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Pr. Commissioner of Income Tax vs Micro & Small Enterprises Facilitation Council & Anr. – Jurisdiction Conflict Between Income Tax Act & MSMED Act on Special Audit Fees (Delhi High Court, 2023)
Facts of
the CaseThe Income Tax Department appointed a Chartered Accountant
firm (registered as a Micro Enterprise) as a Special Auditor under Section
142(2A) of the Income Tax Act for conducting audits of multiple en...
Manujendra Shah vs Commissioner of Income Tax-8 & Anr. – Reassessment Quashed Due to Non-Application of Mind under Sections 147/148 of Income Tax Act
Facts of the CaseThe petitioner filed his return for AY 2011–12, which was
processed under Section 143(1). Subsequently, the Assessing Officer (AO)
initiated reassessment proceedings under Section 148 alleging that i...
Manujendra Shah vs Commissioner of Income Tax-8 & Anr. – Reassessment Quashed Due to Non-Application of Mind under Sections 147/148 of Income Tax Act
Facts of the CaseThe petitioner filed his return for AY 2011–12, which was
processed under Section 143(1). Subsequently, the Assessing Officer (AO)
initiated reassessment proceedings under Section 148 alleging that i...
Principal Commissioner of Income Tax vs Micro & Small Enterprise Facilitation Council & Anr. – Delhi High Court on MSMED Act vs Income Tax Act (Section 142(2A) Special Audit Fee Dispute)
Facts of
the Case
The
Income Tax Department appointed a CA Firm (M/s SBG & Co.) as Special
Auditor under Section 142(2A).
After
completion of audits, the CA Firm raised invoices claiming subst...
CCTEB India Private Limited vs Assistant Commissioner of Income Tax (Central Circle-17) & Anr. – Delhi High Court | Stay on Tax Demand | Section 281B Income Tax Act | 20% Deposit Rule Clarified
Facts of the Case
The
petitioner faced a total tax demand of ₹56.48 crore across three
assessment years.
The
department directed payment of ₹35.42 crore pending appeal before
CIT(A).
B...
CCTEB India Private Limited vs Assistant Commissioner of Income Tax, Central Circle-17 & Anr. – Delhi High Court (AY 2019-20 to 2021-22 | Section 281B | Stay of Demand | 20% Deposit Rule)
Facts of the Case
The
petitioner, CCTEB India Private Limited, faced tax demands for AYs 2019-20,
2020-21, and 2021-22, aggregating to approximately ₹56.48 crores.
The
Principal Commissione...
S.B. Distributors & Ors. vs Income Tax Officer Ward 35(1) Delhi & Ors. – Invalid Reassessment Without Show Cause Notice | Delhi High Court
Facts of the CaseThe petitioner challenged the assessment order dated
29.05.2023 passed by the Assessing Officer under Section 147 read with Section
144 of the Income Tax Act, 1961. It was contended that the Asse...
CCTEB India Private Limited vs Assistant Commissioner of Income Tax, Central Circle-17 & Anr. (Delhi High Court, 2023) – Stay of Demand & Section 281B Attachment Relief
Facts of the CaseThe petitioner, CCTEB India Private Limited, filed writ
petitions concerning Assessment Years 2019–20, 2020–21, and 2021–22.A total demand of approximately ₹56.48 crores was raised by
the reven...
Rajnish Yadav vs Income Tax Officer Ward 62(1), Delhi – Section 148A Violation Due to Non-Supply of Material | Delhi High Court
Facts of the CaseThe petitioner, Rajnish Yadav, was alleged to have received
accommodation entries from a third party, namely Sanjay Jain, and to have made
bogus purchases amounting to ₹11,98,577. A notice date...
Standard Chartered Grindlays Bank Ltd. vs Assistant Commissioner of Income Tax (International Taxation Circle-3(1)(2)) – Section 36(1)(vii) Bad Debts Deduction Allowed | Delhi High Court
Facts of the Case
The
assessee filed its return for AY 2003–04 declaring taxable income of
₹205.74 crores.
The
Assessing Officer completed assessment under Section 143(3) determining
inco...