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Virgin Mobile India Pvt. Ltd. v. The Assistant Commissioner of Income-Tax: Scope of Assessing Officer’s Discretion and Requirement of a Speaking Order Under Section 220(6) of the Income Tax Act
Facts of the Case
The
Petitioner, Virgin Mobile India Pvt. Ltd., is an incorporated company
engaged in trading telecom products and providing consultancy services. It
maintained a relationship with it...
Scott R. Bayman v. Commissioner of Income Tax: Deciding the Arbitrary Addition of Employer-Incurred Renovation Expenses as Taxable Perquisites under Section 17(2)(iv) of the Income Tax Act, 1961
Facts of the Case
Assessee's
Profile: The assessee, Mr. Scott R. Bayman, served as
the President and CEO of M/s GE International Operations Corp. Inc.
(GEIOCI).
Employment
Terms: Under Clause...
Mira Kulkarni vs. Assistant Commissioner of Income Tax: Disallowance of Personal Expenses under Section 37(1) vs. Contractual Obligations
Facts of the Case
Assessee
and Property Details: The appellant-assessee, Mira Kulkarni,
is an individual and part-owner of a property situated in Rishikesh,
Uttarakhand.
The
Commercial Agreem...
Commissioner of Income Tax vs. Smt. Meera Devi (with Kiran Devi vs. Commissioner of Income Tax) | Section 271(1)(c) Penalty and Third-Party Search under Section 153C
1. Facts of the Case
The
Search Operation: On January 13, 2004, a statutory search
and seizure operation under Section 132 of the Income Tax Act, 1961, was
executed at the residential premises of one ...
Kiran Devi Vs. Commissioner of Income Tax: Legality of Upholding Penalty Under Main Section 271(1)(c) When Charge Was Initiated Under Explanation 5
Facts of the Case
On
13.01.2004, a search and seizure operation under Section 132 of the Income
Tax Act, 1961, was conducted at the residential premises of one K.N.
Mehrotra (an employee of M/s Prabha...
Appellate Jurisdiction and Penalty Impositions Under Section 271(1)(c) of the Income Tax Act, 1961: A Comprehensive Study of Judicial Precedent and Procedural Finality in the Case of Kiran Devi Vs. Commissioner of Income Tax
Facts of the Case
The
Search Action: A search and seizure action was conducted by
the Revenue authorities under the Income Tax Act, 1961. During the course
of this search, various loose documents, ban...
Kiran Devi Vs. Commissioner of Income Tax (with Connected Case: Commissioner of Income Tax Vs. Smt. Meera Devi) | Validity of Penalty under Section 271(1)(c) and Applicability of Explanation 5 post-Search Proceedings under Section 153C
Facts of the Case
The
Search: On January 13, 2004, a search and seizure
operation under Section 132 of the Income Tax Act was conducted at the
residential premises of an individual, K.N. Mehrotra (an ...
Kiran Devi Vs. Commissioner of Income Tax (Delhi High Court) – Applicability of Section 30(2) of the Income Tax Act and Dismissal of Appeals Following CIT Vs. Smt. Meera Devi
Facts of the Case
Multiple
Income Tax Appeals being ITA Nos. 1217/2010, 1219/2010, 1220/2010,
1221/2010, 1231/2010 and 1233/2010 were filed before the Delhi High Court.
The
appellant challeng...
Kiran Devi vs Commissioner of Income Tax – Delhi High Court on Taxability of Capital Gains and Scope of Section 29(2) of the Limitation Act Read with Income Tax Proceedings
Facts of the CaseThe appellant, Kiran Devi, preferred multiple appeals before
the Delhi High Court against orders passed in income tax proceedings. The
appeals involved legal questions concerning the application and in...
Kiran Devi vs Commissioner of Income Tax – Delhi High Court | Section 28(iii) of Income Tax Act | Taxability of Compensation/Receipts in Business Income
Facts of the Case
Multiple
appeals were preferred by the appellant, Kiran Devi, before the Delhi High
Court.
The
issue involved in the appeals had already been examined by the Court in
connec...