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M/s Ram Bagh Palace Hotel (P) Ltd. vs Commissioner of Income Tax – Capital vs Revenue Expenditure on Hotel Renovation, Tribunal's Duty to Give Reasons While Reversing CIT(A) Order | AY 1995-96 | Delhi High Court
Facts of the
CaseThe assessee, M/s Ram Bagh Palace Hotel (P) Ltd.,
incurred expenditure on various works connected with its hotel property during
Assessment Year 1995-96. The disputed expenses included:
Glass supply...
Braham Pal vs. Income Tax Officer: Stay of Demand and Condonation of Limitation under Section 246A and Section 220 of the Income Tax Act, 1961 (Read with Article 226 of the Constitution of India)
Facts of the CaseThe petitioner, Braham Pal, approached the High Court of Delhi
via a writ petition under Article 226 of the Constitution of India challenging
an assessment order passed by the Income Tax Officer (Respo...
CIT Delhi vs M/s Select Holidays Resorts Ltd. – Interest Liability under Sections 201(1) & 201(1A) Where Deductee Has Already Paid Tax | Delhi High Court
Facts of the
CaseThe Revenue filed multiple appeals before the Delhi
High Court under Section 260A of the Income-tax Act against the orders passed
by the Commissioner of Income Tax (Appeals) and subsequently affirmed ...
Dismissal of Writ Petition Against Section 148 Reassessment Notice Due to Existence and Invocation of Alternative Statutory Remedy Under Section 246A / Chapter XX of the Income Tax Act, 1961
Facts of the Case
The
petitioner filed a writ petition assailing a notice issued by the
respondent under Section 148 of the Income Tax Act, 1961, which
proposed to reopen a completed assessment.
By...
Commissioner of Income Tax, Delhi vs. M/s Select Holidays Resorts Ltd. – TDS Default, Interest Liability under Sections 201(1) & 201(1A) of the Income-tax Act, 1961
Facts of the CaseThe Revenue filed multiple appeals under Section
260A of the Income-tax Act, 1961 against the common orders passed by the
Commissioner of Income Tax (Appeals) for Assessment Years 1995-96, 1996-97,
19...
Commissioner of Income Tax vs. M/s Sanwa Bank Ltd. – Section 271C Penalty Deletion Upheld Due to Reasonable Cause for Non-Deduction of TDS on Expatriate Salaries Paid Outside India Under Section 273B
Facts of the CaseThe Revenue (Appellant) filed an appeal under Section 260A of
the Income Tax Act, 1961, challenging an order passed by the Income Tax
Appellate Tribunal (ITAT). The ITAT had deleted the penalty levied ...
CIT vs Moni Kumar Subba & Another – Determination of Annual Letting Value (ALV) and Inclusion of Notional Interest on Interest-Free Security Deposit under Section 23(1)(a) of the Income-tax Act, 1961
Facts of the CaseThe Revenue filed an appeal before the Delhi High
Court challenging the order of the Income Tax Appellate Tribunal (ITAT)
relating to the determination of the Annual Letting Value (ALV) of a house
pro...
M/s Indian Management Advisors & Leasing Pvt. Ltd. (Now Known as Spicecorp Pvt. Ltd.) vs Commissioner of Income Tax, Delhi – Depreciation on Soft Drink Bottles, Lease vs Finance Arrangement | Section 32, Income Tax Act
Facts of the CaseThe assessee, M/s Indian Management Advisors & Leasing
Pvt. Ltd., filed its return for Assessment Year 1991-92 and claimed 100%
depreciation on soft drink bottles allegedly leased to M/s Coolade Be...
Commissioner of Income Tax, Delhi vs M/s Vibros Organics Ltd. – Penalty under Section 271(1)(c) for Disallowance of Depreciation Claim – Sections 32, 271(1)(c) & 260A of the Income-tax Act, 1961
Facts of the CaseThe assessee company was engaged in the business of
manufacturing chemicals. For Assessment Year 2001-02, it declared a loss and
claimed depreciation amounting to Rs. 32,83,710 on its plant and machine...
M/s Shiva Gases vs Commissioner of Income Tax (Delhi High Court) – Disallowance of Loss on Sale of Shares to Sister Concerns – Genuine Transaction vs Colourable Device – Assessment Year 1996-97
Facts of the
CaseThe assessee, M/s
Shiva Gases, claimed a loss of Rs. 45,50,000 on the sale of its
investment in shares of M/s Bhagwati Gases Limited. The shares were sold to six
sister concerns whose directors were ...