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Commissioner of Income Tax-VIII vs H.P. Goel – Validity of Notice under Section 158BD of the Income Tax Act in Search Assessment Proceedings
Facts of the CaseA search and seizure operation was conducted on the Batra Group on
17.12.1999. During the search proceedings, the Revenue discovered certain
documents including a receipt executed in 1999 relating to t...
Commissioner of Income Tax vs. Nishi Mehra & Ors. (ITA 120-125/2000) - Delhi High Court - Interpretation of Assessing Officer's Power in Block Assessment Under Section 153A - Validity of Property Valuation
Facts of the
Case:The Commissioner of Income Tax (appellant)
challenged the decision of the Income Tax Appellate Tribunal (ITAT)
which deleted the tax amounts sought to be assessed under Section 153A
of the Income Ta...
Commissioner of Income Tax-XI vs. Raj Kumar Jain ITA No. 605/2014 – Dispute on Under-valuation of Property and its Tax Implications
Facts of the
Case:The case concerns a dispute regarding the valuation
of property, E-24, South Extension Part-I, New Delhi. The property was
originally agreed to be sold by Sh. Gurdayal Singh, acting as the guardian o...
Picheswar Gadde vs. Commissioner of Income Tax Delhi-IV & Sunita Gadde vs. Commissioner of Income Tax Delhi-IV - W.P.(C) 6461/2014 & 6463/2014 – High Court of Delhi, 2015 – Clarification on Writ Petition Hearings
Facts of the
Case:The writ petitions were filed by Picheswar Gadde
and Sunita Gadde seeking the early hearing of their writ petitions related to
orders passed by the High Court of Himachal Pradesh on the dates 24.07.2...
Shanghai Electric Group Co. Ltd. vs. Director of Income Tax-II: Case on the Remand of Disputed Tax Assessment Orders under Section 263 and Tribunal’s Role in Reviewing Contract Scope for AY 2010-11
Facts of the
Case:
Shanghai Electric Group Co. Ltd. (the assessee) is a company
engaged in offshore services. The core issue revolves around the Income
Tax Assessment for the Assessment Year (AY) 2010-11, ...
Commissioner of Income Tax-VI vs. Wellworth Construction Udyog Ltd. - Section 68, Income Tax Act, 1961 - Share Application Money & Creditworthiness
Facts of the Case:
The Revenue, in this case, appealed against the order of the Income Tax
Appellate Tribunal (ITAT) dated December 20, 2013. The dispute involved an
amount of ₹1.65 crores, which the assessee had re...
Joint Investments Pvt Ltd vs. Commissioner of Income Tax – Section 14A, Rule 8D Disallowance | Court Ruling on Tax Exempt Income and AO’s Disallowance Process
Facts of the
Case:The case revolves around the appeal of Joint
Investments Pvt Ltd against the decision of the Income Tax Appellate
Tribunal (ITAT), which upheld the decision of the Assessing Officer (AO) for AY
2009...
Bikram Singh vs. Deputy Commissioner of Income Tax - Section 226(3) of Income Tax Act, 1961: Garnishee Order and Payment Dispute - High Court Ruling on Stay of Demand
Facts of the Case:
The petitioner, Bikram Singh, was assessed under Section 68 of the Income Tax
Act for Assessment Year 2011-12, with a demand raised for ₹4,39,71,545. The
assessing officer added ₹3,25,50,000 und...
"Commissioner of Income Tax-8 (Erstwhile CIT-III) vs Soyuz Industrial Resources Ltd.: Reassessment Proceedings and Sanctioning Authority under Section 151 of the Income Tax Act"
Facts of the Case:
In the matter of the assessment for the Financial Year 2002-03, the petitioner,
Commissioner of Income Tax-8 (Erstwhile CIT-III), filed an appeal
against Soyuz Industrial Resources Ltd. regarding th...
Director of Income Tax-II vs. M/s Pioneer Overseas CorporationDelhi High Court Upholds ITAT Order Deleting Penalty Proceedings: No Substantial Question of Law Arises under Section 271(1)(c) of the Income Tax Act
Facts of the
CaseThe assessee, M/s Pioneer Overseas Corporation, had
originally declared certain income as agricultural income. However, the
Assessing Officer treated the same as business income and further made
addi...