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Reassessment Proceedings under Section 148A and Off-Market Share Transactions: Delhi High Court Upholds Validity of Reopening – Smt. Anu Gupta v. Income Tax Officer (2024)
Facts of the
CaseThe petitioner challenged an order dated 21.10.2022
passed under Section 148A(d) of the Income Tax Act, 1961, along with a notice
of even date issued under Section 148 of the Act for Assessment Year 2...
Bogus Purchases and Disallowance under Income Tax Act: Delhi High Court Upholds ITAT Order Allowing Purchases – Pr. Commissioner of Income Tax-7 v. MLS Paramount Residency Ltd. (2024)
Facts of the
CaseThe Revenue filed an appeal under Section 260A of
the Income Tax Act, 1961, challenging the order dated 13.08.2018 passed by the
Income Tax Appellate Tribunal in cross appeals arising out of Assessmen...
Immunity from Penalty under Section 270AA of the Income Tax Act: Delhi High Court Orders Fresh Consideration in Case of Alleged Mis-Reporting – Saurabh Bahety v. Income Tax Officer (2024)
Facts of the
CaseThe petitioner challenged an order dated 23.09.2024
passed under Section 270AA of the Income Tax Act, 1961, whereby the Assessing
Officer rejected the petitioner’s application seeking immunity from ...
Bogus Purchases and Disallowance under Income Tax Act: Delhi High Court Upholds ITAT Order Allowing Purchases – Pr. Commissioner of Income Tax-7 v. MLS Paramount Residency Ltd. (2024)
Facts of the
CaseThe Revenue filed an appeal under Section 260A of
the Income Tax Act, 1961, challenging the order dated 13.08.2018 passed by the
Income Tax Appellate Tribunal in cross appeals arising out of Assessmen...
Jurisdiction to Issue Notice under Section 143(2) of the Income Tax Act: Delhi High Court Affirms Authority of CBDT-Authorised Officer – Nutan Gehlot v. ACIT (2024)
Facts of the
CaseThe petitioner challenged a notice dated 23.06.2024
issued under Section 143(2) of the Income Tax Act, 1961, and a subsequent
notice dated 15.07.2024 issued under Section 142(1) of the Act for Assessm...
Validity of Notice under Section 143(2) of the Income Tax Act: Jurisdiction of Prescribed Income-Tax Authority Upheld by Delhi High Court – NGR Consultants Pvt. Ltd. v. ACIT (2024)
Facts of the
CaseThe petitioner, NGR Consultants Pvt. Ltd.,
challenged the validity of a notice dated 23.06.2024 issued under Section
143(2) of the Income Tax Act, 1961, along with subsequent notices dated
10.07.2024...
Reassessment Notice Beyond Ten Years Barred Under Section 149: Delhi High Court in KAD Housing Pvt. Ltd. v. DCIT (2024)
Facts of the
CaseThe petitioner, KAD Housing Private Limited,
challenged a notice dated 31.08.2024 issued under Section 148 of the
Income Tax Act, 1961, seeking to reopen the assessment for Assessment Year
(AY) 2015-...
Jurisdictional AO Cannot Issue Section 148 Notice After Faceless Reassessment Scheme, 2022: Delhi High Court in GDR Finance and Leasing Pvt. Ltd. v. ITO (2024)
Facts of the
CaseThe petitioner, GDR Finance and Leasing Private
Limited, was subjected to reassessment proceedings initiated by the Jurisdictional
Assessing Officer (JAO) through issuance of a notice under Section 14...
Reassessment under Section 148 Quashed Where Foreign Share Capital Accepted in Subsequent Years: Delhi High Court in Experion Hospitality Pvt. Ltd. v. ACIT (2024)
Facts of the
CaseThe petitioner, Experion Hospitality Pvt. Ltd.,
formerly known as Gold Resorts and Hotels Pvt. Ltd., is engaged in the
business of real estate and hospitality development. For Assessment Years 2008-09...
Reassessment under Section 148 Invalid When Subsequent Assessments Accept Share Capital: Delhi High Court in Experion Developers Pvt. Ltd. v. ACIT (2024)
Facts of the
CaseThe petitioners, belonging to the Experion Group
and engaged in real estate development, filed returns of income for Assessment
Years 2008-09 and 2011-12, which were either accepted under Section 143(...