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Principal Commissioner of Income Tax (Central)-2 vs Index Securities Pvt. Ltd. & Vidya Shankar Investment Pvt. Ltd. | Delhi High Court | Scope of Section 153C – Seized Documents Must “Belong To” Assessee and Be Incriminating for Relevant Assessment Years
Facts of the
CaseA search and seizure operation under Section 132
was conducted on the Jagat Group and its associated entities. During the course
of the search, certain trial balances and balance sheets relating to In...
Bently Nevada LLC vs Commissioner of Income Tax (International Taxation), Delhi-I | Delhi High Court | Remand on Taxability of Software Income and Attribution Between Hardware, Software and Services under Section 260A of the Income-tax Act, 1961
Facts of the CaseBently Nevada LLC preferred a batch of appeals
before the Delhi High Court against the order passed by the Income Tax
Appellate Tribunal. The Tribunal had dismissed the appellant’s appeals without
r...
Principal Commissioner of Income Tax (Central)-2 vs Index Securities Pvt. Ltd. & Vidya Shankar Investment Pvt. Ltd. | Delhi High Court | Scope of Section 153C for Non-Incriminating Seized Documents
Facts of the
CaseThe Income Tax Department conducted a search and
seizure operation under Section 132 on the Jagat Group and its associated
persons. During the search, certain financial documents, including trial
bal...
Bently Nevada LLC vs Commissioner of Income Tax (International Taxation), Delhi-I | Delhi High Court on Taxability of Software Income and Attribution between Hardware, Software Sales & Services under Section 260A of the Income-tax Act, 1961
Facts of the CaseBently Nevada LLC filed multiple appeals under
Section 260A of the Income-tax Act against the order of the Income Tax
Appellate Tribunal dated 27.01.2017. The grievance raised by the appellant was
tha...
Principal Commissioner of Income Tax (Central)-2 vs Index Securities Private Limited & Vidhya Shankar Investment Pvt. Ltd. | Delhi High Court | Scope of Section 153C Proceedings in Absence of Incriminating Material
Facts of the
CaseA search and seizure operation under Section 132
was conducted by the Income Tax Department on Jagat Group and associated
entities on 14 September 2010. During the course of search, certain documents
...
Principal Commissioner of Income Tax, Delhi-2 vs Best Infrastructure (India) Pvt. Ltd. & Connected Matters | Delhi High Court | Sections 68, 132(4) & 153A of Income Tax Act | Whether Statement under Search can be Treated as Incriminating Material for Addition?
Facts of the
CaseThe Revenue preferred appeals under Section 260A of
the Income Tax Act, 1961, challenging the common order passed by the Income Tax
Appellate Tribunal (ITAT) concerning Assessment Years 2005-06 to 200...
Juhi Dixit vs Deputy Commissioner of Income Tax & Ors | Delhi High Court Quashes Reassessment Notices under Sections 147/148 on Mere Tax Evasion Petition Allegations
Facts of the CaseThe petitioners were directors of Scan Holdings Pvt. Ltd.
(SHPL), engaged in domestic and international packaging trade.The Revenue issued notices under Section 148 for reopening
assessment for AY 2009...
Bently Nevada LLC vs Commissioner of Income Tax (International Taxation), Delhi-I – Delhi High Court on Taxability of Software Income and Attribution Between Hardware, Software Sales and Services under Section 260A of the Income Tax Act
Facts of the CaseBently Nevada LLC preferred multiple appeals
before the Delhi High Court against the Tribunal’s order rejecting its appeals.
The dispute arose in relation to the tax treatment of software income and ...
Pr. Commissioner of Income Tax-6, New Delhi vs Monnet Ispat & Energy Ltd. | Delhi High Court on Applicability of IBC Moratorium to Pending Income Tax Appeals under Sections 14, 238 & 7 of Insolvency and Bankruptcy Code, 2016
Facts of the
CaseThe present batch of Income Tax Appeals was filed
by the Revenue before the Delhi High Court against the order passed by the
Income Tax Appellate Tribunal (ITAT) concerning the tax liability of Monnet...
Principal Commissioner of Income Tax, Delhi-2 vs Best Infrastructure (India) Pvt. Ltd. & Connected Matters | Delhi High Court on Section 68, Section 153A & Evidentiary Value of Statements under Section 132(4) of the Income Tax Act
Facts of the CaseA search and seizure operation under Section 132
was conducted on 15 September 2008 in the cases of the Best Group of Companies
and one Tarun Goyal. During the search, loose papers and documents were s...