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Commissioner of Income Tax (Exemption) vs Fashion Design Council of India (Delhi High Court) – Section 11(2) Income Tax Act | Validity of Accumulation of Income by Charitable Trust and Claim of Depreciation on Application of Income
Facts of the CaseThe assessee, Fashion Design Council of India, claimed
exemption under Sections 11 and 12 of the Income-tax Act as a charitable
institution. During the relevant assessment year, the assessee had:
Cla...
Principal Commissioner of Income Tax–7 vs M/s Oriental Building & Furnishing Co. Ltd. | Delhi High Court on Annual Letting Value (ALV), Fair Rental Value & Rule of Consistency under the Income Tax Act
Facts of the CaseThe Revenue filed multiple appeals before the Delhi High Court
challenging the common order passed by the Income Tax Appellate Tribunal (ITAT)
dated 5 September 2016 for Assessment Years 2004–05 to 2...
Principal Commissioner of Income Tax–7 vs M/s Oriental Building & Furnishing Co. Ltd. | Annual Letting Value (ALV) under Income Tax Act – Fair Rental Value vs Consistency Principle | Delhi High Court
Facts of the
CaseThe Revenue filed multiple appeals against a common
order passed by the Income Tax Appellate Tribunal (ITAT) for Assessment Years
2004-05 to 2009-10. The controversy arose regarding the computation of...
Principal Commissioner of Income Tax–7 vs M/s Oriental Building & Furnishing Co. Ltd. | Delhi High Court on Annual Letting Value (ALV), Fair Rental Value & Rule of Consistency under Income Tax Act
Facts of the
CaseThe Revenue preferred multiple appeals before the
Delhi High Court challenging the common order passed by the Income Tax
Appellate Tribunal (ITAT) concerning Assessment Years 2004–05 to 2009–10. T...
Principal Commissioner of Income Tax–7 vs M/s Oriental Building & Furnishing Co. Ltd. | Section 22, Section 23 & Section 260A of the Income-tax Act | Annual Letting Value (ALV), Fair Rental Value & Rule of Consistency | Delhi High Court Case Law
Facts of the
CaseThe Revenue filed multiple appeals before the Delhi
High Court challenging the common order passed by the Income Tax Appellate
Tribunal (ITAT) relating to Assessment Years 2004–05 to 2009–10.The c...
Principal Commissioner of Income Tax-7 vs M/s Oriental Building & Furnishing Co. Ltd. | Section 22, Section 23 & Section 260A of the Income Tax Act | Annual Letting Value (ALV), Fair Rental Value & Rule of Consistency
Facts of the
CaseThe Revenue filed multiple appeals before the Delhi
High Court challenging the common order passed by the Income Tax Appellate
Tribunal (ITAT) for Assessment Years 2004-05 to 2009-10.The assessee had ...
Principal Commissioner of Income Tax–7 vs M/s Oriental Building & Furnishing Co. Ltd. | Section 23 read with Section 22 & Section 260A of the Income Tax Act | Annual Letting Value (ALV), Fair Rental Value and Rule of Consistency | Delhi High Court
Facts of the
CaseThe Revenue filed multiple appeals before the Delhi
High Court challenging the common order passed by the Income Tax Appellate
Tribunal (ITAT) relating to Assessment Years 2004–05 to 2009–10.The d...
Principal Commissioner of Income Tax (Central)-1 vs Surya Kant Jaipuria & Ors. | Delhi High Court | Addition on Alleged Unaccounted Share Purchase, Section 132(4) Statement & Unexplained Cash Payment
Facts of the
CaseThe Revenue filed multiple appeals against a common
order of the Income Tax Appellate Tribunal for Assessment Year 2011–12.The dispute primarily arose from the Assessing
Officer’s conclusion that ...
Principal Commissioner of Income Tax (Central)-1 vs Shreepriya Jaipuria & Ors. – Delhi High Court Upholds ITAT Deletion of Additions on Alleged Unaccounted Share Purchase, Annexure A-9 Seizure & Family Settlement Transactions (AY 2011-12)
Facts of the Case
The Revenue filed multiple appeals challenging the common ITAT
order for AY 2011-12.
The dispute primarily concerned additions made on account of
alleged unaccounted purchase of shares ...
Avtec Limited Vs. Deputy Commissioner of Income Tax | Delhi High Court Quashes Reassessment under Sections 147/148 for Absence of Tangible Material and Mere Change of Opinion
Facts of the
CaseThe petitioner, Avtec Limited, engaged in the
business of manufacturing and sale of automobiles and transmission systems,
entered into a Business Transfer Agreement with Hindustan Motors Ltd. for
acq...