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Oracle Systems Corporation vs Assistant Director of Income Tax, Circle 2(1), International Taxation, New Delhi (Delhi High Court) | Reopening of Assessment under Sections 147/148 on Mere Change of Opinion Not Sustainable
Facts of the CaseThe petitioner,
Oracle Systems Corporation, a company incorporated in the United States, was
engaged in the business of software supply and replication. For Assessment
Years 2002-03 and 2003-04, the A...
PHD Chamber of Commerce & Industry vs. Director of Income Tax-Exemptions – Applicability of Section 11(4A) and Charitable Exemption
Facts of the Case:
The appeals pertain to assessment years 2006-07 and 2007-08. The appellant, PHD
Chamber of Commerce & Industry, established in 1909, was registered
under Section 12A of the Income Tax Act, 1961,...
Turner Broadcasting Systems Asia Pacific Inc. vs Deputy Director of Income Tax (Delhi High Court) | Reassessment under Sections 147/148 Quashed on Ground of Change of Opinion
Facts of the
CaseThe petitioner, Turner Broadcasting Systems Asia
Pacific Inc., was engaged in granting exclusive rights to Turner International
India Pvt. Ltd. for advertisement sales and distribution of television a...
Shumana Sen Vs Commissioner of Income Tax XIV & Ors – Delhi High Court, Section 148/147 Reassessment Proceedings
Facts of the
Case
The petitioner, Shumana Sen, an officer of the Indian
Revenue Service (IRS) 1987 batch, challenged the reassessment proceedings
initiated under Section 148 of the Income Tax Act, 1961 for...
PHD Chamber of Commerce & Industry vs. Director of Income Tax – Applicability of Section 11(4A) on Charitable Status of Trade Associations
Facts of the Case:
The appeals relate to assessment years 2006-07 and 2007-08 filed by PHD
Chamber of Commerce & Industry, established in 1909 and incorporated in
1951. The Chamber is registered under Section 12A ...
The Commissioner of Income Tax vs RBG Investment & Finance Ltd. – Allocation of Interest Expenditure Under Section 36(1)(iii) of the Income Tax Act
Facts of the
Case:RBG Investment & Finance Ltd. (the assessee)
engaged in finance and investment activities, earned income both from share
dealing and loans/advances. The Assessing Officer (AO) bifurcated interest...
Director of Income Tax vs Maharaj Education Trust – Legality of Cash Payment under Section 271E & 269T
Facts of the
Case:The assesse, Maharaj Education Trust, was
faced with adverse orders from the Debt Recovery Tribunal (DRT) and needed to
satisfy a decree. The Trustee, Dr. P. Mahalingam, arranged funds from Ayush
Co...
Commissioner of Income Tax vs M/s Ansal Housing Finance and Leasing Co. Ltd & Others: Taxability of Unsold Flats, Depreciation, and Section 32AB Deductions – Delhi High Court, 2012
Facts of the
CaseThe appeals involved multiple cases (ITA 18/1999,
56/2001, 57/2001, 105/2001, 107/2001, 109/2001, 114/2001, 177/2001, 88/2002,
111/2003, 321/2003, 498/2003, 227/2004, 336/2004, 529/2004, 690/200...
Commissioner of Income Tax vs. M/s Ansal Properties & Industries Ltd. – Delhi High Court (2012) in ITA 56/2001, 57/2001, 105/2001, 107/2001, 109/2001, 114/2001, 177/2001, 88/2002, 111/2003, 321/2003, 498/2003, 227/2004, 336/2004, 529/2004, 690/2004, 212/2005
Facts of the
Case:
The Commissioner of Income Tax (CIT) filed multiple appeals against
orders of the Income Tax Appellate Tribunal (ITAT) relating to the
assessment years 2001–2005.
The appeals primar...
Commissioner of Income Tax vs. M/s Ansal Properties & Industries Ltd. & M/s Ansal Housing & Construction Ltd. – Delhi High Court, Sections under Income Tax Appeals
Facts of the
CaseThe present set of appeals (ITA 56, 57, 105, 107,
109, 114, 177/01; 88/02; 111, 321, 498/03; 227, 336, 529, 690/04; 212/05) were
filed by the Commissioner of Income Tax against multiple entities of th...