Blog Categories
Subscribe to Newsletter
Join our subscribers list to get the latest Tax Updates and Opportunities.
Principal Commissioner of Income Tax vs B.L. Kashyap and Sons Ltd (Delhi High Court) – Section 142(2A), 142(2C) & 292B – Validity of Extension of Time for Special Audit
Facts of the
CaseThe present appeals were filed by the Revenue
challenging a common order passed by the Income Tax Appellate Tribunal
concerning multiple assessment years (AY 2004–05 to AY 2008–09).The core issue ...
P.R. Commissioner of Income Tax (Central-02) vs B.L. Kashyap and Sons Ltd. | Section 142(2A), 142(2C), 292B Income Tax Act – Delhi High Court
Facts of the
CaseThe appeals were filed by the Revenue before the
Delhi High Court challenging a common order dated 30.09.2020 passed by the
Income Tax Appellate Tribunal concerning Assessment Years 2004–05 to 2008â...
P.R. Commissioner of Income Tax (Central) vs B.L. Kashyap and Sons Ltd. | Section 142(2A), 142(2C), 292B – Delhi High Court Judgment (2023)
Facts of the
CaseThe appeals were filed by the Revenue challenging a
common order passed by the Income Tax Appellate Tribunal (ITAT) dated
30.09.2020 concerning multiple assessment years.The central issue arose from t...
PR Commissioner of Income Tax, Central-3 vs Shyam Sunder Jindal (Delhi High Court, 2023) – Notional Interest Addition Deleted u/s 254(2) & Search Assessment Principle
Facts of the
Case
The assessee was alleged to have maintained a foreign bank
account with HSBC, Geneva.
The Tribunal, in earlier proceedings, remanded the issue of
existence of the bank account to the A...
Commissioner of Income Tax (International Taxation)-1, New Delhi vs BBC World Distribution Ltd (Delhi High Court) – Distribution Revenue Not Taxable as Royalty | AY 2008-09
Facts of the
Case
The respondent/assessee, BBC World Distribution Ltd, was
granted non-exclusive global distribution rights by BBC World News
Ltd.
The assessee transferred distribution rights to BBC Wor...
PR Commissioner of Income Tax, Central-3 vs Shyam Sunder Jindal (Delhi High Court) – Section 254(2) | Notional Interest Addition on HSBC Foreign Account | No Incriminating Material Found
Facts of the
CaseThe Revenue filed appeals challenging a common
order passed by the Income Tax Appellate Tribunal (ITAT) under Section 254(2)
of the Income-tax Act for Assessment Years 2008–09 to 2011–12.The case ...
PR. Commissioner of Income Tax, Delhi-7 vs WSP Consultants India Pvt. Ltd. | Delhi High Court | Transfer Pricing | Section 92CA, 143(3), 144C | AY 2012-13
Facts of the
CaseThe assessee, WSP Consultants India Pvt. Ltd.,
filed its return for AY 2012-13 declaring a loss of ₹5.58 crores. The case was
referred to the Transfer Pricing Officer (TPO) under Section 92CA concer...
PR. Commissioner of Income Tax, Central-3 vs Shyam Sunder Jindal | Delhi High Court | Section 254(2) Rectification & Notional Interest Addition
Facts of the
CaseThe Revenue filed multiple appeals challenging a
common order passed by the Income Tax Appellate Tribunal (ITAT) dated
20.12.2019 under Section 254(2) of the Income-tax Act, 1961. The dispute
pertain...
Triveni Enterprises Limited vs Income Tax Officer-25(3) & Anr. (Delhi High Court, 2023) – Challenge to Section 148 Reassessment & Constitutional Validity of Section 115BBE Rejected
Facts of the
CaseThe petitioner, Triveni Enterprises Limited,
filed writ petitions challenging:
Orders dated 25 July 2022 passed under Section 148A(d) of the
Income Tax Act, 1961
Notices issued under Section...
Shourya Infrastructure Pvt. Ltd. vs Income Tax Officer, Ward 23(2) & Anr. | Reassessment u/s 147 Quashed on Grounds of Change of Opinion & Invalid Approval u/s 151 (Delhi High Court)
Facts of the
CaseThe petitioner, Shourya Infrastructure Pvt. Ltd.,
engaged in real estate business, filed its return for AY 2011–12 which was
scrutinized under Section 143(3) of the Income Tax Act, 1961. During scru...