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Income Tax LitigationDelhi HC again rejected Congress plea for reassessment of income tax demand
Case name-Title: INDIAN NATIONAL CONGRESS v. DEPUTY COMMISSIONER OF INCOME TAX and other connected matters On Thursday, the Delhi High Court dismissed pleas submitted by the Indian National Congress regarding the commencement of income tax re-assessment proceedings for four consecutive years (2017-18, 2018-19, 2019-20, and 2020-21)
Income Tax LitigationDelhi ITAT Order in the case of ACIT V/s. M/s GTM Builders & Promoters Pvt. Ltd.
Case Covered: ACIT Versus M/s GTM Builders & Promoters Pvt. Ltd. Facts of the Case: The present appeal has been filed by the revenue against the order of ld. CIT(A)-41 , New Delhi dated 25 .03.2015. Following grounds have been raised by the revenue: “1.
Income Tax LitigationIndian Tax Authorities Will Not Grant Refund of Taxes Paid In Foreign Jurisdictions
Indian Tax Authorities Will Not Grant Refund of Taxes Paid In Foreign Jurisdictions The Hon’ble Mumbai ITAT in the case of the Bank of India , has held that an Indian tax payer will not be entitled to claim refunds from Indian tax authorities for
ITAT in the case of M/s. Bank of India Versus The Asst. Commissioner of Income Tax
Case Covered: M/s. Bank of India Versus The Asst. Commissioner of Income Tax Facts of the Case: This appeal in ITA No.3473/Mum/2019 for A.Y.2015-16 preferred by the order against the revision order of the ld. Pr. Commissioner of Income Tax (Appeals)-2, Mumbai u/s.263 of the
ITAT in the case of DCIT Versus Five Star Construction P. Ltd.
Case Covered: DCIT Versus Five Star Construction P. Ltd. Facts of the Case: This appeal by the revenue for Assessment Year 2007-08 against the order dated 15.02.2011 passed by Ld. CIT (A)-XIII, New Delhi, raises the following grounds:- “1. On the facts and circumstances of
CIC in the case of Rahmat Bano Versus The CPIO, O/o the Income Tax Officer
Case Covered: Rahmat Bano Versus The CPIO, O/o the Income Tax Officer Facts of the Case: The appellant filed an application under the Right to Information Act, 2005 (RTI Act) before the Central Public Information Officer (CPIO) O/o the Income Tax Officer, Ward No. 3(4),
ITAT Order in the case of Noida Cyber Park Pvt. Ltd
Case Covered: Noida Cyber Park Pvt. Ltd Versus Income Tax Officer Facts of the Case: This appeal has been preferred by the assessee against the order of the learned Commissioner of Income Tax(A) dated 14.11.2019, which in turn, has arisen from an order passed by
ITAT in the case of The DCIT Versus Shri Jugal Kishore Garg
Case Covered: The DCIT Versus Shri Jugal Kishore Garg Facts of the Case: Brief facts of the case are that the assessee is a partner in the firms M/s. J.K. Jewellers (3.3.34% shares), M/s. JK Jewellers International (20% shares), M/s. JK Jewells (50% shares), M/s.
ITAT in the case of DCIT Versus M/s. Edgeverse Systems Ltd.
Case Covered: Deputy Commissioner of Income-tax Versus M/s. Edgeverse Systems Ltd. Facts of the Case: The Assessee is a company and is engaged in the business of Products, Platforms, and services. During the previous year relevant to AY 2017-18 to 2019- 20, the Assessee made
ITAT in the case of The Deputy Commissioner of Income Tax Versus M/s. EYBGS India Pvt. Ltd.
Case Covered: The Deputy Commissioner of Income Tax Versus M/s. EYBGS India Pvt. Ltd. Facts of the case: The facts relating to the case are discussed in brief. The assessee is a 100% subsidiary of EYGI B.V., Netherlands. It is engaged in the business of
ITAT: Validity of a Notice issued to an amalgamating company which is no more existent.
Appellant: M/s Siemens Power Engineering Pvt. Ltd. (SPEPL) [now merged with M/s Siemens Ltd.] Respondent: Assistant Commissioner of Income Tax. FACTS: The assessee raised many grounds of appeal, among which one of them was considered to be very crucial as it goes to the root
In case of conflict, can the Provisions of Income Tax Act prevail over Accounting Standards ?
APPELLANT: DCIT Central Circle 2 (2), Bengaluru RESPONDENT : M/s Cornerstone Property Investment (P) Ltd. FACTS OF THE CASE: Appeal has been filed by the revenue against the order to CIT(A) for the following two issues: Whether on facts and in law, the CIT(A) was