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INTEC Corporation vs Principal Commissioner of Income Tax-11, New Delhi (2019:DHC:561-DB) – Section 80-IC Deduction Denied Due to Non-Genuine Manufacturing Activity & Excess Transfer of Old Machinery
Facts of the CaseThe appellant-assessee, INTEC Corporation, filed its return
for Assessment Year 2008–09 declaring income and claiming deduction of ₹3.13
crores under Section 80-IC of the Income Tax Act on ac...
Ashoka Big Ventures & Kabana Agro Foods vs Assistant Commissioner of Income Tax, Circle-63(1), Delhi (2019) – Freezing of Bank Accounts & Withdrawal of Writ Petition with Liberty
Facts of
the CaseThe Petitioners, Ashoka Big Ventures and Kabana
Agro Foods, filed writ petitions before the Delhi High Court challenging
the action of the Income Tax Department in freezing their bank accounts.D...
FIS Global Business Solutions India Pvt. Ltd. vs Principal Commissioner of Income Tax-3, New Delhi & Anr. (2018) – Reassessment Based on Audit Objection Invalid u/s 147/148 of Income Tax Act
Facts of the
Case
The petitioner filed return declaring income, later revised, and
assessment was completed under scrutiny u/s 143(3) read with 144C.
The Assessing Officer issued notice u/s 148 after 4 years ...
Ashoka Big Ventures & Kabana Agro Foods vs Assistant Commissioner of Income Tax, Circle-63(1), Delhi (2019:DHC:7523-DB) – Bank Account Freezing & Withdrawal of Writ Petition under Income Tax Proceedings
Facts of the CaseThe petitioners, Ashoka Big Ventures and Kabana
Agro Foods, approached the Delhi High Court by way of writ petitions
challenging actions of the Income Tax Department whereby their bank accounts
had be...
Rajender Kumar Sehgal vs Income Tax Officer Ward 56(1), New Delhi (2018) – Invalid Reassessment Notice Issued to Deceased Assessee under Sections 147, 148, 159 & 292BB of Income Tax Act
Facts of the
CaseThe case revolves around a reassessment notice
issued under Section 148 of the Income Tax Act to a deceased assessee, late
Smt. Rukmani Sehgal. The assessee had filed her income tax returns regularly,...
PR. Commissioner of Income Tax Delhi-8 vs M/s Sistema Shyam Teleservices Ltd. | Section 260A Income Tax Act | Taxability of Prepaid Cards & Penal Interest Deduction
Facts of the
CaseThe present appeals were filed by the Revenue under
Section 260A of the Income Tax Act, 1961 in respect of Assessment Years
2005-06, 2007-08, and 2008-09 in the case of M/s Sistema Shyam Teleservices
...
Principal Commissioner of Income Tax, Delhi-17 vs M/s Wadhawan Designs (2019) – Bogus Purchases, Section 68 & Section 145(3) – ITAT Error in Applying GP Rate | Delhi High Court Judgment
Facts of
the CaseThe assessee, engaged in garment manufacturing and export,
declared purchases amounting to ₹6.77 crores for raw materials during
Assessment Year 2010–11. These purchases were claimed to hav...
PR. Commissioner of Income Tax-4 vs Indian Sugar Exim Corporation Ltd. (Delhi High Court, 2019) – Penalty u/s 271(1)(c) Time-Barred under Section 275(1)(a)
Facts of the CaseThe Respondent Assessee filed its return of income for
Assessment Year 2009–10 on 30 September 2009. The assessment was completed
under Section 143(3) of the Income Tax Act, 1961 on 1 December 2011.
...
Principal Commissioner of Income Tax-7 vs Padmini VNA Mechatronics Pvt. Ltd. (2019) – Bogus Purchases, Reassessment & Evidentiary Burden under Section 260A
Facts of the Case
The
assessee was engaged in manufacturing automobile and electronic parts.
Reassessment
proceedings were initiated for AY 2008–09 alleging bogus purchases
from certain suppliers...
PR. Commissioner of Income Tax (Central)-2 vs M/s Meroform India Pvt. Ltd. (Delhi High Court) – No Addition u/s 153A Without Incriminating Material | ITA 658–664/2019
Facts of the CaseThe Revenue filed multiple appeals before the Delhi High
Court against a common order of the Income Tax Appellate Tribunal (ITAT)
concerning Assessment Years 2006–07 to 2011–12.A search and seizure...