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Commissioner of Income Tax, Delhi-XI, New Delhi vs. Standing Conference of Public Enterprises (SCOPE) – Principle of Mutuality Applicable to Member-Based Receipts and Interest Income | Delhi High Court
Facts of the CaseThe respondent, Standing Conference of Public Enterprises
(SCOPE), was a society registered under the Societies Registration Act, 1860.
It was formed at the initiative of the Government of India to imp...
Commissioner of Income Tax v. Jagatjit Industries Ltd. – Foreign Exchange Fluctuation Gain on GDR Share Capital Held as Capital Receipt Not Taxable Under Income Tax Act
Facts of the CaseJagatjit Industries Ltd., a multi-product company engaged in
the manufacture and sale of alcoholic beverages, malted milk food, dairy
products and allied products, issued equity shares overseas through...
Commissioner of Income Tax vs. Ericsson Communications Pvt. Ltd. | Provision for Warranty Charges Held Allowable as Business Deduction under Section 37(1) of the Income Tax Act
Facts of the CaseEricsson Communications Pvt. Ltd. was engaged in the business
of installation, erection, and commissioning of various telecommunications
projects. The contracts executed by the company contained warran...
Commissioner of Income Tax vs. Assessee – Revenue Appeal Dismissed as Issue Already Covered by CIT v. Dabur India Ltd. (2006) 283 ITR 197 (Delhi) | Delhi High Court | ITA No. 175/2008
Facts
of the Case1.
The
Revenue preferred an appeal before the Delhi High Court under the Income-tax
Act, 1961.2.
The
matter involved an issue identical t...
Commissioner of Income Tax vs Jagatjit Industries Ltd. : Foreign Exchange Fluctuation Gain on Share Capital Raised Through GDRs Treated as Capital Receipt and Not Taxable
Facts of the CaseJagatjit Industries Ltd., a multi-product company engaged in
the business of alcoholic beverages, malted milk food and dairy products,
issued Global Depository Receipts (GDRs) overseas and raised share...
CIT v. Assessee (ITA No. 1085/2009) – Jurisdictional Issues in Reassessment Proceedings Under Section 148 Must First Be Adjudicated by CIT(A) Before Tribunal Interference | Delhi High Court.
Facts of the Case
Notice under Section 148 was issued for reopening the assessment
for Assessment Year 1997-98.
A reassessment order was passed by the Assessing Officer on
02.03.2005.
The assessee chall...
Commissioner of Income Tax vs. Jagatjit Industries Ltd. | Foreign Exchange Fluctuation Gain on GDR Share Capital Held as Capital Receipt Not Taxable | Delhi High Court
Facts of the CaseJagatjit Industries Ltd., a multi-product company engaged in
alcoholic beverages, malted milk food, dairy products and related businesses,
raised funds through the issuance of Global Depository Receipt...
Commissioner of Income Tax vs. Ericsson Communications Pvt. Ltd. | Provision for Warranty Charges as Allowable Business Deduction under Section 37 of the Income Tax Act
Facts of the CaseEricsson Communications Pvt. Ltd. was engaged in the business
of installation, erection, and commissioning of telecommunications projects.
The contracts entered into by the company contained warranty c...
Commissioner of Income Tax vs. Sonia Engineering Works | Delhi High Court Dismisses Revenue Appeal on Deletion of Penalty | ITA No. 1268/2008
Facts of the CaseThe matter pertained to Assessment Year 1995-96. The appeal
was filed by the Commissioner of Income Tax before the Delhi High Court against
the order dated 28.03.2008 passed by the Income Tax Appellate...
Commissioner of Income Tax v. Dharam Shila Cancer Research Foundation [2010] 2010:DHC:89-DB (Delhi High Court)
Facts of the CaseThe assessee, Dharam Shila Cancer Research Foundation, was
established in 1990 and was duly registered under Section 12A of the Income-tax
Act, 1961. It also enjoyed approval under Section 80G and was ...