Revenue cannot extend Reassessment Notice Period Due to Earlier Litigation Delays: Delhi HC [Read Order]
The Delhi High Court has ruled that the Income Tax Department cannot issue a fresh reassessment notice beyond the prescribed limitation period if the...
![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]")
No Action against ‘Tax Arrears’ once Settlement Certificate u/s 5(1) of Vivad Se Vishwas is Issued: Delhi HC [Read Order]
The Delhi High Court in a significant judgment has held that no action may be initiated against ‘tax arrears’ once a full and final settlement certificate under Section 5(1) of the Direct Tax Vivad...
![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...
