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20% Pre-Deposit Not Mandatory for Stay of Tax Demand u/s 220(6) — Delhi High Court in NASSCOM vs. DCIT (Exemption) (W.P.(C) 9310/2022)
Facts of the Case
The
petitioner, NASSCOM, challenged recovery actions arising from tax demands
for multiple assessment years.
The
final assessment for AY 2018-19 resulted in demand, against which t...
Addition on Estimated Basis Invalid Without Rejecting Books u/s 145(3) — Delhi High Court in PCIT (Central)-1 vs. Forum Sales Pvt. Ltd. (ITA 862/2019)
Facts of the Case
A
search and survey operation under Sections 132/133A was conducted on the
group to which the assessee belonged.
Pursuant
to the search, proceedings under Section 153A were initiat...
Pr. Commissioner of Income Tax-2, Delhi vs. Clix Finance India Pvt. Ltd. — Delhi High Court on Scope of Revision under Section 263 — Lack of Inquiry vs. Inadequate Inquiry — ITA 1428/2018 (01 March 2024)
Facts of the CaseThe Revenue challenged an order of the Income Tax Appellate
Tribunal which had set aside the revisionary order passed by the Principal
Commissioner of Income Tax under Section 263 of the Income-tax Act...
SFDC Ireland Limited vs. Commissioner of Income Tax — Delhi High Court on Maintainability of Writ Against Order under Section 197 of Income-tax Act — Availability of Alternate Remedy — W.P.(C) 14636/2023 (11 March 2024)
Facts of the CaseThe petitioner challenged an order passed by the Income-tax
Department relating to issuance/refusal of a certificate under Section 197 of
the Income-tax Act concerning deduction of tax at source (TDS)....
Section 14A Disallowance Cannot Be Added to MAT u/s 115JB — Delhi High Court in PCIT v. Moon Star Securities Trading & Finance Co. Pvt. Ltd. (AY 2011-12)
Facts of the Case
The
respondent-assessee filed its return for AY 2011-12 declaring nil income.
It
earned exempt dividend income and made a corresponding disallowance under
Section 14A.
The
...
Section 14A Disallowance Cannot Be Added to MAT u/s 115JB — Delhi High Court in PCIT v. Moon Star Securities Trading & Finance Co. Pvt. Ltd. (AY 2011-12)
Facts of the Case
The
respondent-assessee filed its return for AY 2011-12 declaring nil income.
It
earned exempt dividend income and made a corresponding disallowance under
Section 14A.
The
...
Delhi High Court: No Addition Without Proper Verification by Assessing Officer – Revenue Appeal Dismissed | PCIT vs Paramount Propbuild Pvt. Ltd. (ITA 247/2023)
Facts of the CaseThe dispute arose from an income tax assessment in which the Assessing
Officer (AO) made certain additions in the case of the assessee company, M/s
Paramount Propbuild Pvt. Ltd.The assessee challenged ...
Delhi High Court on Validity of Search-Based Income-Tax Proceedings: Vivek Garg vs. DCIT, Central Circle-28, Delhi & Anr. — Key Decision in ITA 52/2024 & Connected Matters (03 April 2024)
Facts of the
CaseThe petitioner, Vivek Garg, was subjected to
income-tax proceedings initiated by the authorities pursuant to search and
seizure operations conducted under the Income-tax Act, 1961. Based on material
...
Vinod Kumar Maheshwari vs DCIT (Delhi HC, 2024): Reassessment Notices Under Sections 153A/153C Quashed Beyond Statutory 10-Year Block — Landmark Ruling on Search Assessments
Facts of the CaseThe petitioner, Vinod Kumar Maheshwari, challenged notices
issued by the Income Tax Department under the provisions governing search
assessments, particularly Sections 153A and 153C of the Income Tax A...
Delhi High Court on Validity of Search-Related Income-Tax Proceedings: Vineeta Gupta vs. ITO, Ward-46(4), Delhi & Anr. — Key Ruling in ITA 52/2024 Batch Matters (03 April 2024)
Facts of the
CaseThe petitioner, Vineeta Gupta, was subjected to
income-tax proceedings initiated by the authorities pursuant to search and
seizure operations conducted under the Income-tax Act, 1961. Based on materia...