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The Commissioner of Income Tax XVI vs. Sh. Sashi Mukundan (2013): Delhi High Court Ruling on Expatriate Salary Taxation and Perquisites under the Income Tax Act, 1961
Facts of the CaseThe Income Tax Department (represented by various
Commissioners of Income Tax) filed a series of Income Tax Appeals (including
ITA No. 379/2007, ITA No. 387/2008, ITA No. 212/2009, and others) ag...
Vishal Kumar vs Commissioner of Income Tax & Anr.: Delhi High Court Upholds Transfer of Income Tax Jurisdiction under Section 127 for Coordinated Investigation
Facts of the CaseThe petitioner, Vishal Kumar, was serving as Managing Director
of Xander Advisors India Pvt. Ltd. The company was involved in advisory
services through a chain of entities associated with foreign inves...
M/s Bon Sales (P.) Ltd. vs Commissioner of Income Tax | Section 68 Income Tax Act – Burden of Proof for Foreign Remittances and Genuineness of Transactions | Delhi High Court
Facts of the CaseThe assessee company, M/s Bon Sales (P.) Ltd., was
engaged in the manufacturing business of cotton buds and cotton balls and
subsequently entered into consultancy services in real estate development.
...
Canon India Pvt. Ltd. & Anr. v. Assistant Commissioner of Income Tax: Validity of Reassessment Under Section 147/148 Based on Foreign Tax Information and Post-Notice Revenue Reconciliation
Facts of the Case
Return
Filing: The petitioner filed its return of income
for the Assessment Year (AY) 2006-07 on November 28, 2006, declaring
"nil" income under normal provisions and ₹3,15,36,278 ...
M/s Hotel Shiv vs Commissioner of Income Tax-VIII, New Delhi – Whether Conversion Charges Paid for Residential Property Converted to Commercial Use are Revenue Expenditure Deductible under Section 37 of the Income Tax Act, 1961
Facts of the CaseThe petitioner, M/s Hotel Shiv, was a partnership firm engaged
in running a guest house business. The firm operated from the first and second
floors of a building situated at Green Park Extension, New ...
Canon India Pvt. Ltd. & Anr. v. Assistant Commissioner of Income Tax: Reassessment Quashed Post 4 Years in Absence of Failure to Disclose Material Facts Under Section 147
FACTS OF THE CASE
Assessee's
Return and Scrutiny: The Petitioner, Canon India Pvt. Ltd.,
originally filed its Return of Income for Assessment Year (AY) 2003-04 on
December 2, 2003, declaring a l...
BBC World News Limited vs Assistant Director of Income Tax Circle 1(1): Reopening of Assessment under Sections 147 & 148 Invalid Due to Change of Opinion and Full Disclosure of Material Facts | Delhi High Court
Facts of the Case
BBC
World News Limited, incorporated in the United Kingdom, operated BBC World
Channel.
BBC
Worldwide (India) Pvt. Ltd. acted as an Indian agent for airtime sales and
market...
Canon India Pvt. Ltd. & Anr. vs. Assistant Commissioner of Income Tax: Is Reassessment Valid Under Section 147 Based on a Mere Change of Opinion?
Facts of the Case
Assessee
Return Filing: For the Assessment Year (AY) 2004-05, the
petitioner filed its original income tax return on October 30, 2004.
Scrutiny
and Assessment: The return wa...
Commissioner of Income Tax-II v. M/s Maruti Suzuki India Ltd. & Commissioner of Income Tax-I v. Income Tax Appellate Tribunal (ITAT) & Bose Corporation India Pvt. Ltd. – Extension of ITAT Stay Beyond 365 Days under Section 254(2A) of the Income Tax Act, 1961 | Delhi High Court
Facts of the Case
The
Revenue challenged ITAT orders granting extension of stay of tax demand
recovery beyond 365 days in favour of:
M/s
Maruti Suzuki India Ltd.
Bose
Corporation In...
Replika Press Private Limited & Anr. Vs. Deputy Commissioner of Income Tax, validity of Reassessment Under Section 147 Based on Change of Opinion and Eligibility of Book Printing Under Section 10B
Facts of the Case
The
petitioner, Replika Press Private Limited, operates a 100% export-oriented
undertaking engaged in printing, typesetting, and binding customized
textbooks based on manuscripts rec...