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PR. Commissioner of Income Tax-10, Delhi vs. Shri Tarlok Singh Punihani | Section 69 Income Tax Act | Delhi High Court Judgment (AY 2014–15)
Facts of the
Case
The assessee, Shri Tarlok Singh Punihani, was a partner in M/s
Punihani International.
The Revenue alleged that the assessee purchased 50% of the 10%
share in a property located at Meh...
Kanti Commercials Pvt. Ltd. vs Commissioner of Income Tax – Section 68 Addition on Share Capital Remanded Due to Violation of Natural Justice (Delhi High Court)
Facts of the
CaseThe appellant/assessee, Kanti Commercials Pvt.
Ltd., filed an appeal challenging the order dated 18.01.2023 passed by the
Income Tax Appellate Tribunal (ITAT). The dispute arose from an addition of
â...
PR. Commissioner of Income Tax-3 vs DLF Home Developers Ltd (Delhi High Court) – Section 14A r/w Rule 8D Disallowance | AY 2011-12
Facts of the
Case
The case relates to Assessment Year 2011-12.
The Assessing Officer (AO) made a disallowance of ₹80.66 crore
under Section 14A read with Rule 8D.
Disallowance included:
Interest e...
Pr. Commissioner of Income Tax (Central)-2 vs Gopal Kumar Goyal – Penalty u/s 271(1)(c) Invalid Without Specific Charge | Delhi High Court (AY 2004-05)
Facts of the
CaseThe appeal was filed by the Revenue challenging the
order passed by the Income Tax Appellate Tribunal dated 30.03.2022 (along with
corrigendum dated 08.04.2022). The matter pertained to the imposition...
PR. Commissioner of Income Tax (Central)-1 vs Grand Express Developers Pvt. Ltd. | Delhi High Court | Section 143(2), 292BB | Invalid Assessment Due to Non-Issuance of Mandatory Notice
Facts of the
CaseThe present appeal pertains to Assessment Year
2013–14, wherein the Revenue challenged the order passed by the Income Tax
Appellate Tribunal (ITAT), which upheld the decision of the Commissioner of
...
Resorts Consortium India Limited vs Income Tax Appellate Tribunal SMC-1, Delhi Bench & Ors. – Delay Condonation under Section 260A of Income Tax Act read with Sections 5 & 12 of Limitation Act
Facts of the
CaseThe appellant, Resorts Consortium India Limited,
filed an appeal under Section 260A of the Income Tax Act, 1961
challenging the order dated 20.06.2016/21.06.2016 passed by the Income Tax
Appellate Tr...
Shreyash Retail Private Ltd. vs Deputy Commissioner of Income Tax (TDS Circle 77(1)) & Anr. – Delhi High Court | Section 197, Rule 28AA | Non-Speaking Order & Mechanical Grant of Lower TDS Certificate Set Aside
Facts of the
Case
The Petitioner, engaged in e-commerce retail business, applied for
a Lower Deduction Certificate (LDC) under Section 197 seeking TDS
deduction at 0.01% instead of 1% under Section 194O.
...
Commissioner of Income Tax (International Taxation)-2 vs Cairnhill CIPEF Ltd. | Delhi High Court | Section 163 & 263 Income Tax Act | Non-Existent Entity & Revision Jurisdiction
Facts of the
CaseThe case pertains to Assessment Year 2016–17
involving a share purchase transaction where shares of Mankind Pharmaceutical
Ltd. were sold by Monet Ltd. to Cairnhill CIPEF Ltd. and Cairnhill CGPE Ltd...
Principal Commissioner of Income Tax (Central-1) vs Shri Gautam Bhalla – Reassessment Invalid When Issue Already Pending in Appeal under Section 147 (Third Proviso) & Section 148 of Income Tax Act
Facts of the Case
The assessee filed returns for AY 2010-11 and AY 2011-12.
Additions of ₹4.95 crore and ₹4.62 crore respectively were made
under Section 68.
Assessment was completed under Section 153A ...
PR. COMMISSIONER OF INCOME TAX (CENTRAL-1) vs. SHRI GAUTAM BHALLA – Reassessment Barred on Issues Pending Appeal under Section 147 (Delhi High Court)
Facts of the Case
The assessee, Shri Gautam Bhalla,
was subjected to search and seizure proceedings (2013).
Assessments were completed under Section
153A read with Section 143(3) for AY 2010–11 and AY ...