Delhi High Court/DHC in Taneja Developers Writ Petition 6956/2009 – CM 2320/2009- 24/2/2009: In context of stay of tax demand under Income Tax Act (Act), Where income assessed is twice of returned income or more than the same – stay must be granted in routine manner. (For Analysis Click Here)

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Delhi High Court in Indian Oil Panipat Power Consortium ITA No.1156/2007 – 26/02/2009: In context of taxability of interest earned on fixed deposits/FD’s, on temporary parking of money inducted/infused as share capital. (For Analysis Click Here)

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Delhi ITAT in Chandni Bhuchar ITA 1580/Del/2008 : In context of addition made in hands of purchaser assessee on basis of stamp valuation/circle rates substituting actual purchase consideration stated in sale deed, under section 69/69B of the Act, as unexplained investment.  (For Analysis Click Here)

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Del ITAT in Sudhir Malik IT/SS/ 09/Del/2005 – In context of search warrant issued by Additional Director of Income Tax (ADIT –Investigation), ITAT while allowing assessee’s appeal has hold the same to be invalid in eyes of law and has  consequentially quashed the  block/search assessment order  passed u/s 158BC of the Act,  taking support  from DHC  rulings in  the cases of Pawan Garg 19 DTR 52 & Capital Power 19 DTR 63.

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