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Shri Kanhaya Lal Sawhney (HUF) vs. Commissioner of Income Tax: Validity of Partial Partition in a Single-Coparcener Hindu Undivided Family under Section 171 of the Income Tax Act, 1961
Facts of the CaseThe case pertains to the Assessment Year 1974-75, with the
corresponding accounting year ending on March 31, 1974. The assessee, a Hindu
Undivided Family (HUF), comprised only two members: Shri Kanhaya...
Orissa Cement Ltd. vs Commissioner of Income Tax (Central) & Another – Challenge to Revision Proceedings under Section 263 of the Income-tax Act, 1961 | Delhi High Court (2002)
Facts of the CaseOrissa Cement Ltd. filed a writ petition before the
Delhi High Court seeking a writ of prohibition against the Commissioner of
Income Tax. The petitioner challenged the proceedings initiated by the
Co...
The Commissioner of Income-tax, Delhi-IV, New Delhi Versus Shri Sat Pal Khanna, Proprietor of M/s. Behari Lal Sat Pal (ITR No. 221 of 1982): Legal Validity of Peak Credit Theory and Deletion of Undisclosed Income Additions Under Section 256 of the Income Tax Act, 1961
Facts of the CaseThe assessee, operating as an individual, originally migrated
to India as a refugee from Pakistan toward the end of 1947. Upon his arrival,
he joined a partnership business under the name and style of ...
Commissioner of Income Tax, Central-I v. Brig. Kapil Mohan (2002) – Taxability of Dividend Income, HUF Ownership of Shares and Validity of Trust under Sections 64(2) & 260A of the Income-tax Act, 1961
Facts of the CaseThe Revenue filed an appeal under Section 260A of
the Income-tax Act, 1961 against the order of the Income Tax Appellate Tribunal
(ITAT), Delhi Bench-B, relating to Assessment Year 1993-94.The dispute ...
The Commissioner of Income Tax, Delhi-I v. M/s Chelmsford Club Ltd. – Wealth Tax Valuation of Leasehold Land, Fair Market Value Determination and Ownership of Acquired Land under the Wealth-tax Act
Facts of the CaseThe appeal was filed by the Commissioner of Income
Tax, Delhi-I challenging the order of the Income Tax Appellate Tribunal (ITAT)
in relation to the wealth-tax assessments of M/s Chelmsford Club Ltd.Th...
Commissioner of Income-tax, Delhi-V vs. Rohit Prakash Goyal: Scope of Section 148 Reassessment Jurisdiction on UTI Unit Sales to HUF, Permissibility of Legitimate Tax Planning vs. Colourable Device, and Parameters of Referable Question of Law under Section 256(2) of Income-tax Act, 1961
FACTS OF THE CASE
Context
and Assessment Years: The litigation arose from Income Tax
Appellate Appeals (ITAs No. 977, 978, and 979 (Del)/1997) mapped
across three consecutive assessment periods: AY 19...
Commissioner of Income Tax, Delhi v. Gold Tex Furnishing Industries (2002) – Interest under Sections 234A, 234B & 234C Cannot Be Levied Without Specific Direction in Assessment Order | Delhi High Court
Facts of the
CaseThe Revenue filed an appeal before the Delhi High
Court under Section 260A of the Income-tax Act, 1961 challenging the order of
the Income Tax Appellate Tribunal (ITAT), Delhi Bench “B”, dated 23 ...
Commissioner of Income-Tax vs. M/S. Gowar Sons Publication (Pvt.) Limited: Whether Interest on Delayed Payments Accrues Upon Default or Receipt of Debit Notes Under Section 256(1) of the Income-tax Act, 1961 – Delhi High Court Rules Revenue Deduction Allowable Based on Consistent Accounting Practice and Discretionary Interest Clauses
Facts of the Case
Business
Background and Takeover: The assessee company, M/S.
Gowar Sons Publication (Pvt.) Limited, carried on the business of printers
and publishers. Until September 30, 1972, this...
Commissioner of Income Tax–IX v. Kishan Lal (HUF) – Deletion of Interest under Sections 234A and 234B in Absence of Direction in Assessment Order | Delhi High Court
Facts of the CaseThe Revenue filed an appeal under Section 260A of
the Income-tax Act, 1961 challenging the order of the Income Tax Appellate
Tribunal (ITAT), Delhi Bench-B dated 23 August 2001. The Tribunal had delete...
Commissioner of Income Tax, Delhi v. Tek Chand (2002) – Interest Under Sections 234A & 234B Cannot Be Levied Without Specific Direction in Assessment Order | Delhi High Court
Facts of the CaseThe Revenue filed an appeal under Section 260A of
the Income-tax Act, 1961 against the order of the Income Tax Appellate Tribunal
(ITAT), Delhi Bench “B”, dated 23 August 2001.The Tribunal had dele...