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Commissioner of Income Tax v. Shri Raj Kumar (Delhi High Court) – Trade Advances Not Taxable as Deemed Dividend under Section 2(22)(e) of the Income-tax Act, 1961
Facts of the CaseThe assessee, Shri Raj Kumar, was the proprietor of
M/s Premier Engineering Corporation engaged in manufacturing customized kitchen
equipment. He was also the Managing Director and held approxima...
Commissioner of Income Tax (TDS) vs. M/S Ikea Trading Hong Kong Ltd: Absolute Limitation on Income Tax Penalty Orders Imposed Under Section 271C Vis-à-Vis the Residuary Trajectory of Section 275(1)(c)
Facts of the Case
Assessee
Profile & Survey: The respondent/assessee is a company
incorporated in Japan with a liaison office operating in India. On
December 4, 1998, the Income Tax Department con...
Commissioner of Income Tax, Delhi-X vs. M/s Ahuja Radios: Whether Modvat Credit is Excludible from 'Total Turnover' for the Purpose of Computing Deductions Under Section 80HHC of the Income Tax Act, 1961
Facts of the Case
Context:
This is an appeal filed by the Revenue (Commissioner of Income Tax,
Delhi-X) under Section 260A of the Income Tax Act, 1961.
Assessment
Year: The case pertains directly t...
Commissioner of Income Tax-XIII v. Shri Ashish Rajpal (2009) – Scope of Revision under Section 263 of the Income Tax Act Where Adequate Enquiry Was Conducted by the Assessing Officer
Facts of the CaseThe assessee, Shri Ashish Rajpal, was engaged in
the business of construction and development of properties on a collaboration
basis with property owners.For Assessment Year 2002-03, the assessee filed...
Commissioner of Income Tax, Delhi (Central)-II vs. Capital Power Systems Limited: Validity of Search and Seizure Authorization Issued by Joint Director Under Section 132(1) of the Income-tax Act, 1961
Facts of the CaseThe Income Tax Department initiated search and seizure
operations against the respondent, Capital Power Systems Limited. The warrant
of authorization for this operation was issued by the Joint Director...
Commissioner of Income Tax-II vs. Jagson International Ltd (2008): Validity of Re-assessment Under Section 147 of the Income Tax Act, 1961 – No Re-opening of Assessment Allowed Based on Re-appraisal of Existing Material Without New Information
Facts of the Case
The
Revenue Department filed an appeal against the Income Tax Appellate
Tribunal's (ITAT) order dated March 20, 2008, in ITA No. 13/D/2003 for the
Assessment Year 1998-99.
The
...
Commissioner of Income Tax vs Assessee – Whether Assessing Officer Can Invoke Section 154 to Substitute Interest Computation Under Section 244(1A) with Section 244A After CIT(A)’s Order Attains Finality | Delhi High Court
Facts of the
Case
The CIT(A), by order dated 27.02.2006, dealt with the issue
relating to grant of interest on refund.
At that stage, the controversy was not whether Section 244A or
Section 244(1A)...
Commissioner of Income Tax-II vs. Jagson International Ltd: Validity of Income Tax Re-assessment Under Section 147 Based on Existing Records Without New Material
Facts of the CaseThe appeal was filed by the Revenue (Commissioner of Income
Tax-II) against the order dated March 20, 2008, passed by the Income Tax
Appellate Tribunal (ITAT) in ITA No. 13/D/2003 for the Assessment Ye...
The Commissioner of Income Tax, Delhi (Central)-II vs. Pawan Kumar Garg: Whether an Additional Director of Income Tax (Investigation) Possesses Statutory Jurisdiction to Issue a Warrant of Authorization for Search and Seizure Operations Under Section 132(1) of the Income Tax Act, 1961, and Its Impact on the Limitation Period for Block Assessment
Facts of the Case
Initial
Search: On May 25, 2000, a valid warrant of
authorization was issued by the Director of Income Tax (Investigation)
under Section 132(1) of the Income Tax Act, 1961, and Rule ...
Commissioner of Income Tax (Central-I) vs. M/s Lufthansa German Airlines – High Court of Delhi Case Law Summary & Analysis on Judicial Precedent and Finality of Tax Assessments under Section 260A of the Income Tax Act, 1961
Facts
of the CaseThe Income Tax Department (Revenue)
preferred statutory appeals (ITA Nos. 1058/2008 and 1109/2008) before the
Division Bench of the Hon’ble High Court of Delhi against the Assessee, M/s
Lufthansa G...