![Satisfaction Note u/s 153C should contain Specific Reasons to conclude that Seized Material belonged to a person other than the Searched Party: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/04/Seized-Material-Delhi-High-Court-Taxscan.jpg "Satisfaction Note u/s 153C should contain Specific Reasons to conclude that Seized Material belonged to a person other than the Searched Party: Delhi HC [Read Judgment]")
Satisfaction Note u/s 153C should contain Specific Reasons to conclude that Seized Material belonged to a person other than the Searched Party: Delhi HC [Read Judgment]
Recently, the Delhi High Court in the case of Pr. Commissioner of Income Tax vs. M/s. Software (FIRM), held that specific reasons should be contained...
![Valuation Report of Assets once made is effective for Four Assessment Years: Delhi High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/04/Valuation-Report-Delhi-High-Court-Taxscan.jpg "Valuation Report of Assets once made is effective for Four Assessment Years: Delhi High Court [Read Judgment]")
![Delhi Public School Society Not Engaged in Business Activity, Entitled to Exemption under section 10(23C) (vi) of IT Act: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/04/Delhi-Public-School-Delhi-High-Court-Taxscan.jpg "Delhi Public School Society Not Engaged in Business Activity, Entitled to Exemption under section 10(23C) (vi) of IT Act: Delhi HC [Read Judgment]")
![Delhi HC confirms Penalty since Assessee not Disclosed the Source of Income [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/03/Penalty-Delhi-High-Court-Taxscan.jpg "Delhi HC confirms Penalty since Assessee not Disclosed the Source of Income [Read Judgment]")
No Separate Search Warrant required to Brothers who are Involved in Common Business: Delhi HC upholds Addition [Read Judgment]
In the Case, Vinod Kumar Gupta vs Deputy Commissioner of Income Tax, Delhi High Court recently ruled that no separate search warrant is required to brothers who are involved in common business and...
![No Separate Search Warrant required to Brothers who are Involved in Common Business: Delhi HC upholds Addition [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/03/Search-Warrant-Taxscan.jpg "No Separate Search Warrant required to Brothers who are Involved in Common Business: Delhi HC upholds Addition [Read Judgment]")
Gift Tax not Applicable to Share Transfers or Transfer of Property, as part of it is to Effectuate a Settlement: Delhi HC [Read Order]
Recently in the case of Commissioner of Gift Tax vs. Ramesh Suri, Delhi High Court ruled that Gift Tax is not applicable to share transfers or transfer of property, as part of it is to effectuate a...
Provisions for NPAs are Liable to be added back while Computing Book Profit under Section 115JA: Delhi High Court [Read Judgment]
The Delhi High Court has ruled that Provisions for Non Performing Assets (NPA) are liable to be added back while computing book profit under Section 115JA of the Income Tax Act. The Assessee engaged...
![Provisions for NPAs are Liable to be added back while Computing Book Profit under Section 115JA: Delhi High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/02/Delhi-High-Court-Taxscan.jpg "Provisions for NPAs are Liable to be added back while Computing Book Profit under Section 115JA: Delhi High Court [Read Judgment]")
![Lease Equalization Charges can be Deducted while Computing Book Profit: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/02/Lease-Equalization-Charges-Taxscan.jpg "Lease Equalization Charges can be Deducted while Computing Book Profit: Delhi HC [Read Judgment]")
Provisions of Deemed Dividend applicable when Assessee diverted Advance amount received for procuring Import Licences for Purchase of Shares: Delhi HC [Read Judgment]
While hearing the case of Commissioner of Income Tax vs M/s Prasidh Leasing Limited, the Delhi High Court ruled that Provisions of Deemed Dividend applicable when Assessee diverted Advance amount...
![Provisions of Deemed Dividend applicable when Assessee diverted Advance amount received for procuring Import Licences for Purchase of Shares: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Deemed-Dividends-Taxscan.jpg "Provisions of Deemed Dividend applicable when Assessee diverted Advance amount received for procuring Import Licences for Purchase of Shares: Delhi HC [Read Judgment]")
Delhi HC Quashes Assessment against Nokia since Proceedings were Completed against a Non-Existing Entity [Read Order]
The Delhi High Court in the case of Pr.Commissioner of Income Tax-6 vs Nokia Solutions & Network India pvt Ltd has quashed Assessment against Nokia since proceedings were completed against a...
![Delhi HC Quashes Assessment against Nokia since Proceedings were Completed against a Non-Existing Entity [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Nokia-Taxscan.jpg "Delhi HC Quashes Assessment against Nokia since Proceedings were Completed against a Non-Existing Entity [Read Order]")
![Delhi HC confirms ITAT Order favoring Airport Authority of India [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/02/Airport-Authority-of-India-Taxscan.jpg "Delhi HC confirms ITAT Order favoring Airport Authority of India [Read Judgment]")