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Commissioner of Income Tax, Central-II vs Home Developers Pvt. Ltd. | Delhi High Court on Penalty under Sections 269SS, 271D & Cash Transaction Allegations Based on Loose Papers
Facts of the
CaseA search and seizure operation was conducted under
Section 132 of the Income Tax Act wherein certain loose papers and documents
were recovered from Shri Yogesh Gupta and other connected premises. Duri...
Commissioner of Income Tax-XIII vs Hitesh Bansal – Section 40A(3) Disallowance on Cash Payments, Commercial Expediency & Aggregation of Cash Transactions | Delhi High Court
Facts of the
CaseThe Revenue filed an appeal before the Delhi High
Court against the order dated 9 May 2014 passed by the Income Tax Appellate
Tribunal for Assessment Year 2008-09. The respondent-assessee, Hitesh Bans...
Commissioner of Income Tax-VI vs Tupperware India Pvt. Ltd. | Delhi High Court | Allowability of Mould Hire Charges under Section 37(1) of Income Tax Act | Obsolete Stock Valuation | ITA 787/2014, 788/2014 & 791/2014
Facts of the CaseThe Revenue filed
appeals for Assessment Years 2006-07, 2007-08 and 2008-09 challenging the
allowability of expenditure incurred by Tupperware India Pvt. Ltd. towards hire
charges paid for plastic mou...
Commissioner of Income Tax-VIII vs. Naresh Kumar Jaggi | Penalty under Section 140A(3) Cannot Be Imposed Mechanically When Self-Assessment Tax Is Paid Before Show Cause Notice
Facts of the CaseThe assessee filed
the return of income for Assessment Year 2009-10 declaring income of Rs.
6,23,36,790/-. After adjustment of advance tax already paid, self-assessment
tax amounting to Rs. 1,26,46,87...
Commissioner of Income Tax, Delhi-IV vs M/s DCM Limited – Whether Transfer Under Scheme of Arrangement Amounts to “Transfer” Under Section 32A(5) of the Income Tax Act for Withdrawal of Investment Allowance | Delhi High Court
Facts of the
CaseM/s DCM Limited had availed investment allowance
benefits under Section 32A of the Income Tax Act during Assessment Years
1983-84 to 1990-91 in respect of machinery and industrial assets installed by
...
Commissioner of Income Tax (Central)-II vs Home Developers Pvt. Ltd. | Addition u/s 69C Deleted as Revenue Failed to Prove Cash Loan Transactions u/s 269SS & 269T of Income Tax Act
Facts of the CaseThe Revenue filed
an appeal before the Delhi High Court against the order of the Income Tax
Appellate Tribunal for Assessment Year 2004-05. A search and seizure operation
under Section 132 of the Inco...
Commissioner of Income Tax-15 vs Shri Chintoo Tomar | Delhi High Court on Reassessment under Sections 147, 148 & Exemption under Section 54 of the Income Tax Act, 1961
Facts of the CaseThe assessee had
filed return of income for Assessment Year 2007-08 declaring capital gains
arising from sale of property. Out of total capital gains of Rs. 2,69,47,709/-,
exemption of Rs. 2,55,56,885...
Commissioner of Income Tax-II vs M/s Johnson Matthey India Pvt. Ltd. – Deletion of Penalty u/s 271G for Alleged Non-Furnishing of Transfer Pricing Documentation within Prescribed Time under Sections 92D & Rule 10D of the Income Tax Act, 1961
Facts of the Case
The Transfer Pricing Officer issued notice
dated 19 March 2007 requiring furnishing of transfer pricing documentation
under Section 92D read with Rule 10D.
The assessee sought adjournmen...
Bentley Systems India Pvt. Ltd. vs Deputy Commissioner of Income Tax & Anr. | Delhi High Court on Extension of Stay Beyond 365 Days in Tax Recovery Proceedings under Article 226
Facts
of the CaseBentley
Systems India Private Limited filed an appeal before the Income Tax Appellate
Tribunal (ITAT), being aggrieved by the order passed by the Dispute Resolution
Panel dated 16.08.2013. During the...
Commissioner of Income Tax Del-III vs. Unipatch Rubber Ltd.: Deduction under Section 80-HH and Section 80-I - Clarification of Claims on Gross Income
Facts of the Case:
The dispute arises over the claim of deductions under Section 80-I and Section
80-HH of the Income Tax Act, 1961 for the assessment year 1989-90. The
respondent, Unipatch Rubber Ltd., filed a return...