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Commissioner of Income Tax v. M/s Trina Quebic Grears Ltd. – Penalty under Section 271(1)(c) in Loss Assessment Cases and Applicability of Explanation
Facts of the
CaseThe Revenue preferred an appeal before the Delhi
High Court challenging the order of the Income Tax Appellate Tribunal (ITAT),
which had deleted the penalty imposed under Section 271(1)(c) of the Inco...
Capital Cables (India) Pvt. Ltd. vs. Income Tax Settlement Commission (2004) — Power of Rectification Under Section 154 Post Final Settlement
Facts
of the Case·
In January and February 1994, the
petitioners individually approached the Income Tax Settlement Commission by
filing applications under Section 245C...
Smt. Krishna Devi vs Commissioner of Income Tax | Delhi High Court | Settlement Commission Cannot Reopen Final Settlement Order Under Section 154 of the Income-tax Act
Facts of the CaseThe petitioner was one of several assessees who had
approached the Income Tax Settlement Commission in 1994 by filing applications
under Section 245C of the Income-tax Act. After considering the materi...
Sukhmani Associates (P) Ltd. vs Income Tax Settlement Commission – Whether Settlement Commission Can Rectify a Final Settlement Order Under Section 154 After Passing Order Under Section 245D(4) of the Income-tax Act, 1961
Facts of the CaseThe petitioner had approached the Income Tax
Settlement Commission under Chapter XIX-A of the Income-tax Act, 1961 seeking
settlement of tax liabilities. The Settlement Commission, after following the
...
Narayan Lal Saraf vs Income Tax Settlement Commission – Whether Settlement Commission Can Rectify a Final Settlement Order Under Section 154 After Passing Order Under Section 245D(4) of the Income-tax Act, 1961
Fact of the caseThe petitioner, Narayan Lal Saraf, was among
several assessees who had approached the Income Tax Settlement Commission by
filing settlement applications under Section 245C of the Income-tax Act, 1961.
...
Sudershan Dhingra vs Income Tax Settlement Commission (Delhi High Court) – Whether Settlement Commission Can Rectify a Final Settlement Order Under Section 154 of the Income-tax Act, 1961
Facts of the CaseThe petition formed part of a group of writ
petitions involving assessees who had approached the Income Tax Settlement
Commission in 1994 by filing applications under Section 245C of the Income-tax
Ac...
High Court of Delhi | Writ Petition (Civil) No. 1622/1994 | Section 271(1)(a) and Section 264 of the Income-Tax Act, 1961
Facts
of the CaseThe petitioner, an individual
associated with a business concern paying income tax, challenged a revisional
order dated August 25, 1993, passed by the Commissioner of Income Tax under
Section 264 of ...
DCM Limited vs Commissioner of Income Tax (Delhi High Court) – Taxability of Amount Credited to Molasses Storage Fund under Income Tax Act 1961
Facts of the CaseThe assessee, M/s DCM Limited, had credited certain
amounts to the Molasses Storage Fund out of the sale proceeds of
molasses during the relevant assessment years.The amounts involved were:
Assessmen...
M/s DCM Limited vs Commissioner of Income Tax (Delhi High Court) – Taxability of Molasses Storage Fund Receipts under the Income-tax Act 1961
Facts of the
CaseM/s DCM Limited, the assessee, filed appeals before
the Delhi High Court concerning the inclusion of amounts credited to the Molasses
Storage Fund in its taxable income.For Assessment Year 1988-89, th...