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Sanjay Thapar vs Income Tax Officer, Circle 49(1) (Delhi High Court, 2022) – Invalid Reassessment Proceedings Due to Violation of Mandatory Time under Section 148A(b) of Income Tax Act
Facts of the
Case
The Petitioner challenged:
Notice dated 14.03.2022 under Section 148A(b)
Order dated 24.03.2022 under Section 148A(d)
Notice dated 25.03.2022 under Section 148 for AY 2018–19
T...
PR. Commissioner of Income Tax-7 vs Rajdarbar Heritage Venture Ltd. (2022:DHC:4088-DB) – Interest on FDR Not Taxable Until Right to Income Crystallizes under Section 5(1) of Income Tax Act
Facts of the
CaseThe present appeals were filed by the Appellant
challenging the common order dated 5th October 2020 passed by the Income Tax
Appellate Tribunal (ITAT) for Assessment Years 2012-13 and 2013-14. The Ass...
Principal Commissioner of Income Tax, Central Circle vs. M/s Delhi International Airport Pvt. Ltd. – Section 14A Disallowance Not Applicable in Absence of Exempt Income (Delhi High Court)
Facts of the
CaseThe present appeal was filed by the Revenue
challenging the order dated 31 January 2018 passed by the Income Tax Appellate
Tribunal (ITAT) for Assessment Year 2010–11. The Assessing Officer had made...
PR. Commissioner of Income Tax-7 vs Rajdarbar Heritage Venture Ltd. (2022:DHC:4089-DB) | Section 5(1) Income Tax – Taxability of Interest on FDR Pending Arbitration
Facts of the
Case
The appeals were filed by the Revenue challenging the order of the
Income Tax Appellate Tribunal (ITAT) deleting additions made by the
Assessing Officer for AY 2012-13 and 2013-14.
The...
Boutique International Pvt Ltd vs Deputy Commissioner of Income Tax Circle 4(2) Delhi (Delhi High Court, 2022) – Reassessment u/s 148 & 148A(d) Set Aside for Lack of Specific Information
Facts of the
CaseThe present writ petition was filed by the petitioner
challenging:
The order passed under Section 148A(d) of the Income Tax Act, 1961;
and
The notice issued under Section 148 dated 22 July 2...
Cargo Motors Pvt. Ltd. vs. Deputy Commissioner of Income Tax | Section 14A r.w. Rule 8D Disallowance Limited to Investments Yielding Exempt Income | Delhi High Court
Facts of the
CaseThe assessee, Cargo Motors Pvt. Ltd., earned dividend
income of ₹12,92,735 from investments in three companies—Tata Motors Ltd.,
Tata Consultancy Services Ltd., and Mundra Port. The income was dul...
Ratnagiri Gas and Power Pvt. Ltd. vs Assistant Commissioner of Income Tax Circle 19(1), Delhi & Ors. – Reopening Invalid Due to Non-Consideration of Assessee’s Reply under Sections 148 & 148A(d) of Income Tax Act
Facts of the
CaseThe petitioner, Ratnagiri Gas and Power Private
Limited, filed its income tax return for AY 2013–14 declaring losses. The case
was selected for scrutiny, and an assessment order under Section 143(3)...
PR. Commissioner of Income Tax-7 vs. Satkar Infrastructure (P) Ltd. | Delhi High Court | Section 68 Unexplained Share Capital & Premium | No Substantial Question of Law
Facts of the
CaseThe present appeal was filed by the Revenue
challenging the order dated 25th November 2021 passed by the Income Tax
Appellate Tribunal (ITAT). The dispute pertained to deletion of addition
amounting ...
Chief Commissioner of Income Tax (OSD) Central-1 vs R.J. Corp. Ltd. – No Addition under Section 153A Without Incriminating Material (Delhi High Court)
Facts of the
CaseThe present appeal was filed by the Revenue
challenging the order dated 21 January 2021 passed by the Income Tax Appellate
Tribunal (ITAT) for Assessment Year 2010–11.The ITAT had deleted additions ...
Principal Commissioner of Income Tax, Delhi-2 vs. M/s Boeing India Pvt. Ltd. (Delhi High Court) – Draft Assessment in Name of Non-Existent Entity, TP Adjustment on Receivables & Disallowance u/s 40(a)(ia) – Appeal Dismissed
Facts of the
CaseThe present appeal was filed by the Revenue
challenging the order dated 17.08.2020 passed by the Income Tax Appellate
Tribunal (ITAT) for Assessment Year 2015–16. The dispute primarily arose from:
...