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Sanjiv vs. ACIT (ITAT): Tribunal Decision on Assessment Additions and Appellate Relief — Findings under Relevant Provisions of the Income-tax Act
Facts of the CaseThe assessee, Sanjiv, was subjected to assessment
proceedings in which the Assessing Officer made certain additions to the
declared income. The assessee challenged these additions before the
Commissio...
Completed Reassessment Cannot Be Reopened Under Ashish Agarwal: Delhi High Court Quashes Fresh Section 148 Proceedings in Akshita Jindal v. ITO (2024)
Facts of the CaseThe petitioner challenged the notice dated 1 June 2022 issued
under Section 148A(b), the order dated 16 July 2022 passed under Section
148A(d), and the consequent notice dated 16 July 2022 under Sectio...
Reassessment Upheld for Non-Disclosure of Material Facts: Delhi High Court Validates Section 147 Action in BDR Builders & Developers Pvt. Ltd. v. ACIT (2024)
Facts of the CaseThe petitioner company challenged a notice dated 31 March 2018
issued under Section 148 of the Income Tax Act, 1961 and the subsequent order
dated 25 September 2018 under Section 148A(d) for Assessment...
ITAT Dismisses Revenue Appeals on Account of Low Tax Effect — CBDT Monetary-Limit Circular Binding | ACIT vs M/s Vindhyawasini (AYs Covered) | Section 268A of Income-tax Act
Facts of the
CaseThe Revenue filed appeals before the Income Tax
Appellate Tribunal (ITAT), Allahabad Bench, challenging the orders passed by
the Commissioner of Income Tax (Appeals) in favour of the assessee for the
...
Revenue Appeals Dismissed by ITAT Due to Low Tax Effect — CBDT Circular on Monetary Limits Applied | ACIT vs M/s Kesarwani & Company (AY 2007-08 to 2009-10) | Section 268A
Facts of the
CaseThe Revenue filed appeals before the Income Tax
Appellate Tribunal (ITAT), Allahabad Bench, challenging the orders of the
Commissioner of Income Tax (Appeals), Allahabad for Assessment Years 2007-08,
...
Income Tax Demand After IBC Resolution Plan Invalid: Delhi High Court Applies “Clean Slate” Principle in National Sewing Thread Co. Ltd. v. DCIT (2024)
Facts of the CaseThe petitioner challenged the Assessment Order dated 22 May
2024 passed under Section 143(3) of the Income Tax Act, 1961 for Assessment
Year 2022–23, along with the consequential Demand Notice under ...
Reassessment Notice Issued in the Name of a Deceased Assessee Is Void Ab Initio; Mandatory Compliance with Section 159 – Vivek Jain (Legal Representative of Late Mahavir Prasad Jain) vs DCIT (Delhi High Court)
Facts of the CaseThe petitioner, Vivek Jain, is the legal representative
of Late Mahavir Prasad Jain, who expired on 7 August 2020. The
fact of death was duly intimated to the Income Tax Department on 18 March
2021.De...
Bandwidth Services Not ‘Royalty’: Delhi High Court Holds Offshore Connectivity Receipts Non-Taxable in India in CIT (International Taxation)-3 v. Telstra Singapore Pvt Ltd. (2024)
Facts of the CaseTelstra Singapore Pte Ltd., a Singapore-incorporated company,
provided international data connectivity services such as private leased
circuits, MPLS, and bandwidth solutions to customers, including In...
Reassessment Notice Issued to Deceased Assessee is Void: Delhi High Court Quashes Proceedings — Smt. Smriti Bhatia (LR of Late Ankur Bhatia) vs ACIT & Anr. (2024)
Facts of the CaseThe writ petition formed part of a batch of cases challenging
reassessment proceedings initiated under the Income-tax Act, 1961 against
assessees who had already passed away prior to issuance of notice...
MAT on Sale of Rural Agricultural Land: Delhi High Court Remits Section 115JB Issue in Pr. CIT-4 v. Gomantak Eximis Ltd. (2024)
Facts of the CaseThe respondent-assessee sold a parcel of land along with
constructed houses during Assessment Year 2006-07 and claimed that the gains
were exempt from taxation on the ground that the property constitut...