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Beutex India Pvt. Ltd. v. Commissioner of Income Tax – Addition under Section 68 for Bogus Share Capital and Failure to Prove Identity, Creditworthiness and Genuineness | Delhi High Court
Facts of the CaseThe assessee company received share application
money aggregating to ₹27,40,600 from eight individuals. During the relevant
assessment year, an amount of ₹22,50,000 was credited towards share capit...
Nancy Crafts Ltd. vs Commissioner of Income Tax (Delhi High Court) – Reassessment Beyond Four Years Invalid Where Assessee Made Full and True Disclosure Under Sections 147, 148 and 80HHC of the Income Tax Act, 1961
Facts of the CaseNancy Crafts Ltd., engaged in the manufacture and
export of garments, filed its return of income for Assessment Year 2001-02
declaring income of ₹34,63,640.The case was selected for scrutiny and asse...
Raju Bhojwani v. Chief Commissioner of Income Tax-XI | Waiver of Interest under Sections 234B & 234C Cannot Be Claimed Merely Due to Subsequent Supreme Court Interpretation of Section 80HHC | Delhi High Court
Facts of the Case
The petitioner, sole proprietor of Reshmica Exports, filed his
return for Assessment Year 2002-03 claiming deduction under Section 80HHC.
The Revenue initiated reassessment proceedings under S...
M/s Jewellers Om Prakash & Anr. vs Chief Commissioner of Income Tax, Delhi VIII & Ors. | Waiver of Interest u/s 220(2A) Income Tax Act Allowed Due to Departmental Delay and Wrongful Retention of Seized Jewellery
Facts of the CaseThe petitioners, a partnership firm engaged in
jewellery business and one of its partners, challenged the orders passed by the
Chief Commissioner of Income Tax rejecting their application for waiver of...
Commissioner of Income Tax vs Lord Buildcons Pvt. Ltd. | Valuation of Closing Stock (Work-in-Progress) in Real Estate Projects – Section 145 of the Income Tax Act | Delhi High Court
Facts of the CaseThe assessee was engaged in the business of
construction and sale of residential properties. During the relevant assessment
year, it purchased the ground floor of an existing building constructed on a
...
Commissioner of Income Tax vs Divya Jewellers Pvt. Ltd. (2011) – Delhi High Court on Territorial Jurisdiction for Challenge to ITAT Order under Section 254 of the Income Tax Act
Facts of the Case
The Commissioner of Income Tax (Revenue) challenged an order dated
27.08.2010 passed by the Income Tax Appellate Tribunal under Section 254
of the Income Tax Act, 1961.
The impugned orde...
Commissioner of Income Tax v. Assessee (Name Not Reflected in Available Order) – Whether CIT(A)/Tribunal Was Justified in Remanding the Matter to the Assessing Officer for Decision on Merits | Delhi High Court | ITA No. 572/2009
Facts of the CaseThe appeal related to Assessment Year 2001-02.
During the hearing, it was brought to the notice of the Court on behalf of the
assessee that, pursuant to a Special Bench decision dated 19.09.2008 passed...
Commissioner of Income Tax v. Assessee (Name Not Mentioned) – Validity of Service of Notice under Section 143(2) of the Income-tax Act, 1961 | Delhi High Court
Facts of the Case
The assessee filed the return of income for Assessment Year 1994-95
on 31.10.1994 declaring income of Rs. 2,54,510/-.
A notice under Section 143(2) dated 13.03.1995 was issued by the
Rev...
Commissioner of Income Tax vs. Assessee Company – Section 68 Addition on NRI Share Capital Investment Remanded for Fresh Inquiry | Delhi High Court
Facts of the Case
The assessment pertained to Assessment Year 2005-06.
The Assessing Officer made an addition of ₹50 lakh under Section 68
of the Income-tax Act.
The addition related to investment made in t...
Commissioner of Income Tax vs Assessee (ITA No. 546/2011) | Delhi High Court Upholds Dismissal of Revenue Appeal Due to 473 Days' Delay in Re-filing and Low Tax Effect
Facts of the CaseThe Revenue filed an appeal before the Delhi High
Court along with an application seeking condonation of delay. There was a
substantial delay of 473 days in re-filing the appeal.The explanation offered...