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Penalty for Concealment: Assessing Inaccurate Particulars vs. Legal Contentions – Kanchenjunga Advertising P. Ltd. vs. CIT (U/S 271(1)(c))
Facts of the CaseThe appellant, Kanchenjunga Advertising P. Ltd., a domestic
company, filed its return for the assessment year 2000-01. During scrutiny, the
Assessing Officer (AO) identified a claim of Rs. 2,38,32,392/...
Analyzing Section 13(1)(c) Compliance and the Tax Treatment of Tied Project Grants: A Comprehensive Review of Director of Income Tax vs. Society for Development Alternatives
Facts of the CaseThe Respondent, a society registered under Section 12A and 80G
of the Income Tax Act, 1961, is engaged in research and development for rural
welfare and environmental regeneration. The Revenue (Appella...
Commissioner of Income Tax vs. Software Consultants: Assessing Jurisdiction under Section 263 and the Scope of Section 147
Facts of the CaseThe assessee, a private company, failed to file an income tax
return for the Assessment Year (AY) 1993-94. A subsequent search conducted by
the Central Bureau of Investigation at the premises of a dire...
Rajat Export Import India Pvt. Ltd. vs. Income Tax Officer: Validity of Reopening Assessment Based on Accommodation Entry Reports
Facts of the CaseThe petitioner, a private limited company, filed its return
for the assessment year 2004-05, which was processed under Section 143(1) of
the Income Tax Act. Subsequently, the Income Tax Officer (Respon...
T & T Motors Ltd. vs. Assistant Commissioner of Income Tax: Judicial Interpretation of 'Sales Promotion' vs. 'Selling Expenses' under Section 115WB(2)(D) of the Income Tax Act, 1961
Facts of the CaseThe appellant, T & T Motors Ltd., is an automobile dealer.
During the assessment year 2006-07, the company provided various car
accessories to customers "free of cost" (FOC) at the time of car
boo...
Alpine Electronics Asia Pte Ltd. vs. Director General of Income Tax: Mandatory Compliance with Section 143(2) Notice in Reassessment Proceedings
Facts of the CaseThe petitioner, a Singapore-based company, operated a liaison
office in India. Upon deciding to close this office in 2008, the petitioner
applied for a "no objection certificate" (NOC) from the Income ...
Distinguishing Trade Discounts from Commission Payments: An In-Depth Analysis of Section 194H in the Case of CIT vs. Mother Dairy India Ltd.
Facts of the Case
The
Revenue initiated a survey under Section 133A of the Income Tax Act at the
business premises of the respondent, Mother Dairy India Ltd.
The
respondent operated a distribution ...
CIT vs. Indian Sugar & General Industry Export Import Corp. Ltd.: Validating Closing Stock Valuation and Depreciation Claims under Section 32 of the Income Tax Act
Facts of the CaseThe respondent-assessee, a company engaged in the export of
sugar, changed its method of valuing closing stock from "cost" to
"cost or net realizable value (NRV), whichever is lower". The
Assessing Of...
Anand Education Society vs Director General of Income Tax (Exemptions), Delhi | Section 10(23C)(vi) Registration for Educational Institutions – Delhi High Court
Facts of the Case
Anand Education Society was registered on 04.11.1982 and had been
running a school in Delhi since 1988.
The society was already granted registration under Section 12A of
the Income Tax A...
Commissioner of Income Tax vs Virendra Bhatnagar Sansthan | Delhi High Court on Exemption under Sections 11 & 13 of the Income Tax Act
Facts of the Case
The Revenue preferred appeals before the Delhi High Court against
the order of the Income Tax Appellate Tribunal dated 22 February 2008.
The dispute related to Assessment Years 2001-02 and 200...