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Commissioner of Income Tax v. Smt. Meera Devi & Kiran Devi – Penalty under Section 271(1)(c) read with Explanation 5 in Search Cases and Concealment of Income under Section 153C
Facts of the CaseA search operation under Section 132 of the Income Tax Act was
conducted at the residential premises of K.N. Mehrotra, an employee of M/s
Prabhat Zarda Group. During the search proceedings, several doc...
Commissioner of Income Tax v. M/s Frostair Pvt. Ltd. – Appeal under the Income-tax Act, 1961 relating to Substantial Question of Law before High Court (ITA No.1638/2006)
Facts of the Case
The
Commissioner of Income Tax preferred an appeal before the Delhi High Court
against M/s Frostair Pvt. Ltd.
The
issues raised in the present appeal were substantially connected ...
Lease Plan India & Anr. v. Deputy Commissioner of Income Tax (Delhi High Court) – Adjustment of Tax Refund During Stay of Reassessment Proceedings under Sections 245, 148, 143(3) & 221 of the Income Tax Act, 1961
Facts of the CaseThe petitioner filed its income tax return for Assessment Year
2005–06 declaring a business loss. Assessment under Section 143(3) of the
Income Tax Act was completed subsequently. Thereafter, the Rev...
G.L. Jain Vs. Commissioner of Income Tax-XI & Others – Interest on Delayed Release of Seized Cash under Sections 132B(4), 132B(1)(i), 244A of the Income Tax Act | Delhi High Court
Facts of the CaseA search and seizure operation was conducted on 16.02.2005,
during which cash amounting to Rs.96,14,700/- was found and Rs.92,82,700/- was
seized by the authorities.The petitioner requested release of ...
Qualcomm Incorporated vs Assistant Director of Income Tax – Reopening of Assessment under Sections 147/148 Beyond Four Years on Mere Change of Opinion and Alleged Permanent Establishment Issue | Delhi High Court
Facts of the Case
Qualcomm
Incorporated, a foreign company, was engaged in design, development,
manufacture, marketing and licensing of digital wireless telecommunication
products and services based o...
Commissioner of Income Tax-II vs Mohan Clothing Co. Pvt. Ltd. – Reassessment Validity under Sections 147, 148 & 149 of Income Tax Act on Issue of Notice and Supply of Reasons
Facts of the CaseThe assessee had originally been assessed under Section 143(3)
for Assessment Year 2002–03 on 31.12.2004. Subsequently, information was
received by the tax department indicating that the assessee had...
Commissioner of Income Tax vs M/s Uberoi Sons (Machines) Ltd. – Delhi High Court | Income Tax Appeal on Allowability of Claim and Related Tax Issues Income-tax 1961
Facts of the Case
The
Commissioner of Income Tax preferred appeals before the Delhi High Court
against M/s Uberoi Sons (Machines) Ltd.
Multiple
appeals bearing ITA Nos. 168/2006, 243/2006, and 778/...
Commissioner of Income Tax vs. M/s Uberoi Sons (Machines) Ltd. – Delhi High Court on Deductibility of Expenditure and Applicability of Income Tax Provisions in Connected Appeals under the Income Tax Act
Facts of the Case
The
Revenue preferred multiple appeals against the respondent company under
the Income Tax Act.
The
appeals involved questions arising from tax treatment and related issues
...
Commissioner of Income Tax v. M/s Uberoi Sons (Machines) Ltd. – Taxability of Mesne Profits, Reassessment under Section 147 and Accrual of Rental Income under Sections 23 & 25B of the Income Tax Act
Facts of the Case
The
assessee company was engaged in the real estate business and earned rental
income from commercial properties.
The
lease agreement with Oriental Bank of Commerce expired on 31....
Commissioner of Income Tax vs M/s Uberoi Sons (Machines) Ltd. – Delhi High Court on Tax Appeal Dismissal Following Earlier Judicial Determination under Income Tax Act
Facts of the Case
The
Commissioner of Income Tax preferred multiple appeals being ITA
Nos.168/2006, 243/2006, and 778/2006 before the Delhi High Court.
The
respondent in the matter was M/s Uberoi S...