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Commissioner of Income Tax vs. Delhi Tourism & Transportation Development Corporation (DTTDC) & Ors. — Maintainability of Tax Appeals Involving State PSUs and the Requirement of Cabinet Secretariat's Committee on Disputes (COD) Clearance Under the Income Tax Act, 1961
Facts of the CaseThe Revenue (Central Government) preferred a series of Income
Tax Appeals (ITAs) before the High Court of Delhi against various Public Sector
Undertakings (PSUs) belonging to the State Government (incl...
M/s Bhav Shakti Steel Mines Pvt. Ltd. vs. Commissioner of Income Tax Income Tax Appeal No. 1174/2007 | Delhi High Court Judgment on Section 68 (Unexplained Cash Credits & Share Application Money)
Facts of the CaseThe appellant, M/s Bhav Shakti Steel Mines Pvt. Ltd., is a
private limited company that received share application money in cash from
various share applicants. The Assessing Officer raised issues regar...
Commissioner of Income Tax (TDS) & Commissioner of Income Tax, Delhi XVII vs Bhasin Motors India Pvt. Ltd. | Delhi High Court Dismisses Revenue Appeals Due to Low Tax Effect and CBDT Circular Applicability
Facts of the
Case
The Revenue filed multiple appeals before the Delhi High Court
against Bhasin Motors India Pvt. Ltd.
The appeals pertained to the financial years 1997-98 to 2001-02.
The total tax eff...
Commissioner of Income Tax, Delhi XVII & Commissioner of Income Tax (TDS) vs. Bhasin Motors India (P) Ltd. | Delhi High Court Dismisses Revenue Appeals Due to Low Tax Effect and CBDT Monetary Limit Circular| under section 260A of the Income-tax Act, 1961
Facts of the
Case
The Revenue preferred several appeals against Bhasin Motors India
(P) Ltd. relating to Financial Years 1997-98 to 2001-02.
The cumulative tax effect involved in all appeals was approxim...
Commissioner of Income Tax v. Bioseed Research (India) Pvt. Ltd. (ITA No. 719/2007) – Delhi High Court | MAT Credit Set-Off Before Levy of Interest under Sections 234B & 234C
Facts of the CaseThe Revenue challenged orders of the Income Tax Appellate
Tribunal which had held that MAT credit available under Section 115JAA must be
given effect before calculating interest under Sections 234B and...
Commissioner of Income Tax (Central)-I, New Delhi vs. Sain Processing & Weaving Mills (P) Ltd
Facts of the Case
The
Assessee, M/s Sain Processing & Weaving Mills (P) Ltd, filed its
return of income for the Assessment Year (AY) 1990-91 on December 31,
1990, declaring a business loss of ₹1...
Commissioner of Income Tax (TDS) & Anr. v. Bhasin Motors India Pvt. Ltd. | Delhi High Court Dismisses Revenue Appeals Due to Low Tax Effect and CBDT Monetary Limits| under section 260A of the Income-tax Act, 1961
Facts
of the CaseThe Income Tax Department filed
multiple appeals against Bhasin Motors India Pvt. Ltd. relating to the
financial years 1997-1998 to 2001-2002, covering five assessment years.The aggregate tax effect
...
Commissioner of Income Tax vs. Brijbasi Art Press Limited | MAT Credit under Section 115JAA to be Set Off Before Charging Interest under Sections 234B and 234C
Facts of the CaseThe dispute arose regarding the manner in which interest under
Sections 234B and 234C of the Income-tax Act, 1961 should be calculated where
an assessee possessed available MAT Credit under Section 115...
Commissioner of Income Tax vs. J.K. Synthetics Limited | Capital vs Revenue Expenditure on Technical Know-How and License Fees under Section 37 | Delhi High Court Case Law
Facts of the Case
The
Assessee's Business: The assessee, M/s J.K. Synthetics
Limited, was a well-established manufacturer of synthetic fibers and had
been operating in this line of business since 1962...
Commissioner of Income Tax, Delhi-IV, New Delhi v. Indian Railway Construction Co. Ltd. | Deduction under Sections 80HH and 80-I – Whether Railway Track Construction Constitutes Manufacturing or Production of Articles
Facts of the
Case
Indian Railway Construction Company Ltd. (IRCON), a public sector
undertaking under the Ministry of Railways, was engaged in manufacturing a
large number of railway-related products, incl...