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Commissioner of Income Tax v. Blue Bird Group Assessees (ITA Nos. 81, 85, 158, 283, 523 & 1307 of 2009) – Block Assessment Additions on Alleged Bogus Gifts Cannot Survive Without Incriminating Material Found During Search
Facts of the CaseA search and seizure operation was conducted at the
residential and business premises of the Blue Bird Group of Companies, to which
the assessees belonged. Pursuant to the search operation, notices for...
Multiplex Trading & Industrial Co. Ltd. Vs Income Tax Officer: Delhi High Court Ruling on ITAT's Power of Enhancement and De Novo Remand Under Section 260A of Income Tax Act, 1961
Facts of the Case
During
the year 1999, the appellant was appointed as a handling agent by the
Gujarat Electricity Board (GEB) to settle quality claims with South
Eastern Coal Fields Ltd. (SECFL) on a...
Director of Income Tax vs. Raghuvanshi Charitable Trust & Others: Landmark Delhi High Court Ruling on Carry Forward and Set-Off of Deficit by Charitable Trusts under Section 11 of the Income Tax Act
Facts of the Case
The
Director of Income Tax and Director of Income Tax (Exemption) filed
multiple appeals before the Delhi High Court against several entities,
including Raghuvanshi Charitable Trust,...
Director of Income Tax vs Management Development Institute: Complete Legal Analysis on Carry Forward and Set-Off of Deficit by Charitable Trusts Under Section 11 of the Income Tax Act
Facts of the Case
The
Director of Income Tax (Revenue) filed appeals before the High Court of
Delhi against the orders passed by the Income Tax Appellate Tribunal
(ITAT).
The
ITAT had previou...
Commissioner of Income Tax v. Naveen Gera [2010] 2010:DHC:4061-DB (Delhi High Court)
Facts of the
Case
The respondent-assessee, Mr. Naveen Gera, invested in two plots of
agricultural land in December 1996.
The properties were purchased in the name of his father, Mr. L.D.
Gera, for a tota...
Commissioner of Income Tax v. Blue Bird Group Assessees | Delhi High Court | Block Assessment Additions on Allegedly Bogus Gifts Cannot Survive Without Incriminating Material Found During Search | Sections 158BC, 158BB & 254(2) of the Income-tax Act
Facts of the
Case
A search and seizure operation was conducted at the premises of the
Blue Bird Group of Companies.
Following the search, notices for block assessment were issued to
the assessees.
The ...
Commissioner of Income Tax vs. Glaxo Smith Kline Asia P. Ltd.: Comprehensive Delhi High Court Ruling on Section 37 Deductions, Administrative Expenses Allocation, and the Principle of Revenue Neutrality
Facts of the Case
The
dispute pertains to the Assessment Year 1997-98, specifically covering the
three-month period from January 1, 1997, to March 31, 1997.
The
assessee claimed a deduction for adm...
Commissioner of Income Tax v. Blue Bird Group Assessees | Delhi High Court | Block Assessment Additions on Alleged Bogus Gifts Cannot Survive Without Incriminating Material Found During Search | Sections 158BC & 254(2) of the Income Tax Act
Facts of the Case
A search and seizure operation was conducted at the residential and
business premises of the Blue Bird Group of Companies.
Consequent to the search, notices for block assessment were issued
...
Director of Income Tax (Exemption) vs. The Hunger Project & Ors.: Landmark Delhi High Court Ruling on the Carry Forward and Set-Off of Past Deficits as Valid Application of Income for Charitable Trusts Under Section 11(1)(a) of the Income Tax Act, 1961
Facts of the Case
The
Revenue filed multiple appeals (including ITA No. 25 of 2009 against The
Hunger Project, and ITA No. 1075 of 2008 against Raghuvanshi
Charitable Trust) before the High Court of D...
Director of Income Tax (Exemption) V/s Management Development Institute (With Connected Appeals): On Whether a Charitable Trust Can Carry Forward Current-Year Deficit and Set It Off Against Subsequent Years' Income as Valid Application of Income Under Section 11(1)(a) of the Income Tax Act, 1961 Based on Commercial Accounting Principles
Facts of the CaseThe Revenue (Appellant) filed a series of appeals—including Director
of Income Tax v. Management Development Institute (ITA No. 930 of 2009
& ITA No. 589 of 2008), Director of Income Tax v. Raghu...