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PR. Commissioner of Income Tax (Central-II), Delhi vs Thapar Homes Limited – Limitation for Penalty under Section 271E read with Section 275(1)(c) of Income Tax Act
Facts of the
CaseThe present appeal pertains to Assessment Year (AY)
2008–09. The assessment order was passed on 31.12.2010 under Sections
153A/143(3) of the Income Tax Act, 1961. During the assessment proceedings, ...
Pr. Commissioner of Income Tax-4 vs Global Logic India Limited (Delhi High Court) – Treatment of Forex Gain & Exclusion of Comparables under Transfer Pricing (AY 2011–12)
Facts of the
CaseThe appeal was filed by the Revenue challenging the
order of the Income Tax Appellate Tribunal (ITAT) dated 30.10.2018. The dispute
arose in relation to transfer pricing adjustments concerning the res...
Sateesh Kumar vs Income Tax Officer Ward-28(5), Delhi & Ors. | Delhi High Court | W.P.(C) 9732/2023 | Sections 147, 148A(d), 144, 251 Income Tax Act
Facts of the
Case
The Assessing Officer passed an order under Section 148A(d) dated
28.07.2022, followed by an assessment order dated 31.05.2023.
The assessment was framed under Sections 147 read with 144 for...
KOA Investment Limited vs Income Tax Officer Ward-14(4) – Delhi High Court | Reassessment u/s 148 Invalid Due to Change of Opinion & Lack of Proper Approval (AY 2012–13)
Facts of the
CaseThe petitioner, KOA Investment Limited, filed its
return for AY 2012–13 and underwent scrutiny assessment under Section 143(3) of
the Income Tax Act.During scrutiny:
The Assessing Officer (AO) exa...
Principal Commissioner of Income Tax–12, New Delhi vs. MS L&T SUCG JV CC27 – Penalty under Section 271AA Deleted due to Reasonable Cause (Delhi High Court)
Facts of the
CaseThe present appeal was filed by the Revenue before
the Delhi High Court challenging the order of the Income Tax Appellate Tribunal
concerning Assessment Year 2014–15.The respondent-assessee, a joint...
The Pr. Commissioner of Income Tax-4 vs Hindustan Coca Cola Beverages Pvt. Ltd. (Delhi High Court, 2023) – FBT on Advertisement Expenses under Sections 115WB & 115WC
Facts of the Case
The
case relates to Assessment Year 2008–09.
The
assessee incurred advertisement and promotional expenses amounting to
approximately ₹46.92 crores.
The
Assessing Offi...
Luv Impex Private Limited vs Income Tax Officer Ward 15(1) & Anr. – Delhi High Court Judgment on Reassessment & Natural Justice under Sections 148A(b), 148A(d), 144B of Income Tax Act, 1961
Facts of the CaseThe petitioner, Luv Impex Private Limited, challenged
reassessment proceedings initiated by the Revenue under the Income Tax Act,
1961. The dispute arose from:
Notice
dated 07.03.2023 under Sec...
The Pr. Commissioner of Income Tax, Central-3 vs Pawansut Holding Ltd (Delhi High Court) – Protective vs Substantive Additions | AY 2014-15 | ITA 472/2023
Facts of the Case
The
appeal pertains to Assessment Year 2014–15.
The
Revenue challenged the ITAT order dated 14.12.2022.
The
Tribunal had disposed of the appeal relating to protective additio...
M/s Valley Iron & Steel Co. Ltd vs Assistant Commissioner of Income Tax, Central Circle-5, New Delhi
Facts of
the Case
The
petitioner filed its return for AY 2011–12 declaring nil income
after claiming deduction under Section 80IC.
The
case was selected for scrutiny and detailed queries w...
RVM Education (P) Ltd. vs Assistant Commissioner of Income Tax (Delhi High Court) – AY 2016-17 | Business Income vs Rental Income | Remand to ITAT
Facts of the Case
The
appellant, RVM Education (P) Ltd., filed its return of income for
AY 2016–17 declaring a loss of ₹1,99,18,341/-.
The
Assessing Officer (AO) disallowed expenses amounting t...