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Commissioner of Income Tax-V vs. Proagro Seed Company (P) Ltd. – Appeal Maintainability Against Levy of Interest under Sections 234A, 234B & 234C of the Income-tax Act, 1961
Facts of the CaseThe assessee, Proagro Seed Company (P) Ltd.,
contended that income derived from the production of hybrid seeds constituted
agricultural income and, therefore, was not liable to income tax. On this
bas...
Assessee v. Income Tax Department – Whether Appeal under Section 260A is Maintainable Against ITAT Order Passed under Section 254(2) of the Income-tax Act, 1961 | Delhi High Court
Facts of the
Case
The Revenue filed an application before the Income Tax Appellate
Tribunal under Section 254(2) of the Income-tax Act, 1961 seeking
rectification of an order.
The Tribunal allowed the Re...
Commissioner of Income Tax vs. M/s. Epicurean Hospitality Services | Section 68 Income Tax Act – Share Application Money Cannot Be Treated as Undisclosed Income When Identity of Shareholders Is Established
Facts of the
Case
The assessee company had received share application money from
various applicants.
The Assessing Officer treated an amount of ₹7,14,000 as unexplained
cash credit under Section 68 of ...
Commissioner of Income Tax vs Flawless Holding & Industries Ltd. | Delhi High Court Upholds Deletion of Addition Towards Alleged Undisclosed Income Due to Lack of Evidence and Denial of Cross-Examination | Section 260A Income Tax Act
Facts of the Case
The Assessing Officer made an addition of ₹21,81,983/- treating the
amount as income from undisclosed sources.
The addition was challenged by the assessee before the Commissioner
of In...
Income Tax Officer Vs. Assessee (ITA 1199/2007) – Validity of Section 148 Reassessment Notice Beyond Four Years Without Approval from the Committee on Disputes (COD)
Facts of the Case
The
revenue department initiated reassessment proceedings against the
respondent/assessee by issuing notices under Section 148 of the
Income Tax Act.
These
reassessment noti...
Commissioner of Income Tax vs. M/s Epicurean Hospitality Services Pvt. Ltd. | Delhi High Court | Section 260A Income Tax Act | Expenditure on Renovation of Kitchen in Rented Premises
Facts of the
Case
The assessee, M/s Epicurean Hospitality Services Pvt. Ltd.,
incurred expenditure amounting to ₹5,67,957/- on renovation and repair of
a kitchen operating from rented premises.
The exp...
Commissioner of Income Tax vs. Insilco Ltd. | Delhi High Court Upholds Deletion of Penalty under Section 271(1)(c) Where Issue is Debatable and No Concealment of Income is Established
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) dated 10 July 2009 for Assessme...
COMMISSIONER OF INCOME TAX vs. ASSESSEE | DELHI HIGH COURT JUDGMENT ON THE VALIDITY OF REASSESSMENT NOTICES ISSUED UNDER SECTION 148 BEYOND THE FOUR-YEAR LIMITATION PERIOD WITHOUT COMMITTEE ON DISPUTES (COD) APPROVAL
Facts of the CaseThe Income Tax Department (Revenue) initiated reassessment
proceedings against the respondent/assessee. The Assessing Officer issued a
statutory notice for reassessment under Section 148 of the Income ...
South Delhi Apartments Pvt. Ltd. vs. Commissioner of Income Tax [2010] 2010:DHC:4652-DB (Delhi High Court) | Scope of Tribunal's Powers under Section 254 and Validity of Property Transfer under Section 2(47) of the Income-tax Act
Facts of the
Case
The assessee company was engaged in the business of real estate
development and transactions.
The original owner, Shri Baljeet Singh Malhotra, entered into a
collaboration agreement wit...
Commissioner of Income Tax vs. Fidelity Technology India Pvt. Ltd. – Foreign Exchange Fluctuation Loss Allowable as Deduction under Section 37(1) of the Income Tax Act, 1961 | Delhi High Court
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 dated 22 August 2008 pertaining to Assessment Year 2003-04.The Ass...