Blog Categories
Subscribe to Newsletter
Join our subscribers list to get the latest Tax Updates and Opportunities.
Reassessment Proceedings Issued in the Name of an Amalgamating Company Are Void Ab Initio – Delhi High Court in Religare Enterprises Ltd. v. ACIT (Religare Arts Investment Management Ltd.)
Facts of the
CaseReligare Enterprises Ltd., as successor-in-interest
of Religare Arts Investment Management Limited, filed a writ petition
challenging reassessment proceedings initiated by the Income Tax Department in...
Assessment and Reassessment Proceedings Initiated in the Name of a Non-Existent Amalgamating Company Are Void Ab Initio – Delhi High Court in Religare Enterprises Ltd. v. ACIT
Facts of the
CaseReligare Enterprises Ltd., as successor-in-interest
of RGAM Capital India Ltd., filed a writ petition challenging reassessment
proceedings initiated by the Income Tax Department in the name of RGAM Ca...
Assessment and Reassessment Proceedings Issued in Name of Amalgamating Entity Are Void Ab Initio – Delhi High Court in Religare Enterprises Ltd. v. ACIT
Facts of the
CaseReligare Enterprises Limited, the
successor-in-interest of Religare Securities Ltd., challenged reassessment
proceedings initiated by the Income Tax Department in the name of Religare
Securities Ltd....
Assessment or Reassessment in the Name of an Amalgamating Company Is a Jurisdictional Nullity – Delhi High Court in Rangoli Resorts Pvt. Ltd. v. ACIT
Facts of the
CaseRangoli Resorts Pvt. Ltd., as successor-in-interest
of Polyflex Marketing Pvt. Ltd., challenged assessment and reassessment
proceedings initiated by the Income Tax Department in the name of Polyflex
...
Reassessment Valid Where Information Indicates Bogus Purchases and Suppliers Are Non-Existent – Delhi High Court in Raghav Garg v. ITO
Facts of the
CaseThe petitioner challenged an order dated 12 April
2024 passed under Section 148A(d) of the Income-tax Act, 1961 for Assessment
Year 2020-21, pursuant to which a notice under Section 148 was issued.The...
Reopening under Sections 147/148 Invalid for Borrowed Satisfaction; Assessing Officer Must Independently Apply Mind and Establish Live Link with Tangible Material: Well Trans Logistics India Pvt. Ltd. vs. ACIT (Delhi HC)
Facts of the
CaseThe petitioner, Well Trans Logistics India Pvt.
Ltd., is engaged in the business of freight forwarding. It filed its return of
income for Assessment Year 2011-12 on 30.09.2011. The assessment was soug...
Final Assessment Order Time-Barred under Section 144C(4) Even Where DRP Objections Filed Belatedly; Limitation Is Mandatory and Absolute: CIT (International Taxation)-2 vs. Mavenir UK Holdings (Delhi HC)
Facts of the
CaseThe Revenue filed an appeal under Section 260A of
the Income-tax Act, 1961 challenging the order dated 05.01.2024 passed by the
Income Tax Appellate Tribunal for Assessment Year 2013-14. The ITAT had ...
Reopening Valid Where Original Return Was Processed Under Section 143(1) and Tangible Material Exists – Delhi High Court in R P Foam Home (P) Ltd. v. ACIT
Facts of the
CaseThe petitioner challenged a notice dated 27 March
2018 issued under Section 148 of the Income-tax Act, 1961 seeking to reopen the
assessment for Assessment Year 2011-12.The petitioner contended that t...
Assessment and Reassessment in Name of Amalgamating Entity is Void Ab Initio – Delhi High Court in Qualcomm India Pvt. Ltd. v. ACIT
Facts of the
CaseThis writ petition formed part of a large batch of
matters challenging assessment and reassessment proceedings initiated by the
Income Tax Department in the name of entities that had ceased to exist p...
Reassessment Notice Invalid for Want of Sanction by Competent Authority under Section 151 – Delhi High Court in Prashant Softwares Pvt. Ltd. v. ACIT & Ors.
Facts of the
CaseThis batch of writ petitions, including Prashant
Softwares Pvt. Ltd., challenged reassessment proceedings initiated under
Section 148 of the Income-tax Act, 1961 for Assessment Year 2015-16. The
reas...