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Commissioner of Income Tax v. Ram Lal Gupta & Raj Kumar Gupta (Delhi High Court) – Applicability of Section 40A(3) to Cash Payments Made by Kachha Arhtiya for Procurement of Agricultural Produce.
Facts of the
Case
The assessees were engaged in the business of agricultural produce
procurement as Kachha Arhtiyas and earned commission income.
During assessment proceedings, the Assessing Officer examined
...
Commissioner of Income Tax vs. Ram Lal Gupta (Delhi High Court) – Section 40A(3) Not Applicable to Kachha Arhtiya Acting as Commission Agent for Procurement of Agricultural Produce
Facts of the CaseThe assessee, Ram Lal Gupta, was engaged in the
business of procuring agricultural commodities such as wheat and channa for
mill owners on a commission basis as a Kachha Arhtiya. He procured agricultur...
Commissioner of Income Tax vs. Raj Kumar Gupta | Delhi High Court Upholds Non-Applicability of Section 40A(3) to Kachha Arhtiya Acting as Commission Agent for Agricultural Produce Procurement
Facts of the
CaseThe assessee, Raj Kumar Gupta, was engaged in the
business of procurement of agricultural produce as a Kachha Arhtiya
(commission agent) through his proprietary concern. The assessee procured
agricul...
Commissioner of Income Tax v. Ram Lal Gupta
Facts of the Case
The assessee, proprietor of M/s Mangal & Co., earned commission
income by procuring agricultural commodities for mill owners.
For Assessment Year 2006-07, the assessee filed his return
...
Commissioner of Income Tax v. Rohit Anand [2010] 2010:DHC:4043-DB (Delhi High Court).
Facts of the
CaseThe Revenue filed an appeal under Section 260A of
the Income Tax Act, 1961 challenging the order passed by the Income Tax
Appellate Tribunal for Assessment Year 2006-07.The assessee, Rohit Anand, was ...
Commissioner of Income Tax vs. Mr. I.P. Chaudhari (Delhi High Court) – Applicability of Section 52 on Transfer of Shares to Relatives and Requirement of Proof of Understatement of Consideration
Facts of the Case
The assessee transferred 3,500 equity shares of M/s Rentiers &
Financiers (P) Ltd. to his family members.
The shares having a face value of Rs. 800 per share were
transferred at Rs. ...
Commissioner of Income Tax vs Blue Bird Group Assessees | Block Assessment Additions on Alleged Bogus Gifts Cannot Survive Without Incriminating Material Found During Search | Delhi High Court
Facts of the Case
A search and seizure operation was conducted at the residential and
business premises of the Blue Bird Group of Companies.
Following the search, notices for block assessment were issued to
...
Commissioner of Income Tax v. Blue Bird Group Assessees (ITA Nos. 81, 85, 158, 283, 523 & 1307 of 2009) – Block Assessment Additions on Alleged Bogus Gifts Cannot Survive Without Incriminating Material Found During Search
Facts of the CaseA search and seizure operation was conducted at the
residential and business premises of the Blue Bird Group of Companies, to which
the assessees belonged. Pursuant to the search operation, notices for...
Multiplex Trading & Industrial Co. Ltd. Vs Income Tax Officer: Delhi High Court Ruling on ITAT's Power of Enhancement and De Novo Remand Under Section 260A of Income Tax Act, 1961
Facts of the Case
During
the year 1999, the appellant was appointed as a handling agent by the
Gujarat Electricity Board (GEB) to settle quality claims with South
Eastern Coal Fields Ltd. (SECFL) on a...
Director of Income Tax vs. Raghuvanshi Charitable Trust & Others: Landmark Delhi High Court Ruling on Carry Forward and Set-Off of Deficit by Charitable Trusts under Section 11 of the Income Tax Act
Facts of the Case
The
Director of Income Tax and Director of Income Tax (Exemption) filed
multiple appeals before the Delhi High Court against several entities,
including Raghuvanshi Charitable Trust,...