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Commissioner of Income Tax vs Virendara Kumar Gupta & Sharad Jain - Penalty under Section 271AAA Cannot be Imposed Where Undisclosed Income Was Properly Disclosed and Taxes Were Paid | Delhi High Court
Facts of the
Case
A search operation was conducted and ₹20 crores was surrendered as
undisclosed income through a statement under Section 132(4).
Out of the surrendered amount:
₹7.50 crores related t...
Vijay Singh Kadan vs Chief Commissioner of Income Tax & Another (Delhi High Court) – Refund Adjustment under Section 245 of Income Tax Act Without Prior Notice Held Illegal
Facts of the Case
The assessee filed
return for AY 2006–07 declaring taxable income and claiming exemption on
long-term capital gains from sale of agricultural land.
The Assessing Officer
passed ...
M/s Ralson (India) Ltd. vs Deputy Commissioner of Income Tax & Others – Reassessment under Sections 147/148 of Income Tax Act Quashed for Absence of Tangible Material and Change of Opinion
Facts of the
CaseM/s Ralson (India) Ltd. filed its return of income
for Assessment Year 1990–91 on 31.12.1990 showing NIL income under Section 115J
of the Income Tax Act. The return was accompanied by accounts and a...
Cotecna Inspection SA vs Income Tax Officer Ward International Tax 1(2)(1) & Anr. | Delhi High Court Clarifies Applicability of MFN Clause Under India–Switzerland DTAA for 5% Dividend Withholding Tax | Section 197 Income Tax Act, 1961
Facts of the CaseThe petitioner, Cotecna Inspection SA, filed the writ petition
challenging the certificate dated 2 November 2021 and subsequent communication
dated 26 November 2021 issued by the Income Tax Department ...
M/s Ralson India Ltd. Vs Deputy Commissioner of Income Tax & Another – Reassessment under Sections 147 and 148 of Income Tax Act on Ground of Change of Opinion | Delhi High Court
Facts of the
CaseThe petitioner filed its return for Assessment Year
1991–92 on 31.12.1991. During the pendency of assessment proceedings, the
petitioner’s premises were subjected to search and seizure operations ...
Commissioner of Income Tax vs. Pramod Kumar Dang | Section 249(4)(a), Section 132B & Section 154 of Income Tax Act – Adjustment of Seized Cash Towards Tax Liability and Maintainability of Appeal
Facts of the
Case
The Assessment Year involved was 1996–97.
Search and seizure proceedings under Section 132(1) were conducted
at the assessee's premises on 14/15 September 1995.
During the search op...
Principal Commissioner of Income Tax (Central)-3 vs Krishak Bharati Co-Operative Ltd. | Delhi High Court Upholds Indo-Oman DTAA Tax Treaty Benefits on Dividend Income | ITA 177/2021
Facts of the CaseThe Appellant (Revenue) preferred an appeal before the Delhi
High Court challenging the ITAT order dated 20 January 2020 passed in ITA No.
1471/Del/2017. The Revenue contended that the Tribunal erred i...
Commissioner of Income Tax-I vs CHD Developers Ltd. | Section 80IB(10) Deduction on Housing Projects – Completion Certificate Requirement for Pre-Amendment Approved Projects
Facts of the
Case
CHD Developers Ltd., a real estate developer, launched a housing
project named “Krishna Lok” at Vrindavan.
Approval for the project was granted by Mathura Vrindavan
Development Auth...
Commissioner of Income Tax v. Sh. Sashi Mukundan & Connected Matters: Taxability and Valuation of Perquisites under Sections 15, 16, and 17 of the Income-tax Act
Facts of the CaseThe Revenue (Commissioner of Income Tax) filed a batch of
appeals and review petitions against various individual assessees (foreign
expatriates working in India and Indian executives) concerning the a...
Commissioner of Income Tax vs. Sh. Sashi Mukundan: Taxability of Expatriate Salaries, Non-Monetary Perquisites, and Interplay of Sections 10(10CC) & 195A under the Income Tax Act
Facts of the CaseThe Revenue filed a batch of Income Tax Appeals (including ITA
No. 379/2007, ITA No. 387/2008, ITA No. 212/2009, and several other connected
matters) against various individual assessees and corporate ...