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Commissioner of Income Tax vs Gauri Shankar Aggarwal & Connected Assessees – Delhi High Court on Section 68 Accommodation Entries, Unexplained Cash Credits and Burden of Proof (ITA Nos. 669/2009 to 1326/2010)
Facts of the Case:
The case pertains to several Income Tax Appeals (ITA Nos. 669/2009, 670/2009,
711/2009, 1075/2009, 1318/2009, 196/2010, 198/2010, etc.) filed by the
Commissioner of Income Tax (CIT) challenging vari...
Director of Income Tax (International Taxation) vs GE Engine Services Distribution LLC – Delhi High Court | Sections 9(1)(vii), 44BB & Permanent Establishment Issues under Income Tax Act
Facts of the CaseThe appeals were filed by the Director of Income Tax
(International Taxation) against various GE group entities, including GE Engine
Services Distribution LLC, concerning the taxability of receipts ear...
The Commissioner of Income Tax vs. Anil Kumar Bansal & Others (2015) - Case Law on Income Tax Disputes: ITA Nos. 669/2009, 670/2009, 711/2009, 1075/2009, etc.
Facts of the Case:
The case involves multiple appeals filed by the Commissioner of Income Tax
(CIT) against various respondents, including Anil Kumar Bansal, Sadhu Ram
Aggarwal, Sunil Jain, and others. These appeals w...
Commissioner of Income Tax vs Anil Kumar Bansal & Connected Assessees | Delhi High Court on Addition of Accommodation Entries and Burden of Proof under Income Tax Act Section 68
Facts of the
Case:In these connected appeals, the central issue
revolves around tax assessments made by the Commissioner of Income Tax (CIT)
for the assessment years in question. The appellants (CIT) have filed appeal...
Niagara Hotels & Builders (P) Ltd. v. Commissioner of Income Tax (Income Tax Appeal under Section 260-A of the Income Tax Act, 1961, regarding the classification of rental income from terrace roof space for mounting space antenna: "Income from House Property" vs. "Income from Other Sources")
Niagara Hotels & Builders (P) Ltd. v.
Commissioner of Income Tax (Income Tax Appeal under Section 260-A of the Income
Tax Act, 1961, regarding the classification of rental income from terrace roof
space for mounti...
Nartel Networks India International Inc. vs Deputy Director of Income Tax: Writ Jurisdiction Under Article 226 for Extension of Income Tax Stay Beyond the 365-Day Statutory Limit
Facts of the Case
Appellate
Background: The petitioner, Nartel Networks India
International Inc., preferred an appeal designated as ITA
No.1087/Del/2014 before the Income Tax Appellate Tribunal (ITAT)...
The Commissioner of Income Tax vs. Anil Kumar Bansal & Others - ITA Nos. 669/2009 to 1326/2010 - Income Tax Disputes and Court's Ruling on Appellants and Respondents
Facts of the Case:The case involves multiple income tax appeals (ITA Nos. 669/2009 to 1326/2010)
between the Commissioner of Income Tax (CIT) as the appellant and
various respondents, including Anil Kumar Bansal, Sadhu...
Canon India Private Limited vs. Deputy Commissioner of Income Tax: High Court Intervention Under Article 226 Overriding the Statutory 365-Day ITAT Stay Limitation
Facts of the Case
Appeal
Filed: The petitioner, Canon India Private Limited,
filed an appeal (ITA No. 1442/Del/2014) before the Income Tax Appellate
Tribunal (ITAT) challenging an assessment order pas...
Commissioner of Income Tax-I vs. M/s Cotton Naturals (I) Pvt. Ltd. | Arm's Length Interest Rate Determination under Section 92C of Income Tax Act – Delhi High Court Rules LIBOR/International Rates Applicable for Foreign Currency Loans to Associated Enterprises Over Domestic Prime Lending Rate (PLR).
Facts of the Case
The
Assessee: The respondent-assessee, M/s Cotton
Naturals (I) Pvt. Ltd., is an Indian company engaged in manufacturing and
exporting rider apparel (such as riding jackets, boots, an...
The Commissioner of Income Tax Delhi-IV v. Daikin Air-Conditioning India Pvt. Ltd. (Under Section 260A of the Income Tax Act, 1961)
Facts of the Case
Assessee's
Income Profile: For the Assessment Year (AY) 2005-06, the
respondent-assessee reported a business income of ₹81,772,968/-.
Acquisition
History: The assessee had acqui...