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Commissioner of Income Tax-V v. Pepsico India Holding Pvt. Ltd. (2011) – Delhi High Court on Section 35D Amortization, Excess Sugar Consumption Addition, Depreciation & MODVAT Credit
Facts of the Case
The assessee, Pepsico India Holding Pvt. Ltd., claimed deduction of
₹8,02,000 being one-tenth of preliminary expenses amortized under Section
35D of the Income-tax Act.
The Assessing O...
Commissioner of Income Tax vs. M/s Nagesh Investment Pvt. Ltd. & Others | Genuineness of Long-Term Capital Gains (LTCG) on Share Sale and Claim of Section 54F Exemption vs. Unexplained Cash Credits Under Section 68 of the Income-Tax Act, 1961
Facts of the Case
The
assessees filed their Income-Tax Returns declaring Long-Term Capital Gains
(LTCG) arising from the sale of certain shares (pertaining to companies
like M/s Nagesh Investment Pvt....
Commissioner of Income Tax, Delhi-IV vs. M/S Hydrocarbons India Ltd. Scope of Income Tax Appellate Tribunal (ITAT) Powers to Admit Additional Grounds of Law under Section 254 of the Income Tax Act, 1961
1. Facts of the Case
Assessee
Profile: The respondent-assessee, M/S Hydrocarbons
India Ltd., was a wholly owned subsidiary of the Oil and Natural Gas
Commission of India (ONGC). It was incorporated to...
Commissioner of Income Tax vs Vibhu Talwar & Shravan Talwar | Non-Compete Fees Allocation under Section 55 of the Income Tax Act, 1961
Facts of the
CaseThe appeals pertain to ITA Nos. 892/2010 &
935/2010 before the High Court of Delhi, challenging the Income Tax Appellate
Tribunal’s order dated 6th March 2009. The assessees, Vibhu Talwar and Sh...
Commissioner of Income Tax vs Vibhu Talwar & Shravan Talwar – Non-Compete Fees Allocation Dispute under Income Tax Act, Section 55 & 271(1)(c)
Facts of the
CaseThe appeals arise from the common order dated 6th
March 2009 of the Income Tax Appellate Tribunal concerning the assessment of
non-compete fees received by the assessees, Vibhu Talwar and Shravan Talw...
SKK Trading Pvt. Ltd. vs. Income Tax Department – Delhi High Court, Section 143(3) & 263 ITA 223/2008
Facts of the
CaseThe petitioner, SKK Trading Pvt. Ltd.,
challenged the reassessment order issued by the Income Tax Department under
Section 263 of the Income Tax Act. The reassessment arose from alleged
discrepancies...
SKK vs ITA – Delhi High Court: Tax Assessment Dispute under Income Tax Act, Section 143(3) & 147
Facts of the
CaseThe petitioner, SKK, challenged reassessment
proceedings initiated by the Income Tax Department under Section 147 of the
Income Tax Act. The Department sought to reassess the petitioner’s income for...
SKK Builders Pvt. Ltd. vs Income Tax Officer – Delhi High Court Case on Section 80IB Deduction under Income Tax Act, 1961
Facts of the
Case:The petitioner, SKK Builders Pvt. Ltd.,
challenged the order passed by the Income Tax Officer regarding the
disallowance of deduction claimed under Section 80IB of the Income Tax Act,
1961. The peti...
M/s Provident Investment & Industries (I) Pvt. Ltd. vs Income Tax Officer & Others | Delhi High Court, 2011 | Section 142(2A) IT Act
Facts of the
CaseThe petitioner challenged the order dated 28th
December 2010 passed under Section 142(2A) of the Income Tax Act, appointing a
Special Auditor for the assessment year 2008-09. The writ petition was fil...
Commissioner of Income Tax vs. Le Passage to India Tour & Travels Pvt. Ltd. – Deduction under Section 80 HHD of the Income Tax Act
Facts of the
CaseThe assessee, Le Passage to India Tour &
Travels Pvt. Ltd., is engaged in arranging tours for foreign tourists
visiting India. Besides providing transport, boarding, lodging, sightseeing,
and gui...