Blog Categories
Subscribe to Newsletter
Join our subscribers list to get the latest Tax Updates and Opportunities.
Knowledge Portal
Click here to explore deep insights, FAQs, and comprehensive tax guides.
Explore Now
Commissioner of Income Tax vs. Assessee Company – Section 68 Addition on NRI Share Capital Investment Remanded for Fresh Inquiry | Delhi High Court
Facts of the Case
The assessment pertained to Assessment Year 2005-06.
The Assessing Officer made an addition of ₹50 lakh under Section 68
of the Income-tax Act.
The addition related to investment made in t...
Commissioner of Income Tax vs Assessee (ITA No. 546/2011) | Delhi High Court Upholds Dismissal of Revenue Appeal Due to 473 Days' Delay in Re-filing and Low Tax Effect
Facts of the CaseThe Revenue filed an appeal before the Delhi High
Court along with an application seeking condonation of delay. There was a
substantial delay of 473 days in re-filing the appeal.The explanation offered...
Commissioner of Income Tax vs. [Assessee] – Whether Revenue Can Challenge ITAT Order When Identical Relief Granted in Connected Case of Jai Bhagwan Was Accepted | Delhi High Court
Facts of the Case
A
search operation was conducted at the residence of the respondent and
certain bank lockers.
Cash,
jewellery, books of accounts and documents were seized during the search.
Th...
Commissioner of Income Tax vs Assessee – Delhi High Court Refuses to Condonе 473 Days' Delay in Re-filing Appeal and Dismisses Revenue's Appeal as Infructuous | ITA No. 542/2011
Facts of the
Case
The Revenue filed an appeal before the
Delhi High Court.
There was a delay of 473 days in
re-filing the appeal.
The Revenue sought condonation of the
delay through CM No. 5571...
Commissioner of Income Tax (Central) vs Padmini Technologies Ltd. [2011] 2011:DHC:4704-DB (Delhi High Court) – Deduction under Section 80HHC of the Income-tax Act, 1961
Facts of the Case
The
case related to Assessment Year 1999-2000.
The
assessee, Padmini Technologies Ltd., had claimed deduction under Section
80HHC of the Income-tax Act, 1961.
The
Income ...
Commissioner of Income Tax (Central) vs Padmini Technologies Ltd. [2011] 2011:DHC:4704-DB (Delhi High Court) Section 80HHC Deduction – Whether Turnover of Separate Domestic Unit Can Be Included in Total Turnover While Computing Export Profits Eligible for Deduction
Facts of the CasePadmini Technologies Ltd., the assessee, operated two distinct
business units. One unit was engaged in the multimedia business and carried out
export activities, while the other unit was engaged in the...
Commissioner of Income Tax (Central) vs Padmini Technologies Ltd. | Section 80HHC Deduction Claim Allowed – Revenue Appeal Dismissed by Delhi High Court
Facts of the Case
The
case related to Assessment Year 1998-99.
The
assessee, Padmini Technologies Ltd., claimed deduction under Section 80HHC
of the Income-tax Act, 1961.
The
deduction cla...
Commissioner of Income Tax vs. Enable Exports Pvt. Ltd. – Section 10B Deduction Allowed on Approval Granted by Development Commissioner to 100% Export Oriented Unit (EOU) | Delhi High Court
Facts of the Case
The
assessee filed its return of income for Assessment Year 2007-08 declaring
income of ₹20,23,243.
During
scrutiny assessment under Sections 143(2) and 143(3), the Assessing
...
Commissioner of Income Tax vs SPL's Siddhartha Ltd. | Reassessment Notice u/s 148 Invalid Without Mandatory Sanction Under Section 151(1) of the Income Tax Act | Delhi High Court
Facts of the CaseThe assessee, SPL's Siddhartha Ltd., filed its return of
income for Assessment Year 2002-03 declaring a loss of ₹27.63 lakhs. The return
was processed under Section 143(1).Subsequently, on 12 March 2...
Commissioner of Income Tax vs Foreign Assessee Company – No Penalty Under Section 271(1)(c) for Bona Fide DTAA Tax Computation Error Subsequently Corrected | Delhi High Court
Facts of the CaseThe respondent assessee was a foreign company operating in
India. For Assessment Years 2002-03 and 2003-04, it filed its income tax
returns declaring income of ₹2,77,83,950 and ₹12,19,216 respectiv...