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Mittal International vs Assistant Commissioner of Income Tax Circle 52(1), New Delhi (Delhi High Court, 2022) – Reassessment Proceedings Quashed Due to Use of Deactivated PAN under Sections 148 & 148A(d) of Income Tax Act
Facts of the
CaseThe petitioner challenged the validity of the order
passed under Section 148A(d) and notice issued under Section 148 for Assessment
Year 2015–16. The primary grievance was that the reassessment proc...
Pr. Commissioner of Income Tax-18 vs Oil Industry Development Board (Delhi High Court) – Section 14A Disallowance Not Applicable Where No Exempt Income Earned [AY 2012-13]
Facts of the
CaseThe present appeal was filed by the Revenue
challenging the order dated 12th June, 2019 passed by the Income Tax Appellate
Tribunal (ITAT) for Assessment Year 2012-13. The Assessing Officer had made a...
Principal Commissioner of Income Tax (Central)-2 vs Vinita Chaurasia (Delhi High Court) – Reassessment u/s 147 Invalid Without Fresh Tangible Material
Facts of the
CaseThe Revenue filed an appeal challenging the order
of the Income Tax Appellate Tribunal (ITAT), which had deleted additions made
by the Assessing Officer (AO) amounting to approximately ₹34.06 crores...
PR. Commissioner of Income Tax-12 vs Karuna Garg (Delhi High Court) – No Addition under Section 68 for Alleged Bogus LTCG Without Cogent Evidence | AY 2015-16
Facts of the
Case
The assessee declared Long-Term Capital Gains (LTCG) from sale of
shares of M/s Goldline International Finvest Ltd..
The Assessing Officer (AO) treated the gains as bogus and
made an a...
H.T. Media Limited vs Principal Commissioner of Income Tax-4, Delhi (Delhi High Court) – Section 14A Disallowance & Rule 8D Satisfaction Validity
Facts of the
CaseThe assessee, H.T. Media Limited, filed returns for
AY 2012-13 and AY 2013-14 declaring substantial income and earned exempt
dividend income under Section 10(34). It made suo moto disallowance under
...
H.T. Media Limited vs Principal Commissioner of Income Tax-4, Delhi – Section 14A Disallowance, AO Satisfaction & Rule 8D Applicability Clarified (Delhi High Court)
Facts of the
CaseThe assessee, H.T. Media Limited, filed returns for
AY 2012–13 and AY 2013–14 declaring substantial income and earning exempt
dividend income under Section 10(34).
The assessee made suo moto dis...
Sundeep Kathuria vs Deputy Director of Income Tax (Investigation) – Challenge to Show Cause Notice under Section 43 of Black Money Act, 2015 (Delhi High Court)
Facts of the
CaseThe petitioner, Sundeep Kathuria, was subjected to
penalty proceedings initiated through a show cause notice dated 12.09.2022
under Section 43 of the Black Money Act, 2015 for alleged non-disclosure o...
Principal Commissioner of Income Tax–3 vs Decent Financial Services Pvt. Ltd. (Delhi High Court) – Section 14A & Rule 8D Disallowance Cannot Be Applied Without Recording Satisfaction
Facts of the
CaseThe assessee, engaged in the business of trading in
shares and securities, filed its return declaring a loss of ₹4.86 crore. During
scrutiny, the Assessing Officer (AO) observed that the assessee ha...
Dr. B.L. Kapur Memorial Hospital vs Commissioner of Income Tax (TDS), Delhi & Ors. | Delhi High Court | Section 201(1), 201(1A) Income Tax Act | Stay of Demand & 20% Deposit Not Mandatory
Facts of the
CaseThe petitioner filed writ petitions challenging
orders dated 06 September 2022 and 07 November 2022 whereby the tax authorities
rejected its stay applications and directed payment of 20% of the total ...
Vayoo Nandan Finance Company Pvt. Ltd. vs Income Tax Officer, Ward 26(1), Delhi – Delhi High Court Sets Aside Reassessment Proceedings for Violation of Section 148A Procedure (AY 2018–19)
Facts of the
CaseThe present writ petition was filed by the
petitioner challenging the validity of reassessment proceedings initiated under
the Income Tax Act, 1961 for Assessment Year 2018–2019. The challenge was
...