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BBC World News Limited vs Assistant Director of Income Tax Circle 1(1): Reopening of Assessment under Sections 147 & 148 Invalid Due to Change of Opinion and Full Disclosure of Material Facts | Delhi High Court
Facts of the Case
BBC
World News Limited, incorporated in the United Kingdom, operated BBC World
Channel.
BBC
Worldwide (India) Pvt. Ltd. acted as an Indian agent for airtime sales and
market...
Canon India Pvt. Ltd. & Anr. vs. Assistant Commissioner of Income Tax: Is Reassessment Valid Under Section 147 Based on a Mere Change of Opinion?
Facts of the Case
Assessee
Return Filing: For the Assessment Year (AY) 2004-05, the
petitioner filed its original income tax return on October 30, 2004.
Scrutiny
and Assessment: The return wa...
Commissioner of Income Tax-II v. M/s Maruti Suzuki India Ltd. & Commissioner of Income Tax-I v. Income Tax Appellate Tribunal (ITAT) & Bose Corporation India Pvt. Ltd. – Extension of ITAT Stay Beyond 365 Days under Section 254(2A) of the Income Tax Act, 1961 | Delhi High Court
Facts of the Case
The
Revenue challenged ITAT orders granting extension of stay of tax demand
recovery beyond 365 days in favour of:
M/s
Maruti Suzuki India Ltd.
Bose
Corporation In...
Replika Press Private Limited & Anr. Vs. Deputy Commissioner of Income Tax, validity of Reassessment Under Section 147 Based on Change of Opinion and Eligibility of Book Printing Under Section 10B
Facts of the Case
The
petitioner, Replika Press Private Limited, operates a 100% export-oriented
undertaking engaged in printing, typesetting, and binding customized
textbooks based on manuscripts rec...
M/s. Usha Micro Process Controls Ltd. vs. Commissioner of Income Tax: Deductibility of Customs Redemption Fine under Section 37(1) of the Income Tax Act, 1961
Facts of the Case
Import
of Software: During the Assessment Year 1985-86, the
appellant imported hardware along with certain software.
Customs
Dispute: The appellant declared and sought to
re...
AT&T Communication Services India Pvt. Ltd. vs Commissioner of Income Tax-I & Another – Special Audit under Section 142(2A) of Income Tax Act: Validity of Direction, Complexity of Accounts and Scope of Judicial Review
Facts of the CaseThe Petitioner, AT&T Communication Services India Pvt.
Ltd., a wholly owned subsidiary of AT&T Communication Services
International Inc., USA, was engaged in market research and administrative
...
COMMISSIONER OF INCOME TAX-I vs. AIRLINE ALLIED SERVICES LTD.: Validity of Spreading Government Grants Over Lease Period Under AS-12 and Section 145 of the Income Tax Act.
Facts of the Case
The
Grant Issue: The respondent-assessee (Airline Allied
Services Ltd.) received a sanctioned grant of ₹35 crores from the Ministry
of Finance and Company Affairs aimed at im...
Sony India Pvt. Ltd. & Sony Mobile Communications (India) Pvt. Ltd. vs Additional Commissioner of Income Tax & Anr. – Delhi High Court on Illegal Garnishee Proceedings under Sections 220(3) and 226(3) of the Income Tax Act, 1961
Facts of the CaseSony Mobile Communications (India) Pvt. Ltd. and Sony India
Pvt. Ltd. were engaged in importing, marketing, selling consumer products and
providing after-sales support services in India.For Assessment ...
Kahan Udyog Vs. Commissioner of Income Tax: Scope of Additions for Unexplained Expenditure under Section 69C of the Income Tax Act, 1961
Facts of the Case
Search
Operations: On 16th November 1995, search operations
under Section 132 of the Income Tax Act, 1961, were conducted at the
business premises of Mahavir Woolen Mills, whic...
Sony Mobile Communications (India) Pvt. Ltd. & Sony India Pvt. Ltd. vs Additional Commissioner of Income Tax & Another – Attachment of Bank Accounts under Section 226(3) of Income Tax Act During Pendency of Stay Applications
Facts of the CaseSony Mobile Communications (India) Pvt. Ltd. and Sony India
Pvt. Ltd. were engaged in importing, distributing, and selling consumer
electronic products and mobile devices in India.For Assessment Year 2...