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Commissioner of Income Tax v. Indian Renewable Energy Development Agency Ltd. (IREDA) – Taxability of Interest Income, Commitment Charges and Exemption under Section 10(23G) of the Income Tax Act | Delhi High Court
Facts of the Case
The Revenue filed appeals under Section 260A of the Income Tax Act
against orders of the Income Tax Appellate Tribunal relating to Assessment
Years 1998-99 to 2002-03.
IREDA was a Govern...
Commissioner of Income Tax vs Indian Renewable Energy Development Agency Ltd. (IREDA): Delhi High Court Remands Issue of Taxability of Interest Income, Commitment Fees and Exemption under Section 10(23G) of the Income-tax Act, 1961
Facts of the Case
Indian Renewable Energy Development Agency Ltd. (IREDA) is a
Government-notified public financial institution engaged in financing
renewable energy projects.
During the relevant assessme...
Commissioner of Income Tax vs Indian Renewable Energy Development Agency Ltd. (IREDA) – Taxability of Interest Income, Service Charges and Miscellaneous Receipts as Business Income vs Income from Other Sources | Section 10(23G), Section 260A Income Tax Act
Facts of the Case
The Revenue filed appeals under Section 260A challenging orders of
the Income Tax Appellate Tribunal relating to Assessment Years 1998-99 to
2002-03.
IREDA was a public financial institu...
Commissioner of Income Tax (TDS) v. Delhi Public School (Delhi High Court) – Free Education to Employees’ Children, Perquisite Valuation under Rule 3(5) of the Income-tax Rules
FACTS
OF THE CASEDelhi Public School provided free
education facilities to the children of its employees. During assessment
proceedings, the Revenue authorities alleged that the value of such educational
benefi...
Delhi Public School v. Commissioner of Income Tax (Delhi High Court) – Free Education to Employees’ Children, Perquisite Valuation under Rule 3(5), TDS Liability under Sections 192, 201(1) & 201(1A) of the Income-tax Act
Facts of the Case
Delhi Public School provided free/concessional education to the
children of its employees.
The school computed the perquisite value by relying upon the
prevailing interpretation of Rule ...
Delhi Public School vs Commissioner of Income Tax (Delhi High Court) – Free Education to Employees’ Children Not Taxable Perquisite | Sections 201(1), 201(1A) & Rule 3(5) of Income-tax Rules, 1962
Facts of the
CaseThe Income Tax Department conducted an educational
survey and observed that Delhi Public School was providing free education to
the children of its teachers and staff members. The Assessing Officer to...
Delhi Public School v. Commissioner of Income Tax (Delhi High Court) – Taxability and Income Tax Exemption Issues Relating to Educational Institution | ITA Nos. 610/2010, 611/2010, 612/2010, 898/2010 & 900/2010
Facts
of the Case·
Delhi
Public School preferred multiple Income Tax Appeals before the Delhi High Court
challenging findings and/or determinations made by the Income ...
Delhi Public School vs Commissioner of Income Tax – Free Education to Employees’ Children, Perquisite Valuation under Rule 3(5) and Employer’s Liability under Sections 201(1) & 201(1A) of the Income-tax Act | Delhi High Court
Facts of the
CaseDelhi Public School provided free or concessional
education to the children of its employees. During assessment proceedings, the
Income Tax Department took the view that such educational benefits cons...
DCM Shriram Industries Ltd. and SVP Industries Ltd. vs Deputy Commissioner of Income Tax – Delhi High Court on Sections 153A & 153C, Search Assessments and Natural Justice
Facts of the CaseThe petitioners, DCM Shriram Industries Ltd. and
SVP Industries Ltd., challenged proceedings initiated against them under
Section 153C of the Income-tax Act, 1961. The challenge was based on the
conte...
DCM Shriram Industries Ltd. & SVP Industries Ltd. vs Deputy Commissioner of Income Tax | Delhi High Court Upholds Validity of Sections 153A & 153C of Income-tax Act Following Saraya Industries Ruling
Facts of the CaseThe petitioners, DCM Shriram Industries Ltd. and SVP
Industries Ltd., challenged the proceedings initiated by the Income Tax
Department under the provisions of Sections 153A and 153C of the Income-tax
...