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Saheb Ram Om Prakash Marketing Pvt. Ltd. Vs. Commissioner of Income Tax & Ors. | Reassessment Order Quashed as Time-Barred under Sections 147, 148, 153(2) & 271(1)(c) of the Income Tax Act, 1961
Facts of the
CaseThe Petitioner/Assessee filed its return of income
for Assessment Year 2006–07, which was subjected to scrutiny assessment. During
the original assessment proceedings, the Assessing Officer examined...
Principal Commissioner of Income Tax (Central)-2 vs Index Securities Pvt. Ltd. & Vidya Shankar Investment Pvt. Ltd. | Delhi High Court | Scope of Section 153C Proceedings in Absence of Incriminating Material
Facts of the CaseA search and seizure operation under Section 132 of the
Income Tax Act was conducted by the Investigation Wing of the Income Tax
Department on the Jagat Group and its associated entities on 14 Septembe...
Pr. Commissioner of Income Tax–18 vs N. S. Software (Firm): Delhi High Court Reaffirms Kabul Chawla Principle on Invalid Additions in Unabated Assessments under Section 153A of the Income-tax Act
Facts of the
Case
Search and assessment proceedings were initiated against the
assessee under the provisions of the Income-tax Act.
Pursuant to such proceedings, assessments were framed for AYs
2005–0...
Pr. Commissioner of Income Tax (Central)-3 vs Dharampal Premchand Ltd. | Scope of Section 153A Assessment in Absence of Incriminating Material | Delhi High Court
Facts of the CaseThe assessee, Dharampal Premchand Ltd., had already undergone
regular scrutiny assessments under Section 143(3) for Assessment Years 2005-06,
2006-07, and 2007-08. Subsequently, a search under Section ...
Pr. Commissioner of Income Tax-18 vs N.S. Software (Firm) | Delhi High Court on Scope of Section 153A Assessments in Absence of Incriminating Material | AY 2005-06 & 2006-07
Facts of the
CaseThe Revenue, through the Principal Commissioner of
Income Tax-18, preferred appeals before the Delhi High Court against the order
passed in favour of the assessee, N.S. Software (Firm), relating to As...
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 in Absence of Incriminating Material
Facts of the CaseA search and seizure operation under Section 132 was
conducted by the Income Tax Department on the Jagat Group on 14 September 2010.
During the search, trial balances and balance sheets relating to the...
Pr. Commissioner of Income Tax (Central-02) vs Mera Baba Reality Associates Pvt. Ltd. | Scope of Revision under Section 263 where Assessment under Section 153A was completed after inquiry | Delhi High Court
Facts of the CaseThe assessee was subjected to a search and seizure operation
under Section 132 of the Income Tax Act. During the said search, no
incriminating material relating to the assessee was found. Thereafter, a...
Paradigm Geophysical Pty. Ltd. vs Commissioner of Income Tax (International Taxation)-3, New Delhi | Delhi High Court on Maintainability of Revision Petition under Section 264 vis-à-vis Sections 44BB & 44DA of the Income Tax Act, 1961
Facts of the
CaseThe petitioner, Paradigm Geophysical Pty. Ltd., a
non-resident company and tax resident of Australia, was engaged in providing
and developing software-enabled solutions for the oil and gas industry al...
Principal Commissioner of Income Tax (Central)-2 vs Index Securities Private Limited & Vidhya Shankar Investment Private Limited (Delhi High Court) – Validity of Section 153C Proceedings in Absence of Incriminating Material | Section 153C, Section 132, Section 143(3), Section 68, Income Tax Act, 1961
Facts of the CaseA search operation under Section 132 was conducted on the
Jagat Group and associated persons on 14.09.2010. During the course of the
search, certain documents including trial balances and balance sheet...
Pr. Commissioner of Income Tax–18 vs M/s N.S. Software (Firm) | Reassessment Proceedings under Sections 147/148 – Validity of Notice Beyond Four Years | Delhi High Court
Facts of the
CaseThe assessee, M/s N.S. Software (Firm), was
subjected to reassessment proceedings by the Income Tax Department on the
ground that certain income had allegedly escaped assessment. The reassessment
not...