![Penalty u/s 271(1)(c) of the Income Tax Act is impossible Only When Furnishing of Inaccurate Particulars was Proven: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Penalty-Income-Tax-Act-impossible-Furnishing-Inaccurate-Particulars-Delhi-HC-TAXSCAN.jpg "Penalty u/s 271(1)(c) of the Income Tax Act is impossible Only When Furnishing of Inaccurate Particulars was Proven: Delhi HC [Read Order]")
Penalty u/s 271(1)(c) of the Income Tax Act is impossible Only When Furnishing of Inaccurate Particulars was Proven: Delhi HC [Read Order]
The Delhi High Court penalty under section 271(1)(c) of the Income Tax Act, 1961 is impossible only when the furnishing of inaccurate particulars was...
![Delhi HC quashes Income Tax Notice issued Prior to Date of Approval of Resolution Plan [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Income-Tax-Notice-delhi-high-court-Resolution-Plan-taxscan.jpg "Delhi HC quashes Income Tax Notice issued Prior to Date of Approval of Resolution Plan [Read Order]")
![Non- Resident Indian having Source of Income in India from Interest on Bank Accounts and Income Tax Refund not obliged to maintain Books of Account in India: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Delhi-HC-income-tax-refund-interest-taxscan.jpg "Non- Resident Indian having Source of Income in India from Interest on Bank Accounts and Income Tax Refund not obliged to maintain Books of Account in India: Delhi HC [Read Order]")
![Delhi HC directs Income Tax Dept to Remit Rs 44.6 Lakhs of Refund already Crystallized on Deposit of 20% of Demand [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/delhi-high-court-refund-Income-Tax-Crystallized-taxscan.jpg "Delhi HC directs Income Tax Dept to Remit Rs 44.6 Lakhs of Refund already Crystallized on Deposit of 20% of Demand [Read Order]")
![Material which considered in Prior Reassessment Proceedings shall not subject matter of Reassessment in Fresh Proceedings: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Material-Reassessment-Proceedings-Delhi-High-Court-writ-petition-Fresh-Proceedings-taxscan.jpg "Material which considered in Prior Reassessment Proceedings shall not subject matter of Reassessment in Fresh Proceedings: Delhi HC [Read Order]")
Delhi HC quashes Reassessment Order passed u/s 148A(d) of Income Tax Act on account of failure to hold oral hearing to assessee [Read Order]
In a recent case, the Delhi High Court quashed the assessment order passed under Section 148A(d) of the Income Tax Act, 1961, due to the failure to hold an oral hearing for the assessee. The writ...
Delhi HC quashes Revision of Assessment on failure to enquire about Unexplained Cash Deposit found credited in Bank Account [Read Order]
The Delhi High Court quashed the revision of assessment on failure to enquire about unexplained cash deposit found credited in bank account. The moot question which arises for consideration is...
Capital Nature of Loan Portfolio Sale Receipts: Delhi HC dismisses appeal against Clix Finance [Read Order]
In a recent case, the Delhi High Court dismissed the appeal against Clix Finance concerning the capital nature of loan portfolio sale receipts. The appeal was filed by the Principal Commissioner...
Explanation 7 of Section 9(1)(i) of Income Tax Act has retrospective effect: Delhi HC upholds Deletion of Addition towards LTCG [Read Order]
The Delhi High Court has held that Explanation 7 of Section 9(1)(i) of the Income Tax Act, 1961has retrospective effect and upheld the deletion of addition towards Long Term...
![Explanation 7 of Section 9(1)(i) of Income Tax Act has retrospective effect: Delhi HC upholds Deletion of Addition towards LTCG [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Income-Tax-Act-LTCG-HC-retrospective-effect-taxscan.jpg "Explanation 7 of Section 9(1)(i) of Income Tax Act has retrospective effect: Delhi HC upholds Deletion of Addition towards LTCG [Read Order]")
Availability of Interest-Free Funds more than Investments: Delhi HC upholds Deletion of Disallowance under Income Tax Act [Read Order]
The Delhi High Court upheld the deletion of disallowance under the Income Tax Act, 1961 as the availability of interest-free funds more than investments. The Court further observed that if the...
![Availability of Interest-Free Funds more than Investments: Delhi HC upholds Deletion of Disallowance under Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Delhi-HC-Income-Tax-Act-Disallowance-Availability-taxscan.jpg "Availability of Interest-Free Funds more than Investments: Delhi HC upholds Deletion of Disallowance under Income Tax Act [Read Order]")
Failure to clarify ground on which penalty levied: Delhi HC dismisses Departmental appeal without question of law [Read Order]
In a recent case, the Delhi High Court quashed an appeal filed for the levy of a penalty under Section 271(1)(c) of the Income Tax Act, 1961, due to a failure to clarify the ground on which the...
Recovery Proceeding under the Income Tax Act must be Against Deductor When fails to pay TAS to Government: Delhi HC [Read Order]
The Delhi High Court has held that recovery proceedings under Income Tax Act, 1961 must be against the deductor when fails to pay Tax at Source (TAS) to the Government. It was made clear that no...
![Recovery Proceeding under the Income Tax Act must be Against Deductor When fails to pay TAS to Government: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Recovery-Proceeding-Income-Tax-Act-Income-Tax-Tax-income-tax-news-tax-news-Deductor-taxscan.jpg "Recovery Proceeding under the Income Tax Act must be Against Deductor When fails to pay TAS to Government: Delhi HC [Read Order]")