![Relief to Revenue: Delhi HC Affirms AO’s Reassessment u/s 147 on basis of Third-Party search Findings [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Relief-to-Revenue-Delhi-HC-Affirms-basis-of-Third-Party-Third-Party-search-Findings-AOs-Reassessment-search-Findings-Affirms-AOs-Reassessment-taxscan.jpg "Relief to Revenue: Delhi HC Affirms AO’s Reassessment u/s 147 on basis of Third-Party search Findings [Read Order]")
Relief to Revenue: Delhi HC Affirms AO’s Reassessment u/s 147 on basis of Third-Party search Findings [Read Order]
The Delhi High Court recently remitted matter back to the file of the Income Tax Appellate Tribunal (ITAT) observing that a jurisdictional Assessing...
![Delhi HC upholds PCIT Order overruling AO’s erroneous Land Classification in Income Tax Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Income-Tax-Income-Tax-Assessment-Order-Delhi-High-Court-Delhi-HC-on-Land-Classification-in-Tax-Assessment-Taxscan.jpg "Delhi HC upholds PCIT Order overruling AO’s erroneous Land Classification in Income Tax Assessment Order [Read Order]")
![Delayed Income Tax Penalty Order u/s 271C for failure to Deduct TDS not Sustainable: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Delhi-High-Court-Delhi-HC-Income-Tax-Penalty-Delayed-Income-Tax-Penalty-Order-Income-Tax-Tax-Deducted-at-Source-taxscan.jpg "Delayed Income Tax Penalty Order u/s 271C for failure to Deduct TDS not Sustainable: Delhi HC [Read Order]")
![Non-Issuance of Notice u/s 124 of Customs Act: Delhi HC directs Immediate Release of Detained Patek Philippe Watch [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Customs-Customs-Act-Delhi-HC-Delhi-High-Court-Patek-Philippe-Watch-Cases-TAXSCAN.jpg "Non-Issuance of Notice u/s 124 of Customs Act: Delhi HC directs Immediate Release of Detained Patek Philippe Watch [Read Order]")
No Issuance of Income Tax Notice Beyond 10 years from Relevant Assessment Year as per S.149 r/w 153C: Delhi HC [Read Order]
The High Court of Delhi recently allowed a Petition filed against the Revenue holding that Income Tax Reassessment Notice may not be issued beyond a period of 10 years from the relevant Assessment...
![No Issuance of Income Tax Notice Beyond 10 years from Relevant Assessment Year as per S.149 r/w 153C: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/No-Issuance-of-Income-Tax-Notice-Relevant-Assessment-Year-S.149-rw-153C-Delhi-HC-TAXSCAN.jpg "No Issuance of Income Tax Notice Beyond 10 years from Relevant Assessment Year as per S.149 r/w 153C: Delhi HC [Read Order]")
Delhi HC upholds Transactional Net Margin Method as Appropriate Method for Calculating Arm's Length Price Over TPO's Alternative Method [Read Order]
In a recent ruling, the Delhi High Court upheld the use of the Transactional Net Margin Method ( TNMM ) as the appropriate approach for calculating the arm’s length price ( ALP ) over the alternative...
Depreciation can be Calculated on Intangible Assets: Delhi HC upholds Depreciation Claim as allowed by CIT(A) [Read Order]
The Delhi High Court observed that the Depreciation can be calculated on Intangible Assets and also upheld the Depreciation claim as allowed by Commissioner of Income Tax (Appeals) [CIT(A)]. The...
S. 153C Applicable to Searches Prior to Finance Act, 2015 Also: Delhi HC remands Income Tax Matter [Read Order]
The Delhi High Court remanded the Income Tax Matter to the Appellate Tribunal stating that Section 153C of the Income Tax Act, 1961 is also applicable to Searches Prior to Finance Act, 2015. The...
![S. 153C Applicable to Searches Prior to Finance Act, 2015 Also: Delhi HC remands Income Tax Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Delhi-High-Court-Income-Tax-Finance-Act-Finance-Act-2015-Taxscan.jpg "S. 153C Applicable to Searches Prior to Finance Act, 2015 Also: Delhi HC remands Income Tax Matter [Read Order]")
S.14A Disallowance not Applicable when Exempt Income is not Gained: Delhi HC dismisses Income Tax Appeal against Sahara India Financial Corporation [Read Order]
The Delhi High Court in a recent Income Tax Appeal against Sahara India Financial Corporation held that no disallowance of any expenditure under Section 14A of the Income Tax Act, 1961 is permissible...
![S.14A Disallowance not Applicable when Exempt Income is not Gained: Delhi HC dismisses Income Tax Appeal against Sahara India Financial Corporation [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Disallowance-Applicable-Exempt-Income-Gained-Delhi-HC-Income-Tax-Appeal-Sahara-India-Financial-Corporation-taxscan.jpg "S.14A Disallowance not Applicable when Exempt Income is not Gained: Delhi HC dismisses Income Tax Appeal against Sahara India Financial Corporation [Read Order]")
Inordinate Delay of 880 Days in Re -filing Income Tax Appeal: Delhi HC rejects Condonation Plea. [Read Order]
In a recent case before Delhi High Court the condonation of delay appeal filed by revenue was dismissed on grounds of unreasonable delay of 880 days in submitting the appeal. The Commissioner of...
![Inordinate Delay of 880 Days in Re -filing Income Tax Appeal: Delhi HC rejects Condonation Plea. [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Delhi-HC-Delhi-High-Court-Delhi-HC-Rejects-Condonation-Plea.-Inordinate-Delay-Re-filing-Income-Tax-Appeal-Income-Tax-Appeal-condonation-of-delay-High-Court-News-taxscan.jpg "Inordinate Delay of 880 Days in Re -filing Income Tax Appeal: Delhi HC rejects Condonation Plea. [Read Order]")
AO not at Fault in completing Income Tax Assessment once Jurisdiction to Issue Notice u/s 143(2) is Accepted: Delhi HC [Read Order]
The Delhi High Court recently upheld the powers of an Assessing Officer (AO) to complete a pending Income Tax Assessment, once the jurisdictional competence of the Officer to issue Notice under...
![AO not at Fault in completing Income Tax Assessment once Jurisdiction to Issue Notice u/s 143(2) is Accepted: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Delhi-High-Court-Delhi-HC-Income-Tax-Income-Tax-Assessment-AO-Assessing-Officer-Section-1432-TAXSCAN.jpg "AO not at Fault in completing Income Tax Assessment once Jurisdiction to Issue Notice u/s 143(2) is Accepted: Delhi HC [Read Order]")