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Commissioner of Income Tax (International Taxation)-2 vs LS Cable & Systems Ltd. Korea | Delhi High Court on Taxability of Offshore Supply under Section 9(1)(i) & India-Korea DTAA
Facts of the CaseLS Cable & Systems Ltd., Korea entered into contracts involving
offshore supply of equipment and materials for Indian infrastructure projects.
The supplies were manufactured, sold, and delivered ou...
Gayatri Aggarwal vs Income Tax Commissioner & Ors. | Delhi High Court on Succession Certificate for Movable Assets of Deceased Husband under Section 384 of the Indian Succession Act, 1925
Facts of the
CaseThe appellant, Gayatri Aggarwal, filed a
petition seeking issuance of a succession certificate in respect of movable
assets and securities belonging to her deceased husband, Late Shri Somesh
Aggarwal...
JCB India Ltd. vs Deputy Commissioner of Income Tax & Anr. | Delhi High Court on Mandatory Draft Assessment Order under Section 144C in Transfer Pricing Remand Proceedings
Facts of the
CaseThe petitioner, JCB India Ltd., a wholly owned
subsidiary of JC Bamford Excavators Ltd., UK, engaged in manufacturing
earth-moving and construction equipment, filed income tax returns for
Assessment ...
Pr. Commissioner of Income Tax (Central)-3 vs Dharampal Premchand Ltd. | Delhi High Court on Scope of Section 153A Assessments and Requirement of Incriminating Material for Completed Assessments under Sections 80IB/80IC of the Income Tax Act
Facts of the CaseThe assessee, Dharampal Premchand Ltd., had already undergone
regular assessments under Section 143(3) for Assessment Years 2005-06, 2006-07,
and 2007-08. Subsequently, a search under Section 132 was c...
Commissioner of Income Tax (Exemption) vs The Fertilizers Association of India – Delhi High Court Clarifies Charitable Exemption under Sections 2(15), 11 & 12 of the Income Tax Act on Seminar and Training Receipts
Facts of the
CaseThe present appeals were filed by the Revenue
challenging the orders passed by the Income Tax Appellate Tribunal (ITAT) for
Assessment Years 2010–11 and 2011–12 in the case of The Fertilizers Asso...
JCB India Ltd. vs Deputy Commissioner of Income Tax & Anr. | Delhi High Court on Mandatory Draft Assessment Order under Section 144C in Transfer Pricing Remand Proceedings (AY 2006-07, 2007-08 & 2008-09)
Facts of the
CaseThe petitioner, JCB India Ltd., a wholly owned
subsidiary of JC Bamford Excavators Ltd., UK, was engaged in manufacturing
earth-moving and construction equipment in India. For Assessment Years 2006-07...
JCB India Ltd. vs Deputy Commissioner of Income Tax & Anr. | Delhi High Court on Mandatory Draft Assessment Order under Section 144C in Transfer Pricing Remand Proceedings
Facts of the
CaseJCB India Ltd., a wholly owned subsidiary of JC
Bamford Excavators Ltd., UK, engaged in manufacturing earth-moving and
construction equipment, was subjected to transfer pricing adjustments in
respect...
Pr. Commissioner of Income Tax, Central-1 vs Sundeep Gupta – Delhi High Court Dismisses Revenue Appeal in Connected Income Tax Proceedings under the Income-tax Act, 1961
Facts of the
CaseThe present matter arose out of income tax
appellate proceedings where the Revenue challenged relief granted to the
assessee. The appeal was connected with ITA No. 967/2017, involving identical
factu...
Principal Commissioner of Income Tax (Central)–3 vs Dharampal Premchand Ltd | Section 153A r.w.s. 143(3) | No Addition Without Incriminating Material
Facts of the Case
The
appeals were filed by the Revenue against a common order of the ITAT for
AYs 2005–06, 2006–07, and 2007–08.
Original
assessments had already been completed under Section...
Principal Commissioner of Income Tax (Central)-2 vs Index Securities Pvt. Ltd. & Vidya Shankar Investment Pvt. Ltd. | Delhi High Court | Section 153C Read with Section 68 of Income Tax Act | Validity of Search Assessments in Absence of Incriminating Material
Facts of the CaseThe Income Tax Department conducted a search and seizure
operation under Section 132 on the Jagat Group and its related entities on 14
September 2010. During the course of the search, certain trial bal...