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Commissioner of Income Tax v. Goram Westerberg (and Connected Matters including ITA No. 370/2011)
FACTS OF THE CASE
The
Revenue filed a series of connected income tax appeals against various
individual assessees. Among these connected matters was ITA No. 370/2011,
preferred by the Commission...
Rasalika Trading and Investment Co. Pvt. Ltd. vs Deputy Commissioner of Income Tax & Anr. | Reassessment under Sections 147/148 of Income Tax Act on Stale Investigation Material and Change of Opinion – Delhi High Court (2014)
Facts of the Case
The
petitioner-company was carrying on investment and securities business
activities.
During
Assessment Year 2005–06, the petitioner raised additional capital and
issued s...
Anand Kumar vs Commissioner of Income Tax-VIII, New Delhi & Another – Taxability of Interest on FDRs Pledged for Export Credit Facilities under Sections 56, 80HHC, 143(3) and 260A of the Income Tax Act, 1961
Facts of the Case
The
assessee, Anand Kumar, filed his return of income for Assessment Year
1998-99 declaring total income of ₹7,66,512.
The
assessee claimed that interest earned on FDRs pl...
Commissioner of Income Tax XVI vs. Sh. Sashi Mukundan: Landmark Delhi HC Judgment on Expatriate Taxation & Perquisites Under Section 17
Facts of the Case
The
appellant in this batch of appeals is the Revenue (The Commissioner of
Income Tax).
The
respondents are various individual assessees/expatriate employees working
in Indi...
The Commissioner of Income Tax XVI vs. Sh. Sashi Mukundan (2013): Delhi High Court Ruling on Expatriate Salary Taxation and Perquisites under the Income Tax Act, 1961
Facts of the CaseThe Income Tax Department (represented by various
Commissioners of Income Tax) filed a series of Income Tax Appeals (including
ITA No. 379/2007, ITA No. 387/2008, ITA No. 212/2009, and others) ag...
Vishal Kumar vs Commissioner of Income Tax & Anr.: Delhi High Court Upholds Transfer of Income Tax Jurisdiction under Section 127 for Coordinated Investigation
Facts of the CaseThe petitioner, Vishal Kumar, was serving as Managing Director
of Xander Advisors India Pvt. Ltd. The company was involved in advisory
services through a chain of entities associated with foreign inves...
M/s Bon Sales (P.) Ltd. vs Commissioner of Income Tax | Section 68 Income Tax Act – Burden of Proof for Foreign Remittances and Genuineness of Transactions | Delhi High Court
Facts of the CaseThe assessee company, M/s Bon Sales (P.) Ltd., was
engaged in the manufacturing business of cotton buds and cotton balls and
subsequently entered into consultancy services in real estate development.
...
Canon India Pvt. Ltd. & Anr. v. Assistant Commissioner of Income Tax: Validity of Reassessment Under Section 147/148 Based on Foreign Tax Information and Post-Notice Revenue Reconciliation
Facts of the Case
Return
Filing: The petitioner filed its return of income
for the Assessment Year (AY) 2006-07 on November 28, 2006, declaring
"nil" income under normal provisions and ₹3,15,36,278 ...
M/s Hotel Shiv vs Commissioner of Income Tax-VIII, New Delhi – Whether Conversion Charges Paid for Residential Property Converted to Commercial Use are Revenue Expenditure Deductible under Section 37 of the Income Tax Act, 1961
Facts of the CaseThe petitioner, M/s Hotel Shiv, was a partnership firm engaged
in running a guest house business. The firm operated from the first and second
floors of a building situated at Green Park Extension, New ...
Canon India Pvt. Ltd. & Anr. v. Assistant Commissioner of Income Tax: Reassessment Quashed Post 4 Years in Absence of Failure to Disclose Material Facts Under Section 147
FACTS OF THE CASE
Assessee's
Return and Scrutiny: The Petitioner, Canon India Pvt. Ltd.,
originally filed its Return of Income for Assessment Year (AY) 2003-04 on
December 2, 2003, declaring a l...