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All Grow & Investment P. Ltd. vs. Commissioner of Income Tax – ITA 17/2015 | Dispute Over Interest on Inter-Corporate Deposit and Applicability of Section 145 of the Income Tax Act
Fact of case
The appellant, All Grow & Investment Pvt. Ltd. (NBFC), had advanced ₹1.4
crore to M/s. Escorts Ltd. as an inter-corporate deposit and earned interest on
it up to March 31, 1998. However, no interes...
Commissioner of Income Tax Delhi-VI & Delhi-VII vs Kavita Gupta – Reopening of Assessment under Sections 147/148 and Deletion of Additions Without Proper Correlation of Transactions | Delhi High Court
Facts of the CaseThe assessee was engaged in property-related
transactions and regularly entered into agreements for purchase of properties
by advancing amounts toward such acquisitions. Upon appreciation in the value
...
Commissioner of Income Tax vs. National Industrial Corporation Ltd. & Others: High Court Ruling on Income Tax Appeals Section 260A
Facts of the CaseThe present matter consists of a batch of Income Tax Appeals
(ITA) filed by the Commissioner of Income Tax (Central) against various
respondents, including National Industrial Corporation Ltd., Mohan
...
Commissioner of Income Tax vs. National Industrial Corporation Ltd. & Others: High Court Ruling on Income Tax Appeals Section 260A
Facts of the CaseThe present matter consists of a batch of Income Tax Appeals
(ITA) filed by the Commissioner of Income Tax (Central) against various
respondents, including National Industrial Corporation Ltd., Mohan
...
Commissioner of Income Tax (C)-II vs. M/s Micra India Pvt. Ltd.: Validity of Assessment on a Non-Existent Company Post-Amalgamation
Facts of the CaseThe original assessee, M/s Micra India Pvt. Ltd., was
assessed in its regular course of business for the assessment years 2003-04
through 2008-09. Subsequently, amalgamation proceedings were initiated ...
Commissioner of Income Tax (C)-II vs. Micra India Pvt. Ltd.: Delhi High Court Ruling on Section 153A/153C Assessments
Facts of the CaseThe present matter involves a batch of appeals (ITA 444/2013
and connected cases) filed by the Revenue against Micra India Pvt. Ltd.. The
case pertains to assessment proceedings initiated under the Inc...
Commissioner of Income Tax (Central)-II vs Micra India Pvt. Ltd. – Delhi High Court | Sections 153A & 132 | No Addition Without Incriminating Material
Facts of the CaseThe Revenue preferred appeals before the Delhi High Court
against the orders passed in favour of Micra India Pvt. Ltd. concerning
assessments framed under Section 153A of the Income-tax Act, 1961 pursu...
Commissioner of Income Tax (Central)-II vs. Micra India Pvt. Ltd. - Assessment on Non-Existent Amalgamated Company Held Invalid under Sections 153C & 143(3)
Facts of the CaseMicra India Pvt. Ltd. was assessed regularly for Assessment
Years 2003-04 to 2008-09. Subsequently, proceedings under Section 391 of the
Companies Act were initiated for amalgamation of Micra India Pvt...
Commissioner of Income Tax (C)-II vs Micra India Pvt. Ltd. – Delhi High Court Quashes Assessment Framed on Non-Existent Company after Amalgamation | Sections 153C, 143(3), 170 & 292B
Facts of the CaseThe assessee company, Micra India Pvt. Ltd., was assessed
for Assessment Years 2003-04 to 2008-09. Subsequently, proceedings for
amalgamation under Section 391 of the Companies Act were initiated, purs...
Delhi High Court – Commissioner of Income Tax (Central)-II vs Micra India Pvt. Ltd. | Section 14A & Rule 8D Disallowance – Reliance on Earlier Coordinate Bench Judgment
Facts of the CaseThe Revenue preferred multiple Income Tax Appeals against
the order passed in favour of Micra India Pvt. Ltd. The appeals involved issues
relating to disallowance under Section 14A read with Rule 8D of...