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Commissioner of Income Tax vs. Interra Software India Pvt. Ltd. | Deductibility under Section 10A vs. Section 80HHE and Eligibility of Onsite Japan Branch Profits for Software Export Exemption under the Income Tax Act
Facts of the Case
The
Assessee, M/s Interra Software India Pvt. Ltd., is a 100% Export-Oriented
Unit (EOU) engaged in the business of development and export of computer
software through its designated...
Assessee vs. Income Tax Officer: Delhi High Court Decision on Disallowance of Installation Expenses, Bad Debts & Penalty under Section 271(1)(c) of Income Tax Act, 1961– ITA Nos. 1983/2010 & 1921/2010
Facts of the CaseThe assessee, in its Income Tax Returns for the Assessment
Year 2001-02, claimed deductions for certain installation expenses and bad
debts by debiting them to the Profit & Loss Account. The Assess...
Commissioner of Income Tax vs. ECE Industries Limited: Taxability of Capital Gains on the Composite Transfer of a Business Division—Applicability of Section 50 vs. Section 45 and Section 48 regarding Slump Sale of an Undertaking as a Going Concern
Facts of the Case
Assessee's
Return: For the Assessment Years 1999-2000 and
2000-01, the respondent-assessee (ECE Industries Limited) filed its return
of income.
The
Transaction: During the r...
M/s J.K. Synthetics Ltd. vs Commissioner of Income Tax (Delhi High Court) – Deductibility of Guest House Expenses, Abandoned Project Expenditure, Foreign Travel Expenses, Retainership Fees and Interest Liability under the Income-tax Act, 1961
Facts of the Case
The assessee, M/s J.K. Synthetics Ltd., claimed various deductions
and allowances while computing its taxable income for Assessment Year
1984-85.
The Income Tax Appellate Tribunal (ITAT)...
Dy. Commissioner of Income Tax vs M/s. Insilco Ltd. – Deduction of Bad Debts under Sections 36(1)(vii) & 36(2) of the Income Tax Act, 1961
Facts of the CaseThe appeal was filed by the Revenue under Section 260A
of the Income Tax Act, 1961, against the Tribunal’s order regarding the assessment
year 2004-05. The assessee, M/s. Insilco Ltd., claimed bad de...
Halcrow Consulting India Pvt Ltd vs Commissioner of Income Tax-IV & Ors | Refund Application Delay – Delhi High Court
Facts of the CaseThe petitioner, Halcrow Consulting India Pvt Ltd, filed
applications for a refund from the Income Tax authorities. Despite submitting
their representation, the petitioner’s requests had not been addr...
Commissioner of Income Tax v. M/s J.K. Synthetics Ltd. | Delhi High Court | Revenue vs Assessee on Revenue vs Capital Expenditure, Interest on Borrowed Funds for Share Investments, Cops Deposit Write-Back & Business Expenditure under Sections 36(1)(iii) and 37 of the Income-tax Ac
Facs of the Case
The assessee, M/s J.K. Synthetics Ltd., was engaged in the business
of manufacturing and dealing in yarn.
During Assessment Year 1984-85, the assessee claimed deductions
relating to:
...
Commissioner of Income Tax vs. ECE Industries Limited: Whether Section 50 Special Provisions Apply to the Slump Sale of an Entire Business Division as a Going Concern or if it Constitutes Long-Term Capital Gain Under Sections 45 and 48 of the Income Tax Act
Facts of the Case
The
respondent-assessee, ECE Industries Limited, filed its income tax return
declaring a loss.
During
the assessment proceedings for Assessment Year 1999-2000, the Assessing...
Commissioner of Income Tax vs National Agricultural Co-operative Marketing Federation of India Ltd: Delhi HC on Disallowance of PSS Indirect Expenses & Section 80P(2)(d) Deduction
Facts of the CaseThe appeals arise under Section 260A of the Income Tax Act,
1961 challenging orders of the Income Tax Appellate Tribunal (ITAT)
regarding:
Deletion
of additions made by the Assessing Officer (A...
M/s J.K. Synthetics Ltd. vs Commissioner of Income Tax (Delhi High Court) – Interest on Debentures, Revenue vs Capital Expenditure, Higher Depreciation and Business Set-Up Date
Facts of the
CaseThe dispute pertained to
Assessment Year 1983-84. The Revenue sought adjudication of six questions of
law arising from the order of the Income Tax Appellate Tribunal (ITAT).The issues included:1. ...