Amount Retention by Advertisement Agencies on Principal-Principal basis is Trade Discount, No TDS Obligation u/s 194H: Delhi HC [Read Order]
In a recent verdict, the Delhi High Court determined that the amount retained back by advertising agencies from the assessee, following a...
![AO has to form Opinion before Recording Disallowance u/s 40A(2)(a) of Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Disallowance-Delhi-high-court-Income-Tax-Act-Income-tax-Assessing-Officer-AO-has-to-form-Opinion-before-Recording-Disallowance-Under-section-40A2a.jpg "AO has to form Opinion before Recording Disallowance u/s 40A(2)(a) of Income Tax Act: Delhi HC [Read Order]")
![Failure of AO to Inquire into Documents of Foreign Remittance of 9 Crores: Delhi HC sets aside order Passed U/s 148 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Failure-of-AO-Inquire-into-Documents-Foreign-Remittance-Delhi-HC-sets-aside-Income-Tax-Act-TAXSCAN.jpg "Failure of AO to Inquire into Documents of Foreign Remittance of 9 Crores: Delhi HC sets aside order Passed U/s 148 of Income Tax Act [Read Order]")
![Income Tax Addition of 6 Crores on Income Derived From House Property Abutting Assessees Hotel: Delhi HC dismisses Appeal as matter Pending Before SC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Income-Tax-Addition-Income-Derived-From-House-Property-Abutting-Assessees-Hotel-Delhi-HC-dismisses-Appeal-Pending-Before-SC-TAXSCAN.jpg "Income Tax Addition of 6 Crores on Income Derived From House Property Abutting Assessees Hotel: Delhi HC dismisses Appeal as matter Pending Before SC [Read Order]")
Bogus Purchase, Claim of Expense Denied without Corroborative Evidence:Â Delhi HC quashes Reassessment Order [Read Order]
The Delhi High Court quashed the reassessment as alleging a Bogus Purchase, the claim of expense denied without corroborative evidence. Mr Shlok Chandra, learned senior standing counsel, accepts...
![Bogus Purchase, Claim of Expense Denied without Corroborative Evidence:Â Delhi HC quashes Reassessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Bogus-Purchase-Claim-of-Expense-Expense-Claim-Corroborative-Evidence-taxscan.jpg "Bogus Purchase, Claim of Expense Denied without Corroborative Evidence:Â Delhi HC quashes Reassessment Order [Read Order]")
Delhi High Court Condoned 170 Days Delay in Re-filing Appeals by Commissioner of Income Tax; Refrains from Entertaining Issues Not Raised before the Statutory Authority [Read Order]
The High Court of Delhi has condoned the delay of 170 days in the re-filing of appeals by the Commissioner of Income Tax - International Taxation -1. However, the court refrained from entertaining...
![Delhi High Court Condoned 170 Days Delay in Re-filing Appeals by Commissioner of Income Tax; Refrains from Entertaining Issues Not Raised before the Statutory Authority [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Delhi-High-Court-Condoned-Delay-in-Re-filing-Appeals-Commissioner-of-Income-Tax-Refrains-Entertaining-Issues-Raised-Statutory-Authority-TAXSCAN.jpg "Delhi High Court Condoned 170 Days Delay in Re-filing Appeals by Commissioner of Income Tax; Refrains from Entertaining Issues Not Raised before the Statutory Authority [Read Order]")
Reversal of Deletion of Addition on Unexplained Cash Credit: Delhi HC Directs ITAT to state Valid Reasons for Reversal [Read Order]
In the case of reversal of deletion of addition on unexplained cash credit, the Delhi High Court directed the Income Tax Appellate Tribunal (ITAT) to state valid reason for the reversal. Om...
![Reversal of Deletion of Addition on Unexplained Cash Credit: Delhi HC Directs ITAT to state Valid Reasons for Reversal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Reversal-of-Deletion-of-Addition-on-Unexplained-Cash-Credit-Delhi-HC-Directs-ITAT-Reasons-for-Reversal-TAXSCAN.jpg "Reversal of Deletion of Addition on Unexplained Cash Credit: Delhi HC Directs ITAT to state Valid Reasons for Reversal [Read Order]")
Allotment of Shares in Scheme of Amalgamation is not Construed as Transfer u/s 47(vii) of Income Tax Act: Delhi HC [Read Order]
The Delhi High Court held that the allotment of shares in a scheme of amalgamation was not construed as transfer under Section 47(vii) of the Income Tax Act,1961. Banyan Real Estate Fund...
![Allotment of Shares in Scheme of Amalgamation is not Construed as Transfer u/s 47(vii) of Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Allotment-of-Shares-in-Scheme-of-Amalgamation-is-not-Construed-as-Transfer-Income-Tax-Act-Delhi-HC-TAXSCAN.jpg "Allotment of Shares in Scheme of Amalgamation is not Construed as Transfer u/s 47(vii) of Income Tax Act: Delhi HC [Read Order]")
No SCN issued Prior to upward Revision of Income: Delhi HC quashes Assessment Order u/s 147 of Income Tax Act [Read Order]
The Delhi High Court quashed assessment order issued under Section 147 of the Income Tax Act, 1961 as no Show Cause Notice (SCN) was issued prior to upward revision of income. Dr Rakesh Gupta, who...
![No SCN issued Prior to upward Revision of Income: Delhi HC quashes Assessment Order u/s 147 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/No-SCN-issued-Upward-Revision-of-Income-Delhi-Highcourt-Assessment-Order-Income-Tax-Act-taxscan.jpg "No SCN issued Prior to upward Revision of Income: Delhi HC quashes Assessment Order u/s 147 of Income Tax Act [Read Order]")
No Appeal would Lie against Order in Miscellaneous Application u/s 260A of Income Tax Act: Delhi HC Disposes Appeal against L.G Electronics [Read Order]
The Delhi High Court held that no appeal would lie against the order in miscellaneous applications under section 260A of the Income Tax Act,1961. L.G. Electronics Inc. Korea, the respondent...
![No Appeal would Lie against Order in Miscellaneous Application u/s 260A of Income Tax Act: Delhi HC Disposes Appeal against L.G Electronics [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/No-Appeal-would-Lie-against-Order-in-Miscellaneous-Application-Appeal-Order-Miscellaneous-Application-Delhi-High-Court-Disposes-Appeal-against-L.G-Electronics-Delhi-High-Court-Taxscan.jpg "No Appeal would Lie against Order in Miscellaneous Application u/s 260A of Income Tax Act: Delhi HC Disposes Appeal against L.G Electronics [Read Order]")
