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PR. Commissioner of Income Tax (Central)-3, New Delhi vs M/s Agson Global Pvt. Ltd. | Section 68, 153A & 260A Income Tax Act | Delhi High Court Judgment (2022:DHC:234-DB)
Facts of the CaseThe present appeals were filed by the Revenue under Section
260A challenging the order of the Income Tax Appellate Tribunal (ITAT)
concerning six Assessment Years (AY 2012-13 to AY 2017-18). The case a...
Commissioner of Income Tax (International Taxation)-2 vs Gracemac Corporation | Delhi High Court | Software Licensing Not Royalty u/s 9(1)(vi) IT Act r/w DTAA
Facts of the CaseThe present appeals were filed by the Revenue under Section
260A of the Income Tax Act, 1961 challenging the order of the Income Tax
Appellate Tribunal (ITAT) for Assessment Years 2005-06 and 2007-08. ...
Pr. Commissioner of Income Tax (Central)-3, New Delhi vs M/s Agson Global Pvt. Ltd. – Section 68, 153A & Bogus Purchases | Delhi High Court Judgment (2022:DHC:234-DB)
Facts of the Case
The
assessee company filed returns for multiple assessment years (AY 2012–13
to AY 2017–18).
A
search and seizure operation was conducted on 21.03.2017.
The
Ass...
Mrs. Jayanti Dalmia vs Deputy Commissioner of Income Tax (Delhi High Court) – Penalty u/s 271(1)(b) for Non-Compliance of Notice u/s 142(1) Upheld
Facts of the CaseThe present appeals were filed by the assessee challenging
the orders dated 31st October 2018 and 20th January 2022 passed by the Income
Tax Appellate Tribunal (ITAT), wherein penalty under Section 271...
Mrs. Jayanti Dalmia vs Deputy Commissioner of Income Tax (Delhi High Court) – Penalty u/s 271(1)(b) for Non-Compliance of Notice u/s 142(1) Upheld Despite Denial of Foreign Bank Account
Facts of the CaseThe present appeals were filed by the assessee challenging
the orders dated 31st October 2018 and 20th January 2022 passed by the Income
Tax Appellate Tribunal (ITAT), whereby the Tribunal upheld the l...
PR. Commissioner of Income Tax (Central)-3, New Delhi vs M/s Agson Global Pvt. Ltd. | Delhi High Court | Section 68, 153A, 143(3) Income Tax Act – Share Capital, Bogus Purchases & Demonetization Cash Deposits
Facts of the CaseThe Revenue filed appeals under Section 260A against a common
order of the ITAT concerning six assessment years (AY 2012–13 to AY 2017–18). The case involved three major additions:
Share
Cap...
Mrs. Jayanti Dalmia vs Deputy Commissioner of Income Tax (Delhi High Court) – Penalty under Section 271(1)(b) for Non-Compliance of Notice u/s 142(1) Upheld
Facts of the CaseThe present appeals were filed by the assessee challenging
the orders of the Income Tax Appellate Tribunal (ITAT), which upheld the
imposition of penalty under Section 271(1)(b) of the Income Tax Act,
...
Mrs. Jayanti Dalmia vs Deputy Commissioner of Income Tax – Penalty u/s 271(1)(b) for Non-Compliance of Notice u/s 142(1) of Income Tax Act Upheld by Delhi High Court
Facts of the CaseThe assessee filed multiple appeals before the Delhi High
Court challenging the orders of the Income Tax Appellate Tribunal (ITAT), which
had upheld the imposition of penalty under Section 271(1)(b) fo...
PR. Commissioner of Income Tax (Central)-3, New Delhi vs M/s Agson Global Pvt. Ltd. (2022) – Section 68, 153A & Bogus Purchases | Delhi High Court
Facts of the CaseThe case arose from multiple appeals filed by the Revenue
under Section 260A of the Income Tax Act against a common order of the ITAT
concerning six assessment years (AY 2012–13 to AY 2017–18). The...
Principal Commissioner of Income Tax-6 vs Moser Baer India Ltd (2022) – Delhi High Court | Appeal Dismissed Due to Company Liquidation | Sections 143(3), 10A, 73A Income Tax Act
Facts of the Case
The assessee filed return declaring significant loss.
Case selected for scrutiny under Section 143(2).
AO passed order under Section 143(3) making:
Addition to book profits under Section ...