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Sonia Gandhi & Ors. vs Assistant Commissioner of Income Tax & Ors. (2018) – Reassessment under Sections 147/148 and Applicability of Section 56(2)(vii) of Income Tax Act
Facts of the CaseThe case revolves around reassessment proceedings initiated
against Sonia Gandhi, Rahul Gandhi, and Oscar Fernandes for AY 2011–12.
The
Indian National Congress (INC) had advanced approx...
Oscar Fernandes & Rahul Gandhi vs Income Tax Authorities (Assistant Commissioner of Income Tax & Ors.) | Delhi High Court | W.P.(C) 8483/2018 & Connected Matters (2018:DHC:5799-DB)
Facts of the CaseThe present writ petitions were filed by the petitioners, Oscar
Fernandes and Rahul Gandhi, before the Delhi High Court challenging
proceedings initiated by the Income Tax Authorities. The matters aros...
Principal Commissioner of Income Tax–4 vs Galgotia Software Pvt. Ltd. & Anr. (2018) – Tax Effect Below ₹50 Lakhs | CBDT Circular No. 3/2018 | Delhi High Court
Facts of the CaseThe present matter involves two appeals filed by the Revenue
before the Delhi High Court against Galgotia Software Pvt. Ltd. and Galgotia
Books & Department Store Pvt. Ltd.. The appeals were ...
PR. Commissioner of Income Tax-4 vs Galgotia Software Pvt. Ltd. & Anr. (Delhi High Court, 2018) – Appeal Dismissed Due to Low Tax Effect under CBDT Circular No. 3/2018
Facts of the CaseThe Revenue (Principal Commissioner of Income Tax-4) filed appeals
before the Delhi High Court against:
Galgotia
Software Pvt. Ltd.
Galgotia
Books & Department Store Pvt. Ltd....
PR. Commissioner of Income Tax (Central-3) vs Surya Buildwell Pvt. Ltd. | Delhi High Court | Low Tax Effect Appeals Dismissed under CBDT Circular No. 3/2018
Facts of the CaseThe Revenue (Principal Commissioner of Income Tax,
Central-3) filed multiple appeals before the Delhi High Court against the
assessee, Surya Buildwell Pvt. Ltd., arising out of a consolidated order
pa...
PR. Commissioner of Income Tax-3 vs DLF Hotel Holding Ltd. (2018) 2018:DHC:6313-DB | Section 36(1)(iii) Interest Deduction on Borrowed Funds for Investment in Subsidiaries
Facts of the Case
The
assessee, DLF Hotel Holding Ltd., was engaged in hospitality and
investment activities.
It
had:
Invested
₹1165+ crore in shares of group companies
Ta...
The Pr. Commissioner of Income Tax (Central-3) vs Surya Buildwell Pvt. Ltd. (Delhi High Court) – Appeal Dismissed Due to Low Tax Effect under CBDT Circular No. 3/2018
Facts of the CaseThe Revenue filed multiple appeals before the Delhi High
Court against a consolidated order concerning Surya Buildwell Pvt. Ltd. The
appeals were filed under Section 260A of the Income Tax Act.During t...
Principal Commissioner of Income Tax-7 vs The Basti Sugar Mills Company Limited (2018) – Section 36(1)(iii) Deduction on Interest & Commercial Expediency Explained
Facts of the CaseThe present appeal was filed by the Revenue under Section 260A
of the Income Tax Act against the order of the Income Tax Appellate Tribunal
for Assessment Year 1999–2000. This case represents t...
PR. Commissioner of Income Tax (Central)-3 vs Surya Buildwell Pvt. Ltd. | Delhi High Court | Low Tax Effect Appeals Dismissed under CBDT Circular No. 3/2018
Facts of the CaseThe present matter consists of multiple appeals (ITA Nos.
985, 988, 989, 990, 991, and 992 of 2018) filed by the Revenue against Surya
Buildwell Pvt. Ltd. before the Delhi High Court.These appeals aros...
Surendra Kumar Jain & Virendra Jain vs Principal Commissioner of Income Tax (Central)-III, New Delhi & Anr. (2018) – Delhi High Court | Writ Petitions Allowed | Reference to Lead Case WP(C) 4304/2018
Facts of the CaseThe petitioners, including Surendra Kumar Jain and Virendra
Jain, filed multiple writ petitions before the Delhi High Court against the
Principal Commissioner of Income Tax (Central)-III, New Del...