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Commissioner of Income Tax, Delhi II vs. M/s Mahindra Finlease Pvt. Ltd. (with M/s Mahindra Traders Pvt. Ltd.) Substantial Question of Law under Section 158BC and Section 158BD of the Income Tax Act, 1961: Validity of Protective Assessment Framework in Block Assessment Proceedings.
Facts of the Case
A
search and seizure operation under Section 132 of the Income Tax Act,
1961, was executed on June 20, 2000, targeting the residential and
business premises of Shri P.K. Sood, ...
Commissioner of Income Tax vs. M/s Mediworld Publications Pvt. Ltd. | Section 28(va) vs. Capital Gains on Transfer of Intangible Assets
Facts
of the Case
The respondent/assessee, M/s
Mediworld Publications Pvt. Ltd., was incorporated in 1995 and engaged in
the business of healthcare, print media, and electronic media
communications (...
High Court Jurisprudence on Cash Credits: Proving Identity, Creditworthiness, and Genuineness under Section 68 of the Income Tax Act
Facts of the CaseThe High Court of Delhi adjudicated a batch of appeals (ITA
No. 2093/2010, 2094/2010, 2095/2010, 514/2007, and 539/2008) dealing with
additions made by the Assessing Officer (AO) under Section 68 of th...
CIT vs. Jaypee Hotels Ltd. | Depreciation on Golf Course: Hotel Building @20% vs. Plant @25% under Section 32 of Income Tax Act | Delhi High Court | 2011:DHC:14110-DB
Facts
of the Case
Context: The underlying dispute involves the appropriate rate of depreciation
to be claimed on a Golf Course managed by the respondent-assessee.
Assessing Officer's View: The Assessing Office...
Alcatel Lucent International vs Assistant Director of Income Tax & Others | Appeal Effect Orders Passed Beyond ITAT Directions Challenged – Delhi High Court Relegates Assessee to Statutory Appellate Remedy | 2010:DHC:2461-DB
Facts of the Case
The
petitioner, Alcatel Lucent International, filed writ petitions before the
Delhi High Court challenging orders passed by the Assessing Officer while
giving appeal effect to ...
Director of Income Tax vs. DSD Noell Gmbh (and DSD Industrieanlagen Gmbh) | Applicability of Deemed Profits under Section 44BBB of the Income Tax Act
FACTS OF THE CASE
The
respondents/assessees are German companies that set up Project Offices in
India in the year 2000 to provide engineering and technical services for
various projects.
These
...
Alcatel Lucent International vs Assistant Director of Income Tax & Others | Assessing Officer Cannot Exceed ITAT Directions While Giving Appeal Effect – Alternative Statutory Remedy Available
Facts of the Case
The
petitioner filed writ petitions before the Delhi High Court alleging that
the Assessing Officer, while implementing the orders of the Income Tax
Appellate Tribunal, travell...
Section 68 Compliance Framework: High Court Guidelines on Discharging the Burden of Proof for Share Application Money and Unexplained Cash Credits
Facts of the CaseThe case comprises a batch of appeals involving different
assessees who received substantial sums of share application money.
In
the case of Oasis Hospitalities (Pvt.) Ltd., the Assessing Offic...
Alcatel Lucent International vs. Assistant Director of Income Tax & Others [2010] 2010:DHC:2463-DB (Delhi High Court) under Section 254 of the Income-tax Act, 1961
Facts of the CaseAlcatel Lucent International filed a writ petition
before the Delhi High Court challenging an order passed by the Assessing
Officer while giving effect to directions issued by the Income Tax Appe...
Commissioner of Income Tax vs Oasis Hospitalities Pvt. Ltd. & Connected Matters (2011) 333 ITR 119 (Delhi High Court)
Facts of the
Case
The Revenue challenged orders passed by the Commissioner of Income
Tax (Appeals) and the Income Tax Appellate Tribunal deleting additions
made under Section 68 in respect of share applica...