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Commissioner of Income Tax vs M/s Anand Kumar Deepak Kumar – Unaccounted Sales Estimation After Search Proceedings and Appeal Under Section 260A of the Income Tax Act
Facts of the CaseThe Revenue challenged the order dated 11 May 2004 passed by
the Income Tax Appellate Tribunal, Delhi Bench ‘A’, relating to Assessment Year
1995-96.A search was conducted at the premises of the as...
Commissioner of Income Tax vs M/s Genesis Commet Pvt Ltd – Allowability of Commission Expenditure and Burden of Proof Under Sections 37(1) and 131 of the Income Tax Act
Facts of the CaseThe Assessing Officer disallowed commission payments made by
M/s Genesis Commet Pvt Ltd to three parties, namely Shri Rajesh Singhal
(Proprietor of M/s Rajesh Traders), Smt. Renu Bhagwan, and M/s Jagdi...
Commissioner of Income Tax vs M/s Eicher Ltd. – Provision for Bad and Doubtful Debts and Computation of Book Profits under Section 115JA of the Income Tax Act, 1961
Facts of the CaseThe Revenue filed an appeal before the Delhi High Court
against the order of the Income Tax Appellate Tribunal concerning Assessment
Year 1999-2000. The dispute arose from the Assessing Officer's actio...
Commissioner of Income Tax, Delhi vs M/s SMC Share Brokers Ltd. – Cross Examination Requirement in Block Assessment Proceedings under Sections 158BD, 158BC and 260A of the Income Tax Act
Facts of the CaseA search operation was conducted on 3 August 2000 at the
premises of Manoj Aggarwal, who was a Director of Friends Portfolio Pvt. Ltd.
During the search, various documents, books of account and other r...
Commissioner of Income Tax Delhi vs M/s Majestic Hotels Ltd. – Section 201 and Section 194A(3)(iii)(b) of the Income Tax Act – Non Deduction of Tax at Source on Interest Payments to TFCI
Facts of the CaseThe dispute arose from the assessee's failure to deduct tax
at source on payments made to Tourism Finance Corporation of India Limited
(TFCI). The assessee claimed that the payments were exempt from de...
Commissioner of Income Tax vs M/s International Audio Visual – Penalty under Section 271(1)(c) on Disallowance of Deduction under Section 80HHC
Facts of the CaseThe assessee, M/s International Audio Visual, claimed
deduction under Section 80HHC of the Income Tax Act in respect of dubbing
rights of Hindi films, which it stated had been sold to a foreign company...
Commissioner of Income Tax vs M S Muthoot M George Bankers – Rule of Consistency in Tax Litigation and Maintainability of Revenue Appeal Sections 260A of the Income Tax Act, 1961
Facts of the CaseThe Revenue filed an appeal before the Delhi High Court under
Section 260A challenging the order dated 30 September 2005 passed by the Income
Tax Appellate Tribunal, Delhi Bench 'C', relating to Assess...
Commissioner of Income Tax vs M S Muthoot M George Bankers – Rule of Consistency in Tax Litigation and Maintainability of Revenue Appeal Sections 260A of the Income Tax Act, 1961
Facts of the CaseThe Revenue filed an appeal before the Delhi High Court under
Section 260A challenging the order dated 30 September 2005 passed by the Income
Tax Appellate Tribunal, Delhi Bench 'C', relating to Assess...
Commissioner of Income Tax, Delhi vs M/s DLF Universal Ltd. – Addition of Unproved Liabilities, Admission of Additional Evidence under Rule 46A and Scope of Appeal under Section 260A of the Income Tax Act
Facts of the CaseThe assessee, M/s DLF Universal Ltd., filed its return of
income for Assessment Year 1992-93. During the assessment proceedings, the
Assessing Officer found that the assessee had failed to justify cert...
Commissioner of Income Tax, Delhi vs M S Bhiwani Synthetics Ltd. – Validity of Return Signed by General Manager and Curable Defect under Sections 140(c), 139(9) and 260A of the Income Tax Act, 1961
Facts of the CaseM S Bhiwani Synthetics Ltd. filed its return of income for
Assessment Year 1994-95 on 30 November 1994 declaring a loss. However, the
return was not signed by the Managing Director or any Director of t...