ITAT upholds AO’s 20.97% gross profit estimation for Sarandhar Gupta due to unverifiable cash expenses in road contracting business.
Delhi High Court held that independent non-executive director cannot be held liable for non-fulfilment of export obligations by the company. Accordingly, penalty imposed on the director is liable to be set aside.
Delhi High Court held that initiation of reassessment proceedings by issuance of notice under section 148 of the Income Tax Act is not sustainable in law in as much as the same is barred by limitation as stipulated u/s. 149 (1) of the Income Tax Act.
The present appeal has been preferred by the revenue. The controversy involved in the present appeals pertains to the treatment of “commission income” and the amounts received by the Assessee as “subscription fee”.
Delhi High Court sets aside CESTAT order that relied on now-reviewed Canon-I judgment, remands case back based on Canon-II findings.
Delhi High Court rules taxpayer not entitled to interest on delayed VAT refund when incorrect bank details caused the delay, citing DVAT Act.
Delhi High Court acquits Yogesh in a corruption case, stating uncorroborated evidence of illegal gratification demand under the PC Act is not conclusive.
Delhi High Court invalidates Income Tax notice u/s 148 against ST Engineering Aerospace Engines due to improper service on the Singapore-based entity.
Delhi High Court remands Maggie Marketing’s customs case to CESTAT, finding delay in adjudication not prejudicial. Merits review granted.
Delhi High Court grants relief to MakeMyTrip, quashing a reassessment notice for AY 2015-16 as time-barred. TOLA held inapplicable.
