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Pr. Commissioner of Income Tax-6, New Delhi vs Monnet Ispat & Energy Ltd. | Delhi High Court on Applicability of IBC Moratorium to Pending Income Tax Appeals under Sections 14, 238 & 7 of Insolvency and Bankruptcy Code, 2016
Facts of the
CaseThe present batch of Income Tax Appeals was filed
by the Revenue before the Delhi High Court against the order passed by the
Income Tax Appellate Tribunal (ITAT) concerning the tax liability of Monnet...
Principal Commissioner of Income Tax, Delhi-2 vs Best Infrastructure (India) Pvt. Ltd. & Connected Matters | Delhi High Court on Section 68, Section 153A & Evidentiary Value of Statements under Section 132(4) of the Income Tax Act
Facts of the CaseA search and seizure operation under Section 132
was conducted on 15 September 2008 in the cases of the Best Group of Companies
and one Tarun Goyal. During the search, loose papers and documents were s...
Juhi Dixit vs Deputy Commissioner of Income Tax & Ors. | Delhi High Court Quashes Reassessment Notices under Sections 147/148 of Income Tax Act on Absence of Tangible Material
Facts of the CaseThe Petitioners, being directors of Scan Holdings (P) Ltd., challenged
reassessment notices issued by the Assessing Officer under Section 148 for
Assessment Year 2009-10.The Revenue relied upon Tax Eva...
Bently Nevada LLC vs Commissioner of Income Tax (International Taxation), Delhi-I | Delhi High Court | Section 260A Income Tax Act | Taxability of Software Income & Attribution Between Hardware and Software Sales
Facts of the CaseBently Nevada LLC filed multiple appeals before
the Delhi High Court under Section 260A of the Income Tax Act against the order
passed by the Income Tax Appellate Tribunal dated 27.01.2017. The appella...
Pr. Commissioner of Income Tax-6, New Delhi vs Maruti Suzuki India Ltd. (Successor of Suzuki Powertrain India Ltd.) | Assessment on Non-Existent Entity after Amalgamation | Section 170(2), Section 143(3), Section 144C & Section 292B of Income Tax Act
Facts of the
CaseSuzuki Powertrain India Limited (SPIL) filed its
income tax return for Assessment Year 2011–12 declaring taxable income. The
return was processed and selected for scrutiny under the Income Tax Act. ...
Principal Commissioner of Income Tax, Delhi-2 vs Best Infrastructure (India) Pvt. Ltd. | Delhi High Court on Scope of Sections 68, 132(4) & 153A of Income Tax Act | Whether Statement Recorded During Search Alone Constitutes Incriminating Material
Facts of the
CaseA search and seizure operation was conducted on the
Best Group of Companies and on one Tarun Goyal on 15 September 2008. During the
course of search, certain loose documents (Annexures A-1, A-4 and A-...
Pr. Commissioner of Income Tax-6, New Delhi vs Monnet Ispat & Energy Ltd. | Delhi High Court on Effect of IBC Moratorium on Pending Income Tax Appeals under Sections 14, 238 & 7 of Insolvency and Bankruptcy Code, 2016
Facts of the
CaseThe Revenue Department filed multiple Income Tax
Appeals before the Delhi High Court against the order of the Income Tax
Appellate Tribunal (ITAT) concerning the tax liability of Monnet Ispat &
E...
Oriental Insurance Co. Ltd. vs Deputy Commissioner of Income Tax & Commissioner of Income Tax (LTU), New Delhi – Taxability of Profit on Sale/Redemption of Investments, Write-off of Investments & Applicability of Section 115JB to Insurance Companies | Delhi High Court
Facts of the Case
The assessee, Oriental Insurance Company Ltd., engaged in
general insurance business, filed its return for AY 2005-06 declaring a loss
and book profits under Section 115JB. During assessment procee...
Samvardhana Motherson International Ltd. vs Assistant Commissioner of Income Tax & Anr. | Delhi High Court | Reassessment u/s 147/148 Quashed on Ground of Change of Opinion | Section 14A read with Rule 8D
Facts of the CaseThe petitioner-company was engaged in strategic
investments and holding company activities through subsidiaries and investments
in various companies.For AY 2010–11 and AY 2011–12, the petitioner
d...
Pr. Commissioner of Income Tax–6, New Delhi vs Monnet Ispat & Energy Ltd. | Delhi High Court on Moratorium under Section 14 IBC and Tax Proceedings | Sections 7, 14 & 238 Insolvency and Bankruptcy Code, 2016
Facts of the
CaseThe Revenue Department filed multiple Income Tax
Appeals before the Delhi High Court challenging the order passed by the Income
Tax Appellate Tribunal concerning the tax liabilities of Monnet Ispat &a...