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Director of Income Tax (Exemption) v. PRADAN Property Holding Trust [2010] 2010:DHC:4041-DB (Delhi High Court)
Facts of the CaseProfessional Assistance for Development Action
(PRADAN), a charitable society registered under the Societies Registration Act,
established PRADAN Property Holding Trust through a registered Trust
Deed...
Judicial Review of Property Acquisition Under Chapter XX-A: Commissioner of Income Tax v. M/s. Green Valley Agro Mills Ltd. — High Court Affirmation That 'Reason to Believe' Cannot Rely on Theoretical Multipliers or General Perceptions Devoid of Tangible Material Under Section 269C of the Income-tax Act, 1961
Facts of the Case
Property
Transaction: The respondent, M/s. Green Valley Agro
Mills Ltd., purchased an immovable property bearing No. L-7, Green Park
Extension, New Delhi, from M/s. Shebang Private L...
Director of Income Tax (Exemptions) vs. Manav Bharti Institute of Child Education & Child Psychology (2010) – Section 11 Exemption Cannot Be Denied Unless Payments to Specified Persons Are Proven Excessive Under Section 13(1)(c) of the Income Tax Act
Facts of the
CaseThe assessee, Manav Bharti Institute of Child
Education & Child Psychology, was a charitable educational institution
claiming exemption under Section 11 of the Income Tax Act.During assessment pro...
Commissioner of Income Tax vs. Smt. Chander Kanta Dua (With Sh. Sham Sarup Dua & B.R. Towers Pvt. Ltd.) | Quashing of Property Acquisition Proceedings Under Section 269C of Income Tax Act, 1961: High Court Validates Distress Sale and Rejects Flat Valuation Differences in Exchange Transactions Absent Dual-Property Fair Market Value Assessment
Facts of the Case
The
Competent Authority initiated acquisition proceedings under Chapter XXA of
the Income-Tax Act, 1961, regarding Property No. $16/78$, Punjabi Bagh,
New Delhi.
An
acquisit...
The Commissioner of Income Tax vs. Mesco Airlines Ltd. (with CIT vs. Natasha Singh) | Deletion of Mandatory Interest Under Section 158BFA(1) During Search Assessment – Delay in Supplying Seized Documents by Department vs. Assessee’s Laches under Section 158BC
Facts of the Case
Search
Operations: Search and seizure actions under Section 132
were executed on the assessee's premises on February 26, 1997, March 5,
1997, and March 20, 1997.
Statutory
N...
Director of Income Tax vs. Help Age India (Delhi High Court) – Exemption under Sections 11 & 12 Cannot Be Denied Merely Because Charitable Trust Received Shares as Donation in Kind | Section 13(1)(d)(iii) Interpretation
Facts of the
CaseThe assessee, Help Age India, a charitable
institution, filed its return for Assessment Year 2005-06 along with the audit
report under Section 12A(b) of the Income-tax Act. During scrutiny assessment,...
Commissioner of Income Tax vs. M/s Eicher Limited: Delhi High Court Ruling on the Invalidity of Section 147/148 Reassessment Proceedings Initiated on a Mere Change of Opinion and the Non-Sustainability of Defective Secondary Grounds
Facts of the Case
The
respondent-assessee, M/s Eicher Limited, filed its return of income for
the Assessment Year 1999–2000, declaring an income under Section 115JA.
The
assessment was initially ...
Commissioner of Income Tax vs. M/s Pratap Steel Rolling Mills & Anr. | Delhi High Court | Rule 23A Delhi Sales Tax Rules – Tribunal Cannot Decide Validity of Statutory Rules
Facts of the CaseM/s Pratap Steel Rolling Mills was engaged in the
business of manufacturing and selling iron and steel products. The assessee
purchased iron scrap from registered dealers against declarations furnished...
The Commissioner of Income Tax (Central-II) v. Sudhir Thakran: Legal Validity of Consequential Assessment Orders and the Automatic Quashing of Proceedings When the Foundational Revisionary Order Under Section 263 of the Income Tax Act, 1961 is Set Aside by the High Court
Facts of the Case
A
search and seizure operation was conducted against the assessee (Sudhir
Thakran), following which a block assessment order under Section 158BC was
passed by the Assessing Officer (...
Commissioner of Income Tax-XIII vs Sierra Industrial Enterprises Pvt. Ltd. | Delhi High Court Holds Royalty Paid for Use of Nike Trademark and Technical Information as Revenue Expenditure Under Section 37 of the Income Tax Act, 1961
Facts of the CaseSierra Industrial Enterprises Pvt. Ltd. entered
into a licensing agreement with Nike International Limited for sourcing,
marketing, and selling Nike-branded footwear and apparel in India.Under the agre...