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Commissioner of Income Tax (Central)-I vs. R.J. Corp Ltd. – Analysis of ‘Urban Land’ Exclusion under Section 2(ea) of the Wealth Tax Act
Facts of the CaseThe Revenue (Petitioner) appealed against the Income Tax
Appellate Tribunal (ITAT) order dated September 1, 2014, concerning Assessment
Year (AY) 2004-05. The Assessing Officer (AO) had added Rs. 4,31,...
Commissioner of Income Tax-1 vs. Ansal Land Mark Township (P) Ltd.: A Comprehensive Legal Analysis on the Retrospective Applicability of the Second Proviso to Section 40(a)(ia) of the Income Tax Act
Facts of the CaseDuring the relevant assessment years, the Respondent, Ansal
Land Mark Township (P) Ltd., made payments to Ansal Properties and
Infrastructure Ltd. (APIL). The Assessing Officer initiated proceedings,
...
"Scope and Limitations of Block Assessment under Section 158BC of the Income Tax Act: A Case Analysis of Vishwadharmayatan Trust & Anr. vs. ACIT"
Facts of the CaseThe case pertains to the block assessment period from 1st
April 1986 to 1st November 1996, following a search operation conducted by the
Income Tax Department on 1st November 1996 at the premises of Vi...
Commissioner of Income Tax (Central)-III vs. Kabul Chawla: Scope of Section 153A Assessment and the Absolute Requirement of Incriminating Material for Completed Assessment Years
1. Facts of the Case
Search
Operations: A search and seizure operation under Section
132 of the Income Tax Act, 1961, was carried out on November 15, 2007,
targeting BPTP Ltd. (a prominent real estate...
PCIT vs. Smt. Kusum Gupta: Deletion of Search Additions under Section 153A in the Absence of Incriminating Material
Facts of the Case
Search
Operations: A search operation was conducted on February
7, 2007, under Section 132 of the Income Tax Act, 1961.
Issuance
of Notices: Following the search, notices were
...
Section 260A Income Tax Act Appeal: Principal Commissioner of Income Tax v. Rajiv Gupta
Facts of the CaseThe Appellant, the Principal Commissioner of Income Tax
(Revenue Authorities), preferred two independent statutory income tax appeals
designated as ITA No. 413/2015 and ITA No. 445/2015 before the High...
Cheminvest Limited vs. Commissioner of Income Tax-VI: Constitutional and Statutory Boundaries of Disallowance under Section 14A
Facts of the Case
Assessee's
Business: The Appellant (Assessee) is engaged in the
business of making investments in shares and accepting or granting loans.
The Assessee is also a co-promoter of Max In...
Pr. Commissioner of Income Tax-15 vs. Shri Prem Prakash Garg ### Substantive vs. Protective Assessment under Section 147/148 of the Income-tax Act, 1961
Facts of the Case
The
Investigation: The Income Tax Department reopened
assessments based on specific information that an individual, Mr. Sanjay
Kumar Garg, was operating an entry-providing racket inv...
Fast Booking (I) Pvt. Ltd. Vs. DCIT: Scope of ITAT Powers under Section 254 to Admit Alternative Claims under Section 10A
Facts of the Case
Assessee
Background: The Appellant Assessee is engaged in the
business of software development and operates as a 100% Export Oriented
Unit (EOU) registered with the Software Technolo...
Delhi HC Case Law: Commissioner of Income Tax v. Atma Ram Properties P. Ltd. | Classification of Rental Income & Capital Gains under Sections 22, 28, 45, and 260A of the Income Tax Act, 1961
Facts of the CaseA batch of ten appeals was filed before the Delhi High Court
under Section 260A of the Income Tax Act, 1961, challenging various orders
passed by the Income Tax Appellate Tribunal (ITAT). Out of these ...