Seller cannot dissect Settlement Commission Order to avail Preferred Provisions Only: Delhi HC upholds ₹1.15 Crore Penalty [Read Order]
The Delhi High Court recently upheld the imposition of ₹1.15 Crore Penalty against a trader, averring that Order passed by the Settlement...
![Delhi HC nullifies ₹31 Lakh Income Tax Addition on Interest from FD Funds reserved for Coal-Mine Purchase [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Delhi-High-Court-Income-Tax-Coal-Mine-Taxscan.jpg "Delhi HC nullifies ₹31 Lakh Income Tax Addition on Interest from FD Funds reserved for Coal-Mine Purchase [Read Order]")
![Gains from Excluded Capital Assets not included as Book Profits u/s 115JB Not Liable to be included as Income: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Capital-Assets-Delhi-High-Court-Section-115JB-Income-Tax-Act-Delhi-High-Court-Ruling-Book-Profit-Calculation-Delhi-HC-Tax-Liability-Exclusion-Capital-Assets-taxscan.jpg "Gains from Excluded Capital Assets not included as Book Profits u/s 115JB Not Liable to be included as Income: Delhi HC [Read Order]")
![Annual Digest 2024 - Supreme Court - High Court - High Court Cases - High Court Cases on Taxation [Part 38] - taxscan](https://www.taxscan.in/wp-content/uploads/2024/12/Annual-Digest-2024-Supreme-Court-High-Court-High-Court-Cases-High-Court-Cases-on-Taxation-Part-38-taxscan.jpg "Annual Digest 2024 - Supreme Court - High Court - High Court Cases - High Court Cases on Taxation [Part 38] - taxscan")
Delhi HC clarifies Arm Length Price Standards, Drops Dissimilar Firms from TP analysis u/s 92 of IT Act [Read Order]
In a recent judgement, the Delhi High Court clarified transfer pricing standards under Section 92 of the Income Tax Act to showcase the importance of comparability in significant transactions. In the...
Refund Adjustment Against Stayed Tax Demand Unlawful: Delhi HC Rules in Favor of Nokia Solutions India, Upholds CBDT Guidelines [Read Order]
The Delhi High Court recently, in the case of Nokia Solutions and Networks India Pvt Ltd, upheld the CBDT guidelines declaring the actions of the Revenue arbitrary. The petitioner, Nokia Solutions...
Business Loss Claim by Punjab National Bank on Held-To-Maturity Securities u/s 45(2) of Income Tax Act: Delhi HC Remands Case to AO for Reassessment [Read Order]
The Delhi High Court, in a recent decision, remanded a case to the Assessing Officer ( AO ) for a fresh assessment of a case relating to held-to-maturity ( HTM ) securities. The petitioner, Punjab...
![Business Loss Claim by Punjab National Bank on Held-To-Maturity Securities u/s 45(2) of Income Tax Act: Delhi HC Remands Case to AO for Reassessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Income-Tax-Delhi-High-Court-Income-Tax-Act-Punjab-National-Bank-TAXSCAN.jpg "Business Loss Claim by Punjab National Bank on Held-To-Maturity Securities u/s 45(2) of Income Tax Act: Delhi HC Remands Case to AO for Reassessment [Read Order]")
Reassessment Notices u/s 147 and 148 Beyond Time Limits: Delhi HC Enforces Statutory Limits u/s 149(1) [Read Order]
The Delhi High Court recently ruled in a petition filed by Sanjay Singhal that notices issued beyond statutory limits are not valid unless the delay is substantiated with proper reasons. The...
