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Commissioner of Income Tax vs HPS Social Welfare Foundation – Exemption under Sections 11 & 12 Cannot Be Denied Without Proving Violation of Section 13 of the Income-tax Act, 1961 | Delhi High Court
Facts of the
CaseHPS Social Welfare Foundation
was established with charitable objectives including providing educational
assistance such as fees, books, equipment, and scholarships to needy students,
assisting menta...
Director of Income Tax (Exemption) vs. Dharamshila Cancer Foundation and Research Centre: Eligibility of Exemptions Under Sections 11 and 12 of the Income Tax Act, 1961 for Hospitals Alleged to Operate on Commercial Lines
Facts of the CaseThe Revenue (Appellant) filed an appeal under Section 260A of
the Income Tax Act, 1961, challenging an order dated May 14, 2009, passed by
the Income Tax Appellate Tribunal (ITAT) in ITA No. 1223/Del/2...
Commissioner of Income Tax vs. Taruna Auto Pvt. Ltd.: Deletion of Section 68 Unexplained Cash Credits Regarding Share Application Money When Identity, PAN, and Investor Details Are Discharged – Relying on CIT vs. Lovely Exports (P) Ltd.
Facts of the Case
The
Revenue filed an appeal under Section 260A of the Income Tax Act, 1961,
challenging the order dated June 19, 2009, passed by the Income Tax
Appellate Tribunal (ITAT) in ITA No. 1...
Director of Income Tax (Exemption) v. PRADAN Property Holding Trust [2010] 2010:DHC:4041-DB (Delhi High Court)
Facts of the CaseProfessional Assistance for Development Action
(PRADAN), a charitable society registered under the Societies Registration Act,
established PRADAN Property Holding Trust through a registered Trust
Deed...
Judicial Review of Property Acquisition Under Chapter XX-A: Commissioner of Income Tax v. M/s. Green Valley Agro Mills Ltd. — High Court Affirmation That 'Reason to Believe' Cannot Rely on Theoretical Multipliers or General Perceptions Devoid of Tangible Material Under Section 269C of the Income-tax Act, 1961
Facts of the Case
Property
Transaction: The respondent, M/s. Green Valley Agro
Mills Ltd., purchased an immovable property bearing No. L-7, Green Park
Extension, New Delhi, from M/s. Shebang Private L...
Director of Income Tax (Exemptions) vs. Manav Bharti Institute of Child Education & Child Psychology (2010) – Section 11 Exemption Cannot Be Denied Unless Payments to Specified Persons Are Proven Excessive Under Section 13(1)(c) of the Income Tax Act
Facts of the
CaseThe assessee, Manav Bharti Institute of Child
Education & Child Psychology, was a charitable educational institution
claiming exemption under Section 11 of the Income Tax Act.During assessment pro...
Commissioner of Income Tax vs. Smt. Chander Kanta Dua (With Sh. Sham Sarup Dua & B.R. Towers Pvt. Ltd.) | Quashing of Property Acquisition Proceedings Under Section 269C of Income Tax Act, 1961: High Court Validates Distress Sale and Rejects Flat Valuation Differences in Exchange Transactions Absent Dual-Property Fair Market Value Assessment
Facts of the Case
The
Competent Authority initiated acquisition proceedings under Chapter XXA of
the Income-Tax Act, 1961, regarding Property No. $16/78$, Punjabi Bagh,
New Delhi.
An
acquisit...
The Commissioner of Income Tax vs. Mesco Airlines Ltd. (with CIT vs. Natasha Singh) | Deletion of Mandatory Interest Under Section 158BFA(1) During Search Assessment – Delay in Supplying Seized Documents by Department vs. Assessee’s Laches under Section 158BC
Facts of the Case
Search
Operations: Search and seizure actions under Section 132
were executed on the assessee's premises on February 26, 1997, March 5,
1997, and March 20, 1997.
Statutory
N...
Director of Income Tax vs. Help Age India (Delhi High Court) – Exemption under Sections 11 & 12 Cannot Be Denied Merely Because Charitable Trust Received Shares as Donation in Kind | Section 13(1)(d)(iii) Interpretation
Facts of the
CaseThe assessee, Help Age India, a charitable
institution, filed its return for Assessment Year 2005-06 along with the audit
report under Section 12A(b) of the Income-tax Act. During scrutiny assessment,...
Commissioner of Income Tax vs. M/s Eicher Limited: Delhi High Court Ruling on the Invalidity of Section 147/148 Reassessment Proceedings Initiated on a Mere Change of Opinion and the Non-Sustainability of Defective Secondary Grounds
Facts of the Case
The
respondent-assessee, M/s Eicher Limited, filed its return of income for
the Assessment Year 1999–2000, declaring an income under Section 115JA.
The
assessment was initially ...