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WEL Intertrade Private Limited (Formerly WEL Intertrade Limited) & Another vs Income Tax Officer, Ward 18(3) | Reassessment under Sections 147 & 148 Beyond Four Years Held Invalid Due to Absence of Failure to Disclose Material Facts
Facts of the CaseThe petitioner, WEL Intertrade Private Limited
(formerly WEL Intertrade Limited), filed its return of income for Assessment
Year 2000-01 on 30 November 2000.Subsequently, the case was selected fo...
Commissioner of Income Tax vs. Dart Manufacturing India Pvt. Ltd. (Delhi High Court) Expenditure on Installation of Transformer and LT Lines for Electricity Supply Held as Revenue Expenditure under the Income-tax Act under section 37(1) of the Income-tax Act, 1961
Facts of the
CaseThe assessee, Dart Manufacturing India Pvt. Ltd.,
paid a sum of ₹10,64,930 to the State Electricity Board during the Assessment
Year 2001-02 for installation of a transformer and Low Tension (...
Commissioner of Income Tax, Delhi-II vs Deepak Aggarwal & Mangla Marbles & Granite Pvt. Ltd. | Delhi High Court | Section 158BE, Section 158BC & Section 132 Income Tax Act | Limitation for Block Assessment and Validity of Subsequent Panchnama
Facts of the CaseThe Revenue filed appeals before the Delhi High
Court challenging a common order passed by the Income Tax Appellate Tribunal
(ITAT) in favour of the assessees, namely Deepak Aggarwal and Mangla
Marble...
Commissioner of Income Tax, Delhi-II vs Deepak Aggarwal & Mangla Marbles & Granite Pvt. Ltd. | Delhi High Court | Section 158BE, Section 158BC & Section 132 of the Income Tax Act, 1961 | Limitation for Block Assessment after Search Proceedings
Facts of the
CaseThe Revenue filed appeals against a common order of
the Income Tax Appellate Tribunal (ITAT) relating to Deepak Aggarwal and Mangla
Marbles & Granite Pvt. Ltd., wherein Deepak Aggarwal was one of ...
Anil Kumar Saha & Ors. vs Chief Commissioner of Income Tax, Delhi-I, New Delhi & Anr. | Transfer of Assessment Proceedings Under Section 127(2) Requires Consideration of Assessee's Objections
Facts of the Case
The
Commissioner of Income Tax, Delhi-I issued a proposal for transfer of the
petitioners' assessment cases from Delhi to Meerut.
The
petitioners submitted detailed objections agai...
Commissioner of Income Tax, Delhi-XVII v. Asiana Airlines (2008) 2367-DB (Delhi High Court) – Landing and Parking Charges Paid to Airport Authority of India Held as ‘Rent’ Liable for TDS under Section 194-I of the Income-tax Act, 1961
Facts of the CaseThe appeal was filed by the Revenue against the
order dated 28.02.2006 passed by the Income Tax Appellate Tribunal (ITAT) in
relation to Assessment Year 2001-02.The dispute concerned the nature of paym...
Anil Bagla vs. Commissioner of Income Tax: High Court Affirms Rejection of Unexplained Gifts and Application of Estimated Gross Profit Rate Under Section 68 and Section 144 of the Income Tax Act
Facts
of the CaseThe Appellant (Assessee), Anil Bagla,
preferred an appeal before the High Court of Delhi against the order dated May
31, 2007, passed by the Income Tax Appellate Tribunal (ITAT), New Delhi, for
the A...
Commissioner of Income Tax vs. Goverdhan India (P) Ltd. – Addition on the Basis of Third-Party Accounts Without Cross-Examination Cannot Be Sustained | Delhi High Court
Facts of the CaseThe assessee, Goverdhan India (P) Ltd.,
claimed sales of 1,315 shawls valued at Rs. 50,36,600 to Ambrose
International Corporation during the relevant assessment year 2001-02.
During assessment procee...
Neelam Jain vs. Director of Income Tax (Investigation) & Another | Challenge to Notices Issued Under Sections 153A and 142(1) of the Income Tax Act Following Search Proceedings
Facts of the CaseThe petitioner challenged a notice dated 17 July
2006 issued under Section 153A of the Income Tax Act, 1961. The petitioner also
challenged a series of notices dated 23 August 2006 issued under Section...
Anil Kumar Saha & Connected Assessees vs Chief Commissioner of Income Tax, Delhi-I, New Delhi & Another | Transfer of Income Tax Cases Under Section 127(2) Requires Reasoned Order and Consideration of Assessee’s Objections
Facts of the CaseThe Commissioner of Income Tax, Delhi-I issued a proposal for
transferring the petitioners’ assessment cases from Delhi to Meerut.The petitioners, including individuals and companies belonging
to the...