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Avtec Limited vs Dy. Commissioner of Income Tax | Delhi High Court on Reassessment under Sections 147/148 of Income Tax Act and Change of Opinion Doctrine
Facts of the
Case
The petitioner, Avtec Limited, was engaged in manufacturing and
selling automobiles, power trains, and transmissions.
It entered into a Business Transfer Agreement with Hindustan Motors
...
Avtec Limited vs Dy. Commissioner of Income Tax | Delhi High Court on Reassessment under Sections 147, 148 & Depreciation on Capitalized Professional Expenses
Facts of the
CaseThe Petitioner, Avtec Limited, engaged in
manufacturing and selling automobiles and transmission systems, entered into a
Business Transfer Agreement (BTA) with Hindustan Motors Limited for acquisition...
Pr. Commissioner of Income Tax-4 vs Inter Globe Technology Quotient Pvt. Ltd. | Delhi High Court | Revenue Appeal Dismissed Following Earlier Binding Precedent under Section 260A of the Income-tax Act, 1961
Facts of the
Case
The Revenue filed three appeals before the Delhi High Court against
a common order of the Income Tax Appellate Tribunal.
The Tribunal’s order related to multiple assessment years involving...
Principal Commissioner of Income Tax-4 vs Inter Globe Technology Quotient Pvt. Ltd.Delhi High Court Dismisses Revenue Appeals Following Earlier Binding Precedent | Income Tax Appeals for AY 2007-08 to AY 2010-11 Section 260A
Facts of the
CaseThe present matter arose out of three appeals filed
by the Revenue before the Delhi High Court against a common order passed by the
Income Tax Appellate Tribunal (ITAT). The Tribunal had decided issue...
Pr. Commissioner of Income Tax-4 vs Inter Globe Technology Quotient Pvt. Ltd. | Delhi High Court Dismisses Revenue Appeals Following Earlier Binding Precedent | Section 260A Income Tax Act
Facts of the
CaseThe Revenue preferred three connected appeals
before the Delhi High Court against the common order dated 26 July 2017 passed
by the Income Tax Appellate Tribunal in relation to Assessment Years 2007-0...
Principal Commissioner of Income Tax (Central)-1 vs Surya Kant Jaipuria & Ors. | Delhi High Court on Unaccounted Share Purchase, Section 132(4) Statement & Unexplained Cash Additions under Income Tax Act
Facts of the
CaseThe Revenue preferred appeals against the common
order passed by the Income Tax Appellate Tribunal (ITAT) for Assessment Year
2011–12. The dispute arose from additions made by the Assessing Officer ...
Principal Commissioner of Income Tax (Central)-1 vs Surya Kant Jaipuria & Ors. | Delhi High Court on Unaccounted Share Purchase Additions, Section 132(4) Statements & Family Settlement Cash Transactions
Facts of the
CaseThe Revenue alleged that members of the Jaipuria
family had purchased shares of Integrated Caps Pvt. Ltd. at ₹0.01 per share and
treated the same as unaccounted share transactions.The Department rel...
Commissioner of Income Tax vs. Modiluft Ltd. | Delhi High Court on TDS Default, Burden of Proof & Applicability of Sections 201(1) and 201(1A) of the Income Tax Act, 1961
Facts of the CaseThe assessee, M/s Modiluft Ltd., was engaged
in operating scheduled airline services. Due to closure of its airline business
in 1996, several employees, including pilots, were laid off. For Assessment
...
Principal Commissioner of Income Tax (Central)-1 vs Manoj Hora (Delhi High Court) – Penalty under Section 140A(3) and Scope of Section 221(1) of the Income Tax Act, 1961
Facts of the
CaseThe Revenue preferred two appeals before the Delhi
High Court challenging the common order passed by the Income Tax Appellate
Tribunal (ITAT) in relation to Assessment Year 2009–10.The ITAT had set ...
Housing and Urban Development Corporation Ltd. Vs. Additional Commissioner of Income Tax (Delhi High Court) – Deduction on De-recognition of Interest on NPAs under Section 43D read with Rule 6EB of the Income Tax Rules, vis-à-vis NHB Guidelines
Facts of the
CaseThe assessee, Housing and Urban Development
Corporation Limited (HUDCO), a public sector undertaking engaged in housing and
urban infrastructure finance, claimed deduction of accrued interest on loans...