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Section 153C Proceedings Without AY-Specific Incriminating Material — Delhi High Court Examines Validity of Notices to “Other Person”: Ashish Agrawal v. ACIT (Central Circle-28), 2024
Facts of the CaseAshish Agrawal filed writ petitions before the
Delhi High Court challenging notices issued under Section 153C of the Income
Tax Act, 1961, pursuant to search and seizure operations conducted on a...
Post-Search Income-Tax Proceedings & Central Circle Jurisdiction — Writ Petitions Against Notices Not Maintainable: Delhi High Court in Alka Agarwal v. DCIT (Central Circle-28), 2024
Facts of the CaseAlka Agarwal filed writ petitions before the Delhi
High Court challenging income-tax proceedings initiated following search and
investigation actions conducted by the Department. Consequent to th...
Search-Based Assessments & Central Circle Jurisdiction — Writ Petitions Challenging Income-Tax Proceedings Dismissed: Delhi High Court in Alka Agarwal v. DCIT (Central Circle-28), 2024
Facts of the
CaseAlka Agarwal filed writ petitions before the Delhi
High Court challenging income-tax proceedings initiated following search and
investigation actions conducted by the Department. Consequent to the sea...
Validity of Central Circle Proceedings After Search — Writ Challenges to Income-Tax Notices Rejected: Delhi High Court in Alankit Insurance TPA Ltd. v. DCIT (Central Circle-28), 2024
Facts of the
CaseAlankit Insurance TPA Limited filed a writ petition
before the Delhi High Court challenging income-tax proceedings initiated
pursuant to search and investigation actions conducted by the Department.
...
Income-Tax Proceedings After Search — Challenge to Central Circle Jurisdiction and Notices Dismissed: Delhi High Court in Alankit Insurance Brokers Ltd. v. DCIT (Central Circle-28), 2024
Facts of the CaseAlankit Insurance Brokers Limited was among
numerous petitioners who approached the Delhi High Court through writ petitions
challenging income-tax proceedings initiated pursuant to search and
in...
Post-Search Assessments & Central Circle Jurisdiction — Challenge to Income-Tax Proceedings Rejected: Delhi High Court in Alankit Insurance Brokers Ltd. v. DCIT (Central Circle-28), 2024
Facts of the
CaseAlankit Insurance Brokers Limited, along with
several group entities and individuals, filed writ petitions before the Delhi
High Court challenging income-tax proceedings initiated pursuant to search a...
Validity of Central Circle Proceedings After Search — Reassessment Notices and Jurisdiction Upheld: Delhi High Court in Alankit Forex India Ltd. v. DCIT (Central Circle-28), 2024
Facts of the CaseAlankit Forex India Limited, along with numerous
connected entities and individuals, filed writ petitions before the Delhi High
Court challenging income-tax proceedings initiated following search...
Reopening & Central Circle Proceedings After Search — Validity of Notices and Jurisdiction Upheld: Delhi High Court in Alankit Finsec Ltd. v. DCIT (Central Circle-28), 2024
Facts of the CaseThe petitions, including that of Alankit Finsec
Limited, arose from income-tax proceedings initiated following search and
investigation actions, after which jurisdiction over the petitioners was
trans...
Section 56(2)(viib) Valuation Dispute — AO Cannot Substitute Assessee’s Chosen DCF Method with NAV Method: Delhi High Court in Agra Portfolio Pvt. Ltd. v. PCIT (2024)
Facts of the CaseThe assessee, Agra Portfolio Pvt. Ltd., allotted
3,15,000 equity shares of face value ₹10 each at a premium of ₹40 per share
during AY 2014-15, aggregating ₹1,26,00,000. For determining Fair Mark...
Delhi High Court Curtails Search-Based Reassessments Without Statutory Compliance — INDO GREENFUEL PVT. LTD. v. ACIT (Central Circle-28), Delhi & Ors., ITA 52/2024 & Connected Matters (03 April 2024)
Facts of the CaseThe writ petitions filed by Indo Greenfuel Pvt. Ltd. formed
part of a large batch of appeals and writ petitions adjudicated together by the
Delhi High Court in ITA 52/2024 and connected matters arising...