Blog Categories
Subscribe to Newsletter
Join our subscribers list to get the latest Tax Updates and Opportunities.
Section 148 Notice Quashed Where Alleged Escapement Below ₹50 Lakh and Income Already Disclosed; Limitation under Section 149 Not Satisfied: Ankit Khandelwal vs. ITO (Delhi HC)
Facts of the
CaseThe petitioner, Ankit Khandelwal, a resident
individual, filed his return of income for Assessment Year 2014-15 declaring
total income of ₹9,43,944 arising from short-term capital gains on sale of
...
Refund Must Be Granted Where Assessment Is Set Aside and Demand Extinguished; Coercive Recovery and Bank Attachment Directed to Be Vacated – Alim Ahmad vs. ITO (Delhi High Court)
Facts of the
CaseThe petitioner, Alim Ahmad, filed his return of
income for Assessment Year 2020–21 on 14.01.2021 declaring income of
₹4,07,720/-. The return was selected for scrutiny and notices under Sections
1...
Condonation of 12-Day Delay in Filing ITR Wrongly Rejected Despite COVID Hardship: Mechanical Order under Section 119(2)(b) Set Aside – Udit Goyal vs. PCIT (Delhi High Court)
Facts of the CaseThe petitioner, Udit Goyal, filed his Income Tax
Return for Assessment Year 2021–22 on 12.01.2022 under Section 139(4) of the
Income-tax Act, 1961, declaring total income of ₹11,40,040 and claiming...
Reassessment Notice for AY 2015–16 Quashed as Time-Barred; TOLA Inapplicable Post Rajeev Bansal – Bhagwan Sahai Sharma vs. DCIT (Delhi HC)
Facts of the
CaseThe petitioner, Bhagwan Sahai Sharma, filed a writ
petition challenging the notice dated 30.07.2022 issued under Section 148 of
the Income-tax Act, 1961, the order dated 30.07.2022 passed under Sectio...
Depreciation on Block of Assets and AMP Adjustment Issues Covered by Binding Sony India Precedents: Revenue Appeal Dismissed – PCIT-7 vs. Sony India Pvt. Ltd. (Delhi High Court)
Facts of the CaseThe Revenue filed an appeal under Section 260A of
the Income-tax Act, 1961 challenging the order dated 30.08.2024 passed by the
Income Tax Appellate Tribunal for Assessment Year 2010–11. The Tribunal...
Reassessment Proceedings for AY 2013–14 Held Time-Barred; Section 153(6) Inapplicable Where No Court Direction – Ameeta Goyal vs. Assessment Unit (Delhi HC)
Facts of the
CaseThe petitioner, Ameeta Goyal, filed a writ petition
challenging the continuation of reassessment proceedings for Assessment Year
2013–14 initiated pursuant to notice dated 20.03.2019 issued under Se...
Advance Pricing Agreement Though Not Applicable Has Persuasive Value Where FAR Unchanged: Transfer Pricing Adjustment Deleted – PCIT-1 vs. FIS Global Business Solutions India Pvt. Ltd. (Delhi High Court)
Facts of the CaseThe Revenue filed an appeal under Section 260A of
the Income-tax Act, 1961 challenging the order dated 18.06.2020 passed by the
Income Tax Appellate Tribunal relating to Assessment Year 2010-11. The Tr...
Assessment under Section 144C Void for Non-Eligible Assessee; Issues on PE Attribution Already Settled by Supreme Court: Revenue Appeal Closed as Academic – CIT (IT) vs. Travelport LP (Delhi High Court)
Facts
of the CaseThe
Revenue filed an appeal under Section 260A of the Income-tax Act, 1961
challenging the order dated 09.02.2023 passed by the Income Tax Appellate
Tribunal for Assessment Year 2011–12. The assess...
Reassessment Notices Sustained Where JAO and FAO Have Concurrent Jurisdiction and Limitation Properly Extended under Section 149 Provisos – Surender Kumar Wadhwa vs. PCIT-18 (Delhi High Court)
Facts of the CaseThe petitioner, Surender Kumar Wadhwa, filed a
writ petition challenging the notice dated 26.03.2024 issued under Section
148A(b), the approval dated 09.04.2024 under Section 151, the order dated
09.0...
Reassessment Proceedings Set Aside for Non-Service of Notices on Correct Email Address: Violation of Natural Justice – Siam Stock Holdings Ltd. vs. DCIT (Delhi High Court)
Facts of the CaseThe petitioner, Siam Stock Holdings Limited, filed
a writ petition challenging the show cause notice dated 17.03.2023 issued under
Section 148A(b) of the Income-tax Act, 1961, the order dated 17.04.202...