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Director of Income Tax (Exemptions) v. Maharaja Agarsen Technical Education Society (2010) – Advance Paid for Purchase of Land Held as Application of Income for Charitable Purposes under Section 11 of the Income-tax Act, 1961
Facts of the CaseThe respondent-assessee, Maharaja Agarsen Technical
Education Society, was a society registered under the Societies Registration
Act, 1860 and also enjoyed registration under Section 12A of the Income-...
Commissioner of Income Tax v. Denso India Pvt. Ltd. | Technical Know-How Fees for Product Modification Held Revenue Expenditure u/s 37, Not Capital Asset Eligible for Depreciation u/s 32 | Delhi High Court
Facts of the Case
Denso
India Pvt. Ltd. was engaged in the manufacture and sale of automotive
electrical products such as starters, alternators, wiper motors, CDI units
and magnetos.
The
asses...
Extension of timeline for implementation of mandatory "Ship To GSTIN" and Voluntary Closure of E-Way
Extension of timeline for implementation of mandatory "Ship To GSTIN" and Voluntary Closure of E-Way Bill functionalitiesJun 9th, 2026Reference is invited to the GSTN Advisory dated 20.05.2026, wherein it was informed th...
Commissioner of Income Tax-III vs Sumi Motherson Innovative Engineering Ltd. | MAT u/s 115JB – Deduction of Brought Forward Losses Despite Capital Reduction | Delhi High Court
Facts of the Case
The
assessee company was engaged in manufacturing and sale of injection
moulded plastic parts, stamping parts, moulds and job work.
For
Assessment Year 2002-03, the assessee filed ...
Commissioner of Income Tax v. Bharat Seats Ltd. [2010] 2010:DHC:9626-DB (Delhi High Court) – Expenditure on Technical Know-How for Improvement of Existing Products Held Revenue Expenditure Allowable under Section 37(1) of the Income-tax Act
Facts of the CaseThe respondent-assessee, Bharat Seats Ltd., was
engaged in the business of manufacturing and selling automobile electrical
products such as starters, alternators, wiper motors, CDI units, and magnetos
...
Commissioner of Income Tax v. Bharat Seats Ltd. [2010] 2010:DHC:9696-DB (Delhi High Court) – Technical Know-How Fees for Product Improvement Held Revenue Expenditure and Not Capital Expenditure Eligible for Depreciation under Section 32 of the Income Tax Act
Facts of the Case
Bharat
Seats Ltd. was engaged in the manufacture and sale of automobile
electrical products including starters, alternators, wiper motors, CDI
units and magnetos.
The
assesse...
Commissioner of Income Tax v. Assessee (ITA No. 968/2008) – Delhi High Court Dismisses Revenue Appeal Following Earlier Decision in Assessee's Own Case | AY 1990-91
Facts of the Case
The
Income Tax Appellate Tribunal passed an order in favour of the assessee.
While
deciding the matter, the Tribunal relied upon a previous judgment of the
Delhi High Court rendere...
Commissioner of Income Tax vs. PNB Finance & Industries Ltd. (2010) – Profit on Sale of Long-Held Shares Assessable as Long-Term Capital Gains and Not Business Income | Delhi High Court
Facts of the Case
The
assessee, PNB Finance & Industries Ltd., filed its return of income
for Assessment Year 2003-04.
The
assessee declared long-term capital gains and claimed set-off of
...
Commissioner of Income Tax vs. PNB Finance & Industries Ltd. (2010) – Profit on Sale of Long-Held Shares Assessable as Long-Term Capital Gains and Not Business Income | Delhi High Court
Facts of the Case
The
assessee, PNB Finance & Industries Ltd., filed its return of income
for Assessment Year 2003-04.
The
assessee declared long-term capital gains and claimed set-off of
...
Sarthak Securities Co. Pvt. Ltd. v. Income Tax Officer, Ward 7(3) | Delhi High Court | Reassessment under Sections 147 & 148 Quashed for Lack of Independent Application of Mind (2010:DHC:5099-DB)
Facts of the CaseThe petitioner, Sarthak Securities Co. Pvt. Ltd.,
filed its return of income for Assessment Year 2003-04 declaring income of Rs.
15,360. The return was processed under Section 143(1) of the Income Tax ...