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Vardhman Associates Pvt. Ltd. & Anr. vs Director of Income Tax Investigation-I & Ors. | Challenge to Search Proceedings and Notices under Sections 153A & 142(1) of the Income Tax Act, 1961
Facts of the Case
A search action was conducted in relation to the petitioners.
Pursuant to the search, a notice dated 17 July 2006 was issued
under Section 153A of the Income Tax Act, 1961.
Further notices d...
Sachin Jain vs Director of Income Tax Investigation & Others – Challenge to Notices Issued Under Sections 153A and 142(1) of the Income-tax Act Following Search Proceedings | Delhi High Court
Facts of the CaseThe petitioner, Sachin Jain, approached the Delhi
High Court challenging a notice dated 17 July 2006 issued under Section 153A
of the Income-tax Act, 1961. The petitioner also challenged another set of...
Commissioner of Income Tax v. Noble & Hewitt (India) Pvt. Ltd. – Disallowance under Section 43B Not Permissible Where No Deduction Was Claimed | Delhi High Court
Facts of the
CaseThe assessee, Noble & Hewitt (India) Pvt. Ltd.,
was following the mercantile system of accounting. During the relevant
assessment year 1999-2000, a portion of a statutory liability amounting to
a...
Commissioner of Income Tax vs. Assessee Manufacturing Toners and Developers – Foreign Exchange Fluctuation Loss on External Commercial Borrowing Allowable as Revenue Expenditure | Delhi High Court
Facts of the CaseThe assessee was engaged in the business of manufacturing
toners and developers. For its project activities, it had initially availed
term loans from banks and financial institutions. The interest liab...
Commissioner of Income Tax vs. M/s Bharat Hotels Limited (Delhi High Court) – Penalty under Section 271(1)(c) Cannot Be Sustained Without Recorded Satisfaction of Assessing Officer
Facts of the Case
The Assessing Officer levied penalty under Section 271(1)(c) of the
Income Tax Act against M/s Bharat Hotels Limited for Assessment Years
1995-96 and 1996-97.
The Commissioner of Income ...
A. B. Hotels Limited vs Commissioner of Income Tax [Delhi High Court] – Scope of Rectification under Section 254(2) and Levy of Interest under Sections 201(1) & 201(1A) of the Income-tax Act, 1961
Facts of the CaseA batch of eight appeals arose from a common order of the
Income Tax Appellate Tribunal dated 15.06.2007 passed in Miscellaneous
Application No. 328/Del/2006 relating to Financial Years 1994-95 to 2000...
Birla Vidya Niketan v. Income Tax Officer | Delhi High Court on Taxability of Concessional Education Facilities to Employees’ Children under Rule 3(5) and Sections 201(1) & 201(1A) of the Income-tax Act
Facts of the
CaseBirla Vidya Niketan, a public school run by a
registered society, provided concessional educational facilities to the
children of its teachers and other employees. During an examination of the
school...
Birla Vidya Niketan v. Income Tax Officer | Delhi High Court on Taxability of Concessional Educational Facilities Provided to Employees’ Children under Rule 3(5) and Sections 201(1), 201(1A) of the Income-tax Act
Facts of the
CaseThe assessee, Birla Vidya Niketan, is a public
school run by a registered society. During examination of its books of account
for the financial years commencing from 2000-01, the Income Tax Department...
A.B. Hotels Ltd. vs Commissioner of Income Tax (Delhi High Court) – Rectification under Section 254(2), TDS Default under Section 201(1), and Interest Liability under Section 201(1A) of the Income-tax Act, 1961
Facts of the Case
The
assessee, A.B. Hotels Ltd., filed appeals arising from a common order of
the Income Tax Appellate Tribunal relating to multiple financial years
from 1994-95 to 2001-02.
E...
Books of Account Go Digital: New Income-tax Act Recognises Cloud Storage but Imposes Data Localisation Requirements
Books of Account Go Digital:
New Income-tax Act Recognises Cloud Storage but Imposes Data Localisation
Requirements A Significant Expansion in the
Definition of Books of Account The Income-tax Act, 2025 has
...