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Income Tax Appeal Lawsuit – Commissioner of Income Tax vs. M/S Shri Shyam Sales (2002-03): High Court of Delhi Verdict Dismissing ITA No. 692/2004 Under Section 260A on Grounds of Small Monetary Amounts Involved and Fact-Based Disputes Without Precedent Value
Facts of the CaseThe Revenue Department preferred three interconnected
statutory income tax appeals—specifically ITA Nos. 692/2004, 694/2004, and
695/2004—before the High Court of Delhi. These appeals were preferre...
Commissioner of Income Tax (TDS) vs M/s Japan External Trade Organisation (JETRO) – Penalty under Section 271C for Failure to Deduct TDS on Rent Deleted Due to Bona Fide Belief | Delhi High Court
Facts of the CaseThe respondent-assessee, M/s Japan External Trade
Organisation (JETRO), had made payment of rent to its landlord without
deducting tax at source under Section 194-I of the Income-tax Act.The Income Tax...
Commissioner of Income Tax vs V.X.L. Technology Ltd. – Penalty under Section 271(1)(c) on Assessed Losses and Applicability of Explanation 4 to Section 271(1)(c)
Facts of the CaseThe Revenue filed an appeal before the Delhi High
Court challenging the order of the Income Tax Appellate Tribunal (ITAT), which
had deleted the penalty imposed under Section 271(1)(c) of the Income-ta...
Judicial Precedent on Jurisdictional Satisfaction: Commissioner of Income Tax vs. Shri Shyam Sales – Appellate Scope Under Section 260A and Mandatory Application of the Ratio Decidendi in CIT vs. Ram Commercial Enterprises Ltd.
Facts of the CaseThe Revenue (the Appellant) preferred an appeal before the
High Court of Delhi under the provisions of Section 260A of the Income-tax Act,
1961. This statutory appeal challenged the validity of an appe...
Commissioner of Income Tax vs. Dinesh Gupta (Delhi High Court) – Addition on Basis of DVO Report Without Search Evidence Not Sustainable | Block Assessment | ITA No. 582/2006
Facts of the CaseA search operation was conducted at the premises of the assessee,
Shri Dinesh Gupta. During the block assessment proceedings, the Revenue alleged
that the assessee had invested an amount higher than wh...
Commissioner of Income Tax vs Bal Krishan Gupta (2006) – Section 68 Cash Credit Addition Deleted Where Identity, Creditworthiness and Genuineness of Loan Transactions Were Established | Delhi High Court
Facts of the CaseThe assessee, Shri Bal Krishan Gupta, had received certain
loan amounts which were reflected in his books of account. During assessment
proceedings, the Assessing Officer treated these loans as unexpla...
Commissioner of Income Tax v. M/s P.S.B. Housing Finance Ltd. (2006) – Penalty under Section 271(1)(c) in Cases of Assessed Loss/Minus Income after Insertion of Explanation
Facts of the
CaseThe assessee, M/s P.S.B. Housing Finance Ltd.,
was subjected to penalty proceedings under Section 271(1)(c) of the
Income-tax Act, 1961. The Income Tax Appellate Tribunal (ITAT) had deleted the
penal...
Commissioner of Income Tax, Delhi vs Ashok Nagrath – Penalty Deletion Upheld for Bona Fide Claim under Section 80HHC | Delhi High Court | Section 271(1)(c) of the Income-tax Act
Facts of the CaseThe Revenue challenged the order of the Income Tax Appellate
Tribunal whereby the penalty imposed upon the assessee under Section 271(1)(c)
of the Income-tax Act was deleted.The Commissioner of Income ...
Commissioner of Income Tax vs Vikramajit Singh – Whether Penalty under Section 271E Can Be Levied for Repayment of Loan in Cash Prior to Amendment of Section 269T? (Delhi High Court)
Facts of the CaseThe assessee, Vikramajit Singh, had repaid an amount received
from a sister concern, which according to the Revenue constituted repayment of
a loan. The Assessing Officer held that such repayment was m...
Commissioner of Income Tax v. M/s Trina Quebic Grears Ltd. – Penalty under Section 271(1)(c) in Loss Assessment Cases and Applicability of Explanation
Facts of the
CaseThe Revenue preferred an appeal before the Delhi
High Court challenging the order of the Income Tax Appellate Tribunal (ITAT),
which had deleted the penalty imposed under Section 271(1)(c) of the Inco...