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Pr. Commissioner of Income Tax (Central-02) vs Mera Baba Reality Associates Pvt. Ltd. | Scope of Revision under Section 263 where Assessment under Section 153A was completed after inquiry | Delhi High Court
Facts of the CaseThe assessee was subjected to a search and seizure operation
under Section 132 of the Income Tax Act. During the said search, no
incriminating material relating to the assessee was found. Thereafter, a...
Paradigm Geophysical Pty. Ltd. vs Commissioner of Income Tax (International Taxation)-3, New Delhi | Delhi High Court on Maintainability of Revision Petition under Section 264 vis-à-vis Sections 44BB & 44DA of the Income Tax Act, 1961
Facts of the
CaseThe petitioner, Paradigm Geophysical Pty. Ltd., a
non-resident company and tax resident of Australia, was engaged in providing
and developing software-enabled solutions for the oil and gas industry al...
Principal Commissioner of Income Tax (Central)-2 vs Index Securities Private Limited & Vidhya Shankar Investment Private Limited (Delhi High Court) – Validity of Section 153C Proceedings in Absence of Incriminating Material | Section 153C, Section 132, Section 143(3), Section 68, Income Tax Act, 1961
Facts of the CaseA search operation under Section 132 was conducted on the
Jagat Group and associated persons on 14.09.2010. During the course of the
search, certain documents including trial balances and balance sheet...
Pr. Commissioner of Income Tax–18 vs M/s N.S. Software (Firm) | Reassessment Proceedings under Sections 147/148 – Validity of Notice Beyond Four Years | Delhi High Court
Facts of the
CaseThe assessee, M/s N.S. Software (Firm), was
subjected to reassessment proceedings by the Income Tax Department on the
ground that certain income had allegedly escaped assessment. The reassessment
not...
Pr. Commissioner of Income Tax (Central-02) vs Mera Baba Reality Associates Pvt. Ltd. | Delhi High Court on Scope of Revision under Section 263 in Search Assessments u/s 153A & 153C of Income Tax Act
Facts of the CaseThe assessee, Mera Baba Reality Associates Pvt. Ltd., was
subjected to a search and seizure operation under Section 132 on 14 September
2010. During the search, no incriminating material directly relat...
Pr. Commissioner of Income Tax-2 vs CHL Limited (Delhi High Court) – Section 14A, Director’s Commission, Training Expenses & Interest on Borrowed Funds under Income Tax Act, 1961
Facts of the CaseThe Revenue preferred appeals against the ITAT’s common order
wherein relief had been granted to CHL Limited on multiple tax-related
disallowances made by the Assessing Officer.The Assessing Officer ...
Commissioner of Income Tax (International Taxation)-2 vs LS Cable & Systems Ltd. Korea | Delhi High Court on Taxability of Offshore Supply Income under Income Tax Act & India-Korea DTAA
Facts of the CaseThe Respondent, LS Cable & Systems Ltd., Korea, was
engaged in offshore supply of equipment and materials under a contractual
arrangement connected with an Indian project. The Authority for Advance...
MSD Pharmaceuticals Pvt. Ltd. vs Additional Commissioner of Income Tax & Anr. | Delhi High Court on Transfer Pricing Adjustment u/s 92C, AMP Expenditure & Bright Line Test (AY 2011-12)
Facts of the
CaseThe assessee, MSD Pharmaceuticals Pvt. Ltd., filed
appeals against the order of the Income Tax Appellate Tribunal (ITAT) for
Assessment Year 2011-12 concerning transfer pricing adjustment in relation ...
Pr. Commissioner of Income Tax–18 vs M/s N.S. Software (Firm) | Delhi High Court | Reassessment Proceedings under Sections 147 & 148 of the Income Tax Act – Validity of Notice Beyond Four Years
Facts of the
CaseThe Revenue preferred appeals before the Delhi High
Court against the order in favour of the assessee, M/s N.S. Software (Firm),
challenging the findings relating to reassessment proceedings initiated...
Pr. Commissioner of Income Tax-6, New Delhi vs Monnet Ispat & Energy Ltd. | Delhi High Court on Moratorium under Section 14 IBC and Tax Appeal Proceedings
Facts of the CaseThe Income Tax Department, through the Principal
Commissioner of Income Tax-6, New Delhi, had filed multiple appeals before the
Delhi High Court challenging orders passed by the Income Tax Appellate Tr...