Delhi High Court held that disallowance of travel expenditure unjustified as the expenses incurred had a nexus with the business interest of the respondent/assessee and AO has not brought anything on record to prove that the expenditure were of personal nature.
Delhi High Court held that notice for reopening of assessment issued u/s. 148 of the Income Tax Act on the last date of the limitation period cannot be said be have been issued beyond the period of limitation.
Delhi High Court quashes 148 notices for AY 2016-17 & 2017-18, setting precedent against retrospective tax assessments under Rs 50L; protects taxpayers’ rights.
Delhi High Court held that the taxing authorities would be bound by the view already taken and it would in any case be impermissible for them to take contrarian views with respect to an identical set of facts. Accordingly, refund granted in earlier occasions has to be granted currently as based on identical set of facts.
In the PCIT vs. Madhu Gupta case, Delhi HC emphasizes the necessity of a properly served notice under Section 148 for triggering reassessment proceedings.
Delhi High Court supports ITAT decision to delete disallowance of engineering fees, citing no material basis for discrediting debit notes. Get insights on CIT vs Cobra Instalaciones Y Servicios S.A.
Delhi High Court supports ITAT’s verdict on the selection of comparables for determining the Arm’s Length Price of an international transaction. Get insights on PCIT vs Chrys Capital
Delhi High Court rules against using high premium as the correct test for addition under Section 68 of the Income Tax Act. Full text of the judgment available.
Delhi High Court upholds ITAT’s decision: Advertising, Marketing, and Promotion (AMP) expenses by Wrigley India Pvt. Ltd. not considered an international transaction.
Relief for Indus Towers as Delhi High Court nullifies Income Tax Assessment Order, citing non-compliance with natural justice. Full analysis of the judgment in Indus Towers Limited vs. ACIT.
