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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:
...
PR. Commissioner of Income Tax (Central-1) vs IFFCO Ltd. – Section 14A Disallowance Not Applicable on Dividend Income under India-Oman DTAA | Delhi High Court (2022)
Facts of the
CaseThe Revenue filed an appeal challenging the order
of the Income Tax Appellate Tribunal (ITAT) for AY 2007-08. The dispute arose
regarding disallowance of expenditure under Section 14A in relation to d...
PR. Commissioner of Income Tax Bengaluru-5 vs M/s NTT Data Global Delivery Services Ltd. (Delhi High Court) – Section 10A Deduction on Interest Income
Facts of the
Case
The assessee was engaged in export business and eligible for
deduction under Section 10A.
The assessee earned interest income from fixed deposits created out
of export proceeds.
The...
Nagesh Trading Co. vs Income Tax Officer, Ward-47(1), Delhi (2022) – Reassessment Proceedings Quashed due to Invalid Invocation of Section 148A
Facts of the
CaseThe Petitioner, Nagesh Trading Co., filed a
writ petition challenging:
Show cause notice dated 02.06.2022 issued under Section
148A(b) of the Income Tax Act, 1961
Order passed under Section ...
Commissioner of Income Tax vs Somnath Buildtech Pvt. Ltd. – Allowability of Advertisement, Brokerage & Administrative Expenses as Revenue Expenditure under Section 37(1) of the Income Tax Act, 1961
Facts of the
CaseThe assessee, a real estate developer, was engaged
in construction of residential and commercial projects in Rajasthan. During the
Assessment Year 2009–10, the assessee incurred various expenses, in...
M/s AGL Logistics Private Limited vs Commissioner of Income Tax (NFAC), Delhi & Anr. | Delhi High Court on Cryptic Stay Orders & Timely Disposal of Appeal under Income Tax Law (2022)
Facts of the
CaseThe Petitioner filed a writ petition seeking directions
to the Respondents to decide:
The stay application dated 10 September 2021, and
The appeal filed on 26 August 2021 against the assessment
...
Catchy Prop-Build Private Limited vs Assistant Commissioner of Income Tax & Ors (Delhi High Court, 2022) – Invalid Reassessment Proceedings Due to Vague Notice under Section 148A(b)
Facts of the
CaseThe petitioner, Catchy Prop-Build Private Limited, filed
a writ petition challenging:
Show cause notice dated 16.03.2022 issued under Section 148A(b)
of the Income Tax Act, 1961
Order passed...