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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
...
"The Commissioner of Income Tax XIII vs Manoj Bansal, Radhey Shyam Bansal & Sukesh Kumar Gupta - ITA Nos. 578/2008, 582/2008, 583/2008: Interpretation of Section 158BD and Satisfaction Note Requirement under the Income Tax Act"
Facts of the Case:
A search was conducted at the premises of Sh. Manoj Aggarwal on
August 3, 2000, leading to the seizure of several documents. The Revenue
initiated proceedings under Section 158BB of...
Commissioner of Income Tax-XIII vs. Suresh Kumar Gupta | Delhi High Court | ITA No. 583/2008 | Scope of Income Tax Assessment and Connected Findings under the Income-tax Act
Facts of the Case
The Revenue preferred an appeal before the
Delhi High Court challenging findings relating to the assessee under the
Income-tax Act.
The matter formed part of a group of connected
...
Commissioner of Income Tax vs Alka Bhandari & Ashok Kumar & Sons HUF – Section 158BD Income Tax Act | Validity of Satisfaction Note and Limitation for Block Assessment Proceedings
Facts of the CaseA search operation was conducted on Shri Manoj Aggarwal on
03.08.2000. Following the search, assessment proceedings were initiated against
him and completed by the Assessing Officer on 29.08.2002.Durin...
Commissioner of Income Tax vs. Alka Bhandari & Ashok Kumar & Sons HUF – Validity of Satisfaction Note under Section 158BD of the Income Tax Act and Limitation for Issuance of Notice in Block Assessment Proceedings
Facts of the CaseA search operation was conducted against Shri Manoj
Aggarwal on 03.08.2000. Following the search proceedings, notices
were issued and block assessment proceedings against the searched person were
comp...
Commissioner of Income Tax vs V.K. Narang HUF – Validity of Notice under Section 158BD and Timeliness of Satisfaction Note in Block Assessment Proceedings | Delhi High Court
Facts of the CaseSearch and seizure operations were conducted on 17.12.1999 at
the premises of Shri V.K. Narang. During the course of search proceedings,
certain materials were recovered indicating possible undisclosed...
The Commissioner of Income Tax vs. Bharat Bhushan Jain: Sine Qua Non Status of Satisfaction Notes in Section 158BD Third-Party Block Assessments
Facts of the Case
A
search operation was conducted on a searched group/person (Manoj Aggarwal)
on August 3, 2000.
The
block assessment proceedings for the searched person were completed on August
...
Commissioner of Income Tax vs. Home Developers Pvt. Ltd.: Adjudicating the Scope of Assessment and Penalties Under Section 153A
Facts of
the Case
Search
and Seizure Operations: On March 28, 2006, the
Revenue Department executed a targeted search and seizure operation under
the Income Tax Act, 1961, focusing on the resid...
Director of Income Tax (International Taxation) vs. GE Energy Parts Inc.: Exclusion of Section 234B Interest on Non-Resident Income Covered under Statutory TDS Obligation
Facts of the CaseThe General Electric (GE) group, consisting of multiple
foreign entities ("the Assessees"), was engaged in manufacturing
equipment relating to oil and gas, energy, transportation, and aviation for
sup...
DIRECTOR OF INCOME TAX INTERNATIONAL TAXATION vs. M/S GE PACKAGED POWER INC. & CONNECTED MATTERS Section 209(1)(d)
Facts of the Case
Corporate
Profile: The respondents consist of a batch of eight
distinct foreign corporate entities belonging to the General Electric (GE)
Group, including GE Packaged Power Inc., GE ...