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Section 14A Reassessment Bar for Assessment Years On or Before 01.04.2001 – Processing Under Section 143(1) Does Not Overturn the Statutory Proviso
Facts
of the Case1. The Respondent-Assessee filed its return of income
for the Assessment Year (AY) 2001-02, declaring a total income of ₹40,41,670.2. In th...
Commissioner of Income Tax vs. [Assessee Company] – Penalty under Section 271(1)(c) Cannot Be Levied on Debatable Claims of Deduction under Sections 80IB and 80HHC | Delhi High Court
Facts of the CaseThe assessee filed its return of income for Assessment Year
2001-02 declaring nil income. While computing its income, the assessee claimed
deductions under Sections 80IB and 80HHC of the Income-tax Act...
Commissioner of Income Tax vs. Harpal Singh Chadha (Delhi High Court) – Addition under Section 41(1) for Alleged Cessation of Liability and Unexplained Capital Introduction under Income Tax Act, 1961
Facts of the CaseThe case pertained to Assessment Year 2001-02.
During assessment proceedings, the Assessing Officer (AO) made various
additions to the income of the assessee, Mr. Harpal Singh Chadha.Two additions were...
Commissioner of Income Tax vs. C.J. International Hotels Ltd. | Delhi High Court | Annual Letting Value on Sub-Licensed Property | Sections 22, 23, 27(iii), 147 & 269UA(f)(ii) Income Tax Act
Facts of the CaseThe assessee, C.J. International Hotels Ltd.,
was operating the five-star Hotel Le Meridien, Windsor Place, New Delhi
on land obtained from NDMC under a 99-year licence agreement.Adjacent to the hotel ...
Commissioner of Income Tax vs Assessee – Rectification under Section 154 Not Permissible for Recomputing Deduction under Sections 80HHC and 80IB | Delhi High Court
Facts of the Case
The
Assessing Officer originally allowed deductions to the assessee under both
Sections 80HHC and 80IB of the Income-tax Act.
Subsequently,
the Assessing Officer invoked Section 15...
M/s All India J.D. Educational Society v. Director General of Income Tax (Exemptions), Delhi | Delhi High Court | Section 10(23C)(via) Income Tax Exemption Denied Due to Non-Genuine Activities and Delayed Application
Facts of the CaseThe petitioner, M/s All India J.D. Educational
Society, was a registered educational society having its registered office
in Delhi and operating J.D. Ayurvedic Medical College and Hospital at
Aligarh,...
Ritu Investments Pvt. Ltd. vs Deputy Commissioner of Income Tax (Delhi High Court) – Reassessment Notice under Sections 147/148 Invalid on Mere Change of Opinion
Facts of the
CaseRitu Investments Private Limited, engaged in
investment activities, trading in securities, and real estate investments,
filed its return of income for Assessment Year 2005-06 declaring income of
₹1...
Commissioner of Income Tax vs. Samtel Color Limited [Delhi High Court] – Section 68 Addition on Public Deposits Deleted as Assessee Successfully Proved Identity and Initial Onus
Facts of the CaseThe assessee, Samtel Color Limited, a public limited
company, filed its return for Assessment Year 1997-98. During assessment
proceedings, the Assessing Officer noticed that the company had received pu...
Ritu Investments Private Limited vs Deputy Commissioner of Income Tax (Delhi High Court) – Reassessment Notice Under Sections 147 & 148 Cannot Be Issued Merely on Change of Opinion | AY 2005-06
Facts of the CaseRitu Investments Private Limited, a company engaged
in investment activities, trading in securities and real estate investments,
filed its return of income for Assessment Year 2005-06 declaring income ...
Commissioner of Income Tax vs. Samtel Color Limited (2011) – Section 68 Income Tax Act | Public Deposits, Unexplained Cash Credits & Assessee's Initial Onus Discharged
Facts of the CaseSamtel Color Limited, a public limited company, received
public deposits amounting to approximately ₹2.61 crores during Assessment Year
1997-98. During assessment proceedings, the Assessing Officer q...