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DCIT Vs Pepsi Foods Limited
Supreme Court : *Deputy Commissioner of Income-tax & Another Vs Pepsi Foods Limited * *Forum-Supreme Court of India* *Date-6th April 2021* *Sub-Constitutional validity of 3rd proviso to Section 254(2A) of the Income-tax Act,1961* The Apex Court in a land mark decision held that *the 3rd proviso to Section 254(2A) to be unconstitutional and violative of Article 14 of… Read More ...
GE Capital Mauritius Overseas Investments Vs Deputy Commissioner of Income-tax
Delhi High court : GE Capital Mauritius Overseas Investments Vs Deputy Commissioner of Income-tax & another Delhi High court Date-26th March 2021 Sub-whether order u/s 241A withholding refund pending completion of scrutiny assessment can be quashed by writ court under article 226 of the Constitution of India. The Delhi high court in an interesting case as above was dealing… Read More ...
VIRENDER KUMAR VS ITO 1(1) ALWAR ITA NO 1100/JP/2019
ITAT JAIPUR: WHEN SOURCE OF CASH DEPOSIT IS INCLUDED IN TURNOVER OFFERED FOR TAX IN RETURN OF INCOME FILED U/S 44AD, NO ADDITION IS VALID Read More ...
AMIT KUMAR DEY VS DCIT (ITA NO 5526/DEL/2018)
ITAT DELHI : Enhancement made by the CIT (Appeals) on issues, which were not part of limited scrutiny invalid and in violation to CBDT Instructions . Read More ...
ITO VS MOMENTUM TECHNOLOGIES PVT LTD (ITA NO 5802/DEL/2017)
ITAT DELHI : NO REOPENING VALID WHEN TIME LIMIT FOR SCRUTINY PENDING FROM REVISED RETURN FILED UNDER SECTION 139(5) Read More ...
Reserve Bank of India Vs Jindal STeel and Power Limited
Delhi High court : Power of RBI to withhold remittance to be made under Automatic route to Wholly owned Subsidiary- cannot be used to reject the remittance on whimsical and arbitrary reasons Court- Delhi High court Date -26th March 2021 Citation-Reserve Bank of India Vs Jindal STeel and Power Limited. In this era of globalisation where the global trade… Read More ...
Sinfonia Tradelink Pvt ltd Vs ITO
Delhi High court : Glaring mistakes in reasons recorded in writing, Approval u/s 151 also improper- Delhi High court quashes notice u/s 148 ignoring plea of alternative remedy. Citation-Synfonia Tradelinks Private limited Vs ITO Court- Delhi High court Date-26th March 2021 In a case where there was complete non application of mind not only in the way reasons were… Read More ...
ACIT Vs KUBER KHADAYAN
ITAT DELHI : After distinguishing the judgment of Hon'ble Apex Court rendered in the case of B.Kishore 273 CTR 0468(Mad) affirmed by Apex Court. Hon'ble Bench of ITAT has held a) statement recorded u/s 132(4) alone cannot be termed as incriminating material it should have nexus with incriminating material b) No assessment can be framed on the basis… Read More ...
Macrotech Developers Limited Vs Principal Commissioner of Income-tax
Bombay High Court : Whether tax arrears relatable to a company which has been merged with another company can be settled under the Vivad Se Vishwas Scheme, 2020 even though prosecution has been launched on a different issue in the case of the amalgamated company. Forum-Bombay High Court Date- 25th March 2021 Citation-Macrotech Developers Limited The Bombay high court… Read More ...
NRA Iron & Steel Pvt ltd Vs Income-tax Department & Ors
Delhi High court : Whether review petition pending before Supreme Court against a judgement of Supreme Court itself can be considered as pending appeal in terms of Section 2(1)(a) of the Vivad Se Vishwas Act, 2020? Forum- Delhi High Court Date-19-03-2021 Citation-NRA Iron & Steel Pvt ltd Vs Income-tax department & Ors The Delhi High court recently considered the… Read More ...