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Sunil Sharma vs Income Tax Officer – Belated Notice under Section 143(2) & 142(1) of the Income Tax Act, 1961
Facts of the Case
The
Tribunal had set aside an assessment on the ground that the notice under
Section 143(2) of the Income Tax Act was served belatedly, beyond the
prescribed one-year limitation.
U...
National Financial Reporting Authority (NFRA) vs CA Nilesh Chheda (Engagement Partner, MAN Industries India Ltd.) | Audit Failure, Non-Consolidation of Subsidiary, SA Violations and 5-Year Debarment under Section 132(4) of Companies Act, 2013
Facts of the Case
MAN Industries (India) Limited is a listed company engaged in
manufacturing and export of large diameter carbon steel line pipes.
M/s Rohira Mehta & Associates (presently RMA & Co.) a...
CIT vs. A.K. Steel Pvt. Ltd.: Delhi High Court ITA No. 902/2009 Analysis – Section 143(3), Income Tax Act Matters
Facts of the Case:
The petitioner, CIT, challenged the order of the Income Tax Appellate
Tribunal (ITAT) concerning the assessment year 2005-06 for A.K. Steel Pvt.
Ltd. The dispute revolves around the alleged concealm...
National Financial Reporting Authority (NFRA) vs. CA Amit Vinay Chaturvedi (Engagement Quality Control Review Partner) – DHFL Audit FY 2017-18 | Professional Misconduct under Sections 132(4) & 143 of the Companies Act, 2013
Facts of the Case
DHFL was a listed public company engaged in housing finance
activities and was listed on both BSE and NSE.
During January 2019, media reports alleged diversion of public
funds amounting ...
Akshya Kumar vs. Income Tax Department – Delhi High Court ITA 875/2008, Penalty Dispute under Income Tax Act
Facts of the CaseThe petitioner, Akshya Kumar, challenged the imposition of a
penalty by the Income Tax Department under the provisions of the Income Tax
Act. The dispute arose in the context of ITA 875/2008, where the...
Sharma vs State of Delhi: Analysis under Section 138 Negotiable Instruments Act – Key Case Law and Court Findings
Facts of the Case:In this matter, the petitioner, Sharma, filed a
complaint against the respondent, State of Delhi, under Section 138
of the Negotiable Instruments Act, 1881, alleging dishonor of cheque issued
for a l...
CIT vs Khandelwal Construction Co. – Delhi High Court 2011 | ITA No. 136/2009 | Section 37 of Income Tax Act
Facts of the Case:The appellant, CIT (Commissioner of Income Tax),
challenged the order of the Income Tax Appellate Tribunal (ITAT) that allowed
certain deductions claimed by the respondent, Khandelwal Construction Co....
NFRA vs CA Jignesh Mehta (Auditor of DHFL) | Professional Misconduct in Statutory Audit of Dewan Housing Finance Corporation Ltd. under Section 132(4) of the Companies Act, 2013
Facts of the CaseThe National Financial Reporting Authority (NFRA) initiated
proceedings against CA Jignesh Mehta, Engagement Partner (EP) of M/s C&S
LLP, who conducted the statutory audit of Dewan Housing Finance ...
Commissioner of Icome Tax vs Ankitech Pvt. Ltd. & Connected Appeals | Delhi High Court on Deemed Dividend under Section 2(22)(e) of the Income-tax Act, 1961
Facts of the CaseThe appeals before the Delhi High Court involved a common
question concerning the interpretation of Section 2(22)(e) of the Income-tax
Act, 1961 relating to deemed dividend.The assessees had received l...
AREVA T&D SA vs The Asst. Director of Income Tax & Ors. | Delhi HC Case on Income Escaping Assessment & Certificate Under Section 197
Facts of the Case
The
petitioner, AREVA T&D SA, was awarded multiple contracts by Power Grid
Corporation of India Ltd. (PGCIL) for onshore and offshore supply and
services (Page 3–5).
PGCIL
...