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Reassessment for AY 2015–16 Issued After 1 April 2021 Liable to Be Dropped Following Revenue Concession in Rajeev Bansal; Section 148 Notice Quashed – Kum Kum Kohli vs. ACIT (Delhi High Court)
Facts of the CaseThe petitioner, Kum Kum Kohli, an individual
assessee, filed a writ petition impugning the order dated 23.07.2022 passed
under Section 148A(d) of the Income-tax Act, 1961 and the consequential notice
...
Reassessment for AY 2015–16 Issued After 1 April 2021 Liable to Be Dropped in View of Revenue Concession in Rajeev Bansal; Section 148 Notice Quashed – Kirti Kumar Dawar vs. ITO (Delhi High Court)
Facts of the CaseThe petitioner, Kirti Kumar Dawar, an individual
assessee, filed a writ petition challenging the order dated 28.07.2022 passed
under Section 148A(d) of the Income-tax Act, 1961 and the consequential no...
Section 149(1)(c) Cannot Revive Time-Barred Reassessment; Notices Beyond Original Limitation Quashed – K.S. Dhingra vs. ACIT (Delhi High Court)
Facts of the CaseThe petitioner, K.S. Dhingra, filed writ petitions
challenging notices issued under Section 148 of the Income-tax Act, 1961
seeking to reopen concluded assessments for Assessment Years 1997–98 and
2...
Acquittal under Sections 276B and 278B Upheld Where Reasonable Cause for Delay in TDS Deposit Established under Section 278AA – ITO vs. MKY Constructions Pvt. Ltd. (Delhi High Court)
Facts of the CaseThe Income Tax Department filed three criminal
leave petitions challenging a common judgment dated 28.10.2021 passed by the
Trial Court acquitting MKY Constructions Private Limited (formerly Action
Br...
Reassessment for AY 2015–16 Issued After 1 April 2021 Liable to Be Dropped in View of Revenue Concession in Rajeev Bansal; Section 148 Notice Quashed – Gain Capital Pvt. Ltd. vs. ACIT (Delhi High Court)
Facts of the CaseThe petitioner, Gain Capital Private Limited,
filed a writ petition impugning the order dated 25.07.2022 passed under Section
148A(d) of the Income-tax Act, 1961 and the consequential notice dated
27....
Reassessment for AY 2015–16 Issued After 1 April 2021 Liable to Be Dropped in View of Revenue Concession in Rajeev Bansal; Section 148 Notice Quashed – Chandra Prakash Srivastava vs. ITO (Delhi High Court)
Facts of the CaseThe petitioner, Chandra Prakash Srivastava,
ex-director of Aten Portfolio Managers Private Limited (now dissolved), filed a
writ petition challenging the order dated 28.07.2022 passed under Section
14...
Extended 16-Year Limitation under Section 149(1)(c) Not Retrospective; Reassessment Notices for Concluded Years Quashed – BJN Holdings (I) Ltd. vs. DCIT (Delhi High Court)
Facts of the CaseBJN Holdings (I) Ltd. filed multiple writ
petitions challenging notices issued under Section 148 of the Income-tax Act,
1961 for various assessment years ranging from AY 1998–99 to AY 2005–06. The
...
Reassessment Notice for AY 2013–14 Issued Beyond Permissible Time under Section 149 Quashed; Limitation Computed as per Rajeev Bansal and Ram Balram Buildhome – Ameya Commercial Projects Pvt. Ltd. vs. ACIT (Delhi High Court)
Facts of the CaseThe petitioner, Ameya Commercial Projects Private
Limited, filed a writ petition challenging the order dated 22.07.2022 passed
under Section 148A(d) of the Income-tax Act, 1961 and the consequential no...
Reassessment Notice Issued Beyond Extended Limitation under Section 149 Quashed; Time Computation Governed by Rajeev Bansal and Ram Balram Buildhome – Accolade Holdings Pvt. Ltd. vs. ITO (Delhi High Court)
Facts of the CaseThe petitioner, Accolade Holdings Private Limited,
formerly known as Blue Eye Entertainment Private Limited, filed a writ petition
challenging the order dated 31.07.2022 passed under Section 148A(d) of...
ITAT Order Set Aside for Lack of Reasoned Findings on Transfer Pricing Comparables; Matter Remanded for Fresh Adjudication – TPG Software Pvt. Ltd. vs. DCIT (Delhi High Court)
Facts of the
CaseThe assessee, TPG
Software Pvt. Ltd., filed an appeal under Section 260A of the Income-tax Act,
1961 challenging the order dated 11.09.2023 passed by the Income Tax Appellate
Tribunal in ITA No. 6468...