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UCO Bank vs. Union of India & Ors. : Applicability of TDS on Interest Accrued on Court-Ordered Fixed Deposits under Section 194A
Facts of the CaseThe petitioner, UCO Bank, held several Fixed Deposits (FDs) in
the name of the Registrar General of the Delhi High Court. These
deposits were made pursuant to court orders in various litigations where ...
Commissioner of Income Tax, Central-I, New Delhi vs. Shailendra Mahato, Simon Marandi, Jharkhand Mukti Morcha, Shibu Soren, and Suraj Mandal (2014:DHC:5900-DB)
Facts of the Case:
Search
warrants were executed on April 26, 1996, at Punjab National Bank, Naoroji
Nagar, New Delhi.
The
search uncovered multiple Savings Bank (SB) accounts and Fixed Deposit
...
Om Fincap Pvt. Ltd. & Ors. vs. Commissioner of Income Tax: Quashing of Search Proceedings Due to Mistaken Identity under Section 132
Facts of the
CaseThe Income Tax
Department initiated search operations on 23.05.2013 at the residential
and office premises of the petitioners. The department believed the petitioner,
Mr. Om Prakash Dhingra, was a di...
High Court Quashes Income Tax Search Operations Due to Mistaken Identity: Om Prakash Dhingra vs. CIT Section 132
Facts of the CaseThe case involved three interconnected writ petitions filed by
Om Prakash Dhingra, his son Pawan Kumar Dhingra, and their company, Om Fincap
Private Limited. The Income Tax Department had issued a warr...
Commissioner of Income Tax vs. Hari Chand Shri Gopal: Disallowance of Brand Building Expenses under Section 37(1) vs. Subjective Reasonableness
Facts of the CaseThe respondent, an individual, was subjected to proceedings
under Section 153C of the Income Tax Act, 1961, following a search and
seizure operation on the Gopal Zarda group. During the assessment year...
Director of Income Tax (Exemption) vs. M/S Indraprastha Cancer Society (2014) | Section 11 - Depreciation Claim on Capital Assets
Facts of the CaseThe respondent-assessees are charitable institutions governed
by Sections 11 to 13 of the Income Tax Act, 1961. The institutions purchased
capital assets and treated the expenditure incurred on these p...
Commissioner of Income Tax-II vs. JDS Apparels Private Limited: Applicability of Section 194H on Credit Card Commission
Facts of the CaseThe respondent-assessee, JDS Apparels Private Limited,
is engaged in the business of trading readymade garments. During the assessment
year 2009-10, the assessee utilized card swiping machines provided...
CIT-VI vs. Valvoline Cummins Ltd.: Reassessment Cannot Be Based on Mere Suspicion of "Unascertained Liability" Under Section 147
Facts of the CaseThe respondent-assessee, Valvoline Cummins Ltd.,
filed its return of income for the assessment year 2006-07 on November 30,
2006, declaring an income of ₹9,52,15,517. The assessment was initially
co...
Commissioner of Income Tax vs. Jubilant Offshore Drilling Pvt Ltd: Business Commencement vs. Production Phase under Section 35D
Facts of the CaseThe respondent-assessee, Jubilant Offshore Drilling Pvt
Ltd, was incorporated in March 2004 to engage in oil and gas exploration.
During the Assessment Year 2008-09, the Assessing Officer (AO) disallow...
Naresh Trehan vs. Rakesh Kumar Gupta: Delhi High Court Ruling on Disclosure of Income Tax Returns Under RTI Act, 2005
Facts of the CaseThe respondent, Rakesh Kumar Gupta, acting as an informer to
the Income Tax Department, filed an RTI application seeking inspection of all
records and documents related to eight assessees (including Dr...