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Krishak Bharati Coop. Ltd. vs. Commissioner of Income Tax: Scope of Rectification Under Section 154 on Debatable Deductions
Facts of the CaseThe appellant, Krishak Bharati Coop. Ltd., filed its income
tax return for the Assessment Year 1992–93, claiming a business expenditure
deduction of ₹91,32,404 under Section 43B of the Income Tax A...
Vatika Limited vs. Commissioner of Income Tax: Concurrent Factual Findings on Undisclosed Real Estate Income Under Section 132
Facts of the Case
Search
and Seizure: A search and seizure operation under Section
132 of the Income Tax Act was conducted at the business premises of the
appellant, Vatika Limited (formerly Vatika La...
Commissioner of Income Tax XIII vs Bharat Bhushan Jain & Connected Assessees – Delhi High Court on Section 68 Addition, Accommodation Entries, Burden of Proof and Unexplained Cash Credits | ITA Nos. 669/2009 to 1326/2010
Facts of the CaseThe Revenue preferred a batch of appeals against several
assessees on the allegation that amounts received by them represented
accommodation entries and unexplained cash credits liable to addition unde...
Shravan Gupta vs. Assistant Commissioner of Income Tax: Prosecution for Willful Failure to Produce Foreign Bank Accounts Under Section 276D of the Income Tax Act
Facts of the Case
Voluntary
Disclosure: On November 17, 2011, the petitioner
voluntarily disclosed a foreign bank account held with HSBC Private Bank
in Geneva, Switzerland, to the Director of Income ...
Director of Income Tax (International Taxation) vs GE Engine Services Distribution LLC – Delhi High Court | Sections 9(1)(vii), 44BB & Permanent Establishment Issues under Income Tax Act
Facts of the CaseThe appeals were filed by the Director of Income Tax
(International Taxation) against various GE group entities, including GE Engine
Services Distribution LLC, concerning the taxability of receipts ear...
Tax Deductions under Section 80-HHC: Commissioner of Income Tax, Delhi Vs. Commer. and Associates P. Ltd.
Facts of the Case
The
Appellant in this case is the Commissioner of Income Tax, Delhi (the
Revenue) , and the Respondent is M/s Commer. and Associates P. Ltd.
The
Revenue preferred an statutory tax...
M/s Trimatic Engineering Co. P. Ltd. vs. Assistant Commissioner of Income Tax: Scope of 'Employment' and Inclusion of Contractual Workers for Deduction under Section 80I
Facts of the Case
The
Assessee's Business & Claim: The Appellant/Assessee, M/s
Trimatic Engineering Co. P. Ltd., is an industrial undertaking engaged in
manufacturing operations. For the Assessmen...
United Health Group Information Services Private Limited v. Deputy Commissioner of Income Tax (Circle 27(1), New Delhi) & Anr. | Writ Jurisdiction under Article 226 for Extension of Income Tax Recovery Stay Beyond 365 Days
Facts of the Case
The
petitioner, United Health Group Information Services Private Limited,
filed an appeal (ITA No. 825/Del/2014) before the Income Tax Appellate
Tribunal (ITAT) challenging an order ...
Commissioner of Income Tax, Delhi-II vs. M/s. Motherson Auto P. Ltd. Taxability of Goodwill Consideration under Section 45 of the Income Tax Act, 1961: Valuation of a Self-Generating Asset Transferred as a Going Concern under a Collaboration Agreement.
Facts of the Case
Assessee
Takeover: The assessee (M/s. Motherson Auto P. Ltd.)
was taken over as a going concern by a new joint-venture entity (M/s.
Motherson Sumi Systems Pvt. Ltd.) under a collabor...
Commissioner of Income Tax, Delhi-VI & Delhi-VII vs Kavita Gupta | Reassessment under Sections 147/148 – Validity of Additions without Proper Correlation of Transactions and Flow of Funds
Facts of the Case:Kavita
Gupta, the respondent, is engaged in property transactions, entering agreements
to purchase properties and advancing amounts. After property appreciation, she
either sells the assets or the as...