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Pr. Commissioner of Income Tax-7 vs Prosperous Buildcon Pvt. Ltd. (Delhi High Court) – Section 263 & Section 40A(3) | Scope of Reassessment & Revision Explained
Facts of the
Case
The assessee filed its return declaring nil income, which
was processed under Section 143(1).
Reassessment proceedings were initiated under Section 148 based on
information regarding c...
Ganesh Dass Khanna & Connected Matters vs Income Tax Officer & Ors (Delhi High Court, 2023) – Reassessment Notices Under Section 148 Held Time-Barred Below ₹50 Lakh Threshold
Facts of the
Case
Multiple writ petitions were filed challenging reassessment notices
for AY 2016-17 and 2017-18.
Notices were issued under Section 148 after amendments introduced
by Finance Act, 2021. ...
Pr. Commissioner of Income Tax (Central)-2 vs. Electrical and Electronic India Ltd. — Section 69 (Unexplained Investment) | Protective vs Substantive Addition | No Substantial Question of Law
Facts of the
Case
The assessee allegedly made investments amounting to ₹4,05,00,000
in the JP Minda Group.
The Assessing Officer made:
Substantive addition in
the hands of JP Minda Group.
...
Ganesh Dass Khanna & Ors. vs Income Tax Officer & Ors. – Delhi High Court on Limitation under Section 149 for Reassessment Notices (AY 2016–17 & 2017–18)
Facts of the
CaseThe present batch of writ petitions involved
multiple assessees challenging reassessment proceedings initiated by the Income
Tax Department for Assessment Years 2016–17 and 2017–18. The core issue...
Priyanka Saraswat Dev Alias Raksha vs Deputy Commissioner of Income Tax & Anr | Delhi High Court | Sections 144 & 153A Income Tax Act | Access to Justice & Supply of Seized Documents
Facts of the
CaseThe petitioner, Priyanka Saraswat Dev (alias Raksha),
filed the present writ petition seeking relief similar to that granted in a
related matter involving her husband (W.P.(C) 4649/2022).The husbandâ€...
Vishesh Khanna vs Deputy Commissioner of Income Tax & Ors. | Delhi High Court | Section 205 Income Tax Act – TDS Recovery Bar Case
Facts of the
Case
The petitioner challenged outstanding tax demands raised for Assessment
Years 2012–13 and 2013–14.
The demand arose despite tax already being deducted at source by
the employer.
...
Ganesh Dass Khanna & Ors. vs Income Tax Officer & Ors. – Reassessment Limitation under Section 149(1) of Income Tax Act Clarified (Delhi High Court, 2023)
Facts of the
Case
Multiple writ petitions were filed challenging reassessment notices
for AY 2016-17 and 2017-18.
Notices under Section 148 were issued after the Finance Act, 2021
came into force.
Th...
Ganesh Dass Khanna & Connected Matters vs Income Tax Officer & Ors | Delhi High Court | Reassessment Notices u/s 148 Held Time-Barred Where Escaped Income Below ₹50 Lakhs
Facts of the
Case
Multiple writ petitions were filed challenging reassessment notices
issued under Section 148 for AYs 2016-17 and 2017-18.
The alleged escaped income in all cases was less than ₹50 lakhs.
...
Ganesh Dass Khanna & Connected Matters vs Income Tax Officer & Ors. (Delhi High Court, 2023) – Reassessment Limitation under Sections 148 & 149 Explained
Facts of the
Case
Multiple writ petitions were filed challenging reassessment notices
issued under Section 148 for AYs 2016–17 and 2017–18.
The petitioners contended that the alleged escaped income in all...
Ganesh Dass Khanna & Connected Matters vs Income Tax Officer & Ors. (2023) – Reassessment Notices Beyond Limitation Held Invalid under Section 149
Facts of the
CaseThe present batch of writ petitions involved
multiple assessees challenging reassessment notices issued under Section 148 of
the Income Tax Act for Assessment Years 2016–17 and 2017–18. The centra...