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Commissioner of Income Tax vs. Shri Shyam Sales: Establishing Identity and Genuineness of Share Capital in Block Assessment
Facts
of the CaseThe assessee company had recorded share
capital in its books, which were seized during a search conducted under Section
132. The assessments for the years 1987-88 to 1995-96 were already completed
pr...
Taxability of Interest on Compensation under Land Acquisition Act: Delhi High Court Analysis in Rohtash Kumar Bhati vs. Dy. Commr. Income Tax
Facts
of the CaseThe petitioner, Rohtash Kumar Bhati,
filed a petition challenging the tax deducted at source (TDS) by the Land
Acquisition Collector. Following the enhancement of compensation by the
Additional Distr...
Commissioner of Income Tax vs. Smt. Kanta Kumari: Delhi High Court on Valuation and Property Acquisition under Section 269-H
Facts
of the CaseThe Income Tax Department initiated
proceedings under Section 269-H of the Income Tax Act, 1961, to acquire a
property located at 7, Court Road, Delhi. The property was subject to an
agreement to sel...
Commissioner of Income Tax vs. Shri Shyam Sales | Deletion of Penalty Under Section 271(1)(c) for Bona Fide Reliance on Erroneous Bank Pass Book Entries Confirmed
Facts
of the Case·
Parties and
Assessment Year: The Revenue preferred an appeal
against the assessee, Shri Shyam Sales, concerning the Assessment Year 1992-93. · ...
M/s General Commerce Ltd. vs Commissioner of Income Tax [2003] – Delhi High Court Upholds Withdrawal of Appeal; Income Tax Appeal Dismissed as Not Pressed under Section 260A of the Income-tax Act, 1961
Facts of the CaseM/s General Commerce Ltd. had filed an appeal before the
Delhi High Court against an order relating to income tax proceedings. During
the course of hearing, learned counsel appearing for the appellant ...
M/S Sapna Tours Travels & Leasing v. The Commissioner of Income Tax: Denial of Higher Depreciation Under Section 32 on Imported Vehicles Leased to Corporate Companies vs. Direct Use for Foreign Tourists
Facts
of the CaseThe appellant, M/S Sapna Tours Travels
& Leasing, claimed higher depreciation under Section 32 of the Income-tax
Act, 1961, on imported vehicles. The Assessing Authority disallowed this claim,
wh...
Kulbhushan Arora vs. Commissioner of Income TaxAssessment Re-opening Under Section 147/148: Delhi High Court Grants Liberty to Withdraw Writ Petition and Approach CIT(A) with Condensation of Delay
Facts
of the Case·
The Petitioner, Kulbhushan Arora, filed
a writ petition under Article 226 of the Constitution of India challenging the
Assessment Order (Annexure A-...
Commissioner of Income Tax VI Vs. M/S TKJ Marketing Group Pvt. Ltd.: Effect of Subsequent Assessing Officer Orders on Remand Appeals Before High Court
Facts
of the CaseThe Revenue (Commissioner of Income
Tax VI) filed an appeal (ITA 164/2003) before the High Court of Delhi
challenging an order passed by the Income Tax Appellate Tribunal (ITAT). The
Tribunal had rem...
Commissioner of Income Tax vs. M/s Shri Shyam Sales: High Court Ruling on Block Assessment Statutory Limitation Period Under Section 158BE and Why Departmental Restraint Orders Cannot Be Equated with Fresh Search Authorizations Based on Last Executed Panchnama Record
Facts of the Case
Nature
of Appeal: The Revenue (Income Tax Department)
preferred appeals against an order passed by the Income Tax Appellate
Tribunal (ITAT), Delhi Bench, in IT (SS) No. 141/Del/97 on...
Rajesh Goyal vs Income Tax Settlement Commission – Whether Settlement Commission Can Reopen Final Settlement Order Under Section 154 of the Income-tax Act, 1961
Facts of the CaseThe petitioner, Rajesh Goyal, had approached the Income Tax
Settlement Commission by filing an application under Section 245C of the
Income-tax Act, 1961. The Settlement Commission passed a final settl...