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Commissioner of Income Tax (CIT) vs Continental Carbon India Ltd.: Non-Reply to Section 133(6) Notices Cannot Alone Justify Addition Under Section 68 of Income Tax Act
Facts of the CaseContinental Carbon India Ltd., engaged in
manufacturing carbon black used in tyre and rubber products, had furnished
supporting documents relating to sundry creditors before the Assessing Officer.The A...
Commissioner of Income Tax v. Nagesh Knitwears Pvt. Ltd. & Connected Matters | Whether Export Quota Premium is Eligible for Deduction under Sections 28(iiia)-(iiie) and Section 80HHC of Income Tax Act
Facts of the Case
The assessees were engaged in export business involving garments
and knitwear products.
Under quota policies governing export of textiles and garments,
quota permits/certificates were al...
Director of Income Tax vs Aparna Ashram | Section 21AA Wealth Tax Act | Taxability of Registered Societies under Wealth Tax Law
Facts of the CaseThe appeals related to Assessment Years 1988-89 and
1989-90 under the Wealth Tax Act, 1957. The respondent, Aparna Ashram, was a
society registered under the Societies Registration Act, 1860.The Revenu...
Anand Education Society vs Director General of Income Tax (Exemptions), Delhi | Section 10(23C)(vi) of Income Tax Act – Scope of Approval for Educational Institutions | Delhi High Court
Facts of the
CaseThe petitioner, Anand Education Society, was
registered on 04.11.1982 and had been managing and operating a school in Delhi
since 1988. The society was already registered under Section 12A of the Inco...
Basu Distributor Pvt. Ltd. vs Assistant Commissioner of Income Tax | Delhi High Court | Section 40A(3) & Rule 6DD(j) Cash Payment Disallowance Case
Facts of the
CaseBasu Distributor Pvt. Ltd., engaged in the business
of film distribution, made several cash payments exceeding Rs. 10,000 during
Assessment Years 1992-93, 1993-94, and 1994-95 to various parties inclu...
Basu Distributor Pvt. Ltd. vs Assistant Commissioner of Income Tax – Delhi High Court | Section 40A(3) Cash Payment Disallowance under Income Tax Act
Facts of the
CaseThe assessee, Basu Distributor Pvt. Ltd., was
engaged in the business of film distribution. During Assessment Years 1992-93,
1993-94, and 1994-95, the assessee made several cash payments exceeding Rs....
Basu Distributor Pvt. Ltd. vs Assistant Commissioner of Income Tax – Delhi High Court | Section 40A(3) & Rule 6DD(j) Cash Payment Disallowance Case
Facts of the CaseThe appellant, Basu Distributor Pvt. Ltd., was engaged in the
business of film distribution. During Assessment Years 1992-93, 1993-94 and
1994-95, the assessee made several cash payments exceeding Rs.1...
Gem Sanitary Appliances Pvt. Ltd. vs Chief Commissioner of Income Tax Delhi-IV & Others (2012) – Waiver of Interest under Section 234A Due to Seizure of Books During Search Proceedings
Facts of the CaseThe petitioner company was subjected to search and seizure
proceedings under Section 132 on 24/25 August 1993. During the search, books of
accounts and documents relating to the relevant assessment yea...
Gem Sanitary Appliances Pvt. Ltd. vs Chief Commissioner of Income Tax, Delhi-IV & Others | Waiver of Interest under Section 234A due to Seizure of Books During Income Tax Search
Facts of the CaseGem Sanitary Appliances Pvt. Ltd. filed writ petitions
challenging the consolidated order dated 7 April 2008 passed by the Chief
Commissioner of Income Tax, Delhi-IV rejecting the company’s applicati...
Commissioner of Income Tax vs Sunaero Limited | Delhi High Court on Exemption under Section 47(v) of Income Tax Act for Transfer Between Holding and Wholly-Owned Subsidiary Companies
FACTS OF THE CASE
Sunair Hotels Limited had acquired rights to develop a hotel
property from NDMC.
Due to disputes with NDMC, Sunair Hotels Limited sought
substitution of those rights in favour of Sunaero...