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PR Commissioner of Income Tax–Delhi-04 vs Nikon Systems Pvt. Ltd. (Delhi High Court) – Allowability of Fire Loss as Revenue Loss u/s 28 & Taxability u/s 41(1) of Income Tax Act
Facts of the
CaseThe respondent/assessee, Nikon Systems Pvt. Ltd.,
was engaged in manufacturing, trading, and export of goods including
electronics and home furnishing items.During the relevant assessment year, a fire...
Tirupati Buildings and Offices Pvt. Ltd. vs Commissioner of Income Tax & Anr. | Delhi High Court | Refund Adjustment & Stay of Demand under Income Tax Law
Facts of the
CaseThe petitioner, Tirupati Buildings and Offices
Private Limited, sought release of a refund amounting to ₹87,89,440 for
Assessment Year (AY) 2018–19, which had been adjusted by the revenue
authori...
Pr. Commissioner of Income Tax, Delhi-1 vs M/s Blackroak Securities Pvt. Ltd. – Penalty u/s 271(1)(c) Invalid Without Specifying Limb (Delhi High Court)\
Facts of the
CaseThe present appeal pertains to Assessment Year
2014–15, wherein the Revenue challenged the order passed by the Income Tax
Appellate Tribunal (ITAT) dated 05.05.2020.The ITAT had set aside the order ...
Syed Habeebur Rehman vs Deputy Commissioner of Income Tax Circle 28(1) & Ors. – Refund Adjustment Without Notice under Section 245 of Income Tax Act
Facts of the
CaseThe petitioner, Syed Habeebur Rehman, filed
a writ petition seeking issuance of directions to the Income Tax Department for
refund of approximately ₹46 lakhs relating to Assessment Years (AY) 2010â€...
PR. Commissioner of Income Tax, Delhi-1 vs M/s Burda Druck India Pvt. Ltd. – Section 79 | Carry Forward of Losses Cannot Be Pre-judged by AO of Relevant AY (Delhi High Court)
Facts of the
CaseThe assessee, M/s Burda Druck India Pvt. Ltd.,
filed its return of income declaring a loss of ₹17.56 crores for AY 2014-15.
During assessment proceedings, the Assessing Officer (AO) accepted the los...
Commissioner of Income Tax (International Taxation)-3 vs Travelport Global Distribution System B.V. (Delhi High Court, 2023) – Attribution of Profits & No Substantial Question of Law
Facts of the
CaseThe appellant/revenue, i.e., Commissioner of
Income Tax (International Taxation)-3, filed multiple appeals challenging a
common order passed by the Income Tax Appellate Tribunal dated 13.10.2021
conc...
Principal Commissioner of Income Tax–4 vs Klaxon Trading Pvt. Ltd. (Delhi High Court) – Section 263 Revision Invalid Where AO Conducted Enquiry on Cash Deposits
Facts of the
CaseThe assessee, Klaxon Trading Pvt. Ltd., engaged in
trading of metals including gold, filed its return for AY 2013–14 declaring
income of ₹59,99,560. A search operation was conducted on the Dua Gro...
Commissioner of Income Tax (International Taxation)-3 vs Travelport Global Distribution System B.V. – No Substantial Question of Law on Profit Attribution (Delhi High Court, 2023)
Facts of the
CaseThe present appeals were filed by the Revenue
challenging a common order dated 13.10.2021 passed by the Income Tax Appellate
Tribunal concerning multiple assessment years ranging from AY 2007–08 to ...
Shri Chintan Bindra vs Deputy Commissioner of Income Tax & Ors. – Delhi High Court on TDS Credit, Section 205 Bar & Illegal Tax Recovery
Facts of the
CaseThe petitioner, Shri Chintan Bindra, was employed
as a pilot with Kingfisher Airlines Limited. Tax was deducted at source (TDS)
from his salary for multiple assessment years, including AY 2009-10, 201...
Commissioner of Income Tax (International Taxation)–3 vs Travelport Global Distribution System B.V. (Delhi High Court) – Attribution of Profits to Indian Operations & No Substantial Question of Law
Facts of the
CaseThe Revenue filed multiple appeals challenging a
common order dated 13.10.2021 passed by the Income Tax Appellate Tribunal
concerning various assessment years from 2007–08 to 2014–15. The primary ...