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Delhi High Court Quashes Reassessment Notices Due to Lack of Mandatory Approval under Section 151(ii) of the Income Tax Act – Twylight Infrastructure Pvt. Ltd. vs ITO Ward 25(3), Delhi & Ors. (2024)
Facts of the CaseThe petitioners challenged reassessment notices
issued by the Income Tax Department for Assessment
Years 2016-17 and 2017-18.The reassessment proceedings were initiated by the
Assessing Officer allegi...
Income Tax Office vs Anil Tuteja & Ors: Delhi High Court Upholds Territorial Jurisdiction Principles in Section 482 Petition Challenging Return of Complaint in Tax Evasion & Conspiracy Case
FACTS OF THE CASEIn CRL.M.C.2757/2023, the Income Tax Office
(petitioner/complainant) challenged an order dated 06.04.2023 passed by the
learned Additional Chief Metropolitan Magistrate (ACMM), Tis Hazari Courts,
Delh...
PCIT-4 vs Mohak Real Estate Pvt. Ltd. (Delhi High Court) – Revision u/s 263 Invalid When AO Conducted Enquiry | ITA 730/2023 | Section 263 of Income-tax Act
Facts of the CaseThe case arose from revision proceedings initiated by the
Principal Commissioner of Income Tax (PCIT) under Section 263 of the Income-tax
Act, 1961 against the assessee company, Mohak Real Estate Pvt. ...
Printing and Binding of Books Treated as Manufacturing Activity Eligible for Deduction u/s 80IC – PCIT vs Nirja Publishers & Printers Pvt. Ltd. (Delhi High Court)
Facts of the CaseThe assessee company, Nirja Publishers & Printers Pvt.
Ltd., was engaged in the business of printing, publishing, and binding of
books. The company claimed deduction under Section 80IC of the Incom...
Pr. Commissioner of Income-Tax-6 vs Nirja Publishers & Printers Pvt. Ltd.: Delhi HC Upholds Deduction Under Section 80IC & Rejects Section 40(a)(ia) Addition — No Substantial Question of Law
FACTS OF THE CASEThe appeals arise from two connected appeals under Section
260A of the Income-tax Act, 1961 by the Pr. Commissioner of Income-Tax-6
(“Revenue”) against orders of the Income-tax Appellate Tribunal (...
PCIT vs Indo Rama Synthetics (India) Ltd. (Delhi High Court) – Sales Tax Incentive Held Capital Receipt | Income Tax Case Law
Facts of the CaseThe assessee, M/s Indo Rama Synthetics (India) Ltd.,
established industrial units in the State of Maharashtra and received sales tax
incentive/subsidy under the Maharashtra Package Scheme of Incentives...
RTI Cannot Override Income Tax Confidentiality: Delhi High Court Sets Aside CIC Order on PM CARES Fund Disclosure – CPIO/Dy. Commissioner of Income Tax vs Girish Mittal (2024) Delhi HC
Facts of the CaseThe respondent filed an RTI application seeking information
regarding PM CARES Fund, including copies of documents submitted for obtaining
income-tax exemption under Section 80G of the Income Tax Act, ...
Sales Tax Subsidy Under Maharashtra Package Scheme of Incentives Held as Capital Receipt Not Taxable – Delhi High Court in CIT-IV v. Indo Rama Textiles Ltd. (ITA 392/2014)
Facts of the CaseThe respondent-assessee, M/s Indo Rama Textiles Ltd.,
established industrial units in Butibori and Takhalghat in Nagpur pursuant to
the “Package Scheme of Incentives, 1993” announced by the Governm...
CIT-IV vs Indo Rama Textiles Ltd. (Delhi High Court) – Sales Tax Subsidy under Maharashtra Package Scheme Held as Capital Receipt | Income Tax Case Law
Facts of the CaseThe respondent-assessee, M/s Indo Rama Textiles Ltd.,
established industrial units at Butibori and Takhalghat in Nagpur, Maharashtra
under the Maharashtra Government’s Package Scheme of Incentives, 1...
Sales Tax Subsidy for Industrial Promotion Treated as Capital Receipt – Delhi High Court in CIT-IV v. Indo Rama Textiles Ltd. (ITA 392/2014) Applying “Purpose Test” | Income-tax Act
Facts of the CaseThe assessee company, M/s Indo Rama Textiles Ltd., received
sales tax subsidy under the Maharashtra Government’s incentive scheme
introduced to promote industrialization in underdeveloped areas. The ...