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Commissioner of Income Tax v. Assessee | Section 68 of the Income Tax Act, 1961 – Whether Cash Withdrawn from Bank and Subsequently Redeployed Can Be Treated as Unexplained Cash Credit | Delhi High Court | ITA No. 1305/2009 | 2009:DHC:8884-DB
Facts of the CaseThe Assessing Officer made an addition of ₹60,00,000 under
Section 68 of the Income Tax Act on the ground that the amount represented
unexplained cash.The assessee explained that the amount had been ...
COMMISSIONER OF INCOME TAX - III VS. SONA KOYO STEERING SYSTEMS LIMITED: Computation of Deduction Under Section 80-I
Facts of the Case·
The assessee maintained two distinct
units, specifically a steering unit and an axle unit. ·
During ...
Commissioner of Income Tax Vs. M/s Eicher Ltd.: Delhi High Court Judgement on Deletion of Accrued Interest Income under Section 260A of Income Tax Act, 1961 – Application of Real Income Theory and Commercial Expediency in Sticky Inter-Corporate Deposits and Non-Recovery Settlements
Facts of the Case
The
Parties & Assessment: The Appellant
(Revenue/Commissioner of Income Tax) filed an appeal against the
Respondent-Assessee (M/s Eicher Ltd.) pertaining to the Assessment Year
...
Appellant v. Respondent | Income Tax Appeal Dismissed as Withdrawn After Allowance of Rectification Application Under Section 154(2) of the Income Tax Act, 1961 | Delhi High Court | ITA No. 1306/2009 | 2009:DHC:8894-DB
Facts of the CaseThe appellant had filed an appeal before the Delhi High Court
challenging an order arising under the Income Tax Act.During the pendency of the appeal, the appellant filed an
application under Section 1...
Commissioner of Income Tax vs. M/S International Research Park Laboratories Ltd. – Inclusion of Commission Income and Assignment Profits in Business Profits for Determining Deduction Quantum and Export Eligibility under Section 80HHC of the Income Tax Act, 1961
Facts of the Case
The
Revenue Department (Petitioner) filed two reference cases before the High
Court of Delhi concerning the Assessment Years 1990-1991 and 1991-1992.
The
Respondent-Assessee, M/S ...
P.P.C. Business & Products Pvt. Ltd. vs Chief Commissioner of Income Tax: Waiver of Interest Under Sections 234A, 234B & 234C
Facts of
the CaseThe Central Bureau of Investigation (CBI) conducted a raid on
the Petitioner-company's premises on April 1, 2001, and April 3, 2001.The CBI seized the company's books of accounts and other
documents, ...
Public Sector Undertaking v. Assessee | Income Tax Appeal Dismissed for Want of Committee on Disputes (COD) Approval | Delhi High Court | ITA Nos. 1370 & 1371 of 2009 | 2009:DHC:8944-DB
Facts of the CaseThe appellant, a Public Sector Undertaking, filed Income Tax
Appeals before the Delhi High Court.The appellant informed the Court that approval from the
Committee on Disputes (COD) was mandatory before...
Commissioner of Income Tax v. Assessee | Section 115JB – Addition of Provision for Doubtful Debts and Slow-Moving Inventory While Computing Book Profits under MAT | Delhi High Court
Facts of the CaseThe Revenue preferred an appeal before the Delhi High Court
challenging the order of the Income Tax Appellate Tribunal.The dispute related to deletion of additions made by the
Assessing Officer while c...
Commissioner of Income Tax vs Oriental Structural Engineers Pvt. Ltd. | Disallowance under Section 40A(2)(b) Cannot Be Made Without Proving Excessive Payment to Related Parties – Delhi High Court
Facts of the
Case
The assessee was a joint venture consisting of Oriental Structural
Engineers Pvt. Ltd. and Gammon India Ltd.
The joint venture was formed solely for obtaining contracts from
the Nationa...
Commissioner of Income Tax vs M/s International Research Park Laboratories Ltd. | Deduction under Section 80HHC on Commission Income from Export Orders | Delhi High Court
Facts of the Case
The
assessee was engaged in business activities involving export orders.
The
assessee received commission income upon assignment of export orders to
another party in India.
While...