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Commissioner of Income Tax Delhi-IV vs HLS India Ltd. (2011) – Industrial Undertaking, Section 32A & 80-IA/80-IB, Depreciation Claim on Wireline Logging Equipment
Facts of the Case:
Assessee:
M/s HLS India Ltd. (now HLS Asia Ltd.), an oilfield
services company providing petro-physical and completion solutions.
Revenue:
Commissioner of Income Tax, Delhi-IV.
...
Commissioner of Income Tax vs Ashok Kumar Arora – Delhi High Court (ITA No. 713 of 2010) I Section 132 – Search and seizure under Income Tax Act, 1961
Facts of the Case:The appeal concerns the deletion of certain additions made
by the Assessing Officer (AO) in the taxpayer's assessment. The AO had relied
on unproduced books of account and documents recovered during s...
Sunil Sharma vs Income Tax Officer – Belated Notice under Section 143(2) & 142(1) of the Income Tax Act, 1961
Facts of the Case
The
Tribunal had set aside an assessment on the ground that the notice under
Section 143(2) of the Income Tax Act was served belatedly, beyond the
prescribed one-year limitation.
U...
CIT vs. A.K. Steel Pvt. Ltd.: Delhi High Court ITA No. 902/2009 Analysis – Section 143(3), Income Tax Act Matters
Facts of the Case:
The petitioner, CIT, challenged the order of the Income Tax Appellate
Tribunal (ITAT) concerning the assessment year 2005-06 for A.K. Steel Pvt.
Ltd. The dispute revolves around the alleged concealm...
Akshya Kumar vs. Income Tax Department – Delhi High Court ITA 875/2008, Penalty Dispute under Income Tax Act
Facts of the CaseThe petitioner, Akshya Kumar, challenged the imposition of a
penalty by the Income Tax Department under the provisions of the Income Tax
Act. The dispute arose in the context of ITA 875/2008, where the...
Sharma vs State of Delhi: Analysis under Section 138 Negotiable Instruments Act – Key Case Law and Court Findings
Facts of the Case:In this matter, the petitioner, Sharma, filed a
complaint against the respondent, State of Delhi, under Section 138
of the Negotiable Instruments Act, 1881, alleging dishonor of cheque issued
for a l...
CIT vs Khandelwal Construction Co. – Delhi High Court 2011 | ITA No. 136/2009 | Section 37 of Income Tax Act
Facts of the Case:The appellant, CIT (Commissioner of Income Tax),
challenged the order of the Income Tax Appellate Tribunal (ITAT) that allowed
certain deductions claimed by the respondent, Khandelwal Construction Co....
Commissioner of Icome Tax vs Ankitech Pvt. Ltd. & Connected Appeals | Delhi High Court on Deemed Dividend under Section 2(22)(e) of the Income-tax Act, 1961
Facts of the CaseThe appeals before the Delhi High Court involved a common
question concerning the interpretation of Section 2(22)(e) of the Income-tax
Act, 1961 relating to deemed dividend.The assessees had received l...
AREVA T&D SA vs The Asst. Director of Income Tax & Ors. | Delhi HC Case on Income Escaping Assessment & Certificate Under Section 197
Facts of the Case
The
petitioner, AREVA T&D SA, was awarded multiple contracts by Power Grid
Corporation of India Ltd. (PGCIL) for onshore and offshore supply and
services (Page 3–5).
PGCIL
...
Sprint Communications Company LP vs Deputy Director Income Tax – Writ Petition on Draft Assessment under Sections 147/148 & 144C of Income Tax Act, 1961
Facts of the Case
The
petitioner, Sprint Communications Company LP, challenged the draft
assessment framed under the Income Tax Act, 1961.
A
notice under Section 148 was issued to Sprint Inter...