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Pr. Commissioner of Income Tax-6, New Delhi vs NBCC Ltd. | Delhi High Court on Reopening of Assessment under Section 147 without Fresh Tangible Material
Facts of the
CaseThe assessee, NBCC Ltd., had originally undergone
scrutiny assessment under Section 143(3) of the Income Tax Act, 1961 for
Assessment Year 2003–04.Subsequently, the Assessing Officer initiated...
Principal Commissioner of Income Tax (Central)-1 vs Sahara India Financial Corporation Ltd. | Delhi High Court Dismisses Revenue Appeals as Misconceived under Section 260A of the Income Tax Act, 1961
Facts of the CaseThe Revenue preferred multiple appeals before the Delhi High
Court under Section 260A against the impugned order dated 13 December 2016
passed by the Income Tax Appellate Tribunal. The ITAT had dismiss...
Commissioner of Income Tax vs I.T.C. Limited – Whether Royalty Paid to Airports Authority of India for Operating Executive Lounge Constitutes ‘Rent’ Liable for TDS under Section 194-I of the Income Tax Act, 1961 and Applicability of Interest under Section 201(1A) & Penalty under Section 271C
Facts of the CaseITC Limited was awarded a contract by Airports
Authority of India for operating an Executive Lounge at the International
Terminal of IGI Airport after a bidding process.A Licence Agreement was executed...
Pr. Commissioner of Income Tax-6, New Delhi vs NBCC Ltd. | Delhi High Court on Reassessment under Section 147 – Reopening Beyond Four Years Without Fresh Tangible Material Invalid
Facts of the
CaseThe present appeals were preferred by the Revenue
challenging the order passed by the Income Tax Appellate Tribunal (ITAT) in
relation to Assessment Year 2003–04. The Tribunal had allowed the
cross...
Principal Commissioner of Income Tax (Central)-1 vs Sahara India Financial Corporation Ltd. | Delhi High Court on Maintainability of Revenue Appeals Against Dismissal of Assessee’s Cross-Objections under Section 260A of the Income Tax Act, 1961
Facts of the CaseThe Revenue filed multiple appeals before the Delhi High Court
under Section 260A of the Income Tax Act challenging the order dated 13
December 2016 passed by the Income Tax Appellate Tribunal (ITAT). ...
Principal Commissioner of Income Tax (Central)-1 vs Sahara India Financial Corporation Ltd. – Delhi High Court on Section 260A Income Tax Appeals and Binding Precedent in Revenue Matters
Facts of the CaseThe present batch of appeals was filed by the Revenue under Section
260A of the Income-tax Act, 1961 before the Delhi High Court challenging
the order dated 13 December 2016 passed by the Income Tax Ap...
GECAS Services India Pvt. Ltd. vs Income Tax Officer & Ors. Delhi High Court | Validity of Garnishee Proceedings under Section 226(3) of the Income Tax Act, 1961 without Prior Notice to Assessee
Facts of the
CaseThe Petitioner, GECAS Services India Pvt. Ltd., a
wholly owned subsidiary of the GE Group, was engaged in providing marketing
support, liaisoning, and administrative services in connection with aircra...
Commissioner of Income Tax v. I.T.C. Limited | Whether Royalty Paid to Airports Authority of India for Executive Lounge Operations Constitutes “Rent” Liable for TDS under Section 194-I and Penalty under Section 271C of the Income Tax Act, 1961
Facts of the CaseITC Limited was awarded a contract by Airports
Authority of India through a competitive tender process for operating an
Executive Lounge at the international terminal of Indira Gandhi International
Ai...
Principal Commissioner of Income Tax (Central)-1 vs Sahara India Financial Corporation Ltd. | Delhi High Court | Section 260A Income Tax Act | Revenue Appeals Held Misconceived Against Dismissal of Assessee’s Cross-Objections
Facts of the CaseThe Revenue preferred multiple appeals before the Delhi High
Court against a common order of the Income Tax Appellate Tribunal dated 13
December 2016. The ITAT had dismissed the cross-objections filed ...
Taxability of Composite Rental Income from Letting of Furnished Commercial Premises under Sections 56(2)(iii), 24(a) & 57(iii) of the Income Tax Act, 1961 | Delhi High Court
Facts of the
CaseJay Metal Industries Pvt. Ltd., the assessee, had
leased out a commercial building situated at Udyog Vihar, Gurgaon, under a
lease deed dated 5 October 2007, to Feedback Ventures Pvt. Ltd. The lease
...