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Commissioner of Income Tax vs M/s Videon – Penalty u/s 271(1)(c) Not Leviable Where Claim of Exemption on Sale of Land Was Made Bona Fide and Later Withdrawn | Delhi High Court
Facts of the CaseThe assessee filed its return of income for
Assessment Year 1993-94 and disclosed a capital gain of ₹19,45,920 arising from
the sale of land. Subsequently, the assessee filed a revised return claimin...
Income Tax Officer v/s M/s Giggles (P) Ltd. & Others Effect of Deletion of Penalty under Section 271(1)(c) on Prosecution under Section 276C and Section 278B of the Income-tax Act, 1961 | Delhi High Court
Facts of the CaseThe Income Tax Department filed a criminal revision petition
challenging the order of the Additional Sessions Judge. The dispute arose from
criminal prosecution initiated against M/s Giggles (P) Ltd. a...
CIT vs. M/s Tosha zLtd.: Taxability of Principal Loan Waiver under Section 41(1) of the Income Tax Act
Facts of the CaseThe assessee, M/s Tosha International Ltd., was
engaged in manufacturing black and white television picture tubes. The company
ran into immense financial losses, eventually becoming a sick industrial
...
M/s. Goetze India Ltd. vs. Commissioner of Income Tax Central | Mandamus and Stay of Coercive Recovery Pending Refund Set-Off under Section 245 of the Income Tax Act, 1961
Facts of the CaseThe petitioner, M/s. Goetze India Ltd., filed a writ petition
under Article 226 of the Constitution of India before the High Court of Delhi.
The petitioner had submitted an application dated April 17, ...
M/S Nitin Developers and Const. vs. Commissioner of Income Tax, Delhi | Validity of Case Transfer Under Section 127(2) of Income Tax Act, 1961 Without Notice
Facts of the CaseThe petitioner, M/S Nitin Developers and Const., filed a
petition for a writ of certiorari assailing the validity of an order dated
August 5, 2005 (as amended by a corrigendum dated August 17, 2005). T...
M/s Ram Bagh Palace Hotel (P) Ltd. vs Commissioner of Income Tax – Capital vs Revenue Expenditure on Hotel Renovation, Tribunal's Duty to Give Reasons While Reversing CIT(A) Order | AY 1995-96 | Delhi High Court
Facts of the
CaseThe assessee, M/s Ram Bagh Palace Hotel (P) Ltd.,
incurred expenditure on various works connected with its hotel property during
Assessment Year 1995-96. The disputed expenses included:
Glass supply...
Braham Pal vs. Income Tax Officer: Stay of Demand and Condonation of Limitation under Section 246A and Section 220 of the Income Tax Act, 1961 (Read with Article 226 of the Constitution of India)
Facts of the CaseThe petitioner, Braham Pal, approached the High Court of Delhi
via a writ petition under Article 226 of the Constitution of India challenging
an assessment order passed by the Income Tax Officer (Respo...
CIT Delhi vs M/s Select Holidays Resorts Ltd. – Interest Liability under Sections 201(1) & 201(1A) Where Deductee Has Already Paid Tax | Delhi High Court
Facts of the
CaseThe Revenue filed multiple appeals before the Delhi
High Court under Section 260A of the Income-tax Act against the orders passed
by the Commissioner of Income Tax (Appeals) and subsequently affirmed ...
Dismissal of Writ Petition Against Section 148 Reassessment Notice Due to Existence and Invocation of Alternative Statutory Remedy Under Section 246A / Chapter XX of the Income Tax Act, 1961
Facts of the Case
The
petitioner filed a writ petition assailing a notice issued by the
respondent under Section 148 of the Income Tax Act, 1961, which
proposed to reopen a completed assessment.
By...
Commissioner of Income Tax, Delhi vs. M/s Select Holidays Resorts Ltd. – TDS Default, Interest Liability under Sections 201(1) & 201(1A) of the Income-tax Act, 1961
Facts of the CaseThe Revenue filed multiple appeals under Section
260A of the Income-tax Act, 1961 against the common orders passed by the
Commissioner of Income Tax (Appeals) for Assessment Years 1995-96, 1996-97,
19...