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Delhi Bureau of Text Books vs Director of Income Tax (Exemptions) | Delhi High CourtExemption under Sections 11 & 12 cannot be denied to Text Book Publishing Society engaged in Educational Activities merely because surplus/profit is generated | Section 2(15), Section 11, Section 12A, Section 260A of Income Tax Act, 1961
Facts of the
CaseThe Appellant, Delhi Bureau of Text Books (DBTB),
is a society registered under the Societies Registration Act, 1860 and
established by the Ministry of Education and Government of NCT of Delhi for
ad...
Ashok Chawla vs Commissioner of Income Tax, New Delhi | Delhi High Court on Validity of Search & Seizure, Block Assessment and Undisclosed Income under Sections 132 & 158BC of the Income Tax Act
Facts of the CaseThe matter arose from a batch of appeals and writ
petitions relating to search and seizure proceedings conducted by the Income
Tax Department in 1995 against Ashok Chawla and associated entities.The Re...
Ashok Chawla & Connected Matters vs Commissioner of Income Tax, New Delhi | Delhi High Court | Section 132 & Section 260A of the Income Tax Act, 1961
Facts of the CaseShri Ashok Chawla, a retired Indian Army officer,
founded Centaur Helicopter Services Pvt. Ltd., engaged in helicopter trading
and dealership in India.The Revenue suspected that:
He earned substantia...
Principal Commissioner of Income Tax (Central)-2 v. M/s Nau Nidh Overseas Pvt. Ltd. — Validity of Satisfaction Note under Section 153C of Income Tax Act in Search Assessment Proceedings | Cash Seizure Belonging to Third Party | Scope of Section 132(4) Statement
Facts of the CaseThe assessee company was engaged in business auxiliary
services and commission/brokerage activities and had declared income exceeding
₹1.85 crores in its return. During search proceedings conducted a...
Principal Commissioner of Income Tax–6 vs M/s N.C. Cables Ltd. Reassessment under Sections 147/148 quashed for mechanical approval under Section 151 and
Facts of the CaseThe assessee, M/s N.C. Cables Ltd., for Assessment Year
2001–02, disclosed receipt of ₹1 crore as share application money and ₹35 lakhs
as loan advance. The original assessment was completed unde...
Delhi High Court | Principal Commissioner of Income Tax (Central)-2 vs M/s Nau Nidh Overseas Pvt. Ltd. – Validity of Proceedings under Section 153C of the Income Tax Act, 1961 on Seized Cash Belonging to Third Party
Facts of the CaseThe respondent-assessee, M/s Nau Nidh Overseas Pvt. Ltd.,
was engaged in providing business auxiliary services and earning
commission/brokerage income. It filed its return of income declaring more than...
Indus Towers Limited vs Deputy Commissioner of Income Tax & Another – Delhi High Court Quashes Reassessment for Failure to Issue Mandatory Notice under Section 143(2) | Sections 147, 148 Income Tax Act
Facts of the CaseThe petitioner, Indus Towers Limited (ITL), challenged
a reassessment notice dated 22 February 2013 issued under Section 148 of the
Income Tax Act for Assessment Year 2009–10.Originally, India Cellul...
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...