Blog Categories
Subscribe to Newsletter
Join our subscribers list to get the latest Tax Updates and Opportunities.
Sarita Sagar vs Income Tax Officer Ward 70(1) & Ors. | Delhi High Court | W.P.(C) 7635/2023 | Recall Application Dismissed After Statutory Appeal Filed
Facts of the Case
The
petitioner initially filed a writ petition under Article 226.
During
earlier proceedings, counsel for the petitioner submitted that the writ
petition be withdrawn since the as...
Commissioner of Income Tax (International Taxation)-2 vs L.G. Electronics Inc. Korea (Delhi High Court) – Appeal Closed with Liberty to File Writ Petition under Income Tax Act
Facts of the Case
The
Revenue (Appellant) filed appeals challenging the order dated 31.10.2022
passed by the Income Tax Appellate Tribunal (ITAT).
The
appeals pertained to Assessment Years 2015–1...
PR. Commissioner of Income Tax (Central)-2 vs Nagar Dairy Pvt. Ltd. (Delhi High Court) – Section 153C – No Addition Without Incriminating Material
Facts of the Case
The
Revenue filed an appeal against the order of the Income Tax Appellate
Tribunal dated 23.11.2022.
The
case pertains to Assessment Year (AY) 2009–10.
A
search and sei...
Samtel Glass Limited vs Deputy Commissioner of Income Tax Circle 22(1), Delhi & Anr. (Delhi High Court) – Disallowance of Business Loss on Security Deposit Forfeiture under Income Tax Law
Facts of the CaseThe appellant, Samtel Glass Limited, filed an appeal
concerning Assessment Year 2015–16 challenging the order of the Income Tax
Appellate Tribunal (ITAT), which upheld an addition of ₹8,55,17,103/-...
Pr. Commissioner of Income Tax-6 vs Minda SM Technocast Pvt. Ltd. – Applicability of Rule 11UA for Share Valuation under Section 56 (AY 2014-15)
Facts of the Case
The
assessee purchased 48% equity shares of Tuff Engineering Pvt. Ltd.
(TEPL) at ₹5 per share.
A
Chartered Accountant valuation report determined the fair market value at
...
Mansi Garg & Ors. vs Commissioner of Income Tax & Ors. | Delhi High Court | Wrongful Property Attachment under Income Tax Proceedings
Facts of the CaseThe petitioners approached the High Court seeking relief
against an attachment notice dated 15.03.2010 issued by the Income Tax
Department. The notice wrongly treated the entire property located at C-2...
Max Life Insurance Company Limited vs Assistant Commissioner of Income Tax Circle-10(1), Delhi & Another – Refund of Excess Tax Recovery Beyond 20% Demand | Delhi High Court Judgment (2023)
Facts of the Case
The
petitioner, Max Life Insurance Company Limited, faced a tax demand of
approximately ₹221 crores for AY 2017–18.
The
Revenue adjusted refunds from earlier years (AY 2013–...
PR. Commissioner of Income Tax (Central-3) vs ARN Infrastructure Ltd. – Addition Based Solely on Statement under Section 133A Unsustainable | Delhi High Court
Facts of the CaseThe respondent/assessee, ARN Infrastructure Ltd., is engaged
in real estate development and construction across NCR. It entered into an
agreement with Real Gain Estates Pvt. Ltd., appointing it a...
M/s Om Shiva Traders Pvt. Ltd. vs Income Tax Officer Ward 13(4), New Delhi & Anr. – Delhi High Court | Section 68 Income Tax Act | Non-Speaking ITAT Order Set Aside
Facts of the CaseThe assessee, M/s Om Shiva Traders Pvt. Ltd., received ₹3
crores in the form of share capital and share premium during Assessment Year
2008–09. The investments were made by two entities:
₹2
...
PR. Commissioner of Income Tax-7, Delhi vs Xerox India Ltd. (Previously Known as Xerox Modicorp Ltd.) – Delhi High Court | AY 2009-10 | AMP Adjustment & International Transaction
Facts of the CaseThe present appeal was filed by the Revenue (Appellant) before
the Delhi High Court challenging the order dated 19.10.2022 passed by the
Income Tax Appellate Tribunal (ITAT) concerning Assessment Year ...