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Deccan Digital Networks Pvt. Ltd. & Anr. vs Income Tax Officer & Ors. | Reassessment Notice u/s 148 Quashed Beyond Limitation Period under Sections 147 & 149(1)(c) of Income Tax Act | Delhi High Court
Facts of the Case
The
Assessing Officer issued notice under Section 148 dated 13.06.2013 for
Assessment Year 2006-07.
The
notice was issued after expiry of six years from the relevant assessment
...
Commissioner of Income Tax-VIII, New Delhi vs. Gulab Sundri Bapna | Taxability of Enhanced Compensation on Acquisition of Tenancy Rights under Sections 45(5), 48 & 55 of the Income Tax Act | Delhi High Court
Facts of the CaseLand measuring approximately 24.1 acres situated in Village
Arkpur was originally leased by the Government to M/s Delhi Pottery Works (P)
Ltd. under a registered lease deed dated 19 March 1924. Subsequ...
Commissioner of Income Tax, Delhi-II vs. M/s Kohinoor Impex Pvt. Ltd. – Whether Payment Made to Foreign Supplier for Delayed Payment Constitutes Interest Liable for TDS under Section 195 read with Section 40(a)(i) of the Income Tax Act | Delhi High Court
Facts of the CaseThe assessee, M/s Kohinoor Impex Pvt. Ltd., had imported
brushless motors from M/s Kashpo International Ltd., U.K. and made payment
amounting to Rs.19,94,704/-, which was claimed as expenditure. Initia...
Commissioner of Income Tax-II vs. M/s Lakshmi Sugar Mills Co. Ltd. – Section 43B & Section 145A on Unpaid Excise Duty in Closing Stock | Delhi High Court
Facts of the CaseThe respondent-assessee, M/s Lakshmi Sugar Mills Co. Ltd.,
was engaged in the business of manufacture and sale of sugar and also earned
income from house property. During Assessment Year 2008-09, the A...
Commissioner of Income Tax vs Frick India Ltd. – Delhi High Court on Long-Term Capital Gain Taxability of Surrender of Tenancy Rights under Sections 2(29B), 2(42A) & 260A of the Income Tax Act, 1961
Facts of the CaseThe assessee, Frick India Ltd., had acquired tenancy rights
in premises situated at Jeevan Vihar Building, Parliament Street, New Delhi,
under a written lease commencing from 15 March 1973 for a period...
Commissioner of Income Tax-I vs M/s Bumi Hiway (I) Pvt. Ltd. – Penalty under Section 271G Cannot Be Imposed Without Specific Findings Regarding Delay in Furnishing Transfer Pricing Documentation | Delhi High Court
Facts of the CaseThe Revenue filed an appeal before the Delhi High Court
challenging the order of the Income Tax Appellate Tribunal which had upheld the
order of the Commissioner of Income Tax (Appeals) deleting penalt...
Commissioner of Income Tax (Central)-III vs SVP Industries Ltd. – Addition to Closing Stock on Account of Excise Duty under Section 145A of the Income Tax Act, 1961 | Delhi High Court
Facts of the CaseThe respondent-assessee, SVP Industries Ltd., was engaged in
the manufacture and sale of alcohol and vanaspati and also earned rental and
interest income. During assessment proceedings for AY 2004-05, ...
M/s Lea International Limited vs Assistant Director of Income Tax | Delhi High Court | Penalty u/s 271(1)(c) Deleted Due to Bona Fide Claim of Exemption under Section 10(8A) of Income Tax Act
Facts of the Case
The
assessee, a Canadian company, was engaged in engineering consultancy and
project management services.
During
Assessment Year 2005-06, the assessee received consultancy income ...
Commissioner of Income Tax-II, New Delhi vs M/s ML Outsourcing Services Pvt. Ltd. | Section 10A Deduction on IT Enabled Human Resource Services Allowed by Delhi High Court
Facts of the CaseThe assessee, M/s ML Outsourcing Services Pvt. Ltd., filed
its return for Assessment Year 2007-08 declaring nil income and claimed
exemption under Section 10A of the Income Tax Act. The assessee ...
Commissioner of Income Tax vs. Anil Kumar Bansal & Connected Appeals – Section 260A Income Tax Act Case
Facts of the
Case:In these connected appeals, the central issue
revolves around tax assessments made by the Commissioner of Income Tax (CIT)
for the assessment years in question. The appellants (CIT) have filed appeal...