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Commissioner of Income Tax vs Rajiv Gupta & Ajay Kumar Gupta (Delhi High Court) – Section 145(3) Rejection of Books in Bogus Cash Sales & Accommodation Entries
Facts of the CaseThe present appeals were filed by the Revenue against a
common order passed by the Income Tax Appellate Tribunal (ITAT) concerning
Assessment Year 1998–99. The respondents/assessees, Rajiv Gupta and ...
Commissioner of Income Tax vs Select Infrastructure Pvt. Ltd. | Delhi High Court | Section 22, 28, 32 Income Tax Act | Income Classification Between Business Income and House Property
Facts of the
CaseThe Revenue filed multiple appeals before the Delhi
High Court against the order of the Income Tax Appellate Tribunal (ITAT). The
core dispute arose from the classification of income earned by the ass...
M/s Dabur Invest Corp vs Additional Commissioner of Income Tax & Anr (2019) – Delhi High Court | Provisional Attachment under Section 281B Set Aside
Facts of the CaseThe Petitioner, M/s Dabur Invest Corp, a partnership firm,
entered into a joint venture agreement with a foreign company for promoting
Aviva Life Insurance Company India Ltd. The agreement involved rec...
Commissioner of Income Tax vs Select Infrastructure Pvt. Ltd. (Delhi High Court) – Bifurcation of Income under “Business Income” and “House Property”
Facts of the
CaseThe present matter involves multiple appeals filed
by the Revenue (Commissioner of Income Tax) against the respondent assessee,
Select Infrastructure Pvt. Ltd. The dispute arose from the classificatio...
Commissioner of Income Tax vs Gopal Das Estates & Housing Pvt. Ltd. (2019) – Section 37 & 260A Income Tax Act | Compensation on Surrender of Flats Held as Revenue Expenditur
Facts of
the Case
The
assessee, engaged in construction and sale of commercial spaces, developed
a multi-storey building.
It
followed the Completed Contract Method (CCM) for revenue
r...
PR. Commissioner of Income Tax vs M/s Sahara India Life Insurance Company Ltd (Delhi High Court) – Section 44 Insurance Income Computation, Reassessment u/s 147 & Penalty u/s 271(1)(c)
Facts of the CaseThe present matter involves multiple appeals filed by the
Revenue before the Delhi High Court against a common order passed by the Income
Tax Appellate Tribunal (ITAT) dated 31 October 2018 concerning ...
Commissioner of Income Tax vs Select Infrastructure Pvt. Ltd. (Delhi High Court) – Income Classification under Business Income vs House Property
Facts of the
CaseThe present case involves appeals filed by the
Commissioner of Income Tax against Select Infrastructure Pvt. Ltd. regarding
the classification of income derived by the assessee. The core dispute arose...
Commissioner of Income Tax vs Gopal Das Estates & Housing Pvt. Ltd. (2019) – Compensation to Buyers Allowed as Revenue Expenditure u/s 37(1), Rental Income from Stock-in-Trade Taxable as House Property Income
Facts of the CaseThe assessee company was engaged in construction and sale of
commercial spaces and followed the Completed Contract Method (CCM) of
accounting. It developed a commercial building (Gopal Das Bhawan...
PR. Commissioner of Income Tax-5 vs Jubilant Energy NELP-V Pvt. Ltd. (Delhi High Court, 2018) – Deductibility of Interest under Section 57 & Business Set-Up Doctrine
Facts of the
CaseThe present appeal was filed by the Revenue under
Section 260A of the Income Tax Act, 1961 for Assessment Year 2011–12 against
the order of the Income Tax Appellate Tribunal.The respondent-assessee,...
Commissioner of Income Tax vs Gopal Das Estates & Housing Pvt. Ltd. | Section 260A – Allowability of Compensation as Revenue Expenditure & Treatment of Rental Income
Facts of the CaseThe assessee, engaged in construction and sale of commercial
properties, developed a multi-storey commercial complex and followed the Completed
Contract Method (CCM) for accounting. Due to a chan...