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Commissioner of Income Tax vs. M/s Jagat Novel Exhibitors Private Limited | Delhi High Court | Section 147/148 Reassessment Notice Validity under Income Tax Act, 1961
Facts of the CaseThe Revenue filed appeals before the Delhi High
Court under Section 260A of the Income Tax Act, 1961 against the orders passed
in favour of M/s Jagat Novel Exhibitors Private Limited for Assessment Yea...
Dy. Commissioner of Income Tax vs General Sales Pvt. Ltd. & Ors. | Delhi High Court | Section 276C Income Tax Act | Fake Donation Entries & Tax Evasion Prosecution
Facts of the CaseThe Income Tax Department initiated investigations
after complaints were received regarding misuse of approved charitable
institutions for generating false donation claims.Search operations conducted u...
Rahuljee & Company Pvt. Ltd. vs Income Tax Appellate Tribunal-I & Others – Foreign Travel Expenditure Allowability and Levy of Interest under Section 217 of the Income Tax Act | Delhi High Court
Facts of the CaseThe assessee company had originally challenged
several disallowances made by the Assessing Officer, including customer damage
claims, payments made to an individual, estimated expenses, foreign travel
...
[Petitioner Name] vs Commissioner of Income Tax & Anr. – Delhi High Court on Withdrawal of Writ Petition and Expedited Hearing before CIT(A) in Income Tax Proceedings
Facts of the
CaseThe petitioner approached the Delhi High Court by
way of a writ petition in relation to ongoing income tax proceedings. During
the hearing, learned counsel appearing for the petitioner sought permissi...
Vatika Limited (Formerly Vatika Space Management Pvt. Ltd.) & Another vs Income Tax Officer Ward 17(2), New Delhi | Reassessment under Sections 147 & 148 Quashed Due to Full Disclosure of Material Facts
Facts of the CaseThe petitioner company, engaged in the business of
maintenance and management of properties, filed its return declaring a loss for
the Assessment Year 2002-03. During the original assessment proceeding...
Mahavira Foundation vs Director General of Income Tax (Exemption), Delhi – Scope of Approval under Section 10(23C)(vi) of Income Tax Act and Limits on Allegations of Fabricated Accounts
Facts of the CaseThe petitioner, Mahavira Foundation, was a society
registered under the Societies Registration Act, 1860 and had been engaged in
imparting education through Mahavir Senior Model School in Delhi for mor...
Commissioner of Income Tax vs Elel Hotels & Investment Ltd. | Addition of Licence Fee on Sea Rock Hotel Income Accrual under Sections 132, 143(3), 153A & 260A of the Income Tax Act
Facts of the
CaseElel Hotels & Investment Ltd. owned the Sea
Rock Hotel property and had entered into a lease and operatorship agreement
with ITC Ltd. in November 1978. Under the agreement, the assessee was entitl...
Sun Investment Pvt. Ltd. vs Assistant Commissioner of Income Tax & Ors. | Reassessment under Section 148 beyond Four Years Quashed for Absence of Failure to Disclose Material Facts under Section 115JB of the Income Tax Act
Facts of the CaseFor Assessment Year 2003-04, the petitioner filed
its return declaring nil income along with audited financial statements, Form
29B, computation of income, and schedules to accounts. The accounts
spec...
Tax Deductibility and Business Setup Principles Under Section 28 and Section 32: Commissioner of Income Tax vs. Sauer Danfoss Pvt Ltd
Facts of the CaseThe case arises from an appeal filed by the Revenue
(Commissioner of Income Tax) under Section 260A of the Income Tax Act, 1961,
against the respondent-assessee, Sauer Danfoss Pvt Ltd, for the Assessme...
CIT-IV vs Fortis Financial Services Ltd. (Delhi HC) – Whether Non-Inclusion of Bill Discounting Charges Constitutes Concealment under Section 13 of Interest Tax Act, 1974
Facts of the CaseThe respondent assessee, Fortis Financial Services
Ltd., engaged in financial services business, filed returns for Assessment
Years 1996–97 and 1997–98.During assessment proceedings, the Assessing
...