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JCB India Ltd. vs Deputy Commissioner of Income Tax & Anr. | Delhi High Court on Mandatory Draft Assessment Order under Section 144C in Transfer Pricing Remand Proceedings
Facts of the
CaseJCB India Ltd., a wholly owned subsidiary of JC
Bamford Excavators Ltd., UK, engaged in manufacturing earth-moving and
construction equipment, was subjected to transfer pricing adjustments in
respect...
Pr. Commissioner of Income Tax, Central-1 vs Sundeep Gupta – Delhi High Court Dismisses Revenue Appeal in Connected Income Tax Proceedings under the Income-tax Act, 1961
Facts of the
CaseThe present matter arose out of income tax
appellate proceedings where the Revenue challenged relief granted to the
assessee. The appeal was connected with ITA No. 967/2017, involving identical
factu...
Principal Commissioner of Income Tax (Central)–3 vs Dharampal Premchand Ltd | Section 153A r.w.s. 143(3) | No Addition Without Incriminating Material
Facts of the Case
The
appeals were filed by the Revenue against a common order of the ITAT for
AYs 2005–06, 2006–07, and 2007–08.
Original
assessments had already been completed under Section...
Principal Commissioner of Income Tax (Central)-2 vs Index Securities Pvt. Ltd. & Vidya Shankar Investment Pvt. Ltd. | Delhi High Court | Section 153C Read with Section 68 of Income Tax Act | Validity of Search Assessments in Absence of Incriminating Material
Facts of the CaseThe Income Tax Department conducted a search and seizure
operation under Section 132 on the Jagat Group and its related entities on 14
September 2010. During the course of the search, certain trial bal...
Pr. Commissioner of Income Tax–07 vs Power Grid Corporation of India Ltd. | Delhi High Court on Deletion of Penalty under Section 271(1)(c) for Full Disclosure and Debatable Tax Issues
Facts of the
CaseThe Revenue preferred appeals against the common
order passed by the Income Tax Appellate Tribunal (ITAT), whereby the penalty
imposed under Section 271(1)(c) was deleted.In the quantum proceedings:
...
Commissioner of Income Tax (Exemption) vs The Fertilizers Association of India | Delhi High Court | Appeal on Tax Exemption & Charitable Institution Status under Income Tax Act
Facts of the
CaseThe present appeals were preferred by the
Commissioner of Income Tax (Exemption) against The Fertilizers Association of
India before the Delhi High Court. The dispute arose in relation to tax
exempti...
Principal Commissioner of Income Tax (Central)-2 vs Index Securities Private Limited & Vidhya Shankar Investment Private Limited (Delhi High Court) — Scope of Section 153C Proceedings in Absence of Incriminating Material
Facts of the CaseThe Revenue filed a batch of appeals before the Delhi High
Court against orders of the ITAT concerning two assessees, namely Index
Securities Private Limited (ISRPL) and Vidhya Shankar Investment Priva...
Pr. Commissioner of Income Tax-07 vs Power Grid Corporation of India Ltd. | Delhi High Court Upholds Deletion of Penalty under Section 271(1)(c) on Advance Against Depreciation (AAD) and Transmission Charges Disclosure
Facts of the
CaseThe Revenue preferred appeals before the Delhi High
Court against the common order passed by the Income Tax Appellate Tribunal
(ITAT), whereby the Tribunal deleted the penalty imposed under Section
2...
Principal Commissioner of Income Tax (Central)-2 vs. Index Securities Private Limited & Vidhya Shankar Investment Private Limited | Delhi High Court on Validity of Section 153C Proceedings Without Incriminating Material
Facts of the CaseThe Income Tax Department conducted a search and seizure
operation under Section 132 on the Jagat Group and related entities on 14
September 2010. During the search, trial balances and balance sheets o...
Pr. Commissioner of Income Tax (Central-02) Vs Mera Baba Reality Associates Pvt. Ltd. | Delhi High Court on Scope of Revision under Section 263 where Assessment under Section 153A was Completed after Due Inquiry
Facts of the CaseA search and seizure operation under Section 132 was conducted
at the assessee’s premises on 14 September 2010. No incriminating material
concerning the assessee was found during this search. S...