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CIT vs ACC Rio Tinto Exploration Ltd. [2010] 2010:DHC:505-DB (Delhi High Court) – Applicability of Section 35E Where No Commercial Production of Minerals Exists
Facts of the Case
The
assessee company was engaged in the business of prospecting and
exploration of ores and minerals.
The
assessee filed its return declaring a loss of ₹3,00,52,260.
During
...
Commissioner of Income Tax vs. Flour Daniel India Pvt. Ltd. | Software Licence Royalty Payments Held Revenue Expenditure under Sections 37(1), 32 and 9(1)(vi) of the Income Tax Act – Delhi High Court
Facts of the CaseFlour Daniel India Pvt. Ltd. was engaged in the business of
preparing engineering designs and drawings for projects undertaken by group
entities.For execution of its assignments, the assessee utilised
...
Commissioner of Income Tax-VI vs Ultimate Fashion Maker Ltd. | No Penalty under Section 271(1)(c) Where DEPB Deduction Claim Under Section 80-IB Was a Debatable Issue: Delhi High Court
Facts of the Case
The
assessee claimed deduction under Section 80-IB of the Income Tax Act, 1961
in respect of income arising from the Duty Entitlement Pass Book (DEPB)
Scheme.
The
Assessing O...
Commissioner of Income Tax vs. Flour Daniel India Pvt. Ltd. | Software Licence Royalty Expenditure Allowable as Revenue Expenditure under Sections 37(1) and 32 of the Income Tax Act – Delhi High Court
Facts of the CaseThe assessee, Flour Daniel India Pvt. Ltd., was engaged in
preparing engineering designs and drawings for projects allotted by group
entities.For carrying out its business activities, the assessee used...
Commissioner of Income Tax, Delhi-I vs. Bharat Rasayan Ltd. | Section 80-IA Deduction on Interest from Trade Debtors, FDR Interest, DEPB Benefits and Duty Drawback Receipts – Delhi High Court
Facts of the CaseBharat Rasayan Ltd., an industrial undertaking engaged in
manufacturing activities, claimed deductions under Section 80-IA on various
receipts arising during the course of its business.The assessee cla...
Commissioner of Income Tax (Central)-I, New Delhi vs. Anil Bhalla | Addition under Section 69C Cannot Be Sustained Solely on Loose Papers Without Corroborative Evidence – Delhi High Court
Facts of the Case
A
search and seizure operation under the Income Tax Act was conducted on
10.02.2000 at the premises of Shri Anil Bhalla and M/s Vatika Township
Pvt. Ltd. (VTPL).
During
the s...
CIT vs. AIMIL Limited: Allowability of Late Provident Fund (PF) and ESI Contributions under Section 36(1)(va) vs. Section 43B of the Income Tax Act, 1961
Facts of the CaseThe leading case pertains to the Assessment Year (AY)
2002-03. The respondent-assessee (M/s. AIMIL Limited) filed its return of
income on October 30, 2002. During the assessment proceedings, the Assess...
Commissioner of Income Tax, Delhi-I vs. Bharat Rasayan Ltd. | Section 80-IA Deduction on Interest from Trade Debtors, FDR Interest, DEPB & Duty Drawback Receipts – Delhi High Court
Facts of the CaseBharat Rasayan Ltd., an industrial undertaking engaged in
manufacturing activities, claimed deduction under Section 80-IA on various
receipts including interest received from customers on delayed payme...
Commissioner of Income Tax vs Assessee – Whether Findings of Fact Based on Customs Investigation Material Raise a Substantial Question of Law under Section 260A of the Income-tax Act, 1961 | Delhi High Court
Facts of the Case
Income-tax
proceedings were initiated against the assessee on the basis of
information received from Customs Authorities.
The
Revenue relied upon customs-related material for...
Commissioner of Income Tax vs. AIMIL Limited (along with Spearhead Digital Studio P. Ltd. vs. Commissioner of Income Tax)Alternative Extended Title: Commissioner of Income Tax vs. AIMIL Limited (with Spearhead Digital Studio P. Ltd. vs. CIT): High Court of Delhi Ruling on Allowability of Deductions under Section 36(1)(va) vs. Section 43B of the Income Tax Act, 1961 regarding Delayed Deposits of Employees' and Employers' Contributions to Provident Fund (PF) and ESI Before Filing Income Tax Returns
Facts of the Case
Assessed
Profile & Timeline: The lead matter pertains
to the assessment year 2002-03 where the respondent-assessee filed its
return of income on October 30, 2002.
The
Dis...