Tag: Delhi High Court
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Once Principal Grounds Of Reassessment Dropped, No Further Income Tax Additions Can Be Made: Delhi High Court
The Delhi High Court reiterated that once the principal grounds on which reassessment was proposed are dropped, no further income tax additions can be...
Delhi High Court Upholds ITAT’s Order Allowing Customs-Duty Adjustment On Import Of Watches
The Delhi High Court while dismissing the appeal of the income tax department upheld the order passed by the Income Tax Appellate Tribunal (ITAT)...
SETTLEMENT CONSIDERATION TO EX-EMPLOYEE FOR RELINQUISHING RIGHTS TO EQUITY SHARES BE TAXED UNDER CAPITAL GAINS: DELHI HIGH COURT
Author: Khushi J PrajapatiThe Delhi High Court ruled that the settlement consideration received by the assessee for relinquishing rights to sweat equity shares should...
Income Tax Reassessment Can Be Initiated On Financial Transactions Liable To Be Taxed Having Escaped Assessment & Not Otherwise: Delhi High Court
Author: Khushi J. PrajapatiThe Delhi High Court held that income tax reassessment can only be initiated if a financial transaction that is liable to...
Income Tax Reassessment Can’t Be Based On Allegations Of Delayed Digital Filling Of Form 10: Delhi High Court
Author: Khushi J. PrajapatiThe Delhi High Court held that income tax reassessment proceedings cannot be initiated solely based on the allegation of delayed digital...