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PepsiCo India Holdings Pvt. Ltd. vs Assistant Commissioner of Income Tax & Anr. | Delhi High Court on Section 153C Proceedings, “Belongs To” Test & Invalid Satisfaction Note under Income Tax Act
Facts of the Case
A search and seizure operation under Section 132(1) of the Income
Tax Act was conducted on the Jaipuria Group on 27.03.2012.
During the search, certain documents were allegedly found wh...
Commissioner of Income Tax IV vs Fair Finvest Ltd – Delhi High Court on Section 68 of Income Tax Act, 1961 (Share Application Money & Accommodation Entries)
Facts of the
Case:In the reassessment proceedings for the assessment
year 2002-03, the Revenue sought to tax income allegedly escaped assessment,
amounting to 55,01,125/-, relating
to share application money received...
Kiwanis Club of New Delhi vs Director of Income Tax (Exemptions) | Delay in Filing Return, Refund Claim & Non-Submission of Original TDS Certificates under Sections 119(2)(b), 139 & 143 of Income Tax Act
Facts of the
CaseThe petitioner, Kiwanis Club of New Delhi, was a
charitable organization registered under Section 12A of the Income Tax Act and
engaged in philanthropic activities, including providing artificial limb...
The Commissioner of Income Tax, Delhi vs. Smt. Renu Gupta – Delhi High Court Review of ITAT Order on Accommodation Entries and Jewellery Sales under Income Tax Act
Facts of the
CaseThe Revenue (Commissioner of Income Tax, Delhi)
challenged the Income Tax Appellate Tribunal (ITAT) order dated 29.08.2008,
which had upheld the deletion of an amount added back on account of alleged
...
Commissioner of Income Tax, Delhi-VI vs Usha International Ltd. – Penalty under Section 271(1)(c) for Bogus Donation Claim under Section 35CCA and Effect of Revised Return on Concealment Proceedings
Facts of the
Case
The assessee, Usha International Ltd., filed its return for
Assessment Year 1983–84 and claimed deduction of ₹10,00,000 under Section
35CCA towards a donation purportedly made to Shri...
Commissioner of Income Tax-III v. Rajat Lal | Delhi High Court | Penalty under Section 271(1)(c) Cannot Survive When Quantum Addition Itself Is Set Aside | AY 1997–98
Facts of the
Case
The assessee filed a return declaring income of Rs. 39,18,664.
The Assessing Officer made additions toward capital gains after
concluding that certain shares had been transferred during the r...
Rural Electrification Corporation Ltd. vs. Commissioner of Income Tax (LTU) & Anr | Section 148 & 150, Income Escaped Assessment, Limitation Issue
Facts of the Case
The
petitioner, Rural Electrification Corporation Ltd. (REC),
challenged notices issued under Section 148 of the Income Tax Act,
1961, relating to assessment years 1999-2000 to 2002-...
Commissioner of Income Tax Delhi-II vs Khoobsurat Resorts Pvt. Ltd. – Addition on Stamp Duty Valuation Difference and Unexplained Cash Credit under Sections 50C, 68 & 143(3) of Income Tax Act | Delhi High Court
Facts of the
CaseThe assessee company filed its return of income for
Assessment Year 2007–08 declaring NIL income after adjustment of unabsorbed
depreciation. During scrutiny assessment under Section 143(3), the Ass...
Consulting Engineering Services (India) Pvt. Ltd. vs Deputy Commissioner of Income Tax – Writ Petition under Sections 143(3) & 154 of Income Tax Act, 1961
Facts of the
CaseThe petitioner, Consulting Engineering Services
(India) Pvt. Ltd., challenged recovery proceedings initiated by the
Assessing Officer (AO) based on scrutiny assessments for the financial years
2008-0...
M/S Halcrow Consulting India Pvt Ltd vs Income Tax Officer (TDS) And Anr | Delhi High Court | Sections 194J, 221, 220(6) – Tax Deduction Dispute
Facts of the
CaseThe petitioner, M/S Halcrow Consulting India Pvt
Ltd, challenged a notice issued by the Assessing Officer (AO) under Section
221(1) of the Income Tax Act. The company sought protection against
coerci...