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Pr. Commissioner of Income Tax vs RMG Polyvinyl (I) Ltd. | Delhi High Court | Reopening of Assessment u/s 147/148 Invalid for Non-Application of Mind | AY 2004-05
Facts of the
CaseThe assessee had filed its return of income for
Assessment Year 2004-05 declaring taxable income, which was processed under
Section 143(1) of the Income Tax Act. Subsequently, the Assessing Officer
i...
Delhi High Court Dismisses Revenue Appeals as Misconceived under Section 260A of the Income Tax Act, 1961 – Cross Objections Already Dismissed by ITAT
Facts of the Case
The Revenue filed multiple appeals under Section 260A of
the Income Tax Act, 1961, challenging the order dated 13 December 2016
passed by the Income Tax Appellate Tribunal (ITAT). The dispute...
Commissioner of Income Tax vs International Tractors Ltd. | Delhi High Court on Section 80-IA Deduction, Reassessment under Sections 147/148, Revision under Section 263 & Disallowance under Section 40(a)(i) of the Income Tax Act
Facts of the CaseThe assessee, International Tractors Ltd.,
was incorporated in 1995 and engaged in manufacturing and trading agricultural
tractors and tractor components. Production commenced during Financial Year
19...
Rites Limited vs Commissioner of Income Tax, Delhi-V | Delhi High Court on Scope of Section 264 Revision for Fresh Deduction Claims under Income Tax Act, 1961
Facts of the
CaseThe petitioner, Rites Limited, a Government of
India undertaking engaged in technical consultancy services, made a provision
for wage arrears amounting to ₹2.50 crores in the financial year relevant...
Canyon Financial Services Ltd. vs Income Tax Officer (Delhi High Court) – Scope of Section 153C Income Tax Act | Whether Documents “Belong To” or Merely “Pertain To” Assessee
Facts of the
CaseThe Income Tax Department conducted a search and
seizure operation in the case of the Dalmia Group. During the search, certain
documents were recovered from the possession of Dalmia Equities Private L...
Commissioner of Income Tax vs International Tractors Ltd. | Delhi High Court | Section 80-IA Deduction for Small Scale Industrial Undertaking, Section 263 Revision & Section 40(a)(i) Disallowance
Facts of the
CaseThe assessee, International Tractors Ltd., was
incorporated in 1995 and engaged in manufacturing and trading agricultural
tractors and tractor components. The manufacturing commenced in Financial Year...
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 and Rule 6EB of the Income Tax Act
Facts of the
CaseThe appellant, Housing and Urban Development
Corporation Limited (HUDCO), a public sector undertaking engaged in providing
long-term finance for housing and urban development, filed income tax returns...
Canyon Financial Services Ltd. vs Income Tax Officer – Delhi High Court Quashes Section 153C Proceedings for Failure to Establish Ownership of Seized Documents under Income Tax Act, 1961
Facts of the
Case
A search and seizure operation under the Income Tax Act was
conducted in the Dalmia Group on 20th, 27th, and 28th January 2012.
During the search, various documents were seized from th...
Commissioner of Income Tax vs I.T.C. LimitedWhether Royalty Paid for Operating Executive Lounge at Airport Constitutes ‘Rent’ Liable for TDS under Section 194-I of the Income Tax Act, 1961 and Whether Penalty under Section 271C is Sustainable?
Facts of the
CaseThe present matter arose out of multiple appeals
filed by the Revenue under Section 260A of the Income Tax Act, 1961 against the
order of the Income Tax Appellate Tribunal (ITAT). The dispute concerne...
Canyon Financial Services Ltd. vs Income Tax Officer (Delhi High Court) – Scope of Section 153C of Income Tax Act and Validity of Satisfaction Note in Search Assessments
Facts of the CaseThe present writ petitions were filed by Canyon
Financial Services Ltd. challenging the satisfaction notes dated 13
March 2014 and 19 March 2014, through which proceedings under Section
153C of ...