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Director of Income Tax (Exemptions) vs Delhi Club Ltd. – Retrospective Registration under Section 12A Allowed on Bona Fide Belief of Existing Tax Exemption | Delhi High Court
Facts of the CaseThe respondent-assessee was a Club that filed an application
for registration under Section 12A of the Income-tax Act, 1961 before the
Director of Income Tax (Exemptions) on 31.03.1999.The Director gra...
Lucent Technologies International Inc. vs Assistant Commissioner of Income Tax & Anr. | Delhi High Court | Section 143(3) of the Income Tax Act, 1961
Facts of the CaseCertain additions were made by the Assessing
Officers in different assessment years. The assessment orders were challenged
before appellate authorities and ultimately reached the Income Tax Appellate
...
Commissioner of Income Tax, Delhi-IV vs. M/s Gujarat Guardian Ltd. | Section 263 Revision Cannot Be Invoked Where Assessing Officer Has Adopted a Plausible View on Royalty Expenditure and Section 80HHC Deduction
Facts of the CaseM/s Gujarat Guardian Ltd., engaged in the manufacture and sale
of float glass, filed its return of income declaring nil income under the
normal provisions of the Act and book profits under Section 115J...
Commissioner of Income Tax vs Assessee – Revenue Appeal Dismissed Due to Low Tax Effect | Delhi High Court (ITA No. 279/2008)
Facts of the CasesThe Revenue had filed an appeal before the Delhi High Court
against the order of the Income Tax Appellate Tribunal (ITAT). The appeal had
initially been admitted ex parte by an order dated 26.09.2008....
Commissioner of Income Tax, Delhi-IV vs H.B. Stock Holdings Ltd. – Reassessment Under Section 147/148 Not Permissible on an Issue Already Decided in Favour of the Assessee
Facts of the
CaseThe assessee filed its return of income for
Assessment Year 1995-96, declaring short-term capital gains arising from the
sale of certain shares. The assessee treated such shares as investments and
ac...
Commissioner of Income Tax v. Raghav Behl | Penalty u/s 271(1)(c) Not Leviable on Bona Fide Claim Where Two Views Are Possible – Delhi High Court
Facts of the CaseThe Assessing Officer (AO), during proceedings under Section
147 of the Income-tax Act, 1961, examined the assessee's return for Assessment
Year 2002-03. The assessee had claimed expenditure amounting ...
Commissioner of Income Tax, Delhi-VIII vs Mukesh Luthra – Reassessment under Sections 147/148 Invalid in Absence of Tangible Material; Section 80HHC Export Deduction Upheld | Delhi High Court
Facts of the
CaseThe Revenue initiated reassessment proceedings
against the assessee, Mukesh Luthra, by issuing notices under Section 148 of
the Income-tax Act, 1961 for Assessment Years 1997-98, 1998-99 and 1999-2000...
Commissioner of Income Tax vs. NIIT Ltd. | Section 194-I TDS on Infrastructure Claims Paid to Franchisees – Franchise Revenue Sharing Not Rent
Facts of the CaseThe assessee, NIIT Ltd., was engaged in the business of
providing computer education and training through its own centres as well as
through franchisees operating under NIIT’s licence and brand name....
Commissioner of Income Tax vs. M/s Creative Dyeing & Printing Pvt. Ltd. – Business Advances for Commercial Purpose Not Taxable as Deemed Dividend Under Section 2(22)(e) of the Income Tax Act, 1961
Facts of the CaseM/s Creative Dyeing & Printing Pvt. Ltd. was engaged in
the business of dyeing and printing cloth and functioned as an ancillary unit
for M/s Pee Empro Exports Pvt. Ltd. for several years.Both comp...
Commissioner of Income Tax, Delhi-VIII vs. Mukesh Luthra | Reassessment under Sections 147/148 Invalid in Absence of Tangible Material – Delhi High Court
Facts of the
CaseThe Assessing Officer (AO) initiated reassessment
proceedings under Section 148 of the Income-tax Act, 1961 for Assessment Years
1997-98, 1998-99 and 1999-2000 on the ground that income had escaped
a...