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Legal Invalidity of Tax Assessments Post-Amalgamation: Commissioner of Income Tax vs. Mayank Traders (P) Ltd. Section 153A
Facts of the CaseThe respondent, Mayank Traders (P) Ltd., specialized in the
fabrication of cloth and textiles. Following a search operation conducted at
the respondent’s business premises on October 20, 2008, the As...
Commissioner of Income Tax-8 vs Sumitomo Corporation India Pvt. Ltd. – Transfer Pricing Adjustment on Indenting Segment | ALP Determination under Section 92C read with Rule 10B of the Income-tax Act
Facts of the CaseThe
assessee was engaged in facilitating import and export activities for domestic
and overseas customers through two distinct business segments:
Commission/Indenting
Business
Trading Busines...
Pr. Commissioner of Income Tax-6 vs. M/S Northern Strips Ltd.: Taxability of Sales Receipts and Accommodation Entries
Facts of the CaseFollowing a search and seizure operation under Section 132 of
the Income Tax Act, 1961, at the premises of M/s Swastik Pipes group, the
business premises of the respondent, M/s Northern Strips Ltd., we...
HCL Technologies Ltd. vs Assistant Commissioner of Income Tax
Facts of the
Case
The assessee was engaged in software development services through
Software Technology Park units located at Noida and Chennai.
During the relevant assessment year, the assessee operated 31
...
Commissioner of Income Tax vs. P.D. Associates (P) Ltd. – Adherence to Judicial Precedent in Tax Appeals (Section 260A)
Facts of the Case
The
Appellant, the Commissioner of Income Tax (Central II), initiated
appellate proceedings before the High Court of Delhi.
The
litigation encompassed two appeals, ITA 629/2015 and...
Commissioner of Income Tax (Central)-I vs Arvind Khanna & Ors. – Section 68 Income Tax Act | Burden of Proof for Genuineness of Gift Transactions and Creditworthiness of Donor (Delhi High Court)
Facts of the
CaseThe assessees received various amounts by way of
gifts from their father, Shri Vipin Khanna, during different assessment years.
The source of funds was claimed to have originated from certain foreign ...
Pr. Commissioner of Income Tax vs. Hari Shankar Khemka: Right to Cross-Examination under Section 132/147
Facts of the CaseFollowing a search action conducted on December 15, 2004,
under Section 132 of the Income Tax Act at the premises of Mr. Brij Mohan
Gupta, the Investigation Wing seized documents containing both detail...
Commissioner of Income Tax, Central-II vs M/s Navbharat Export (Delhi High Court) – Rejection of Books of Account, Gross Profit Estimation and Notional Income Addition under Sections 153A & 260A of the Income Tax Act
Facts of the CaseThe
matter arose from appeals filed by the Revenue under Section 260A of the Income
Tax Act against the order of the Income Tax Appellate Tribunal (ITAT)
concerning Assessment Year 2003-04. The assess...
Commissioner of Income Tax (Central)-I vs. Navin Khanna & Ors. | Delhi High Court | Scope of Additions in Search Assessments under Section 153A of the Income-tax Act, 1961
Facts of the
CaseA search operation under Section 132 of the
Income-tax Act was conducted against the assessees and related persons.
Consequent to the search, proceedings under Section 153A were initiated for the
rel...
Commissioner of Income Tax-20 vs Sunit Shah & Sons | Delhi High Court on Additions under Survey, Stock Valuation & Unrecorded Sales under Income Tax Act
Facts
of the CaseThe Revenue filed
appeals challenging the common order passed by the Income Tax Appellate
Tribunal (ITAT) concerning Assessment Years 2007–08 and 2008–09. The dispute
originated from survey proce...