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The Motor & General Finance Ltd. & Ors. v. Commissioner of Income Tax-VI, New Delhi | Whether Interest on Refund Includes Interest on Interest under Sections 240, 243 & 244A of the Income-tax Act, 1961 – Delhi High Court
Facts of the CaseThe appeals were filed by various assessees
including The Motor & General Finance Ltd., MGF India Ltd., Goodwill
(India) Ltd., and MGM (India) Ltd. The common issue involved was whether an
assesse...
Penwell Traders Ltd. vs Commissioner of Income Tax (Delhi High Court) – Addition on Undisclosed Interest Income, Unexplained Share Investments and Penalty under Section 158BFA(2) Upheld
Facts of the
CaseA search operation was conducted at the premises of
Penwell Traders Ltd. Pursuant to the search, block assessment proceedings were
initiated.During assessment, the Assessing Officer made
additions on...
Commissioner of Income Tax vs Assessee – Whether Appeal under Section 260A is Maintainable Against ITAT's Interim Order Rejecting Additional Grounds | Delhi High Court
Facts of the CaseThe appellant filed an appeal before the Delhi High
Court challenging the order dated 29.08.2008 passed by the Income Tax Appellate
Tribunal (ITAT). The Tribunal had rejected the appellant's applicatio...
Assessee vs Commissioner of Income Tax – Appeal Against ITAT’s Rejection of Additional Grounds Held Premature Under Section 260A of the Income-tax Act, 1961 | Delhi High Court
Facts of the
CaseThe assessee filed appeals before the Delhi High
Court challenging the order dated 29.08.2008 passed by the Income Tax Appellate
Tribunal (ITAT). The Tribunal had rejected the assessee’s application...
Saga Departmental Stores Ltd. vs Commissioner of Income Tax (Appeals) | Disallowance of Commission Expenses for Lack of Evidence and Verification under the Income Tax Act, 1961 | Delhi High Court
Facts of the CaseThe assessee was engaged in the business of
operating departmental stores selling handicrafts, carpets and other items
primarily to tourists.For Assessment Year 2005-06, the assessee claimed
commissio...
The Motor & General Finance Ltd. vs. Commissioner of Income Tax-VI, New Delhi – Whether Interest on Interest is Payable on Income Tax Refunds under Sections 143(1)(a), 154, 240, 243 & 244A of the Income-tax Act, 1961
Facts of the CaseThe appeals were filed by various assessees
including The Motor & General Finance Ltd., MGF India Ltd., Goodwill
(India) Ltd., and MGM (India) Ltd. before the Delhi High Court. The common
issue in...
Sonia Magu & Ors. vs Commissioner of Income Tax | Delhi High Court | Section 132 Search & Seizure – Addition on Account of Alleged Unexplained Jewellery Deleted
Facts of the
Case
A search and seizure operation under Section 132 was conducted on
17 January 2002.
Jewellery belonging to various members of the Magu family was found
during the search.
The Ass...
Sonia Magu & Others vs Commissioner of Income Tax (Delhi High Court) | Addition on Account of Unexplained Jewellery Cannot Survive Once Source is Fully Explained | Sections 132 & 69A of the Income-tax Act, 1961
Facts of the CaseA search and seizure operation under Section 132 of
the Income-tax Act was conducted on 17.01.2002 at the premises of M/s Indiair
Carriers Pvt. Ltd. and the residential premises of members of the Magu ...
Commissioner of Income Tax vs. Whirlpool of India Pvt. Ltd. (2009:DHC:7187-DB): Delhi High Court Rules That a Bona Fide and Debatable Claim Regarding the Date of Setting Up a Business Does Not Amount to Concealment of Income or Furnishing Inaccurate Particulars Under Section 271(1)(c) of the Income Tax Act, 1961
Facts of the
Case·
The
assessee (Whirlpool of India P. Ltd.) filed its return of income for the
Assessment Year (AY) 1996-97 on December 31, 1996. The case was selecte...
Sonia Magu & Others vs Commissioner of Income Tax (Delhi High Court) – Addition for Unexplained Jewellery Cannot Survive Once Source of Acquisition is Accepted | Section 132, Income Tax Act
Facts of the
CaseA search and seizure operation under Section 132 of
the Income Tax Act was conducted on 17.01.2002 at the premises of M/s India
Carriers Pvt. Ltd. and the residential premises of members of the Magu f...