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Income Tax Officer vs. M/s Delhi Iron Works (P) Ltd. & Ors. | Mandatory Notice under Section 2(35) for Prosecution under Section 276-B of Income Tax Act
Facts
of the Case·
The petitioner (Income Tax Officer)
filed complaints before the Additional Chief Metropolitan Magistrate (ACMM)
seeking to summon, try, and punish t...
Commissioner of Income Tax vs. Jagatjit Industries Ltd. – Deferred Revenue Expenditure Allowed Over Multiple Years Cannot Subsequently Be Treated Under Section 35D | Delhi High Court
Facts of the CaseThe assessee incurred expenditure amounting to approximately
₹1.56 crore during Assessment Year 1995-96 for establishing its business
relating to the manufacture and sale of beer and cold drinks. The...
Income Tax Officer vs. M/S Delhi Iron Works (P) Ltd. & Ors. | Prosecution Under Section 276-B and the Necessity of Notice Under Section 2(35)
Facts
of the Case·
The Income Tax Officer (petitioner)
filed complaints before the ACMM to summon, try, and punish the respondents
under Section 276-B of the Income Ta...
Madhu Lalwani vs Commissioner of Income Tax, Delhi (2011:DHC:198-DB) – Return of Seized Jewellery and Refund of Tax Deposit after Deletion of Addition under Section 69A of the Income Tax Act
Facts of the Case
On
19 August 1993, the Income Tax Department conducted a search and seizure
operation under Section 132 of the Income Tax Act, 1961 at the residential
premises of Madhu Lalwani and s...
Income Tax Officer vs M/S Delhi Iron Works (P) Ltd. & Ors. | Prosecution Under Section 276-B Requires Notice Under Section 2(35) of the Income Tax Act
Facts
of the Case·
The petitioner, the Income Tax Officer,
filed complaints before the Additional Chief Metropolitan Magistrate (ACMM) to
summon, try, and punish the r...
Income Tax Officer vs. M/s Delhi Iron Works (P) Ltd. & Ors.: Mandatory Notice under Section 2(35) for Prosecution of Directors under Section 276-B
Facts
of the Case·
The petitioner (Income Tax Officer)
filed complaints before the Additional Chief Metropolitan Magistrate (ACMM) to
summon, try, and punish the respo...
Central Warehousing Corporation v. Assistant Commissioner of Income Tax & Commissioner of Income Tax | Delhi High Court | Reassessment under Sections 147/148 based on Orissa State Warehousing Corporation Judgment – Change of Opinion Doctrine and Section 10(29) Exemption
Facts of the Case
Central
Warehousing Corporation (CWC), a Government of India undertaking
constituted under the Warehousing Corporations Act, 1962, derived income
primarily from warehousing and stora...
Income Tax Officer Vs. M/s Delhi Iron Works (P) Ltd.: Mandatory Notice Under Section 2(35) for Prosecution Under Section 276-B of Income Tax Act
Facts
of the Case·
The petitioner filed complaints before
the ACMM praying that the respondents be summoned, tried, and punished under
Section 276-B of the Income Tax ...
Commissioner of Income Tax v. Splender Construction (2011) 2011:DHC:231-DB | Penalty under Section 271(1)(c) for Wrong Claim of Long-Term Capital Gain on Conversion of Stock-in-Trade into Investment
Facts of the CaseThe assessee company filed its return of income for Assessment
Year 2003-04 declaring total income of ₹1,78,64,668.During scrutiny assessment, the Assessing Officer noticed that
the assessee had decl...
Income Tax Officer vs. M/s Delhi Iron Works (P) Ltd. & Ors.
Facts
of the Case·
The Petitioner (Income Tax
Department) filed criminal complaints before the Additional Chief Metropolitan
Magistrate (ACMM) against the respondents ...