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Rakesh Kumar Aggarwal vs Commissioner of Income Tax (Delhi) – Rejection of Security Offered for Stay of Tax Recovery Proceedings, Scope of Commissioner’s Discretion and Limited Judicial Review by Delhi High Court (CW 5385/2003, Order Dated 17 November 2003)
Facts of the CaseThe petitioner, Rakesh Kumar Aggarwal, filed a writ petition
challenging the order dated 24/25 July 2003 passed by the Commissioner of
Income Tax, Delhi-XIII, New Delhi. By the impugned order, the Comm...
Commissioner of Income Tax vs M/s Ansal Housing & Construction – Power of ITAT to Recall Ex Parte Order and Restore Appeal Under Rule 24 of the ITAT Rules, 1963 | Section 255, Income-tax Act, 1961
Facts of the CaseThe Revenue filed an appeal before the Delhi High
Court challenging the order of the Income Tax Appellate Tribunal (ITAT),
whereby the Tribunal had allowed the assessee’s application seeking recall o...
Commissioner of Income Tax-VI, New Delhi vs M/s Tej Quebecor Printing Ltd. – Depreciation on Foreign Exchange Fluctuation Adjustment under Section 43A of the Income-tax Act, 1961 on Imported Capital Assets and Foreign Currency Loans
Facts of the CaseThe Revenue filed an appeal before the Delhi High Court
under Section 260A of the Income-tax Act, 1961 challenging the order of the
Income Tax Appellate Tribunal (ITAT) for Assessment Year 1996-97. The...
Commissioner of Income Tax-VIII, New Delhi vs IFFCO Limited (Delhi High Court) – Section 43A & Section 260A of the Income-tax Act, 1961 | Depreciation on Imported Capital Assets Adjusted for Foreign Exchange Fluctuation | Allowability of Enhanced Depreciation Based on Exchange Rate Variation | Scope of Actual Cost Adjustment Under Section 43A
Facts of the CaseThe Revenue filed an appeal before the Delhi High Court
under Section 260A of the Income-tax Act, 1961, challenging the order of the
Income Tax Appellate Tribunal relating to Assessment Year 1991-92.Th...
Sita World Travel (India) Ltd. vs Commissioner of Income Tax, Delhi & Another (Delhi High Court) – Reassessment under Sections 147/148 Invalid Due to Mere Change of Opinion and Full Disclosure of Material Facts
Facts of the
CaseThe petitioner, Sita World Travel (India) Ltd., was
engaged in the business of providing travel and tour operator services to
foreign tourists. The company earned commission from hotels, airline...
Chanderpal Singh vs Income Tax Officer [Delhi High Court] – Whether Mere Confirmation of Loan and Production of Creditor Discharges Onus under Section 68? Creditworthiness, Genuineness of Cash Credits and Maintainability of Appeal under Section 260A
Facts of the CaseThe assessee, Chanderpal Singh, filed an appeal before the
Delhi High Court under Section 260A of the Income-tax Act, 1961 against the
order of the Income Tax Appellate Tribunal (ITAT) relating to Asse...
Commissioner of Income Tax-VIII, New Delhi vs IFFCO Limited (Delhi High Court) – Section 43A & Section 260A of the Income-tax Act, 1961 – Depreciation on Increased Cost of Imported Plant & Machinery Due to Foreign Exchange Fluctuation – Adjustment to Actual Cost and Written Down Value for Depreciation Purposes
Facts of the CaseThe Revenue filed an appeal under Section 260A of the
Income-tax Act, 1961 challenging the order of the Income Tax Appellate Tribunal
(ITAT) relating to Assessment Year 1992-93. The dispute concerned t...
Sita World Travel (India) Ltd. vs Commissioner of Income Tax, Delhi & Another (Delhi High Court) – Reassessment under Sections 147/148 Invalid Due to Mere Change of Opinion and Full Disclosure of Material Facts
Facts of the
CaseThe petitioner, Sita World Travel (India) Ltd., was
engaged in the business of providing travel and tour operator services to
foreign tourists. The company earned commission from hotels, airline...
M/s Prem Nath Goel & Co. vs Commissioner of Income Tax (Delhi High Court) – Section 68 Unexplained Cash Credit Addition Confirmed as Assessee Failed to Establish Creditworthiness of Creditors, Availability of Funds and Genuineness of Loan Transactions
Facts of the CaseThe assessee, M/s Prem Nath Goel & Co., filed an
appeal before the Delhi High Court under Section 260A of the Income-tax Act
challenging the order of the Income Tax Appellate Tribunal (ITAT) dated
...
Vinod Aggarwal & Another vs Income Tax Settlement Commission & Another – Whether Settlement Commission Can Modify an Order Granting Waiver of Interest Under Sections 154 and 245D(4) of the Income-tax Act, 1961
Facts of the
CaseThe petitioners challenged an order dated
22.03.2004 passed by the Income Tax Settlement Commission. The Commission
purportedly exercised its powers under Section 154 of the Income-tax Act, 1961,
to ...