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Rakshit Jain & Ors. vs Assistant Commissioner of Income Tax (ACIT) (2018:DHC:6382) – Prosecution for Failure to File Income Tax Return under Sections 276CC & 278B of Income Tax Act
Facts of the CaseThe petitioners, including Rakshit Jain, Shravan Gupta,
Arun Mitter, and M/s MGF Developments Ltd., filed petitions under Section
482 Cr.P.C. seeking quashing of criminal proceedings initiated by...
Surendra Kumar Jain vs Principal Commissioner of Income Tax (Central)-III, New Delhi & Anr. – Limitation for Completion of Assessment after ITAT Remand under Sections 153A & 153(2A) of Income Tax Act
Facts of the CaseThe case arises out of search and seizure proceedings
conducted under Section 132 of the Income Tax Act. Pursuant to the search,
block assessments were completed on 28.03.2013.
The
assessee cha...
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 filed multiple appeals (ITA Nos. 985/2018,
988/2018, 989/2018, 990/2018, 991/2018, and 992/2018) against the respondent
assessee, Surya Buildwell Pvt. Ltd., arising out of a consolida...
Rakshit Jain & Others vs Assistant Commissioner of Income Tax (ACIT) – Criminal Prosecution for Failure to File Income Tax Return under Sections 276CC & 278B IT Act Upheld by Delhi High Court
Facts of the Case
Petitioners
included a company (M/s MGF Developments Ltd.) and its directors.
Allegation:
Failure to file income tax return for AY 2011–12 within due date
(30.09.2011).
...
Rakshit Jain & Ors. vs Assistant Commissioner of Income Tax (ACIT) (2018) – Prosecution for Non-Filing of Income Tax Return under Sections 276CC & 278B of Income Tax Act
Facts of the CaseThe present petitions were filed under Section 482 of the
Code of Criminal Procedure, 1973, seeking quashing of criminal proceedings
initiated by the Income Tax Department. The prosecution arose ...
Rakshit Jain & Ors. vs Assistant Commissioner of Income Tax (ACIT) (2018) – Delhi High Court | Prosecution under Section 276CC Income Tax Act
Facts of
the CaseThe petitioners, including Rakshit Jain, Shravan Gupta,
Arun Mitter, and M/s MGF Developments Ltd., filed petitions under Section
482 Cr.P.C. seeking quashing of criminal proceedings initiated ...
PR. Commissioner of Income Tax, Delhi-5 vs M/s Kaane Packaging Pvt. Ltd. (2018) – Appeal Dismissed on Low Tax Effect under CBDT Circular No. 3/2018 | Section 260A Income Tax Act
Facts of the CaseThe present matter arose from appeals filed by the Revenue
before the Delhi High Court under Section 260A of the Income Tax Act, 1961. The
Revenue challenged orders concerning the respondent-assessee, ...
PR. Commissioner of Income Tax, Delhi-5 vs M/s Kaane Packaging Pvt. Ltd. (2018:DHC:8306-DB) – Appeal Dismissed Due to Low Tax Effect under CBDT Circular No. 3/2018
Facts of the CaseThe Revenue (Principal Commissioner of Income Tax, Delhi-5)
filed appeals against the respondent-assessee, M/s Kaane Packaging Pvt. Ltd.,
before the Delhi High Court. The appeals involved certain subst...
Commissioner of Income Tax vs. M/s JRD Stock Brokers Pvt. Ltd. – Section 68 Addition on Accommodation Entries & Peak Credit Theory | Delhi High Court
Facts of the Case
The
assessee was engaged in stock broking and later operated through a private
limited company.
A
search operation revealed that the assessee was involved in providing accommodati...
Director of Income Tax (Exemption) vs Delhi Public School Society (2018) – Section 11(4A) Income Tax Act | Franchise Fee Exemption Case
Facts of the Case
The
Revenue filed multiple appeals against the Delhi Public School Society
concerning Assessment Years 2006-07, 2007-08, 2008-09, and 2009-10.
The
assessee (Delhi Publ...