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AGR Investment Ltd. vs. Addl. Commissioner of Income Tax & Another (2011) – Reassessment under Sections 147 & 148 Based on Accommodation Entries | Delhi High Court
Facts of the CaseThe petitioner, AGR Investment Ltd., filed a writ petition
under Article 226 of the Constitution challenging the notice dated 25 February
2010 issued under Section 148 of the Income Tax Act for Assessm...
Commissioner of Income Tax v. Assessee – Taxability of Remission of Interest under Section 41(1) and Carry Forward of Business Losses Beyond Eight Years | Delhi High Court
Facts of the Case
The
Assessing Officer (AO) disallowed a deduction of ₹13,98,888 claimed
by the assessee arising out of remission of interest income.
The
Commissioner of Income Tax (Appeals) [CIT...
Detailed Analysis: Judicial Approach to Infructuous Writ Petitions in Tax Litigation
Facts of the CaseThe petitioner initiated legal
proceedings by filing three separate writ petitions, namely WP (C) No.
8282/2009, WP (C) No. 8338/2009, and WP (C) No. 8339/2009, before the Delhi
High Court. The ...
VLS Finance Ltd. & Others vs Assistant Commissioner of Income Tax & Another (2011) – Provisional Attachment of Refunds under Section 281B of the Income Tax Act
Facts of the CaseThe petitioners, VLS Finance Ltd. and others, were assessed
under Section 143(3) of the Income Tax Act, 1961 for Assessment Years 1998-99,
1999-2000, and 2000-01. Assessment orders were passed on 31 Ma...
Detailed Legal Analysis: Withdrawal of Writ Petitions Following Favorable Appellate Orders
Facts of the CaseThe petitioner had initiated a series of legal challenges
against the revenue authorities by filing multiple writ petitions before the
Hon’ble Delhi High Court, specifically WP (C) No. 8282/2009, 833...
Limitation for Proceedings under Section 201/201(1A): Twenty First Century Finance Ltd. vs. CIT (Delhi High Court)
Facts
of the CaseThe appellant, Twenty First Century
Finance Ltd., underwent a search operation under Section 132 of the Income Tax
Act, 1961, on February 26, 1997. During this process, documents were seized
indicati...
Director of Income Tax (Exemption) vs. Charitable Society (Registration under Sections 12A & 80G Cannot Be Denied Merely Due to Low Expenditure on Charitable Activities) | Delhi High Court
Facts of the CaseThe Director of Income Tax (Exemption) refused registration to
the respondent society under Section 12A and approval under Section 80G of the
Income-tax Act, 1961. The refusal was based on the ground t...
Commissioner of Income Tax vs. Citicorp Maruti Finance Ltd.
Facts
of the Case·
The respondent assessee is a
Non-Banking Financial Company (NBFC) engaged in the business of money lending
and providing finance for automobiles und...
Director of Income Tax (Exemption) vs. Charitable Society – Registration under Sections 12A & 80G Cannot Be Denied Merely Due to Nominal Expenditure | Delhi High Court
Facts of the CaseThe Director of Income Tax (Exemption) refused registration to
the respondent society under Section 12A and denied approval under Section 80G
of the Income-tax Act, 1961. The rejection was based on the...
Income Tax Officer vs. M/s Delhi Iron Works (P) Ltd. & Ors.: Prosecution of Directors under Section 276-B
Facts
of the Case·
The petitioner filed complaints before
the ACMM seeking to summon, try, and punish the respondents under Section 276-B
of the Income Tax Act, 1961. ...