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Commissioner of Income Tax, Delhi-XVII vs Hindustan Coca Cola Beverages (P) Ltd. – Scope of Rectification under Section 254(2) and Recall of ITAT Order in TDS Default Proceedings under Sections 201(1), 201(1A), 194-I & 194C of the Income-tax Act, 1961
Facts of the CaseThe Assessing Officer passed an order under
Sections 201(1) and 201(1A) holding Hindustan Coca Cola Beverages (P) Ltd. to
be an assessee in default for failure to deduct tax at source on warehousing
c...
Commissioner of Income Tax vs M/s Breakout Overseas Pvt. Ltd. – Penalty under Section 271(1)(c) on Assessed Loss Cases after Explanation 4 to Section 271(1)(c)
Facts of the
CaseThe Revenue challenged the order of the Income Tax
Appellate Tribunal deleting the penalty imposed upon the assessee under Section
271(1)(c) of the Income-tax Act, 1961. The Tribunal had deleted the p...
Commissioner of Income TaxCommissioner of Income Tax versus Shri Kapil Dev Delhi High Court Judgment on Validity of Reassessment under Section 147 ITA 1563 2006 versus Assessee Delhi High Court Dismissal of Appeal due to Low Tax Effect ITA 978 2008
Facts of the CaseThe Revenue filed an appeal against the Income Tax Appellate
Tribunal order concerning the assessment year 1991 92 for the assessee Shri
Kapil Dev. The core of the dispute involved the initiation of re...
Commissioner of Income Tax vs Pearls Intercontinental Ltd. – Penalty under Section 271(1)(c) on Assessed Loss Income and Applicability of Explanation 4 to Section 271(1)(c) | Delhi High Court
Facts of the CaseThe Revenue challenged the order of the Income Tax
Appellate Tribunal deleting the penalty imposed upon Pearls Intercontinental
Ltd. under Section 271(1)(c) of the Income Tax Act, 1961.The Tribunal had...
Commissioner of Income Tax, Delhi-VI vs Honda Siel Power Products Ltd. (Formerly Hero Honda Power Equipments Ltd.) – Section 254(2) of the Income-tax Act, 1961 | Scope of ITAT's Rectification Power vis-à-vis Review of Order
Facts of the CaseThe Revenue challenged the order of the Income Tax
Appellate Tribunal (ITAT) dated 10.09.2003 whereby the Tribunal allowed the
assessee's application under Section 254(2) of the Income-tax Act, 1961 an...
Commissioner of Income Tax vs General Exports & Credits Ltd. | Section 68 Share Capital Addition, Identity, Creditworthiness & Genuineness of Share Subscribers
Facts of the
CaseThe assessee, General Exports & Credits Ltd.,
had received share capital and share application money amounting to
₹1,00,18,500 through a rights issue. The Assessing Officer treated the amount
a...
M/s Sahara India Financial Corporation Ltd. & M/s Sahara India (Firm) v. Commissioner of Income Tax & Anr. – Validity of Special Audit under Section 142(2A) of the Income-tax Act, 1961 and Scope of Natural Justice
Facts of the CaseThe petitioners, M/s
Sahara India Financial Corporation Ltd. and M/s Sahara India (Firm),
challenged similar orders dated 14 March 2006 passed by the Assistant
Commissioner of Income Tax directing a s...
Commissioner of Income Tax vs M/s Nikita Leasing & Finance – Penalty under Section 271(1)(c) in Cases of Assessed Loss | Delhi High Court
Facts of the
CaseThe Revenue filed an appeal before the Delhi High
Court challenging the order of the Income Tax Appellate Tribunal deleting the
penalty imposed upon the assessee under Section 271(1)(c) of the Income-...
John Tinson & Company (P) Ltd. & Ors. vs Commissioner of Income Tax, Delhi & Ors. – Annual Letting Value, Standard Rent and Sections 22 & 23 of the Income-tax Act, 1961 | Delhi High Court (2006)
Facts of the
CaseThe assessees, John Tinson & Company (P) Ltd.
and others, owned properties that had been let out to tenants. The Assessing
Officer (AO) did not accept the rental income disclosed by the assessees,...
Commissioner of Income Tax versus Shri Kapil Dev: Judicial Remand Due to Factual Error in Assessment Order Interpretation under Section 147 of the Income Tax Act 1961
Facts of the CaseThe Income Tax Appellate Tribunal had issued a common order
covering three assessment years: 1991 92, 1992 93, and 1993 94. In its order,
the Tribunal recorded that assessments for all three years had ...