Analysis of Tribunal Decision on Penalty Appeal by Mritunjay Real Estate Pvt. Ltd. for AY 2015-16
Introduction The Income Tax Appellate Tribunal (ITAT) Delhi Bench ‘E’ delivered a decision on the appeal filed by Mritunjay Real Estate Pvt. Ltd. against the Income Tax Officer, Ward-17(2), New Delhi concerning penalties imposed for the assessment year 2015-16. Background Mritunjay Real Estate Pvt. Ltd., a company based in New Delhi, appealed against the order […]
Detailed Review of ITAT Decision on Depreciation Claims by Gulati Steel Fab P. Ltd. for AY 2011-12
Introduction The Income Tax Appellate Tribunal (ITAT) Delhi Bench ‘C’ addressed the appeals filed by Gulati Steel Fab P. Ltd. regarding depreciation claims for the assessment year 2011-12, which were initially disallowed by the assessing officer. Background Gulati Steel Fab P. Ltd., based in Faridabad, faced disallowance of depreciation claims on machinery purchased from Neel […]
Transfer Pricing Dispute Analysis for Danisco (India) Pvt. Ltd. for Assessment Year 2013-14
Introduction The Income Tax Appellate Tribunal (ITAT) Delhi Bench handled the transfer pricing dispute case involving ACIT, Circle-7(1), New Delhi and Danisco (India) Pvt. Ltd. for the assessment year 2013-14, focused on the adjustments related to intra-group services (IGS). Background ACIT, Circle-7(1), New Delhi, challenged the pricing of intra-group services provided to Danisco (India) Pvt. […]
Case Withdrawal of Amit Kakkar under Vivad Se Vishwas Scheme for AY 2007-08
Introduction This case review discusses the withdrawal of the appeal by Amit Kakkar, the proprietor of Kakkar Bartan Store, against the order of the CIT(A)-36, New Delhi, for the assessment year 2007-08. The withdrawal occurred under the Vivad Se Vishwas Scheme, aimed at reducing litigation and providing relief on tax disputes. Background of the Case […]
Disputed Cash Payments and Penalties: An In-depth Analysis of Sabharwal Food Industries Ltd vs DCIT, ITA No. 6027/DEL/2019
Disputed Cash Payments and Penalties: Sabharwal Food Industries Ltd vs DCIT Case Summary ITA No. 6027/DEL/2019 marks a significant tribunal decision involving Sabharwal Food Industries Ltd and the DCIT, Circle-22(1), New Delhi, where the central issue was the imposition of penalties on cash payments exceeding the prescribed limits under the Income Tax Act. Case Background […]
Exploring the Implications of Unexplained Cash Deposits: Puneet Traders vs ITO, ITA No. 6032/DEL/2019
Puneet Traders vs ITO Ward-47(4): Unexplained Cash Deposits and Tax Implications Introduction Puneet Traders, a partnership firm based in New Delhi, faced scrutiny from the Income Tax Department regarding substantial cash deposits made into its bank account. This appeal, ITA No. 6032/DEL/2019, addresses the challenges and legal proceedings related to these deposits for the assessment […]
Settling Tax Disputes: Mohit Hans’s Approach under Vivad Se Vishwas Scheme in ITA No. 6033/DEL/2019
Mohit Hans vs JCIT: Settlement through Vivad Se Vishwas Scheme Case Overview This case involves Mohit Hans, who appealed against the tax assessment for the year 2014-15 but later opted to withdraw the appeal in favor of settling under the Vivad Se Vishwas Scheme. The case was reviewed by the Income Tax Appellate Tribunal, Delhi […]
Tax Dispute Resolution through Vivad Se Vishwas: A Case Study of Integrated Master Securities Pvt. Ltd. vs DCIT
Integrated Master Securities vs DCIT: Settlement through Vivad Se Vishwas Case Overview This case involves Integrated Master Securities Pvt. Ltd., a firm based in New Delhi, which contested a tax assessment for the year 2010-11 but later chose to settle the dispute under the Vivad Se Vishwas Scheme, aimed at reducing litigation in tax disputes. […]
Judicial Review on Penalties: VLCC Health Care Ltd. vs. Addl. CIT, A Detailed Case Study from ITA No. 6036/DEL/2019
Dismissal of Penalties in Tax Disputes: A Review of VLCC Health Care Ltd. vs. Addl. CIT Case Overview This case discusses the appeal filed by VLCC Health Care Ltd. against the Addl. CIT concerning penalties related to the assessment year 2012-13, which were dismissed based on prior tribunal decisions. Background VLCC Health Care Ltd. faced […]
Resolution of Tax Dispute via Vivad Se Vishwas: The Case of Rakesh Chharia vs. ACIT, ITA No. 6037/DEL/2019
Rakesh Chharia vs. ACIT: Settlement under Vivad Se Vishwas Scheme Case Overview The case involves Rakesh Chharia from Ghaziabad, who filed an appeal against the tax assessment by ACIT, Circle-1, Moradabad for the assessment year 2015-16. This appeal was withdrawn in favor of settling under the Vivad Se Vishwas Scheme. Background The dispute originated from […]
Unexplained Credits and Judicial Scrutiny: DCIT vs. Priytam Plaschem P. Ltd., ITA No. 6038/DEL/2019
