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Pawan Kumar Aggarwal vs Income Tax Officer – Delhi High Court | Addition under Section 68 for Alleged Bogus NRI Gift to Minor Daughter | Genuineness of Gift Transaction and Burden of Proof
Facts of the Case
The assessee, Mr. Pawan Kumar Aggarwal, had a minor daughter, Aushi
Aggarwal, whose income was clubbed with his income under Section 64(1A) of
the Income Tax Act.
Aushi Aggarwal invested...
The Commissioner of Income Tax-II vs Jubilant Securities Pvt. Ltd.: Disallowance under Section 14A Read with Rule 8D and Allowability of Group Service Charges
Facts of the
CaseThe assessee had paid service charges amounting to
Rs.95,84,561/- to its group concern, M/s Jubilant Enpro Pvt. Ltd., under a
Memorandum of Understanding dated 05 January 2006. The said entity provide...
Commissioner of Income Tax vs Shri Krishan Kumar & Super Cassettes Industries Ltd. – Delhi High Court on Royalty Payment for Music Rights as Revenue Expenditure under Income Tax Act
Facts of the
Case
The assessees were engaged in manufacturing and sale of blank and
pre-recorded audio cassettes and related media products.
Royalty payments and lump sum amounts were paid to producers and
...
Amway India Enterprises Pvt. Ltd. vs Income Tax Officer – Delhi High Court on Mandatory Recording of Satisfaction under Section 14A(2) Before Rule 8D Disallowance
Facts of the
CaseAmway India Enterprises Pvt. Ltd. filed its return
for Assessment Year 2008–09 and claimed certain expenditure relating to exempt
income under the provisions of Section 14A of the Income Tax Act, 19...
Director of Income Tax (Exemption) vs M/s NBIE Welfare Society, New Delhi – Validity of Accumulation under Section 11(2) of Income Tax Act through Form No.10 for Charitable Purpose | Delhi High Court
Facts of the
Case
The respondent society, claiming charitable status, filed its
return for Assessment Year 1996–97 declaring nil taxable income.
Along with its return, the assessee filed Form No.10 under Sec...
Shri Sachinder Mohan Mehta vs Assistant Commissioner of Income Tax (Delhi High Court) – Whether Expenditure on Furniture, Fixtures and Fittings Can Be Included as Cost of Acquisition for Capital Gains Computation under Sections 2(14), 48 and 260A of the Income Tax Act, 1961
Facts of the CaseThe assessee, an architect by profession, purchased
a residential floor situated at East of Kailash, New Delhi in July 1997 through
an unregistered agreement for an amount of ₹18,00,000.Subsequently,...
Lalit Bagai vs Deputy Commissioner of Income Tax Circle 38(1): Reassessment Notice Beyond Four Years Quashed – Change of Opinion and Full Disclosure under Sections 147 & 148 of the Income-tax Act, 1961
Facts of the
CaseThe petitioner challenged a notice dated 26.03.2014
issued under Section 148 seeking reopening of assessment for Assessment Year
2007–08. Since the notice was issued beyond four years from the end o...
R.K. Jain v. Chairman, Income Tax Settlement Commission & Others – Administrative Authority Cannot Nullify RTI Orders Passed Under Statutory Powers | Delhi High Court | W.P.(C) No. 2939/2014
Facts of the
CaseThe petitioner, R.K. Jain, filed an application
under the Right to Information Act, 2005 seeking information relating to
disposal and pendency of matters before the Income Tax Settlement Commission.Th...
Commissioner of Income Tax, Delhi vs. S. Pritam Singh – Addition on Undisclosed Profits from Unaccounted Sales under Sections 132 & 158BC of the Income Tax Act | Delhi High Court
Facts of the
CaseSearch and seizure proceedings under Section 132
were conducted at the residential and business premises of the assessee on
13.10.1995. During the search operation, incriminating material including ca...
Commissioner of Income Tax-XII vs. Subodh Gupta – Delhi High Court Upholds 8% Net Profit Estimation Despite Section 40A(3) Disallowance and Missing Books of Accounts under Rule 6DD(g)
Facts of the
Case
The assessee filed return of income for Assessment Year 2009–10
declaring income of Rs.35,21,970.
During scrutiny assessment, the Assessing Officer disallowed
expenditure amounting to...