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Unsecured Loan under Section 68 Held Genuine; No Requirement to Prove Source of Source Prior to Finance Act 2022 – PCIT-4 vs. KRBL Infrastructure Ltd. (Delhi HC)
Facts of the CaseA search and seizure operation under Section 132 was
conducted on the KRBL Group on 30.03.2016. Pursuant thereto, assessment for
Assessment Year 2014-15 was completed under Section 153A read with Secti...
No Addition under Section 153A in Absence of Incriminating Material for Unabated Year; Revenue Appeal Dismissed Following Abhisar Buildwell – PCIT-1 vs. Mirage Homes Pvt. Ltd. (Delhi HC)
Facts of the CaseThe Revenue filed an appeal under Section 260A of the
Income-tax Act challenging the order dated 16.05.2023 passed by the Income Tax
Appellate Tribunal in ITA No. 2624/DEL/2016 relating to Assessment Y...
No Addition under Section 153A in Absence of Incriminating Material for Unabated Year; Revenue Appeal Dismissed Following Abhisar Buildwell – PCIT-1 vs. Mirage Homes Pvt. Ltd. (Delhi HC)
Facts of the CaseThe Revenue filed an appeal under Section 260A of the
Income-tax Act challenging the order dated 16.05.2023 passed by the Income Tax
Appellate Tribunal in ITA No. 2624/DEL/2016 relating to Assessment Y...
Reopening Quashed for Change of Opinion; Survey-Based Comparison with Subsequent Year Data Invalid – Matrix Clothing Pvt. Ltd. vs. ACIT (Delhi HC)
Facts of the CaseThe petitioner, Matrix Clothing Private Limited, filed two
writ petitions challenging notices dated 31.03.2019 issued under Section 148 of
the Income-tax Act for Assessment Years 2014-15 and 2015-16 an...
Excess Cash Deposits Held Unexplained; No Substantial Question of Law under Section 260A – Kross Diamonds Pvt. Ltd. vs. ITO Ward 14(3) (Delhi HC)
Facts of the CaseThe assessee, Kross Diamonds Pvt. Ltd., filed appeals under
Section 260A of the Income-tax Act challenging a common order dated 18.12.2024
passed by the Income Tax Appellate Tribunal. The Tribunal had ...
Concurrent Jurisdiction of Jurisdictional AO and Faceless AO Reaffirmed; Reassessment Notices Upheld Despite Section 151A Challenge – Inder Dev Gupta vs. ACIT (Delhi HC)
Facts of the CaseA batch of writ petitions was filed by Inder Dev Gupta and connected
petitioners challenging notices issued under Section 148 of the Income-tax Act
by the Jurisdictional Assessing Officer of Central Ci...
Seized Jewellery, Bullion and Cash Directed to Be Released on Deposit of Advance Tax; Search Proceedings Pending under Section 158BC – Ananya Vir vs. ACIT Central Circle-27 (Delhi High Court)
Facts of the
CaseA batch of writ petitions, including that of the
petitioner Ananya Vir, was filed before the Delhi High Court by members of the
same family challenging continued retention of gold jewellery, bullion,
...
Reassessment Quashed as Time-Barred Where Notice Dispatched After Limitation Despite ITBA Generation Before Cut-Off – Grid Solutions SAS vs. ACIT (Delhi HC)
Facts of the CaseThe petitioner, Grid Solutions SAS, filed a writ petition
challenging the notice dated 30.03.2025 issued under Section 148A(1) of the Income-tax
Act for Assessment Year 2019–20, the order dated 30.06...
Receipts from Off-the-Shelf Software, Bandwidth and IT Support Services Not Taxable as Royalty or FTS under India–Singapore DTAA; Revenue Appeals Dismissed – CIT (International Taxation) vs. DXC Technology Services Singapore (Delhi HC)
Facts of the CaseThe Revenue filed appeals under Section 260A of the Income-tax
Act challenging a common order dated 10.10.2023 passed by the Income Tax
Appellate Tribunal in respect of Assessment Years 2011-12 to 2014...
Reassessment for AY 2015–16 Quashed as Time-Barred; TOLA Inapplicable Post Rajeev Bansal – Anju Khosla vs. ITO Ward 15(1) (Delhi HC)
Facts of the CaseThe petitioner, Anju Khosla, challenged a notice dated
26.08.2024 issued under Section 148A(b) of the Income-tax Act for Assessment
Year 2015–16, the order dated 31.08.2024 passed under Section 148A(...