Delhi HC quashes Reassessment Notices, Rules Interest Income from NCDs not subject to Dividend Tax [Read Order]
In the recent case, the High Court Of Delhi quashed the reassessment notices for assessment year(AY) 2018-19 issued to petitioner. The court held...
![No Reopening of Income Tax Assessment on Entirely New Material: Delhi HC upholds Right of Assessee to Challenge Re-Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Assessment-Delhi-HC-Re-Assessment-Reopening-of-Income-Tax-Assessment-delhi-hc-about-income-tax-assessment-income-tax-news-delhi-hc-news-taxnews-taxscan.jpg "No Reopening of Income Tax Assessment on Entirely New Material: Delhi HC upholds Right of Assessee to Challenge Re-Assessment [Read Order]")
![AY relevant for Action depends on Date of Recording Satisfaction, not Date of Search u/s 153C of Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Act-Income-Tax-Commissioner-Delhi-HC-TAXSCAN.jpg "AY relevant for Action depends on Date of Recording Satisfaction, not Date of Search u/s 153C of Income Tax Act: Delhi HC [Read Order]")
![Pendency of Insolvency Proceedings: Delhi HC quashes Reassessment Notice u/s 148 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Delhi-High-Court-ncome-Tax-Act-Reassessment-Notice-Reassessment-Taxscan.jpg "Pendency of Insolvency Proceedings: Delhi HC quashes Reassessment Notice u/s 148 of Income Tax Act [Read Order]")
Filing of Audit Report before Framing Income Tax Assessment is Deemed Fulfilment of Section 80-IA(7) Requirement: Delhi HC [Read Order]
The Delhi High Court has ruled that an assessee is eligible for exemptions under Sections 11(1) and 11(2) of the Income Tax Act, and a procedural omission like not filing the audit report with the...
![Filing of Audit Report before Framing Income Tax Assessment is Deemed Fulfilment of Section 80-IA(7) Requirement: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/delhi-hc-income-tax-it-Income-Tax-Assessment-Framing-Filing-of-Audit-Report-delhi-highcourt-audit-report-Income-Tax-Assessment-Tax-Assessment-Section-80-IA7-taxnews-taxscan.jpg "Filing of Audit Report before Framing Income Tax Assessment is Deemed Fulfilment of Section 80-IA(7) Requirement: Delhi HC [Read Order]")
Delhi HC directs to Issue Refund with Interest u/s 42 of DVAT Act for Delayed VAT Refunds [Read Order]
The Delhi High Court directed to issue a refund with interest under Section 42 of the Delhi Value Added Tax (DVAT) Act for delayed refunds, allowing the writ petition filed by Mangalam Traders. ...
![Delhi HC directs to Issue Refund with Interest u/s 42 of DVAT Act for Delayed VAT Refunds [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Delhi-High-Court-Delhi-HC-Refund-with-Interest-DVAT-Act-DVAT-Delhi-Value-Added-Tax-Mangalam-Traders-TAXSCAN.jpg "Delhi HC directs to Issue Refund with Interest u/s 42 of DVAT Act for Delayed VAT Refunds [Read Order]")
No CBLR Violation by Customs Broker for Misdeclaration by Importer: Delhi HC sets aside Penalty [Read Order]
In a recent ruling of Delhi High Court, the court set aside an order of CESTAT which imposed a penalty on appellant and allowed the appeal. Get a Copy of Supreme Court Judgments on GST with Free...
Relief to Mitsubishi: Delhi High Court directs AO to consider Revised Income Tax Return [Read Order]
The Delhi High Court allowed the writ petition in favor of Mitsubishi Corporation and quashed the assessment order as the tribunal failed to consider the plenary powers conferred to it under Section...
![Relief to Mitsubishi: Delhi High Court directs AO to consider Revised Income Tax Return [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Delhi-High-Court-Income-Tax-Return-ITR-Mitsubishi-Income-Tax-Mitsubishi-Corporation-tax-taxscan.jpg "Relief to Mitsubishi: Delhi High Court directs AO to consider Revised Income Tax Return [Read Order]")
Suspension of Customs Broker License Invalid under CBLR 2018: Delhi High Court sets aside CESTAT Order [Read Order]
The Delhi High Court invalidated the suspension of the Customs Broker license and set aside the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) order on the grounds that suspension...
![Suspension of Customs Broker License Invalid under CBLR 2018: Delhi High Court sets aside CESTAT Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Delhi-High-Court-CBLR-Suspension-of-Customs-Broker-License-Customs-Broker-License-Customs-Broker-TAXSCAN.jpg "Suspension of Customs Broker License Invalid under CBLR 2018: Delhi High Court sets aside CESTAT Order [Read Order]")
Not Permissible for TPO to Engage in Restructuring of Transaction: Delhi HC dismisses Appeal [Read Order]
The Delhi High Court has held that it is not permissible for the Transfer Pricing Officer ( TPO ) to engage in the restructuring of a transaction. The bench of Justice Yashwant Varma and Justice...
Loans by NOIDA not Commercial Activity: Delhi HC allows Income Tax Exemption u/s 10(46) [Read Order]
The Delhi High Court has ruled that the loans and advances given by the New Okhla Industrial Development Authority (NOIDA) are not commercial activities and are therefore eligible for exemption under...
![Loans by NOIDA not Commercial Activity: Delhi HC allows Income Tax Exemption u/s 10(46) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/loans-noida-New-Okhla-Industrial-Development-Authority-delhi-hc-delhi-hc-news-delhi-high-court-delhi-high-court-news-income-tax-income-tax-news-tax-exemption-tax-news-tax-scan.jpg "Loans by NOIDA not Commercial Activity: Delhi HC allows Income Tax Exemption u/s 10(46) [Read Order]")