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Modi Industries Limited vs Deputy Commissioner of Income Tax & Ors. (Delhi High Court) – Reassessment Quashed on Ground of Change of Opinion under Sections 147/148 of Income Tax Act
Facts of the CaseThe petitioner, Modi Industries Limited, filed its return of
income which was scrutinized under Section 143(3) of the Income Tax Act. During
the original assessment proceedings, the Assessing Officer (...
Majestic Handicraft Private Limited vs Deputy Commissioner of Income Tax (Delhi High Court, 2023) – Reassessment under Section 148A Quashed for Lack of Due Diligence
Facts of the CaseThe petitioner, a company engaged in export of readymade
garments, was issued a notice under Section 148A(b) alleging that it had
received accommodation entries from two entities—Balaji Enterprises a...
Kamal Nath vs Deputy Commissioner of Income Tax (Delhi High Court, 2023) – Challenge to Section 153C Notice | Reassessment & Natural Justice
Facts of the CaseThe petitioner, Kamal Nath, challenged notices issued under
Section 153C of the Income Tax Act for multiple assessment years ranging from
AY 2010–11 to AY 2020–21. The reassessment proceedings were...
Shukla Enterprises Pvt. Ltd. vs Assistant Commissioner of Income Tax, Circle 22(2), Delhi & Anr. (Delhi High Court) – Reassessment Proceedings Quashed for Non-Supply of Material under Sections 148A & 148 of Income Tax Act, 1961
Facts of the CaseThe petitioner, Shukla Enterprises Private Limited,
filed a writ petition challenging:
Order
dated 29.07.2022 passed under Section 148A(d)
Notice
dated 30.07.2022 issued under Sec...
Dhruv Lamba vs Deputy Director of Income Tax (Investigation) & Anr. | Delhi High Court on Black Money Act – Validity of Section 10 Notice, Limitation & Retrospective Applicability
Facts of the CaseThe petitioner challenged:
Notice
dated 08.04.2022 issued under Section 10(1) of the Black Money Act
Order
dated 10.11.2022 rejecting application for dropping proceedings
Show
...
PR. Commissioner of Income Tax-1 vs M/s Ansal Properties and Infrastructure Ltd. – Section 47(iv) Exemption on Transfer of Capital Asset to Wholly Owned Subsidiary | Delhi High Court
Facts of the CaseThe respondent/assessee, M/s Ansal Properties and
Infrastructure Ltd., transferred “Trunk Infrastructure” (including roads and
related infrastructure), which constituted capital work-in-progr...
Pr. Commissioner of Income Tax (Central)-2 vs KKM Management Centre Pvt. Ltd. | Allowability of Secondment Expenses u/s 37(1) & Scope of Section 260A – Delhi High Court
FACTS OF THE CASE
The
assessee entered into a Secondment Agreement dated 30.05.2011 with
Godfrey Philips India Ltd. (GPI).
Payments
of ₹14.33 crore were made to GPI on a cost-to-company basis
...
PR. Commissioner of Income Tax-6 vs Modipon Ltd. (Delhi High Court) – No Interest u/s 220(2) Without Valid Demand Notice u/s 156 | AY 1987-88
Facts of the CaseThe present appeal relates to Assessment Year 1987-88,
wherein the original assessment under Section 143(3) assessed income at ₹11.40
crore. Subsequently, the Commissioner of Income Tax (Appeals) red...
PR. Commissioner of Income Tax–4 vs Modland Wears Pvt. Ltd. (Delhi High Court) – No Taxable Business Income on Conversion of Stock-in-Trade into Investment | Section 14A Disallowance Limited to Exempt Income
Facts of the CaseThe present appeal pertains to Assessment Year 2008–09
and arises from an order of the Income Tax Appellate Tribunal dated 28.01.2020.
The respondent/assessee held shares of three companies—Fortis
...
Commissioner of Income Tax (Exemptions), Delhi vs National Accreditation Board for Testing and Calibration Laboratories – Exemption u/s 11 & 12 read with Section 2(15) upheld; No Business Activity Involved (Delhi High Court)
Facts of the CaseThe present matter pertains to appeals filed by the Revenue
challenging the order dated 24.09.2021 passed by the Income Tax Appellate
Tribunal concerning Assessment Years 2013–14 and 2014–15.The ce...