IT : In terms of Rule 127, when Assessing Officer issues reassessment notice, he is under a duty to access available PAN data base of addressee or address available in last income return filed by addressee ■■■ [2019] 410 ITR 023 (Delhi) [2019] 102 taxmann.com 470 (Delhi) HIGH COURT OF DELHI Veena Devi...
IT : An 'undertaking or an enterprise' established after 7-1-2003, and carried out 'substantial expansion' within specified window period, i.e., between 7-1-2003 and 1-4-2012, would be entitled to deduction on profits at rate of 100 per cent, under section 80-IC post said expansion ■■■ [2017] 88 taxmann.com...
IT: There being no express bar in Act regarding application of accounting standards prescribed by ICAI, deduction on account of lease equalization charges from lease rental income could have been allowed under Act, on basis of these accounting standards ■■■ [2018] 92 taxmann.com 370 (SC) SUPREME COURT...
IT : Inland Container Depots are Inland Ports, subject to provisions of section 80-IA and deduction can be claimed for income earned out of these Depots ■■■ [2018] 93 taxmann.com 31 (SC) SUPREME COURT OF INDIA Commissioner of Income Tax, Delhi-1 v. Container Corporation of India Ltd.* R. K. AGRAWAL...
[2017] 395 ITR 255 (Del) [IN THE DELHI HIGH COURT] RAJIV AGARWAL (W. P. (C) No. 9659 of 2015) VIJAY LAXMI AGARWAL (W. P. (C) No. 9661 of 2015) v. ASSISTANT COMMISSIONER OF INCOME-TAX AND ANOTHER S. MURALIDHAR and VIBHU BAKHRU JJ. March 16, 2016. Section(s): Income-tax Act, 1961, ss....
[2017] 398 ITR 316 (Del) [IN THE DELHI HIGH COURT] COMMISSIONER OF INCOME-TAX v. (1) VASAVI PRATAP CHAND (2) SIDHARTH P. CHAND (and vice versa) ______ DR. S. MURALIDHAR and MS. PRATHIBA M. SINGH JJ. August 23, 2017. Section(s): Income-tax Act, 1961, s. 002(47) Assessment Year: 1995-96 Favouring: Assessee, person /Department/Department of State/Union Government,...
[2017] 394 ITR 411 (Delhi) HIGH COURT OF DELHI Director of Income-tax (Exemptions) v. Vishwa Hindu Parishad DR. S. MURALIDHAR AND ANIL KUMAR CHAWLA, JJ. IT APPEAL NO. 14 OF 2004 MAY 8, 2017 Section 11, read with section 12A, of the Income-tax Act, 1961 - Charitable or religious trust - Exemption...
IT: Where impugned notices under section 148 seeking to re-open assessment of assessee were issued to assessee after it had amalgamated with petitioner company and was no longer in existence, they were invalid and had to be set aside ■■■ [2016] 67 taxmann.com 284 (Delhi) HIGH COURT...
IT: Where department intended to proceed under section 147 against assessee when he was already dead, it could have been done so by issuing a notice to legal representative of assessee within period of limitation for issuance of notice ■■■ [2016] 67 taxmann.com 56 (Delhi) HIGH COURT...
[2011] 9 taxmann.com 196(DELHI) HIGH COURT OF DELHI Sri Venkateshwar Educational Society (Regd.)* v. Director General of Income-tax (Exemptions) A. K. SIKRI AND VALMIKI J. MEHTA, JJ. WRIT PETITION (CIVIL) NO. 8590 OF 2009 SEPTEMBER 23, 2009 Section 10(23C)(vi) of the Income-tax Act, 1961 - Educational institutions - Assessment year 2007-08 - Assessee...