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Rishi Ganga Power Corporation Ltd. vs Assistant Commissioner of Income Tax (Delhi High Court, 2023) – Effect of Approved Resolution Plan on Income Tax Demands under IBC
Facts of the
Case
The petitioner, Rishi Ganga Power Corporation Ltd. (RGPCL),
filed its return for AY 2017–18 declaring losses.
During assessment, the Income Tax Department:
Passed an order under Sec...
Tata Steel Limited vs Deputy Commissioner of Income Tax (Delhi High Court, 2023) – Pre-Resolution Tax Dues Extinguished under IBC Clean Slate Principle
Facts of the
CaseThe petitioner, Tata Steel
Limited (TSL), challenged a notice dated 28.08.2018 and order dated 17.10.2018
issued by the Income Tax Department under Section 221(1) of the Income Tax Act
demanding tax ...
ANURADHA BAKSHI vs PRINCIPAL COMMISSIONER OF INCOME TAX, CENTRAL NEW DELHI–1 (Delhi High Court, 2023) – Limitation under Sections 153A, 153B & Revision under Section 263 of Income Tax Act
Facts of the
CaseThe petitioner, Anuradha Bakshi, an
entrepreneur engaged in apparel design and consultancy, was subjected to a
search and seizure operation under Section 132 of the Income Tax Act, 1961
in March 2021...
Principal Commissioner of Income Tax-07, Delhi vs M/s Pilot Industries Ltd. (Delhi High Court) – Appeal Dismissed as Covered by Earlier Judgment (AY 2011-12)
Facts of the
CaseThe appeal was filed by the Revenue (Principal
Commissioner of Income Tax-07, Delhi) challenging the order dated 23.11.2021
passed by the Income Tax Appellate Tribunal concerning Assessment Year 2011â...
PR. Commissioner of Income Tax-4, New Delhi vs Indus Towers Ltd. | Delhi High Court | Section 36, 37, 32, 43B, 260A Income Tax Act | Interest, Depreciation & Loan Processing Fee Deduction Case
Facts of the
CaseThe respondent/assessee, Indus Towers Ltd.,
a public limited company, was incorporated as a joint venture of telecom
entities to provide shared telecom infrastructure services. It filed its return
de...
Commissioner of Income Tax, Central-II vs Amarjit Singh Bakshi (HUF) & Anr. – Delhi High Court on Mandatory Satisfaction Note under Section 158BD of Income Tax Act, 19613
Facts of the CaseThe present matter involved cross appeals between
the Revenue and the Assessee arising from a common order of the Income Tax
Appellate Tribunal (ITAT). The core issue pertained to the validity of
proc...
Commissioner of Income Tax, Central-II vs Amarjit Singh Bakshi (HUF) & Anr. – Delhi High Court on Mandatory Satisfaction Note under Section 158BD of Income Tax Act, 1961
Facts of the CaseThe present matter involved cross appeals between
the Revenue and the Assessee arising from a common order of the Income Tax
Appellate Tribunal (ITAT). The core issue pertained to the validity of
proc...
BDR Finvest Pvt. Ltd. vs Deputy Commissioner of Income Tax & Ors. (Delhi High Court, 2023) – TDS Credit Allowed Despite Non-Deposit by Deductor | Sections 154, 199 & 205 Income Tax Act
Facts of the
Case
The Petitioner, BDR Finvest Pvt. Ltd., advanced a loan to
Ninex Developers Ltd. during FY 2018–19 (AY 2019–20).
Interest was paid after deduction of tax at source (TDS) amounting
t...
Commissioner of Income Tax, Central-II vs Amarjit Singh Bakshi (HUF) & Anr. – Section 158BD Jurisdiction Invalid Without Satisfaction Note | Delhi High Court
Facts of the Case
The case arises from a search and seizure operation under
Section 132.
Proceedings were initiated against the assessee under Section
158BD based on documents allegedly seized from a thi...
Principal Commissioner of Income Tax (Central)-2 vs. Victory Apartments Pvt. Ltd. & Connected Matters (Delhi High Court) – Section 153C Proceedings Invalid in Absence of Incriminating Material
Facts of the
Case
A search under Section 132 was conducted on individuals (directors
of the assessee companies).
Proceedings under Section 153C were initiated against the
respondent companies.
The Co...