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Director of Income Tax vs. India Habitat Centre | Exemption under Section 11 Cannot Be Denied Merely Due to Self-Financing Model or Alleged Benefit to Institutional Members | Delhi High Court
Facts of the Case
India Habitat Centre was established in 1989 under the sponsorship
of the Ministry of Urban Development, Government of India.
Land situated at Lodhi Road, New Delhi, was allotted for developin...
Director of Income Tax vs India Habitat Centre | Delhi High Court Upholds Section 11 Exemption and Restricts Revision under Section 263 of Income Tax Act
Facts of the CaseIndia Habitat Centre was established in 1989 under
the sponsorship of the Government of India, Ministry of Urban Development, with
the objective of creating a common habitat and infrastructure fo...
Director of Income Tax vs. India Habitat Centre (Delhi High Court) – Exemption under Sections 11, 13(1)(c), 13(3), 2(15) and Scope of Revision under Section 263 of the Income-tax Act, 1961
Facts of the Case
India Habitat Centre was established in 1989 under the sponsorship
of the Government of India, Ministry of Urban Development.
The institution was created to provide an integrated habitat
...
[Petitioner Name] vs Assistant Commissioner of Income Tax & Anr.Challenge to Reassessment Notice During Pendency of Assessment Proceedings – Delhi High Court Dismisses Writ Petition | W.P.(C) No. 7536/2011
Facts
of the CaseThe petitioner filed a writ
petition before the Delhi High Court challenging a notice dated 19 September
2011 issued by the Assessing Officer. The impugned notice recorded the prima
facie opinion of ...
CIT v. Super Cassettes Industries Ltd. (2011) – Expenditure on Replacement of Moulds is Revenue Expenditure | Sections 37(1) & 260A Income Tax Act
Facts of the CaseSuper Cassettes Industries Ltd. was engaged in
manufacturing plastic components used in the assembly of audio cassettes and
packing of CDs. The company operated more than one hundred injection moulding...
Commissioner of Income Tax vs Super Cassettes Industries Ltd. [2011] 2011:DHC:12010-DB (Delhi High Court) – Replacement of Moulds Held Revenue Expenditure, Not Capital Expenditure Under Income Tax Act
Facts of the CaseSuper Cassettes Industries Ltd. was engaged in
manufacturing plastic components used for assembling audio cassettes and
packing CDs. The company operated more than 100 injection moulding machines in
i...
Commissioner of Income Tax vs Super Cassettes Industries Ltd. [2011] 2011:DHC:12010-DB (Delhi High Court) – Replacement of Moulds Held Revenue Expenditure, Not Capital Expenditure Under Income Tax Act
Facts of the CaseSuper Cassettes Industries Ltd. was engaged in
manufacturing plastic components used for assembling audio cassettes and
packing CDs. The company operated more than 100 injection moulding machines in
i...
Commissioner of Income Tax, Delhi-V vs Nectar Life Science Ltd. | Section 80HHC Deduction on Interest Earned from FDRs Kept as Security for Export Credit Facilities – Delhi High Court
FACTS OF THE CASE
The assessee was engaged in the business of manufacturing and
exporting bulk drugs.
For Assessment Year 2003-04, it claimed deduction under Section
80HHC.
The assessee had placed FDRs ...
Commissioner of Income Tax vs Indian Renewable Energy Development Agency Ltd. (IREDA) | Taxability of Interest Income, Commitment Fees and Miscellaneous Receipts as Business Income vs Income from Other Sources | Section 10(23G), Section 260A Income Tax Act
Facts of the CaseIndian Renewable Energy Development Agency Ltd. (IREDA) is a
Government-notified public financial institution engaged in financing renewable
energy projects.For Assessment Years 1998-99 to 2002-03, the...
Commissioner of Income Tax vs Indian Renewable Energy Development Agency Ltd. (IREDA) – Taxability of Interest Income, Commitment Charges and Exemption under Section 10(23G) of the Income-tax Act
Facts of the CaseThe Revenue filed appeals under Section 260A of the
Income-tax Act challenging orders passed by the Income Tax Appellate Tribunal
for Assessment Years 1998-99 to 2002-03.The assessee, Indian Renewable ...