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Commissioner of Income Tax v. Sudhatha Mercantile Ltd. (Earlier Known as M/s Sudhatha Mercantile Ltd.) | Agricultural Income from Ornamental Plant Cultivation Held Exempt from Tax under the Income-tax Act, 1961
Facts of the CaseThe assessee company, earlier known as M/s
Sudhatha Mercantile Ltd., was engaged in the cultivation, production, and sale
of ornamental plants and other vegetative plants.The assessee owned approximate...
Commissioner of Income Tax v. Sudhatha Mercantile Ltd. (Formerly Known as M/s Sudhatha Mercantile Ltd.) – Agricultural Income from Ornamental Plants Held Exempt from Tax under the Income-tax Act, 1961
Facts of the CaseThe assessee, formerly known as M/s Sudhatha
Mercantile Ltd., was engaged in the cultivation, production, and sale of
ornamental and other vegetative plants. The assessee owned approximately 126.6
acr...
Commissioner of Income Tax vs. C.B. K.R. Enterprises | Delhi High Court Upholds Deduction of Business Promotion, Commission and Scheme Expenses under the Income-tax Act, 1961
Facts of the
CaseThe assessee, C.B. K.R. Enterprises, was a
partnership firm engaged in the business of trading and acted as a commission
agent for Marico Industries Ltd., manufacturer of Saffola edible oil and Hair
...
Commissioner of Income Tax vs. Sudhatha Mercantile Ltd. | Delhi High Court | Agricultural Income from Ornamental Plants Held Exempt from Tax under the Income-tax Act, 1961
Facts of the CaseThe assessee, M/s Sudhatha Mercantile Ltd., was
engaged in the cultivation, production and sale of ornamental plants and other
vegetative plants. The company owned approximately 126.6 acres of agricult...
Commissioner of Income Tax vs. M/s Mohan Meakin Ltd. | Allowability of Puja, Havan & Kirtan Expenses as Business Expenditure under Section 37(1) of the Income-tax Act, 1961
Facts of the Case
The
assessee, M/s Mohan Meakin Ltd., incurred expenditure on Puja, Havan,
Kirtan and similar activities as a welfare measure for its employees and
staff members at its various units ...
Ajeeta Kaur Saluja vs. Commissioner of Income Tax: Invocation of Section 69A on Bogus Gifts and Shift of Onus of Proof under Income Tax Act
Facts
of the Case·
During
the assessment proceedings for the Assessment Year (AY) 2000-01, the Assessing
Officer (AO) discovered three receipts aggregating to $Rs. 7,5...
Commissioner of Income Tax v. Assessee – Eligibility of DEPB Benefits for Deduction under Section 80-IB of the Income Tax Act, 1961 | Delhi High Court
Facts of the Case
The
assessee claimed deduction under Section 80-IB on profits represented by
DEPB benefits.
The
Assessing Officer held that DEPB receipts were not eligible for deduction
unde...
Commissioner of Income Tax vs. Assessee – Allowability of Export Commission Deduction under the Income-tax Act | Delhi High Court | ITA No. 441/2009
Facts of the CaseThe assessee claimed deduction of export commission
amounting to Rs. 2,91,11,445/- under the provisions of the Income-tax
Act.The Assessing Officer (AO) disallowed the
deduction claimed by the assesse...
Commissioner of Income Tax vs. Mohan Meakin Ltd. | Allowability of Puja, Hawan and Kirtan Expenses as Business Expenditure under Section 37(1) of the Income Tax Act, 1961
Facts of the CaseM/s Mohan Meakin Ltd. operated manufacturing units
at several locations including Solan, Ghaziabad, Lucknow, Gram and Kasauli. The
company incurred expenditure on puja, hawan, kirtan and related activi...
Commissioner of Income Tax vs. M/s Mohan Meakin Ltd. – Allowability of Puja, Havan and Kirtan Expenses as Business Expenditure under Section 37(1) of the Income-tax Act, 1961 | Delhi High Court
Facts of the CaseThe assessee, M/s Mohan Meakin Ltd., had been
incurring expenditure on Puja, Havan, Kirtan and similar activities as a
welfare measure for its employees and staff members across its various units
loca...