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Narayan Lal Saraf vs Income Tax Settlement Commission – Whether Settlement Commission Can Rectify a Final Settlement Order Under Section 154 After Passing Order Under Section 245D(4) of the Income-tax Act, 1961
Fact of the caseThe petitioner, Narayan Lal Saraf, was among
several assessees who had approached the Income Tax Settlement Commission by
filing settlement applications under Section 245C of the Income-tax Act, 1961.
...
Sudershan Dhingra vs Income Tax Settlement Commission (Delhi High Court) – Whether Settlement Commission Can Rectify a Final Settlement Order Under Section 154 of the Income-tax Act, 1961
Facts of the CaseThe petition formed part of a group of writ
petitions involving assessees who had approached the Income Tax Settlement
Commission in 1994 by filing applications under Section 245C of the Income-tax
Ac...
High Court of Delhi | Writ Petition (Civil) No. 1622/1994 | Section 271(1)(a) and Section 264 of the Income-Tax Act, 1961
Facts
of the CaseThe petitioner, an individual
associated with a business concern paying income tax, challenged a revisional
order dated August 25, 1993, passed by the Commissioner of Income Tax under
Section 264 of ...
DCM Limited vs Commissioner of Income Tax (Delhi High Court) – Taxability of Amount Credited to Molasses Storage Fund under Income Tax Act 1961
Facts of the CaseThe assessee, M/s DCM Limited, had credited certain
amounts to the Molasses Storage Fund out of the sale proceeds of
molasses during the relevant assessment years.The amounts involved were:
Assessmen...
M/s DCM Limited vs Commissioner of Income Tax (Delhi High Court) – Taxability of Molasses Storage Fund Receipts under the Income-tax Act 1961
Facts of the
CaseM/s DCM Limited, the assessee, filed appeals before
the Delhi High Court concerning the inclusion of amounts credited to the Molasses
Storage Fund in its taxable income.For Assessment Year 1988-89, th...
Commissioner of Income Tax vs National Thermal Power Corporation Ltd. (NTPC) – Appeal Dismissed for Want of Clearance from High Powered Committee | Delhi High Court | ITA No. 756/2004
Facts of the
CaseThe appeal was filed by the Income Tax Department
against National Thermal Power Corporation Ltd. (NTPC), a Central
Government Undertaking. The matter came before the Delhi High Court for
considerati...
Commissioner of Income Tax, Delhi (Central)-III, New Delhi vs M/s Karan Engineering (P) Ltd. – Satisfaction of Assessing Officer under Section 158BD is a Question of Fact | Delhi High Court
Facts of the
CaseThe matter arose from proceedings initiated under
Section 158BD of the Income-tax Act pursuant to documents seized during a
search operation. The Revenue contended that the seized material reflected
...
Commissioner of Income Tax, Delhi-IV, New Delhi vs M/s Deltron Ltd. – No Substantial Question of Law Arises on Deletion of Penalty/Additions Following Settled Judicial Precedents | Delhi High Court
Facts of the
CaseThe Revenue filed an appeal before the Delhi High
Court against the order passed in favour of M/s Deltron Ltd. The dispute
related to issues already settled by judicial precedents. The Revenue sought
...
Commissioner of Income Tax vs Assessee (ITA No. 19/2003) – Hybrid System of Accounting Accepted by Department; No Substantial Question of Law Arises
Facts of the
CaseThe assessee had been consistently following the hybrid
system of accounting for its business transactions. This accounting method
had been regularly accepted by the Income Tax Department in earlier y...