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M/s Hindustan Tin Works Ltd. vs. Commissioner of Income Tax-III | Rejection of Books of Accounts Under Section 145(2) and Remand by High Court Due to Unreasoned Deferral/Reversal by ITAT on Alleged Unaccounted Sales
Facts of the CaseThe assessee, M/s Hindustan Tin Works Ltd., approached the
Hon'ble Delhi High Court by filing an appeal under Section 260A(1) of the
Income Tax Act, 1961. This appeal challenged the validity of an orde...
Pradeep Misra & Anr. v. Commissioner of Income Tax-II & Ors. – Delhi High Court Judgment on the Absolute Finality and Binding Nature of Settlement Commission Orders Under Section 245D(4) Vis-à-Vis Independent Writ Petitions for Claiming Interest on Seized and Matured IVPs, KVPs, and FDRs Under Sections 132B(4) and 244A of the Income Tax Act, 1961
Facts of the Case
Seizure
of Assets: The Income Tax Department conducted search
and seizure operations against the petitioners, Pradeep Misra and Smt.
Gyanwati Misra, during which Indira Vikas Patras ...
Commissioner of Income Tax, Delhi vs M/s Owens Brockway India Ltd. – Penalty under Section 271C for Failure to Deduct TDS and Relief under Section 273B
Facts of the CaseThe respondent-assessee, M/s Owens Brockway India Ltd., did
not deduct tax at source on certain salary-related payments and benefits
provided to expatriate employees. The Assessing Officer initiated pe...
Commissioner of Income Tax vs. Khabros Steel India Ltd. – Penalty under Section 271(1)(c) leviable even where assessed income remains a loss after insertion of Explanation 4
Facts of the CaseThe Revenue challenged the order of the Income Tax Appellate
Tribunal (ITAT), which had deleted the penalty imposed under Section 271(1)(c)
of the Income-tax Act, 1961. The Tribunal had taken the view ...
Commissioner of Income Tax vs. M/s. Mayur Recreational and Development Ltd. – Scope of ITAT’s Rectification Power Under Section 254(2) vs. Review Power: Delhi High Court Sets Aside Total Recall Order of Income Tax Appellate Tribunal
Facts of the Case
Initial
Tribunal Order: The Income Tax Appellate Tribunal (ITAT),
Delhi Bench, initially disposed of the assessee’s appeal (ITA No.
2967/Del/95) for the Assessment Year 1992-93 via...
Commissioner of Income Tax vs R.K. Gupta (2006) – Additions on Unexplained Cash, Jewellery, Household Expenses and Business Investments Deleted on Concurrent Findings of Fact | Delhi High Court
Facts of the CaseA search operation was conducted against the assessee, R.K.
Gupta. Based on the material discovered during the search, the Assessing
Officer made several additions to the assessee’s taxable income. T...
M/s Mansarovar Investments Ltd. vs Commissioner of Income Tax – Revision under Section 24(1) of Gift Tax Act Maintainable Despite Earlier Appeal Dismissed as Not Maintainable | Delhi High Court
Facts of the CaseThe petitioner, M/s Mansarovar Investments Ltd., was assessed
under the Gift Tax Act. Pursuant to an order passed by the Commissioner of
Income Tax (Appeals), the Gift Tax Officer recomputed the tax li...
Commissioner of Income Tax vs Kamala Chaudhary – ITA No. 522/2006 (Delhi High Court) | Disallowance of Expenses in Block Assessment Based on Seized Material | Section 254(2) of the Income-tax Act
Facts of the CaseThe dispute arose from a block assessment relating to the
period 01.04.1988 to 18.08.1998. The Revenue had challenged the order of
the Income Tax Appellate Tribunal (ITAT).While deciding the Revenue’...
Ericsson India Telephone Corporation AB vs. Deputy Director of Income Tax and Others: Constitutionality of Gross-Basis Taxation on Royalties and Fees for Technical Services (FTS) under Sections 44D and 115A of the Income Tax Act, 1961
Facts of the Case
The
Petitioner Profile: The petitioner, Ericsson India
Telephone Corporation AB, is a foreign entity incorporated under the laws
of Sweden.
Indian
Operations: The petitioner...
Commissioner of Income Tax v. M/s Greysham & Company – Penalty under Section 271(1)(c) in Cases of Assessed Loss | Delhi High Court
Facts of the CaseThe Revenue filed an appeal before the Delhi High Court
challenging the order of the Income Tax Appellate Tribunal (ITAT), which had
deleted the penalty imposed under Section 271(1)(c) of the Income-ta...