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Pr. Commissioner of Income Tax-2, Delhi vs. Clix Finance India Pvt. Ltd. — Delhi High Court on Scope of Revision under Section 263 — Lack of Inquiry vs. Inadequate Inquiry — ITA 1428/2018 (01 March 2024)
Facts of the CaseThe Revenue challenged an order of the Income Tax Appellate
Tribunal which had set aside the revisionary order passed by the Principal
Commissioner of Income Tax under Section 263 of the Income-tax Act...
SFDC Ireland Limited vs. Commissioner of Income Tax — Delhi High Court on Maintainability of Writ Against Order under Section 197 of Income-tax Act — Availability of Alternate Remedy — W.P.(C) 14636/2023 (11 March 2024)
Facts of the CaseThe petitioner challenged an order passed by the Income-tax
Department relating to issuance/refusal of a certificate under Section 197 of
the Income-tax Act concerning deduction of tax at source (TDS)....
Section 14A Disallowance Cannot Be Added to MAT u/s 115JB — Delhi High Court in PCIT v. Moon Star Securities Trading & Finance Co. Pvt. Ltd. (AY 2011-12)
Facts of the Case
The
respondent-assessee filed its return for AY 2011-12 declaring nil income.
It
earned exempt dividend income and made a corresponding disallowance under
Section 14A.
The
...
Section 14A Disallowance Cannot Be Added to MAT u/s 115JB — Delhi High Court in PCIT v. Moon Star Securities Trading & Finance Co. Pvt. Ltd. (AY 2011-12)
Facts of the Case
The
respondent-assessee filed its return for AY 2011-12 declaring nil income.
It
earned exempt dividend income and made a corresponding disallowance under
Section 14A.
The
...
: Pr. Commissioner of Income Tax, Delhi‑7 vs. M/s Paramount Propbuild Pvt. Ltd.
Facts of the CaseThe
assessee company reflected certain loan transactions in its financial
statements. The Assessing Officer (AO) completed the assessment without
conducting meaningful inquiry into the genuineness, id...
Delhi High Court on Validity of Search-Based Income-Tax Proceedings: Vivek Garg vs. DCIT, Central Circle-28, Delhi & Anr. — Key Decision in ITA 52/2024 & Connected Matters (03 April 2024)
Facts of the
CaseThe petitioner, Vivek Garg, was subjected to
income-tax proceedings initiated by the authorities pursuant to search and
seizure operations conducted under the Income-tax Act, 1961. Based on material
...
Vinod Kumar Maheshwari vs DCIT (Delhi HC, 2024): Reassessment Notices Under Sections 153A/153C Quashed Beyond Statutory 10-Year Block — Landmark Ruling on Search Assessments
Facts of the CaseThe petitioner, Vinod Kumar Maheshwari, challenged notices
issued by the Income Tax Department under the provisions governing search
assessments, particularly Sections 153A and 153C of the Income Tax A...
Delhi High Court on Validity of Search-Related Income-Tax Proceedings: Vineeta Gupta vs. ITO, Ward-46(4), Delhi & Anr. — Key Ruling in ITA 52/2024 Batch Matters (03 April 2024)
Facts of the
CaseThe petitioner, Vineeta Gupta, was subjected to
income-tax proceedings initiated by the authorities pursuant to search and
seizure operations conducted under the Income-tax Act, 1961. Based on materia...
Vikas Wahi vs DCIT (Delhi HC, 2024): Search Assessment Proceedings and Reassessment Limits — Delhi High Court Clarifies Jurisdiction Under Sections 153A/153C
Facts of the
CaseThe petitioner,
Vikas Wahi, challenged proceedings initiated by the Income Tax Department
pursuant to search-related assessment provisions under the Income Tax Act,
1961. Notices had been issued by t...
Delhi High Court on Validity of Search-Based Income-Tax Proceedings: Vikas Promoters Pvt. Ltd. vs. DCIT, Central Circle-28, Delhi & Anr. — Ruling in ITA 52/2024 Batch (03 April 2024)
Facts of the
CaseThe petitioner, Vikas Promoters Private Limited,
was subjected to income-tax proceedings initiated by the authorities pursuant
to search and seizure operations conducted under the Income-tax Act, 1961...