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Commissioner of Income Tax vs. M/S Dalmia Resorts International | Deletion of Section 68 Cash Credit Additions on Genuineness of Sikkim-Based Lender: Delhi High Court
Facts of the Case
The
Assessee company, M/S Dalmia Resorts International, is engaged in the
business of promoting Holiday Resorts.
For
the Assessment Years (AY) 1988-89, 1989-90, 1990-91, and 1991-...
Commissioner of Income Tax–III vs M/s Sara-Chem Surfactants Pvt. Ltd. – Penalty under Section 271(1)(c) in Loss Cases and Applicability of Explanation 4 to Section 271(1)(c) | Delhi High Court
Facts of the
CaseThe Revenue challenged the order of the Income Tax
Appellate Tribunal (ITAT), which had deleted the penalty imposed under Section
271(1)(c) of the Income-tax Act, 1961. The Tribunal had held that sinc...
Commissioner of Income Tax vs. M/s Dalmia Resorts International: Genuineness of Cash Credits Under Section 68 Upheld Based on Sikkim Lender’s Financial Capacity and Corporate Identity – Delhi High Court Rules No Substantial Question of Law Arises from Concurrent Findings of Fact
Facts of the Case
The
Assessee company, M/s Dalmia Resorts International, is engaged in the
business of promoting Holiday Resorts.
For
the assessment years 1988-89, 1989-90, 1990-91, and 1991-92, th...
Commissioner of Income Tax vs. Anil Kumar Jain (2005) | ITA No. 1141/2005: Whether deletion of addition made on the basis of a seized document involves a substantial question of law under Section 260A when the explanation offered by the assessee is concurrently accepted by appellate authorities.
Facts of the Case
Search
& Seizure Operations: Search, seizure, and survey
proceedings were conducted under Section 132 of the Income Tax Act at the
premises of the assessee, Anil Kumar Jain.
S...
COMMISSIONER OF INCOME TAX TDS VS M/S ALCATEL INDIA LTD REASONABLE CAUSE FOR NON -DEDUCTION OF TDS PENALTY UNDER SECTIONS 271C AND 273B OF THE INCOME TAX ACT 1961
Facts of the CaseThe respondent assessee, M/s Alcatel India Ltd., employed
expatriate employees who had been deputed to India by its parent company, CIT
Alcatel, France. These employees received salary both from the pa...
Commissioner of Income Tax, Delhi v. M/s Coolage Beverages Ltd. – Delhi High Court Deletion of Penalty under Section 271(1)(c) Upheld Where There Was No Concealment or Manipulation of Primary Facts
Facts of the CaseThe Revenue preferred an appeal before the Delhi High Court
challenging the order of the Income Tax Appellate Tribunal (ITAT), which had
upheld the decision of the Commissioner of Income Tax (Appeals) ...
Director of Income Tax (International Taxation) v. M/s HNS India VSAT Inc. – Delhi High Court Deletion of Penalty under Section 271(1)(c) Upheld Where Assessee’s Explanation Was Bona Fide and Not Found False
Facts of the CaseThe appeal was filed by the Revenue against the order of the
Income Tax Appellate Tribunal (ITAT) deleting penalty imposed upon M/s HNS
India VSAT Inc. under Section 271(1)(c) of the Income-tax Act.The...
Revenue vs. Equipment Lessor: A Comprehensive Analysis of the 'Put to Use' Criteria under Section 32 of the Income Tax Act in Light of the Delhi High Court Ruling
Facts
of the Case·
For the Assessment Year 1996-97, the
Assessee, who was engaged in the business of leasing equipment, claimed a
depreciation allowance on a Cyclonic ...
Commissioner of Income Tax v. Cellular Mobile Service Operator (ITA No. 182/2006) – Delhi High Court Interest – on Margin Money Deposits Kept for Bank Guarantees Held as Business Income and Not Income from Other Sources
Facts of the CaseThe respondent-assessee was engaged in the business of
operating cellular mobile telephone services. Under the terms of the licence
granted for operating services in the States of Uttar Pradesh, Bihar,...
Commissioner of Income Tax, Delhi vs. M/S Focus Estates P. Ltd. — Scope of Rule 25 of Appellate Tribunal Rules, 1963 and Validity of Recalling Ex-Parte Orders due to Non-Service of Notice under Section 260A of the Income Tax Act, 1961
Facts of the Case
The
Revenue (Income Tax Department) filed an appeal before the Income Tax
Appellate Tribunal (ITAT) against the respondent-assessee, M/S Focus
Estates P. Ltd.
The
ITAT heard...