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Commissioner of Income Tax vs M.S. Aggarwal (Delhi High Court, 2018) – Bogus Gifts, Block Assessment & Section 158BFA(2) Penalty
Facts of the CaseThe case arose from search and seizure operations conducted
under Section 132 on 25.11.1999 on the assessee, M.S. Aggarwal. During the
search, incriminating documents revealed unaccounted business acti...
Pr. Commissioner of Income Tax–Central-3 vs HFCL Infotel Ltd. (2018) – Allowability of Liquidated Damages, Section 37(1), Section 14A & Section 36(1)(iii) Analysis
Facts of the CaseThe assessee, HFCL Infotel Ltd., was engaged in providing
telecom services and had obtained a telecom license under the prevailing
telecom policy for the State of Punjab. As per the license agreement, ...
PR. Commissioner of Income Tax (Central-3) vs HFCL Infotel Ltd. (Delhi High Court) – Liquidated Damages Allowability, Section 35ABB, Section 37(1), Section 14A & Section 36(1)(iii)
Facts of the CaseThe present appeals were filed by the Revenue before the Delhi
High Court against the order of the Income Tax Appellate Tribunal (ITAT)
concerning HFCL Infotel Ltd. The primary dispute revolved around ...
Pr. Commissioner of Income Tax (Central-3) vs. HFCL Infotel Ltd. (Delhi High Court) – Allowability of Liquidated Damages, Section 37(1), Section 14A & Section 36(1)(iii) Explained
Facts of the CaseThe Revenue filed appeals before the Delhi High Court
challenging the order of the Income Tax Appellate Tribunal (ITAT) in favor of
the assessee, HFCL Infotel Ltd. The dispute primarily revolved around...
Principal Commissioner of Income Tax-(C)-2 vs M/s Aeren R Infrastructure Ltd (2018) – Compensation for Non-Supply of Land Held as Capital Receipt | Delhi High Court
Facts of the CaseThe assessee, engaged in real estate business, entered into a
consortium agreement and subsequently into an agreement to purchase 10 acres of
land for ₹15 crores from JMA Buildcom Pvt. Ltd. However, ...
Principal Commissioner of Income Tax-(C)-2 vs M/s Aeren R Infrastructure Ltd (2018) – Compensation for Non-Supply of Land Held as Capital Receipt | Delhi High Court
Facts of the CaseThe assessee, engaged in real estate business, entered into a
consortium agreement and subsequently into an agreement to purchase 10 acres of
land for ₹15 crores from JMA Buildcom Pvt. Ltd. However, ...
Meadow Infradevelopers Private Limited vs Income Tax Officer (2018) – Reopening of Assessment U/s 148 Invalid on Mere Change of Opinion
Facts of the Case
The
petitioner filed its return for AY 2010–11 declaring nil income.
The
case was selected for scrutiny, and detailed queries were raised regarding
share capital, share premium,...
Principal Commissioner of Income Tax (Central)-3 vs Gaurav Arora (Delhi High Court, 2018) – Addition under Section 2(22)(e) & Scope of Section 153A Without Incriminating Material
Facts of the CaseThe case arose from an appeal filed by the Revenue under
Section 260A of the Income Tax Act, 1961 challenging the order of the Income
Tax Appellate Tribunal (ITAT). The assessee, Gaurav Arora, filed a ...
Director of Income Tax (International Taxation) vs Modiluft Ltd. & Royal Airways Ltd. | Taxability of Technical Service Charges under Section 9(1)(vii), Section 10(15A) and India-Germany DTAA
Facts of the CaseThe assessee, Modiluft Ltd., entered into multiple agreements
with Lufthansa, a German company:
Aircraft
Lease Agreement (approved under Section 10(15A))
Technical
Support Agreement
...
Director of Income Tax (International Taxation) vs M/s Modiluft Ltd. & Director of Income Tax vs M/s Royal Airways Ltd. | Delhi High Court | Remand to ITAT for Fresh Adjudication under DTAA and Income Tax Act, 1961
Facts of the CaseThe present matter consists of multiple appeals filed by the Director
of Income Tax (International Taxation) against M/s Modiluft Ltd. and
M/s Royal Airways Ltd. before the Delhi High Court.The dispute...