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Woodward India Private Limited vs Additional Commissioner of Income Tax (Delhi High Court) – Refund Delay, Dishonoured Refund Cheques & Additional Interest under Section 244A(1A) of the Income Tax Act
Facts of the CaseThe petitioner company was entitled to income tax refunds for
three assessment years. For AY 2005–06 and AY 2006–07, the department issued
refund cheques amounting to Rs. 51,85,752/- and Rs. 23,95,...
Principal Commissioner of Income Tax-8 vs Steria India Ltd. | Delhi High Court on Exclusion of Export Turnover from Total Turnover under Section 10A of the Income Tax Act, 1961
Facts of the
CaseThe Revenue preferred multiple appeals before the
Delhi High Court challenging the order passed by the Income Tax Appellate
Tribunal. The dispute centered on the formula prescribed under Section 10A f...
Pr. Commissioner of Income Tax-6, New Delhi vs Monnet Ispat & Energy Ltd. | Delhi High Court | Effect of IBC Moratorium on Pending Income Tax Appeals under Sections 14, 238 & 7 of Insolvency and Bankruptcy Code, 2016
Facts of the CaseThe Income Tax Department had filed multiple
appeals before the Delhi High Court challenging orders passed by the Income Tax
Appellate Tribunal concerning the tax liabilities of Monnet Ispat & Ener...
Pr. Commissioner of Income Tax-6 Vs. Matrix Cellular International Services Pvt. Ltd. | Delhi High Court | Resale Price Method (RPM) vs Transactional Net Margin Method (TNMM) in Transfer Pricing under Sections 92C, 92CA & 260A of the Income-tax Act, 1961
Facts of the CaseThe assessee company was engaged in the business of
sale of airtime, rental of handsets, and supply of SIM cards. It filed its
income tax return declaring losses for the relevant assessment year 2009...
Principal Commissioner of Income Tax–8 vs Steria India Ltd. | Exclusion from Export Turnover Must Also Be Excluded from Total Turnover under Section 10A – Delhi High Court
Facts of the
CaseThe Revenue preferred multiple appeals before the
Delhi High Court challenging the order passed by the Income Tax Appellate
Tribunal (ITAT). The controversy arose in relation to the computation mechan...
M/s Ambience Hospitality Pvt. Ltd. Vs. Deputy Commissioner of Income Tax | False Depreciation Claim on Land, Mens Rea in Wrong Tax Declaration, Conviction Upheld under Sections 276C & 277 of the Income Tax Act, 1961 (Delhi High Court)
Facts of the CaseThe petitioner company claimed depreciation on land
amounting to Rs. 31,80,000 by clubbing it with building assets under the head
“property” in its balance sheet for AY 2007–08. Since land is not...
Commissioner of Income Tax (Exemptions) vs Asian Centre for Organisation Research & Development | Reassessment under Sections 147/148 and Charitable Exemption under Sections 12A, 12AA & 13(3) of the Income Tax Act
Facts of the
CaseThe Revenue filed appeals challenging the order of
the Income Tax Appellate Tribunal (ITAT), which had upheld the order of the
Commissioner of Income Tax (Appeals) [CIT(A)] in favour of the assessee. ...
Commissioner of Income Tax (Exemptions) vs Asian Centre for Organisation Research & Development | Reassessment under Sections 147/148 and Charitable Exemption under Sections 12A, 12AA & 13(3) of the Income Tax Act
Facts of the
CaseThe Revenue filed appeals challenging the order of
the Income Tax Appellate Tribunal (ITAT), which had upheld the order of the
Commissioner of Income Tax (Appeals) [CIT(A)] in favour of the assessee. ...
Commissioner of Income Tax (Exemptions) vs Asian Centre for Organisation Research & Development | Reassessment under Sections 147/148 Invalid Where Charitable Exemption under Section 12A Continues – Delhi High Court
Facts of the
CaseThe Revenue preferred appeals before the Delhi High
Court challenging the order of the Income Tax Appellate Tribunal (ITAT),
whereby the Tribunal upheld the order of the Commissioner of Income Tax
(A...
Principal Commissioner of Income Tax (Central)-1 vs Aditya Khanna | Delhi High Court | Reassessment under Sections 148 & 143(3) and Addition under Section 68 of the Income Tax Act
Facts of the
CaseThe assessee had originally filed the return
declaring net income of ₹98,850/-. Subsequently, reassessment proceedings were
initiated under Section 148 based on information received from the Directo...