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Pr. Commissioner of Income Tax-6, New Delhi vs Maruti Suzuki India Ltd. (Successor of Suzuki Powertrain India Ltd.) | Assessment on Non-Existent Entity after Amalgamation | Section 170(2), Section 143(3), Section 144C & Section 292B of Income Tax Act
Facts of the
CaseSuzuki Powertrain India Limited (SPIL) filed its
income tax return for Assessment Year 2011–12 declaring taxable income. The
return was processed and selected for scrutiny under the Income Tax Act. ...
Principal Commissioner of Income Tax, Delhi-2 vs Best Infrastructure (India) Pvt. Ltd. | Delhi High Court on Scope of Sections 68, 132(4) & 153A of Income Tax Act | Whether Statement Recorded During Search Alone Constitutes Incriminating Material
Facts of the
CaseA search and seizure operation was conducted on the
Best Group of Companies and on one Tarun Goyal on 15 September 2008. During the
course of search, certain loose documents (Annexures A-1, A-4 and A-...
Pr. Commissioner of Income Tax-6, New Delhi vs Monnet Ispat & Energy Ltd. | Delhi High Court on Effect of IBC Moratorium on Pending Income Tax Appeals under Sections 14, 238 & 7 of Insolvency and Bankruptcy Code, 2016
Facts of the
CaseThe Revenue Department filed multiple Income Tax
Appeals before the Delhi High Court against the order of the Income Tax
Appellate Tribunal (ITAT) concerning the tax liability of Monnet Ispat &
E...
Oriental Insurance Co. Ltd. vs Deputy Commissioner of Income Tax & Commissioner of Income Tax (LTU), New Delhi – Taxability of Profit on Sale/Redemption of Investments, Write-off of Investments & Applicability of Section 115JB to Insurance Companies | Delhi High Court
Facts of the Case
The assessee, Oriental Insurance Company Ltd., engaged in
general insurance business, filed its return for AY 2005-06 declaring a loss
and book profits under Section 115JB. During assessment procee...
Samvardhana Motherson International Ltd. vs Assistant Commissioner of Income Tax & Anr. | Delhi High Court | Reassessment u/s 147/148 Quashed on Ground of Change of Opinion | Section 14A read with Rule 8D
Facts of the CaseThe petitioner-company was engaged in strategic
investments and holding company activities through subsidiaries and investments
in various companies.For AY 2010–11 and AY 2011–12, the petitioner
d...
Pr. Commissioner of Income Tax–6, New Delhi vs Monnet Ispat & Energy Ltd. | Delhi High Court on Moratorium under Section 14 IBC and Tax Proceedings | Sections 7, 14 & 238 Insolvency and Bankruptcy Code, 2016
Facts of the
CaseThe Revenue Department filed multiple Income Tax
Appeals before the Delhi High Court challenging the order passed by the Income
Tax Appellate Tribunal concerning the tax liabilities of Monnet Ispat &a...
Samvardhana Motherson International Ltd. vs Assistant Commissioner of Income Tax – Delhi High Court Quashes Reassessment under Sections 147/148 on Ground of Change of Opinion in Section 14A Disallowance Matter
Facts of the CaseThe petitioner-company, engaged in strategic
investments and functioning as a holding company, earned substantial exempt
dividend income during AY 2010–11 and AY 2011–12 and claimed exemption under...
Oriental Insurance Co. Ltd. vs Deputy Commissioner of Income Tax | Taxability of Profit on Sale/Redemption of Investments, Write-off of Investments & Applicability of Section 115JB to Insurance Companies under the Income Tax Act, 1961 (Delhi High Court)
Facts of the CaseThe assessee, Oriental Insurance Company Ltd., engaged in
the business of general insurance, filed its return for Assessment Year 2005–06
declaring loss under normal provisions and book profits under...
Pr. Commissioner of Income Tax-6, New Delhi vs Monnet Ispat & Energy Ltd. | Whether Income Tax Appeals Can Continue During IBC Moratorium under Sections 14 & 238 of Insolvency and Bankruptcy Code, 2016
Facts of the
CaseThe Revenue Department filed multiple Income Tax
Appeals before the Delhi High Court against Monnet Ispat & Energy Ltd.
arising from orders passed by the Income Tax Appellate Tribunal (ITAT)
rega...
Principal Commissioner of Income Tax, Delhi-2 vs Best Infrastructure (India) Pvt. Ltd. | Delhi High Court on Sections 68, 132(4) & 153A of Income Tax Act – Whether Statement Recorded During Search Alone Constitutes Incriminating Material
Facts of the CaseA search and seizure operation under Section 132
was conducted against the Best Group and related persons on 15.09.2008. During
the course of the search, certain loose papers/documents were seized whic...