.(C) Nos. 1057/2011, 1058/2011 & 1059/2011)
Facts of the
Case
The petitioner, Gurinder Singh Sikka, had filed three writ
petitions before the Delhi High Court (W.P.(C) Nos. 1057/2011, 1058/2011
& 1059/2011) against the Chief Commissioner of Inco...
Income Tax Appellate Tribunal’s Plenary Jurisdiction Under Section 254: Commissioner of Income Tax vs. M/s Hydrocarbons India Ltd.
Facts of the Case
Background
and Assignment: The assessee company, M/s Hydrocarbons
India Ltd., was a wholly owned subsidiary of the Oil and Natural Gas
Commission of India (ONGC). It was incorporated...