DCIT vs. Priytam Plaschem: A Case Study on Unexplained Credits Case Overview The Income Tax Appellate Tribunal dismissed an appeal by the DCIT against Priytam Plaschem Pvt. Ltd., concerning unexplained credits for share capital and share premium, underlining the judicial approach to assessing such matters. Background The case originated from an addition of Rs. 3,00,00,000 […]
Efficient Dispute Resolution: MPCL Industries Ltd.’s Settlement with ACIT Under Vivad Se Vishwas Scheme, ITA No. 6039/DEL/2019
MPCL Industries Ltd. Settles Tax Dispute Under Vivad Se Vishwas Case Overview This case discusses MPCL Industries Ltd.’s appeal against the ACIT for the assessment year 2011-12, which was resolved through the Vivad Se Vishwas Scheme, aimed at reducing litigation in tax disputes. Background The company faced issues related to tax arrears which prompted an […]
Settlement of Tax Dispute between ACIT Circle 54(1) and Ritu Mishra for AY 2009-10: A Review of ITA No. 6042/DEL/2019
Detailed Analysis of ITA No. 6042/DEL/2019 Introduction This article provides a comprehensive analysis of the Income Tax Appellate Tribunal’s decision in the case between ACIT Circle 54(1) and Ritu Mishra for the assessment year 2009-10, highlighting the tribunal’s reasoning and its implications for tax jurisprudence. Case Background Ritu Mishra, engaged in the manufacturing and trading […]
IRCON International Ltd. vs. Addl. CIT, Special Range-4, New Delhi – ITA 6044/DEL/2019 – Assessment Year 2016-17 – Dispute Over Taxation of Foreign Income and MAT
IRCON International Ltd. vs. Addl. CIT, Special Range-4, New Delhi IRCON International Ltd. vs. Addl. CIT, Special Range-4, New Delhi – ITA 6044/DEL/2019 Assessment Year: 2016-17 This case involves a significant legal dispute between IRCON International Ltd. and the Additional Commissioner of Income Tax, Special Range-4, New Delhi, regarding the assessment year 2016-17. The primary […]
Yogesh Goel vs. ITO Ward 35(3), New Delhi – ITA 6045/DEL/2019 – Assessment Year 2015-16 – Dispute Over Penalty Under Section 271B
Yogesh Goel vs. ITO Ward 35(3), New Delhi – Penalty Dispute Yogesh Goel vs. ITO Ward 35(3), New Delhi – ITA 6045/DEL/2019 Assessment Year: 2015-16 The case of Yogesh Goel vs. ITO Ward 35(3), New Delhi revolves around the imposition of a penalty under Section 271B of the Income-tax Act, 1961 for the assessment year […]
Tu Casa vs. ITO Ward 46(4), New Delhi – ITA 6048/DEL/2019 – Non-Compliance and Income Estimation Dispute for AY 2015-16
Tu Casa vs. ITO Ward 46(4) – Income Estimation Dispute Tu Casa vs. ITO Ward 46(4), New Delhi – ITA 6048/DEL/2019 Assessment Year: 2015-16 In a contentious case between Tu Casa, a business entity in New Delhi, and the ITO Ward 46(4), the Income Tax Appellate Tribunal deliberated on issues arising from non-compliance with statutory […]
Appeal Against Penalty Order Levied u/s 271(1)(c) – Albama Infra Pvt Ltd vs ITO Ward-2(2), New Delhi
Case Summary: Albama Infra Pvt Ltd vs ITO Ward-2(2), New Delhi Case Number: ITA 6049/DEL/2019Appellant: Albama Infra Pvt Ltd, New DelhiRespondent: Income Tax Officer, Ward-2(2), New DelhiAssessment Year: 2010-11Case Filed On: 15th July 2019Order Type: Final Tribunal OrderDate of Order: 28th September 2022Pronounced On: 28th September 2022 Introduction The case of Albama Infra Pvt Ltd […]
Withdrawal of Appeal Due to Vivad Se Vishwas Scheme – Panafic Industrials Ltd vs ITO Ward-19(3), New Delhi
Case Summary: Panafic Industrials Ltd vs ITO Ward-19(3), New Delhi Case Number: ITA 6050/DEL/2019Appellant: Panafic Industrials Ltd, New DelhiRespondent: Income Tax Officer, Ward-19(3), New DelhiAssessment Year: 2011-12Case Filed On: 15th July 2019Order Type: Final Tribunal OrderDate of Order: 15th June 2022Pronounced On: 15th June 2022 Introduction The case of Panafic Industrials Ltd vs ITO Ward-19(3), […]
Appeal Against Penalty Order for Non-Specification of Charge – Vansh Industries Ltd vs ACIT Circle-26(1), New Delhi
Case Summary: Vansh Industries Ltd vs ACIT Circle-26(1), New Delhi Case Number: ITA 6051/DEL/2019Appellant: Vansh Industries Ltd., New DelhiRespondent: Assistant Commissioner of Income Tax (ACIT), Circle-26(1), New DelhiAssessment Year: 2012-13Case Filed On: 15th July 2019Order Type: Final Tribunal OrderDate of Order: 11th April 2023Pronounced On: 11th April 2023 Introduction The case of Vansh Industries Ltd […]
Withdrawal of Appeal Due to Mutual Agreement Procedure – BBC Global News Ltd vs DCIT Circle-1(1)(2), International Taxation, New Delhi
Case Summary: BBC Global News Ltd vs DCIT Circle-1(1)(2), International Taxation, New Delhi Case Number: ITA 6052/DEL/2019Appellant: BBC Global News Ltd. (Earlier known as BBC World News Ltd.), New DelhiRespondent: Deputy Commissioner of Income Tax (DCIT), Circle-1(1)(2), International Taxation, New DelhiAssessment Year: 2016-17Case Filed On: 15th July 2019Order Type: Final Tribunal OrderDate of Order: 23rd […]
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