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Commissioner of Income Tax vs. M/s Pratap Steel Rolling Mills & Anr. | Delhi High Court | Rule 23A Delhi Sales Tax Rules – Tribunal Cannot Decide Validity of Statutory Rules
Facts of the CaseM/s Pratap Steel Rolling Mills was engaged in the
business of manufacturing and selling iron and steel products. The assessee
purchased iron scrap from registered dealers against declarations furnished...
The Commissioner of Income Tax (Central-II) v. Sudhir Thakran: Legal Validity of Consequential Assessment Orders and the Automatic Quashing of Proceedings When the Foundational Revisionary Order Under Section 263 of the Income Tax Act, 1961 is Set Aside by the High Court
Facts of the Case
A
search and seizure operation was conducted against the assessee (Sudhir
Thakran), following which a block assessment order under Section 158BC was
passed by the Assessing Officer (...
Commissioner of Income Tax-XIII vs Sierra Industrial Enterprises Pvt. Ltd. | Delhi High Court Holds Royalty Paid for Use of Nike Trademark and Technical Information as Revenue Expenditure Under Section 37 of the Income Tax Act, 1961
Facts of the CaseSierra Industrial Enterprises Pvt. Ltd. entered
into a licensing agreement with Nike International Limited for sourcing,
marketing, and selling Nike-branded footwear and apparel in India.Under the agre...
Commissioner of Income Tax vs. Kanchan Bhalla & Gautam Bhalla (2010) – VDIS 1997 Jewellery Declaration Cannot Be Rejected Merely Because Jewellery Was Not Found in Earlier Searches | Delhi High Court
Facts of the
Case
The Assessing Officer made additions of Rs. 9,34,215/- and Rs.
8,20,410/- in the cases of Kanchan Bhalla and Gautam Bhalla respectively.
The additions were made on the allegation that the ass...
Commissioner of Income Tax vs. Kanchan Bhalla & Gautam Bhalla (Delhi High Court) – VDIS 1997 Jewellery Declaration Cannot Be Rejected Merely Because Jewellery Was Not Found in Earlier Searches | Sections 69 & 260A of the Income-tax Act, 1961
Facts of the
Case
Search and seizure proceedings were conducted in relation to the
Bhalla family.
Jewellery was found from the residence and lockers of the
assessees.
The assessees explained the source...
Commissioner of Income Tax v. Mesco Airlines Ltd. (with CIT Central v. Natasha Singh) | Liability of Interest Under Section 158BFA(1) on Block Assessment Returns Delayed Due to Non-Supply of Seized Documents by the Income Tax Department
Facts of the Case
Search
and Seizure: Search and seizure operations under Section
132 of the Income Tax Act, 1961, were carried out at the premises of the
assessee on 26.02.1997, 05.03.1997, and 20.03...
Commissioner of Income Tax vs. Dalmia Finance Ltd. | Delhi High Court | Section 41(1) of the Income-tax Act, 1961 – Mere Old Outstanding Liabilities Do Not Constitute Remission or Cessation of Liability
Facts of the Case
The assessee, M/s Dalmia Finance Ltd., had reflected certain
outstanding sundry creditors and provisions in its books of account.
During assessment proceedings for Assessment Year 2004-05, the...
Commissioner of Income Tax-IV vs. M/s DCM Technologies Limited (2010) – Software Development Expenditure Held as Revenue Expenditure | Section 37(1) & Section 260A of the Income Tax Act, 1961
Facts of the
CaseThe assessee, M/s DCM Technologies Limited, was
engaged in the business of software development and export. For Assessment Year
2002-03, it filed its return declaring a loss and claimed expenditure of...
Commissioner of Income Tax-XIII vs. Prayag Hospital & Research: Deletion of Section 68 Addition for Bogus Share Capital and Onus of Proving Identity of Share Applicants—Delhi High Court Ruling Follows Supreme Court Precedent in CIT vs. Lovely Exports
Facts of the Case
The
Appellant (Revenue / Commissioner of Income Tax-XIII) filed an appeal
under Section 260A challenging the order dated December 5, 2008, passed by
the Income Tax Appellate Tribunal...
Commissioner of Income Tax vs. M/s Garg & Puri Alias Garg & Puri Associates | Delhi High Court Dismisses Revenue Appeal Following Hotel Blue Moon Principle
Facts of the
Case
The Commissioner of Income Tax preferred Income Tax Appeals Nos.
825/2010 and 868/2010 before the Delhi High Court.
The respondent in both appeals was M/s Garg & Puri Alias Garg
&am...