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Subhash Verma vs. Assistant Commissioner of Income Tax: Evidentiary Value of Unverifiable Customer Claims and Unexplained Cash Post-Search Under Section 158BC
Facts of the Case
A
search and seizure operation under Section 132(1) of the Income Tax Act,
1961, was conducted on March 4, 2002, at the premises of the Appellant,
Subhash Verma, and his father.
D...
Comprehensive Judicial Review of Income Tax Case Transfer Authority: Raheja SEZs Limited & Ors. v. Commissioner of Income Tax & Ors.
Facts of the CaseThe litigation arose from a batch of writ petitions filed by
various entities under the 'Raheja' group, including Raheja SEZs Limited,
Nirmal Raheja, Navin M. Raheja, Raheja Urja Pvt Ltd, Nayan Raheja,...
Appellant vs. Respondent (In the High Court of Delhi) | Dismissal of Income Tax Appeal for Non-Prosecution due to Non-Appearance of Appellant under Section 260A of the Income-tax Act, 1961
Facts of the CaseThe matter pertains to a statutory Income Tax Appeal
designated as ITA No. 241/2010, filed before the Hon'ble High Court of
Delhi. The appeal was preferred under the provisions governing direct tax
li...
Judicial Mandate on Natural Justice in Tax Jurisdiction Transfers: A Comprehensive Analysis of Raheja SEZS Limited vs. Commissioner of Income Tax and Others Regarding the Requirement for Speaking Orders Under Section 127 of the Income Tax Act, 1961
Facts of the CaseIn this batch of writ petitions, the petitioners (including
Raheja SEZS Limited and others) challenged the legal sustainability of orders
passed by the Commissioner of Income Tax, Delhi-V, under Sectio...
Deletion of Unexplained Cash Credits Under Section 68: CIT vs. Sophia Finance Ltd. Applied to Pre-Commencement Share Application Money
Facts of the CaseThe case revolves around the assessment year 2001-02, which
was the first year of operation for the respondent/assessee company, prior to
the commencement of its commercial production. During this asse...
Mandating Procedural Fairness: Delhi High Court’s Ruling on the Requirement of Reasoned Speaking Orders under Section 127 of the Income Tax Act in the Matter of Raheja SEZS Limited vs. Commissioner of Income Tax
Facts of the CaseThe petitioners in this matter comprised a group of
corporate entities and individuals, including Raheja SEZS Limited, Raheja
Builders (P) Ltd, and various members of the Raheja family. These entities ...
Challenging the Validity of Income Tax Case Transfer Orders: A Comprehensive Analysis of Raheja SEZS Limited vs. Commissioner of Income Tax Delhi-III and Others Regarding Procedural Fairness and Natural Justice
Facts of the CaseThe petitioners, a group of companies and individuals
including Raheja SEZS Limited, Nirmal Raheja, Navin M. Raheja, and various
Raheja-affiliated entities, initiated a legal challenge against orders p...
Kyungshin Industrial Motherson Ltd. v. Commissioner of Income Tax: Deduction of Running Royalty under Section 37(1) of the Income Tax Act
Facts of the Case
Assessee
Business Profile: The Appellant-Assessee, M/s Kyungshin
Industrial Motherson Ltd., is a 50:50 joint venture between Motherson Sumi
System Limited and Kyungshin Industrial Co...
Commissioner of Income Tax vs. M/s Jay Rapid Roller Ltd. (In Liquidation) | Depreciation on Fixed Assets Without Supporting Purchase Vouchers – Matter Remanded for Fresh Examination | Delhi High Court
Facts of the
Case
The assessee, M/s Jay Rapid Roller Ltd., claimed substantial
depreciation on fixed assets for Assessment Years 1997-98 and 1998-99.
During assessment proceedings, the Assessing Officer requir...
Commissioner of Income Tax vs. Evergrowing Iron & Finvest Ltd.: Deletion of Addition Under Section 68 for Brought Forward Balances
Facts
of the Case·
The present appeal was filed before the
High Court of Delhi under Section 260A of the Income Tax Act, 1961. · &nb...