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Ravina & Associates Pvt. Ltd. & Anr. Vs. Commissioner of Income Tax & Ors. – Scope of Review Jurisdiction under Section 260A/CPC in Income Tax Writ Proceedings: Dismissal of Re-hearing Claims in Garb of Factual Errors
Facts of the Case
The
applicant, M/s Ravina & Associates Pvt. Ltd., filed a Review
Application (RP No. 364/2011) seeking a review of the High Court’s
previous decision dated April 20, 2011, pass...
Palam Jain Educational & Welfare Society vs. Director General of Income Tax (Exemptions) | Threshold Criteria for Tax Exemption under Section 10(23C)(vi)
Facts of the Case
The
Petitioner, Palam Jain Educational & Welfare Society, is a society
registered under the Societies Registration Act, 1860, and manages several
unaided recognized minority scho...
Income Tax Reassessment Beyond Four Years: Validity of Section 148 Notice Without Section 151 Sanction and Independent Application of Mind – CIT vs. M/s Giesecke & Devrient India Pvt. Ltd.
Facts of the Case
The
regular assessment of the assessee for the relevant assessment year was
completed under Section 143(3) of the Income-Tax Act, 1961 on March
26, 2004.
After
a lapse of mo...
Commissioner of Income Tax v. Bhushan Kumar (Delhi High Court) – Validity of Reassessment under Section 148 Based on DVO Reference after Completion of Assessment | AY 1994-95 & 1995-96
Facts of the CaseThe assessee, Bhushan Kumar, was subjected to assessment
proceedings for Assessment Years 1994-95 and 1995-96.For both assessment years, the Assessing Officer initiated
reassessment proceedings by issu...
Commissioner of Income Tax vs. Devi Das Garg (2010) – Addition on Account of Share Application Money Deleted in Absence of Incriminating Evidence | Delhi High Court
Facts of the CaseThe Income Tax Department filed an appeal under Section 260A
of the Income Tax Act, 1961 challenging the order passed by the Income Tax
Appellate Tribunal relating to the block assessment period from 0...
Commissioner of Income Tax v. Smt. Seema Tripathi & Shri Mithilesh Kumar Tripathi | Delhi High Court | Addition on Alleged Bogus Jewellery Sale Deleted – Genuine VDIS Transactions Upheld
Facts of the Case
The
assessees, Smt. Seema Tripathi and Shri Mithilesh Kumar Tripathi,
disclosed long-term capital losses arising from sale of jewellery in their
income tax returns for Assessment Yea...
Commissioner of Income Tax v. Smt. Seema Tripathi & Anr. | Delhi High Court Upholds Deletion of Additions on Alleged Bogus Jewellery Sale Transactions Declared Under VDIS, 1997 | Sections 147, 148, 260A & 132 of Income Tax Act, 1961
Facts of the CaseThe respondents-assessees disclosed long-term capital losses
arising from the sale of jewellery in their income tax returns for Assessment
Years 1999-2000 and 2000-2001.The jewellery was stated to have...
Commissioner of Income Tax v. Bharat Heavy Electricals Limited (BHEL) – Revenue Appeals Disposed of for Want of COD Approval with Liberty to Re-file | Delhi High Court (2010)
Facts of the CaseThe Commissioner of Income Tax (Revenue) filed multiple Income
Tax Appeals before the Delhi High Court against Bharat Heavy Electricals
Limited (BHEL). During the hearing, counsel appearing for the Rev...
Commissioner of Income Tax v. Bharat Heavy Electricals Limited (BHEL) – Revenue Appeals Dismissed for Want of COD Approval with Liberty to Re-file | Delhi High Court
Facts of the CaseThe Commissioner of Income Tax filed multiple Income Tax
Appeals before the Delhi High Court against Bharat Heavy Electricals Limited
(BHEL). During the hearing, learned counsel appearing for the Reven...
Commissioner of Income Tax vs. Bharat Heavy Electricals Limited (BHEL) | Delhi High Court | Revenue Appeal Disposed for Want of COD Approval | ITA Nos. 278/2010, 312/2010, 798/2010, 800/2010, 803/2010, 805/2010, 807/2010, 810/2010, 813/2010 & 814/2010
Facts of the CaseThe Commissioner of Income Tax filed multiple income tax
appeals against Bharat Heavy Electricals Limited (BHEL) before the Delhi High
Court. During the course of hearing, learned counsel appearing on ...