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Principal Commissioner of Income Tax–3 vs Decent Financial Services Pvt. Ltd. (Delhi High Court) – Section 14A & Rule 8D Disallowance Cannot Be Applied Without Recording Satisfaction
Facts of the
CaseThe assessee, engaged in the business of trading in
shares and securities, filed its return declaring a loss of ₹4.86 crore. During
scrutiny, the Assessing Officer (AO) observed that the assessee ha...
Dr. B.L. Kapur Memorial Hospital vs Commissioner of Income Tax (TDS), Delhi & Ors. | Delhi High Court | Section 201(1), 201(1A) Income Tax Act | Stay of Demand & 20% Deposit Not Mandatory
Facts of the
CaseThe petitioner filed writ petitions challenging
orders dated 06 September 2022 and 07 November 2022 whereby the tax authorities
rejected its stay applications and directed payment of 20% of the total ...
Vayoo Nandan Finance Company Pvt. Ltd. vs Income Tax Officer, Ward 26(1), Delhi – Delhi High Court Sets Aside Reassessment Proceedings for Violation of Section 148A Procedure (AY 2018–19)
Facts of the
CaseThe present writ petition was filed by the
petitioner challenging the validity of reassessment proceedings initiated under
the Income Tax Act, 1961 for Assessment Year 2018–2019. The challenge was
...
Dr. B.L. Kapur Memorial Hospital vs Commissioner of Income Tax (TDS) Delhi-1 & Ors. – Stay of Demand under Section 201(1) | Delhi High Court
Facts of the
Case
The petitioner hospital was treated as an “assessee-in-default”
under Sections 201(1) and 201(1A) for short deduction of TDS for AY
2013–14 and 2014–15.
Total tax demand exceed...
MUFG Bank Ltd. vs Commissioner of Income Tax-2 & Anr. (2022) – Settlement of Appeals under Vivad Se Vishwas Act Not Mandatory for Entire Assessment Year
Facts of the
CaseThe petitioner, MUFG Bank Ltd., a foreign banking
company operating in India, was subjected to assessment proceedings for AY
2007–08 under Sections 143 read with 144C of the Income Tax Act. Various
...
Sunil Malik vs Assistant Commissioner of Income Tax Circle 49(1), Delhi & Ors. (2023) – Reassessment under Section 148A Set Aside for Lack of Material Disclosure | Delhi High Court
Facts of the
CaseThe petitioner, Sunil Malik, challenged
reassessment proceedings initiated by the Income Tax Department for Assessment
Year 2015–16. The proceedings arose from allegations that the petitioner was
e...
Usha Rani Girdhar vs Income Tax Officer Ward 36(1), Delhi & Ors. (2022) – Reassessment Notice u/s 148 & 148A Quashed Due to Contradictory Grounds and Lack of Proper Allegation
Facts of the
CaseThe petitioner challenged multiple reassessment
proceedings initiated by the Income Tax Department for Assessment Year
2017–18, including:
Notice under Section 148 dated 25 June 2021
Notice und...
PR. Commissioner of Income Tax-7 vs PEC Ltd. & RITES Ltd. | CSR Expenditure Allowability under Section 37 of Income Tax Act (Delhi High Court)
Facts of the
Case
The respondents/assessees (PEC Ltd. and RITES Ltd.) incurred CSR
expenditure during Assessment Years 2013-14 and 2014-15.
The Assessing Officer disallowed the CSR expenses claimed as
d...
PR. Commissioner of Income Tax–7 vs PEC Ltd. & RITES Ltd. | CSR Expenditure Allowable u/s 37 Prior to AY 2015-16 | Delhi High Court
Facts of the CaseThe
respondents/assessees, namely PEC Ltd. and RITES Ltd., claimed deduction of
expenditure incurred towards Corporate Social Responsibility (CSR) under
Section 37(1) of the Income Tax Act for Assessm...
PR. Commissioner of Income Tax–7 vs PEC Ltd. & RITES Ltd. | CSR Expenditure Deduction under Section 37(1) Allowed for Pre-2015 Years (Delhi High Court)
Facts of the
Case
The appeals were filed by the Revenue against orders of the Income
Tax Appellate Tribunal.
The respondents (PEC Ltd. and RITES Ltd.) claimed deduction of CSR
expenditure for AY 2013–...