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Commissioner of Income Tax vs Gopal Das Estates & Housing Pvt. Ltd. (Delhi High Court, 2019) – Rental Income as House Property & Compensation on Surrender of Flats as Revenue Expenditure
Facts of the
CaseThe assessee company was engaged in the business of
construction and sale of commercial spaces. It developed a commercial building
known as Gopal Das Bhawan in Connaught Place, New Delhi and fol...
PR. Commissioner of Income Tax–4 vs M/s Granite Services International India Pvt. Ltd. (Delhi High Court, ITA 1413/2018 & 1438/2018) – No Substantial Question of Law in Transfer Pricing Comparables
Facts of the Case
The
Revenue filed appeals against two orders of the Income Tax Appellate
Tribunal (ITAT).
The
ITAT had:
Included
and excluded certain comparables
Remanded
...
Ritu Mishra & Anr. vs Assistant Commissioner of Income Tax, Circle 32(1), New Delhi (2019) – Petition Dismissed in Default After Conviction by Trial Court
Facts of the
CaseThe petitioners, Ritu Mishra and Swadesh
Kumar Mishra, filed petitions before the Delhi High Court challenging
proceedings initiated by the Income Tax Department. During the pendency of
these p...
Indian Railway Stations Development Corporation Ltd. vs. Principal Commissioner of Income Tax-IV (2019) – Deductibility of Expenses & ‘Setting Up of Business’ under Income Tax Act
Facts of the
CaseThe petitioner, a joint venture company
incorporated to redevelop railway stations, filed its return declaring losses
for AY 2013–14. The Assessing Officer disallowed deductions claimed toward...
PR. Commissioner of Income Tax-4 vs Granite Services International India Pvt. Ltd. (2019) – Delhi High Court | Transfer Pricing & Comparable Selection | No Substantial Question of Law
Facts of the Case
The
Revenue filed appeals against ITAT orders for:
Assessment
Year 2010–11 (ITA No. 1486/Del/2015)
Assessment
Year 2011–12 (ITA No. 532/Del/2016)
The
dis...
Commissioner of Income Tax vs Suresh Mittal & Commissioner of Income Tax vs Karan Sawhney – Dismissal of Revenue Appeals on Account of Low Tax Effect as per CBDT Circular (Delhi High Court, 2019)
Facts of the
CaseThe present matter involves three appeals filed by
the Revenue before the Delhi High Court under Section 260A of the Income Tax
Act, 1961. Two appeals were filed against Suresh Mittal and one ag...
PR. Commissioner of Income Tax Delhi-17 vs Rajesh Kumar (2018) – Section 68 Addition on Unconfirmed Trade Creditors | Delhi High Court
Facts of the
CaseThe Revenue filed an appeal under Section 260A
challenging the order of the Income Tax Appellate Tribunal which upheld the
decision of the Commissioner of Income Tax (Appeals). The dispute pertained t...
Commissioner of Income Tax vs Suresh Mittal & Anr. | Low Tax Effect Appeals Dismissed by Delhi High Court (2019:DHC:7387-DB)
Facts of the
CaseThe Revenue filed multiple appeals before the Delhi
High Court, including ITA No. 43/2010, ITA No. 47/2010, and ITA No. 1499/2010,
against the respondents (Suresh Mittal and Karan Sawhney).At th...
Principal Commissioner of Income Tax-9 vs Om Prakash Jakhotia & Anr (2019) – Delhi High Court on Full & True Disclosure under Section 245C and Invalid Retraction of Statement
Facts of the
CaseThe case arose from a search and seizure
operation conducted on 20.01.2012 at the premises of the assessee group
(Jakhotia group) and related entities. During the search:
Cash of ₹35 lakhs a...
Best Cybercity (India) Pvt. Ltd. vs Income Tax Officer, Ward 4(3) & Anr. – Reopening of Assessment u/s 147/148 Beyond Four Years Held Invalid Due to Change of Opinion & Lack of Failure to Disclose Material Facts (Delhi High Court, 2019)
Facts of the CaseThe petitioner company, engaged in real estate development,
filed its return for AY 2011–12 declaring a loss. The case was selected for
scrutiny and detailed questionnaires were issued by the Assessi...