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PR. Commissioner of Income Tax-4 vs. M/s GGC Constructions Pvt. Ltd. (Delhi High Court) – Allowability of Revised Claims Without Revised Return, Bogus Purchases & Sundry Creditors | Section 139(5), 154, 260A of Income Tax Act
Facts of the CaseThe present appeal was filed by the Revenue before the Delhi
High Court challenging the order of the Income Tax Appellate Tribunal (ITAT)
for Assessment Year 2012-13. The dispute arose from multiple ad...
Principal Commissioner of Income Tax-4, Delhi vs. Haier Appliances India Pvt. Ltd. (Delhi High Court, 2022) – AMP Expenses & Binding Precedent in Transfer Pricing
Facts of the CaseThe present appeals were filed by the Revenue challenging a
common order passed by the Income Tax Appellate Tribunal (ITAT) for Assessment
Year 2011-12. The central issue revolved around whether routin...
PR. Commissioner of Income Tax-7 vs. M/s SPG Finvest Pvt. Ltd. (Delhi High Court) – Deletion of Additions under Sections 68 & 69 and Scope of Rule 46A
Facts of the CaseThe present appeal was filed by the Revenue challenging the
order dated 27th November 2020 passed by the Income Tax Appellate Tribunal
(ITAT) for Assessment Year 2012–13. The Assessing Officer (AO) h...
SH. NARENDER KUMAR ANAND vs PRINCIPAL COMMISSIONER OF INCOME TAX (Delhi High Court) – Rejection of Books u/s 145(3) & Estimation of Gross Profit at 2% Upheld
Facts of the
CaseThe assessee filed an income tax return declaring
income of ₹6,27,480 for AY 2013-14. The case was selected for scrutiny due to low
net profit despite high turnover.
Purchases: ₹80.30 crore
S...
Principal Commissioner of Income Tax-4, Delhi vs. Haier Appliances India Pvt. Ltd. (2022) – AMP Expenses and Transfer Pricing Adjustment under Income Tax Act
Facts of the CaseThe Revenue filed appeals challenging a common order passed
by the Income Tax Appellate Tribunal (ITAT) concerning Assessment Year 2011–12.
The dispute arose over whether routine selling and
distrib...
Uppal Chadha Hi-Tech Developers Pvt. Ltd. vs Income Tax Officer Ward 22(3), Delhi & Anr. (Delhi High Court, 2022) – Reassessment Invalid on Non-Existent Entity & Non-Reasoned Order under Sections 148A & 148
Facts of the Case
The
Petitioner challenged:
Show
cause notice dated 26.05.2022 under Section 148A(b)
Order
under Section 148A(d)
Notice
under Section 148 dated 30.05.2022
...
Vedanta Limited vs Assistant Commissioner of Income Tax & Anr. (Delhi High Court) – Remand by ITAT Set Aside; Scope of Tribunal Powers, Section 37, 115JB & 32(1)(iia) Explained
Facts of the CaseThe assessee, Vedanta Limited, filed an appeal challenging the
order passed by the Income Tax Appellate Tribunal (ITAT) concerning Assessment
Year 2014–15. The dispute arose from multiple additions a...
Commissioner of Income Tax (International Taxation)-2 vs NetApp B.V. (Delhi High Court) – No Interest under Section 234B When Income Assessed as NIL | ITA 338/2022
Facts of the CaseThe present appeal was filed by the Revenue challenging the
order dated 20th September 2021 passed by the Income Tax Appellate Tribunal
(ITAT) in ITA No. 1882/Del/2017 for Assessment Year 2013–14. Th...
Deputy Director of Income Tax (Investigation) Unit–4(3) v. Xiongwei Li (2022) – Delhi High Court on Look Out Circular (LOC) in Economic Offences
Facts of the Case
The
respondent, CEO of Huawei Telecommunications (India) Company Pvt. Ltd.,
was subjected to investigation following a search and seizure action
under Section 132 of the Income Tax A...
PR. Commissioner of Income Tax-1 vs Avery Dennison (India) Pvt. Ltd. (2022) – Delhi High Court | Transfer Pricing | Section 92B & 92F | Intra-Group Services & Outstanding Receivables
Facts of the CaseThe present appeal was filed by the Revenue challenging the
order dated 11.10.2021 passed by the Income Tax Appellate Tribunal (ITAT) for
Assessment Year 2009–10. The dispute primarily revolved aroun...