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Sandeep Kumar (HUF) Vs. The Commissioner of Income Tax, New Delhi: Onus on Assessee under Section 68 to Prove Financial Capacity of NRI Donors and Genuineness of Gifts Beyond Bank Channels
Facts of the Case
A
search and seizure operation under Section 132 of the Income Tax Act, 1961
was conducted at the residential premises of Shri Sandeep Kumar, the Karta
of the Assessee Hindu Undivide...
Shyam Gopal Charitable Trust vs Director of Income Tax Exemption – Penalty for Belated Filing of Return by Charitable Trust under Sections 139(4A), 272A(2)(e) and 273B of the Income Tax Act, 1961
Facts of the CaseThe appellant, Shyam Gopal Charitable Trust, was established
through a Trust Deed dated 03.10.1983 with the objective of running a school
for providing education to poor children residing in slum areas...
Commissioner of Income Tax vs. Goyal M.G. Gases Pvt. Ltd. | Validity of Consequential Assessment Order Beyond Prescribed/Reasonable Time Limit under Section 263 of Income Tax Act, 1961
Facts of the Case
An
assessment order was originally framed against the respondent-assessee, Goyal
M.G. Gases Pvt. Ltd., under Section 143(3) of the Income Tax Act, 1961
for the Assessment Year (AY) 1...
Commissioner of Income Tax vs. B.D. Gupta (HUF) & Legal Heirs – Reassessment of HUF Property Ownership After Family Settlement under Section 171 of the Income-tax Act, 1961
Facts of the CaseThe appeals related to the same assessee and arose from three
different orders passed by the Income Tax Appellate Tribunal covering multiple
assessment years. The Tribunal had treated its order for Ass...
Commissioner of Income Tax vs. B.D. Gupta (HUF) & Legal Heirs – Effect of Family Settlement on HUF Property Assessment and Applicability of Section 171 of the Income-tax Act, 1961
Facts of the CaseThe appeals related to the same assessee and arose from three
different orders passed by the Income Tax Appellate Tribunal covering various
assessment years. The Tribunal had treated its order for Asse...
Commissioner of Income Tax TDS vs Eli Lilly and Co India Pvt Ltd – TDS on Expatriate Salaries Received in India and Abroad under Section 192 of the Income Tax Act
Facts of the CaseThe respondent company, Eli Lilly and Co India Pvt Ltd, was a
joint venture Indian company formed through the collaboration of Eli Lilly
Netherlands B.V. and Ranbaxy Laboratories Limited. The company e...
Commissioner of Income Tax vs. B.D. Gupta (HUF) & Others – Taxability of HUF Property Share, Effect of Family Settlement and Remand to ITAT Under Section 171 of the Income-tax Act, 1961
Facts of the CaseThe appeals related to the same assessee but arose from
multiple orders passed by the Income Tax Appellate Tribunal concerning
different assessment years. The Tribunal had followed an earlier order rel...
COMMISSIONER OF INCOME TAX TDS VS ELI LILLY AND CO INDIA PRIVATE LIMITED – TDS ON SALARY PAID TO EXPATRIATE EMPLOYEES OUTSIDE INDIA UNDER SECTION 192 OF THE INCOME TAX ACT, 1961
Facts of the CaseThe respondent company, Eli Lilly and Co India Private
Limited, was a joint venture Indian company formed through collaboration
between Eli Lilly Netherlands B.V. and Ranbaxy Laboratories Limited. The
...
Commissioner of Income Tax vs. Legal Heirs of Late Shri B.D. Gupta – Fresh Adjudication of HUF Property Ownership and Family Settlement under Section 171 of the Income-tax Act, 1961
Facts of the CaseThe appeals arose from several orders passed by the Income Tax
Appellate Tribunal concerning different assessment years involving the same
assessee.The Tribunal had adopted the reasoning contained in a...
Commissioner of Income Tax vs. Legal Heirs of Late Shri B.D. Gupta – Remand of HUF Property Assessment Matter in Light of Family Settlement and Section 171 of the Income-tax Act, 1961
Facts of the CaseMultiple appeals arose from orders passed by the Income Tax
Appellate Tribunal concerning different assessment years involving the same
assessee.The Tribunal had primarily relied upon an earlier order
...