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Commissioner of Income Tax (Central)-II vs Home Developers Pvt. Ltd. | Addition u/s 69C Deleted as Revenue Failed to Prove Cash Loan Transactions u/s 269SS & 269T of Income Tax Act
Facts of the CaseThe Revenue filed
an appeal before the Delhi High Court against the order of the Income Tax
Appellate Tribunal for Assessment Year 2004-05. A search and seizure operation
under Section 132 of the Inco...
Commissioner of Income Tax-15 vs Shri Chintoo Tomar | Delhi High Court on Reassessment under Sections 147, 148 & Exemption under Section 54 of the Income Tax Act, 1961
Facts of the CaseThe assessee had
filed return of income for Assessment Year 2007-08 declaring capital gains
arising from sale of property. Out of total capital gains of Rs. 2,69,47,709/-,
exemption of Rs. 2,55,56,885...
Commissioner of Income Tax-II vs M/s Johnson Matthey India Pvt. Ltd. – Deletion of Penalty u/s 271G for Alleged Non-Furnishing of Transfer Pricing Documentation within Prescribed Time under Sections 92D & Rule 10D of the Income Tax Act, 1961
Facts of the Case
The Transfer Pricing Officer issued notice
dated 19 March 2007 requiring furnishing of transfer pricing documentation
under Section 92D read with Rule 10D.
The assessee sought adjournmen...
Bentley Systems India Pvt. Ltd. vs Deputy Commissioner of Income Tax & Anr. | Delhi High Court on Extension of Stay Beyond 365 Days in Tax Recovery Proceedings under Article 226
Facts
of the CaseBentley
Systems India Private Limited filed an appeal before the Income Tax Appellate
Tribunal (ITAT), being aggrieved by the order passed by the Dispute Resolution
Panel dated 16.08.2013. During the...
Commissioner of Income Tax Del-III vs. Unipatch Rubber Ltd.: Deduction under Section 80-HH and Section 80-I - Clarification of Claims on Gross Income
Facts of the Case:
The dispute arises over the claim of deductions under Section 80-I and Section
80-HH of the Income Tax Act, 1961 for the assessment year 1989-90. The
respondent, Unipatch Rubber Ltd., filed a return...
Commissioner of Income Tax – VII vs Kamal Kishore HUF, ITA 407/2014, Delhi High Court – Capital Gains under Section 68 of the Income Tax Act
Facts of the
Case:
The case revolves around the Revenue’s appeal
against the decision made by the Income Tax Appellate Tribunal (ITAT) in favor
of Kamal Kishore HUF. The appellant, Commissioner of Income Tax – ...
The Commissioner of Income Tax XIII vs. Radhey Shyam Bansal – ITA 582/2008 – Delhi High Court Ruling on Tax Assessment and Income Tax Dispute
Facts of the Case:
The appellant in this case, The Commissioner of Income Tax XIII, had filed an
appeal against the respondent, Radhey Shyam Bansal, regarding an issue of tax
assessment. The matter primarily concerned...
Commissioner of Income Tax, Delhi-IV vs M/s DCM Limited – Whether Transfer Under Scheme of Arrangement Amounts to “Transfer” Under Section 32A(5) of the Income Tax Act for Withdrawal of Investment Allowance | Delhi High Court
Facts of the
CaseM/s DCM Limited had availed investment allowance
benefits under Section 32A of the Income Tax Act during Assessment Years
1983-84 to 1990-91 in respect of machinery and industrial assets installed by
...
"The Commissioner of Income Tax XIII vs Manoj Bansal, Radhey Shyam Bansal & Sukesh Kumar Gupta - ITA Nos. 578/2008, 582/2008, 583/2008: Interpretation of Section 158BD and Satisfaction Note Requirement under the Income Tax Act"
Facts of the Case:
A search was conducted at the premises of Sh. Manoj Aggarwal on
August 3, 2000, leading to the seizure of several documents. The Revenue
initiated proceedings under Section 158BB of...
Commissioner of Income Tax-XIII vs. Suresh Kumar Gupta | Delhi High Court | ITA No. 583/2008 | Scope of Income Tax Assessment and Connected Findings under the Income-tax Act
Facts of the Case
The Revenue preferred an appeal before the
Delhi High Court challenging findings relating to the assessee under the
Income-tax Act.
The matter formed part of a group of connected
...