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RVM Education (P) Ltd. vs Assistant Commissioner of Income Tax (Delhi High Court) – AY 2016-17 | Business Income vs Rental Income | Remand to ITAT
Facts of the Case
The
appellant, RVM Education (P) Ltd., filed its return of income for
AY 2016–17 declaring a loss of ₹1,99,18,341/-.
The
Assessing Officer (AO) disallowed expenses amounting t...
Commissioner of Income Tax, Delhi vs M/s Mayank Service Ltd – Section 68 Addition on Share Capital & Share Premium | Delhi High Court Judgment
Facts of the CaseThe case pertains to Assessment Year 2000–01 where the
respondent/assessee, M/s Mayank Service Ltd, received ₹45 crores through
private placement from five investor companies towards share capital ...
Principal Commissioner of Income Tax-4 vs M/s National Fertilizers Ltd (Delhi High Court, 2023) – Delay of 498 Days Not Condoned under Section 260A of Income Tax Act
Facts of the Case
The
Revenue filed an appeal before the High Court with a delay of 498 days.
An
application for condonation of delay was filed citing procedural delays,
official hierarchy, a...
Commissioner of Income Tax vs M/s Saeed Mustafa Shervani (Delhi High Court, 2023) – Taxability of Non-Compete Fee as Capital Receipt under Sections 147/148 & 28 of Income Tax Act
Facts of the
CaseThe assessee, Mr. Saeed Mustafa Shervani, Joint
Managing Director of GISL, filed his return declaring income of ₹23,24,590 for
AY 1999–2000.Subsequently, reassessment proceedings were
initiated u...
M/s Deep and Veer Construction Co. Pvt. Ltd. vs Pr. Commissioner of Income Tax, Delhi–3 (Delhi High Court, ITA 475/2023, AY 2006–07) – Delay of 968 Days Not Condoned; No Substantial Question of Law
Facts of the Case
The
present appeal was filed by the assessee, M/s Deep and Veer
Construction Co. Pvt. Ltd., challenging the order dated 19.01.2023
passed by the Income Tax Appellate Tribunal (ITAT)....
Quickroutes International Pvt. Ltd. vs Deputy Commissioner of Income Tax, Circle INT-3(1)(1), Delhi & Anr. (Delhi High Court, 2023)
Facts of the CaseThe present writ petition concerns Assessment Year (AY)
2019–20, wherein the petitioner, Quickroutes International Pvt. Ltd.,
challenged the validity of reassessment proceedings initiated by the Inco...
PR. Commissioner of Income Tax-7 vs Oriental Bank of Commerce Ltd. (Now Merged with Punjab National Bank Ltd.) – Section 14A, 36(1)(vii) & Banking Income Taxation | Delhi High Court
Facts of the
CaseThe present appeals were filed by the Revenue
before the Delhi High Court against the order dated 04.03.2022 passed by the
Income Tax Appellate Tribunal (ITAT) concerning Assessment Years 2013-14,
20...
Ms. Shalini Mittal vs Income Tax Officer (Delhi High Court) – Reassessment Proceedings Quashed Due to Non-Application of Mind under Sections 148A & 148 of Income Tax Act, 1961
Facts of the CaseThe petitioner, Ms. Shalini Mittal, challenged reassessment proceedings
initiated for Assessment Year 2018–19. The Assessing Officer issued:
Show
Cause Notice under Section 148A(b),
Corrige...
PR. Commissioner of Income Tax-7 vs Oriental Bank of Commerce Ltd. (Now Merged with Punjab National Bank Ltd.) – Delhi High Court | Section 14A, 36(1)(vii), Banking Taxation
Facts of the
CaseThe present appeals were filed by the Revenue
against the order of the Income Tax Appellate Tribunal (ITAT) dated 04.03.2022
concerning Assessment Years 2013-14, 2014-15, and 2015-16.The Tribunal had ...
Suram Trust & Ors. vs Deputy Commissioner of Income Tax, Circle Exemption 1(1), Delhi & Ors. (Delhi High Court, 2023)
Facts of the CaseThe petitioners, being private discretionary trusts, filed
writ petitions challenging the action of the Income Tax Department mandating a
shift from ITR-2 to ITR-5 filing format from Assessment Years 2...