TPO Compared Dissimilar Companies for Determining ALP for Future First Info: Delhi HC Directs Exclusion of Infosys BPO, Acropetal, and e-Clerx as Comparables [Read Order]
In a recent ruling, the Delhi High Court directed exclusion of Infosys BPO, Acropetal, and e-Clerx as Comparables after Transfer Pricing Officer...
![Disallowance u/s 40(a)(I) of the Income Tax Act is not Applicable as per DTAA between India and Japan: Delhi HC rules in Favour of Mitsubishi Corp India [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Disallowance-Income-Tax-Act-DTAA-Delhi-HC-Mitsubishi-Corp-India-taxscan.jpg "Disallowance u/s 40(a)(I) of the Income Tax Act is not Applicable as per DTAA between India and Japan: Delhi HC rules in Favour of Mitsubishi Corp India [Read Order]")
![Sales Tax Subsidy/Incentive Is Capital Receipt: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Delhi-High-Court-Income-Tax-ITAT-Delhi-Sales-tax-incentive-Sales-tax-subsidy-Capital-Receipt-taxscan.jpg "Sales Tax Subsidy/Incentive Is Capital Receipt: Delhi HC [Read Order]")
Inadequate enquiry u/S 263 of Income Tax Act is not sustainable: Delhi HC dismisses appeal [Read Order]
The Delhi High Court dismissed an appeal, asserting that an insufficient inquiry under Section 263 of the Income Tax Act 1961 was not sustainable. The Principal Commissioner of Income Tax ( PCIT )...
![Inadequate enquiry u/S 263 of Income Tax Act is not sustainable: Delhi HC dismisses appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/delhi-high-court-delhi-hc-Delhi-HC-ruling-on-inadequate-enquiry-Income-Tax-Act-income-tax-Sustainable-appeal-dismissal-by-Delhi-HC-taxscan.jpeg "Inadequate enquiry u/S 263 of Income Tax Act is not sustainable: Delhi HC dismisses appeal [Read Order]")
Transactions concerning Mutual Funds are in nature of Investment and not motivated by trade: Delhi HC [Read Order]
The Delhi High Court in an appeal preferred by the Principal Commissioner of Income Tax observed that the Transactions concerning mutual funds are in nature of investment and not motivated by trade. ...
![Transactions concerning Mutual Funds are in nature of Investment and not motivated by trade: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Delhi-high-court-Mutual-Funds-Delhi-High-Court-in-Mutual-Fund-Nature-of-Investment-Income-tax-TAXSCAN.jpg "Transactions concerning Mutual Funds are in nature of Investment and not motivated by trade: Delhi HC [Read Order]")
Most appropriate method for determining ALP: Delhi HC remits matter to Commissioner of Income Tax [Read Order]
The Delhi High Court remitted matter to the Commissioner of Income Tax to determine the most appropriate method for determining the arm length price (ALP). The counsel for the appellant raised the...
Insolvency Proceedings pending against Amrapali Group: Delhi HC directs Income Tax Dept to approach Court for Revival [Read Order]
The Delhi High Court directed the Income Tax Department to approach the Court for revival as the insolvency proceedings are pending against Amrapali Group. In the orders dated 08.04.2021 and...
![Insolvency Proceedings pending against Amrapali Group: Delhi HC directs Income Tax Dept to approach Court for Revival [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Insolvency-proceedings-Amrapali-Group-Delhi-HC-Income-Tax-Dept-Revival-taxscan-1.jpg "Insolvency Proceedings pending against Amrapali Group: Delhi HC directs Income Tax Dept to approach Court for Revival [Read Order]")
Merely because Books of Account were available to AO not Reason for Triggering Reassessment Proceedings: Delhi HC [Read Order]
In a significant decision the Delhi High Court observed that merely because books of account were available to the Assessing Officer (AO) is not valid reason for triggering reassessment proceedings. ...
Functional Dissimilarity between Companies and Assessee: Delhi HC upholds Order of ITAT Directing Exclusion of Comparables [Read Order]
The Delhi High Court upheld the order of the Income Tax Appellate Tribunal (ITAT) directing the exclusion of comparables as there was functional dissimilarity between the companies and the assessee. ...
![Functional Dissimilarity between Companies and Assessee: Delhi HC upholds Order of ITAT Directing Exclusion of Comparables [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Functional-Dissimilarity-Companies-Assessee-Delhi-HC-ITAT-Exclusion-of-Comparables-taxscan.jpg "Functional Dissimilarity between Companies and Assessee: Delhi HC upholds Order of ITAT Directing Exclusion of Comparables [Read Order]")
Delhi HC orders fresh proceedings as Income Tax Officers lack approval to initiate Reassessment Proceedings from Designated Authority [Read Order]
The Delhi High Court, in quashing the contested notices and orders, directed the income tax officers to commence new reassessment proceedings against the assessee, adhering to the prescribed legal...
![Delhi HC orders fresh proceedings as Income Tax Officers lack approval to initiate Reassessment Proceedings from Designated Authority [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Delhi-HC-Delhi-high-court-Income-Tax-Delhi-High-Court-reassessment-order-Delhi-High-Court-and-income-tax-reassessment-Income-Tax-officers-Reassessment-Proceedings-Taxscan.jpg "Delhi HC orders fresh proceedings as Income Tax Officers lack approval to initiate Reassessment Proceedings from Designated Authority [Read Order]")