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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

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My Tax Expert
07/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 114
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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

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My Tax Expert
07/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 113
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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

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My Tax Expert
07/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 122
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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

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My Tax Expert
07/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 140
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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

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My Tax Expert
07/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 120
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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)

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My Tax Expert
07/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 120
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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

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My Tax Expert
07/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 112
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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...

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

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My Tax Expert
07/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 125
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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

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My Tax Expert
07/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 125
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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

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My Tax Expert
06/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 154
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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...