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MARUTI SUZUKI INDIA LIMITED VS. DEPUTY COMMISSIONER OF INCOME TAX & ANR. — DELHI HIGH COURT WRIT PETITION CHALLENGING ITAT STAY ORDER ON PRE-DEPOSIT DEMANDS AND DOUBLE TAXATION ASSESSMENTS UNDER SECTION 43B OF THE INCOME TAX ACT, 1961
Facts of the CaseThe Petitioner, Maruti Suzuki India Limited, challenged an
order dated October 1, 2007, passed by the Income Tax Appellate Tribunal (ITAT)
in Stay No. 105/Del/2007 (arising out of ITA No. 2696/Del/2007...
Commissioner of Income Tax-V, New Delhi vs. Raghupati Leasing & Finance Ltd. | Delhi High Court Upholds 100% Depreciation on Leased Assets and Treats Lease Rental Income as Business Income
Facts of the CaseThe assessee-company, Raghupati Leasing &
Finance Ltd., filed its return of income for Assessment Year 1995-96 declaring
a loss. The assessment was completed under Section 143(3) of the Income-tax
...
Commissioner of Income Tax VS. Bharti Cellular Ltd.: Applicability of TDS Under Section 194J on Interconnect and Port Access Charges Without Human Interface
Facts of the Case
The
respondents/assessees are telecommunication companies engaged in the
business of providing cellular telephone services to their subscribers.
They set up their own equipment and n...
Commissioner of Income Tax v. Assessee – Reconsideration of Penalty under Section 271(1)(c) in Light of Retrospective Insertion of Section 271(1B) of the Income-tax Act, 1961 | Delhi High Court
Facts of the
Case
The Assessing Officer imposed penalty under Section 271(1)(c) of
the Income-tax Act, 1961.
The Income Tax Appellate Tribunal deleted the penalty.
The Tribunal relied upon the Delhi High Cou...
Dev Features Pvt. Ltd. vs Assistant Commissioner of Income Tax (Delhi High Court) – Addition of Unproved Liability of ₹18 Lakhs and Reassessment under Sections 143(1)(a) & 148 of the Income Tax Act, 1961
Facts of the
CaseThe assessee, Dev Features Pvt. Ltd., was engaged
in the business of syndication and equipment hiring.The original assessment was processed under Section
143(1)(a) of the Income Tax Act, 1961. Subsequ...
Commissioner of Income Tax v. Assessee – Reconsideration of Penalty under Section 271(1)(c) in Light of Retrospective Insertion of Section 271(1B) of the Income-tax Act, 1961 | Delhi High Court
Facts of the
Case
The Assessing Officer imposed penalty under Section 271(1)(c) of
the Income-tax Act, 1961.
The Income Tax Appellate Tribunal deleted the penalty.
The Tribunal relied upon the Delhi High Cou...
Commissioner of Income Tax vs. M/S Indian National Theatre Trust | Section 11(2) Accumulation of Income & Sourcing of Past Investments Under Income Tax Act, 1961
Facts of the Case
The
Assessee Trust was created on February 15, 1978, by the Indian National
Theatre (a society registered under the Societies Registration Act, 1860)
with the objective to promote ar...
Rajeev Tandon vs Assistant Commissioner of Income Tax (ACIT), New Delhi – Unexplained Foreign Gifts Treated as Bogus Credits under Sections 68 & 260A of the Income Tax Act, 1961 | Delhi High Court
Facts of the
CaseThe assessee, Mr. Rajeev Tandon, claimed to have
received two gifts from abroad:
Rs. 30,04,300 from Mr. P.B. Bhardwaj.
Rs. 4,61,942 from Mr. Surender Khoka.
The assessee produced documents to esta...
Commissioner of Income Tax v. Ram Commercial Enterprises Ltd. (Remand Matter Relating to Penalty under Section 271(1)(c) of the Income-tax Act, 1961) | Delhi High Court
Facts of the CaseThe Income Tax Appellate Tribunal had deleted the
penalty imposed under Section 271(1)(c) of the Income-tax Act, 1961. The
Tribunal relied upon the decision of the Delhi High Court in CIT v. Ram
Comme...
Commissioner of Income Tax, Delhi-I, New Delhi vs M/s Capital Flour Mills Pvt. Ltd. – Whether Addition Under Section 69D and Reassessment Under Section 148 Can Be Sustained on the Basis of a Photocopy Alleged Hundi Transaction | Delhi High Court
Facts of the
CaseA search and seizure operation was conducted on 15
December 1997 in the Kamal Chand Jain Group. During the search, several hundi
receipts were seized allegedly showing advances made to various persons...