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Lachman Dass Bhatia Vs. Assistant Commissioner of Income Tax: Delhi High Court Order on the Withdrawal of Income Tax Appeals to Pursue Alternative Writ Remedies | Section 260A
Facts of the CaseThe case involves a batch of six income tax appeals filed
before the High Court of Delhi, registered under ITA Nos. 724/2010, 725/2010,
726/2010, 727/2010, 728/2010, and 729/2010. The appellant in all ...
Commissioner of Income Tax vs. Anil Kumar Batra (2010) – Delhi High Court Dismisses Revenue’s Appeal under Section 260A of the Income Tax Act Following Earlier Decision in Connected Appeals
Facts of the
Case
The Income Tax Appellate Tribunal passed a common order dated 15
January 2010 disposing of six Revenue appeals relating to different
assessment years.
Aggrieved by the Tribunal's decisi...
Lachman Dass Bhatia vs. Assistant Commissioner of Income Tax: Delhi High Court Permits Strategic Withdrawal of Multiple Statutory Income Tax Appeals (ITA Nos. 724-729/2010) Under Section 260A to Invoke Extraordinary Writ Jurisdiction Under Article 226 of the Constitution of India
Facts of the CaseThe assessee, Lachman Dass Bhatia, filed a series of six
interconnected Income Tax Appeals (ITA Nos. 724 to 729 of 2010) before the High
Court of Delhi. These statutory appeals were directed against th...
Commissioner of Income Tax v. Indian Oil Panipat Power Consortium Ltd. (2010) 2010:DHC:4857-DB | Delhi High Court | Section 260A Income Tax Act | Revenue Appeal Dismissed Following Earlier Decisions
Facts of the Case
The Revenue filed an appeal under Section 260A of the Income Tax
Act, 1961 before the Delhi High Court.
The appeal challenged the order dated 18 September 2009 passed by
the Income Tax A...
Commissioner of Income Tax vs. Indian Oil Panipat Power Consortium Ltd. | Penalty under Section 271(1)(c) Cannot Survive After Dismissal of Quantum Challenge | Delhi High Court
Facts of the
Case
The Income Tax Appellate Tribunal passed a common order dated 29
September 2009 in ITA Nos. 3366/Del/2009 and 3367/Del/2009 relating to
Assessment Years 2001-02 and 2002-03.
The Revenue...
Commissioner of Income Tax vs. M/s Bright Star Investment Pvt. Ltd. | Disallowance of Interest on Overdraft Facility for Interest-Free Advances to Sister Concerns Under Section 36(1)(iii) of the Income Tax Act, 1961
Facts of the Case
The
revenue preferred a series of appeals (ITA Nos. 1062/2009 and others)
spanning multiple assessment years against a common order concerning the
same assessee.
The
assessee...
Commissioner of Income Tax vs. Indian Oil Panipat Power Consortium Ltd. [Delhi High Court] – Penalty under Section 271(1)(c) Dismissed Following Dismissal of Quantum Appeals
Facts of the Case
The Income Tax Appellate Tribunal passed a common order in favour
of the assessee, Indian Oil Panipat Power Consortium Ltd., for Assessment
Years 2001-02 and 2002-03.
The Revenue challen...
Commissioner of Income Tax vs. M/s Housing & Urban Development Corporation Ltd. — Deductibility of Reversed NPA Interest Income as Bad Debt Under Section 36(1)(vii) of the Income Tax Act, 1961
Facts of the CaseIn the assessment year 1998-99, the Assessing Officer (AO)
disallowed a sum of ₹87,23,257/- claimed by the assessee. This amount
represented interest income from Non-Performing Assets (NPA) which had...
Commissioner of Income Tax vs. M/s. Tinbox Pvt. Ltd. – Disallowance of Interest on Overdraft Under Section 36(1)(iii): Jurisdictional Precedent Rules over Contrary Views on Interest-Free Advances to Sister Concerns
Facts of the CaseThe revenue preferred multiple appeals pertaining to different
assessment years relating to the same assessee, wherein a common issue was
raised. The assessee, which was not a manufacturing company but...
Commissioner of Income Tax vs. M/s. Escorts Finance Ltd. (ITA No. 1062/2009 & Others) – Deferment of Interest Disallowance on Advances to Sister Concerns under Section 36(1)(iii) of the Income Tax Act
Facts of the Case
The
Revenue preferred a series of appeals (ITA Nos. 1062/2009, 1772/2010,
1826/2010, 1827/2010, 90/2010, 1165/2010, 1166/2010, 1167/2010, 1169/2010
& 1172/2010) against the asses...