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Commissioner of Income Tax, IV vs. M/s. Hindustan Coca Cola Marketing Co. Pvt. Ltd. (and M/s. Hindustan Coca Cola Beverages Pvt. Ltd.) – Section 263 Revisional Powers Cannot Be Invoked Merely Due to a Difference of Opinion
Facts of the CaseThe Assessing Officer (AO) passed assessment orders for two
assessment years concerning the assessees (M/s. Hindustan Coca Cola Marketing
Co. Pvt. Ltd. and M/s. Hindustan Coca Cola Beverages Pvt. Ltd.)...
Commissioner of Income Tax vs. M/s. Hindustan Coca Cola Marketing Co. Pvt. Ltd. & Ors.: Scope of Revisionary Power under Section 263 of Income Tax Act, 1961
Facts of the CaseThe dispute arose from assessment orders passed by the
Assessing Officer (AO) regarding two separate assessment years for the sister
concerns, M/s. Hindustan Coca Cola Marketing Co. Pvt. Ltd. and M/s. ...
Commissioner of Income Tax vs. Mahindra Finlease P. Ltd. | Validity of Protective Assessment under Section 158BC and Section 158BD
Facts of the Case
A
search and seizure operation under Section 132 of the Income Tax Act was
conducted on June 20, 2000, at the residential and business premises of
Shri P.K. Sood, who was...
Commissioner of Income Tax vs. Intex Technology India Ltd. & Commissioner of Income Tax vs. Narender Bansal | Deletion of Unexplained Cash Credits Under Section 68 and Block Assessment Under Section 158BC Upheld Based on Verified Identity and Creditworthiness of Share Applicants
Facts of the CaseThe Revenue preferred two connected appeals before
the High Court of Delhi arising out of a common order passed by the Income Tax
Appellate Tribunal (ITAT) on 21.11.2008. The dispute related to the blo...
Saamag Construction Ltd. vs. Assistant Commissioner of Income Tax: Delhi High Court Ruling on Special Audit under Section 142(2A) of the Income Tax Act
Facts of the CaseThe matter involves a batch of writ petitions, including W.P.(C)
2250/2011 (Saamag Construction Ltd.), filed before the High Court of Delhi.
The petitioners sought to challenge the legality and the ini...
Miss Rooby Dhawer Vs. Deputy Commissioner of Income Tax: Evidentiary Value of Statements in Search and Seizure
Facts of the Case·
A search and seizure operation was
executed at the appellant's business and residential premises on November 2,
2004. · ...
The Central India Electric Supply Co. Ltd. vs. Income Tax Officer, Company Circle - X, New Delhi & Anr. (2011) – Validity of Re-assessment under Section 147(a) and Procedural Sanctity of Rubber-Stamped Sanctions under Section 151(1) of the Income-tax Act, 1961.
Facts of the Case
Business
& Acquisition: The appellant/assessee company was engaged in
electricity generation and supply. In 1964, its units at Bilaspur and
Katni were compulsorily acquired by th...
Commissioner of Income Tax-III vs. Schifflies India Ltd. | Remand of Assessment Order by ITAT Solely Due to Improper Representation Held Invalid under Section 260A of the Income Tax Act, 1961
Facts of the CaseThe Revenue filed an appeal before the High Court
of Delhi against the order dated 11.02.2009 passed by the Income-tax Appellate
Tribunal (ITAT) in ITA No.2300/Del/2008 for the Assessment Year (A...
Director of Income Tax (Exemptions) vs. M/s. Mool Chand Khairati Ram Trust: Limits on Cancellation of Registration under Section 12AA(3)
Facts of the CaseThe assessee, M/s. Mool Chand Khairati Ram Trust, was
established under the will of late Lala Ram Khairati Ram and was granted
registration under Section 12A of the Income Tax Act, 1961 in December 197...
Evidentiary Value of Statements under Section 133A: Commissioner of Income Tax vs. M/s. Dhingra Metal Works
Facts of the Case·
On September 14, 2004, the Income Tax
Department conducted a survey under Section 133A of the Income Tax Act, 1961,
at the respondent-assessee's busi...