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Commissioner of Income Tax vs. Shri Vishwa Vigyan Telugu Linguistic Minority Educational Society | Section 68 & Section 2(24)(iia) of Income Tax Act – Corpus Donation Addition and Applicability of Unexplained Cash Credit Provisions
Facts of the
CaseThe assessee, Shri Vishwa Vigyan Telugu Linguistic
Minority Educational Society, claimed to be a charitable society and filed its
return of income for Assessment Year 2003-04 declaring nil income. Dur...
Commissioner of Income Tax vs. Superior Crafts | Delhi High Court | Section 260A, Section 142(2A), Section 40A(2)(b), Section 145 & Section 37 of Income Tax Act – Valuation of Closing Stock, Rejection of Books of Accounts, Related Party Transactions and Business Expenditure
Facts of the
CaseThe assessee, Superior Crafts, was a partnership
firm engaged in export business. During Assessment Year 2002-03, the Assessing
Officer directed a special audit under Section 142(2A) of the Income Tax...
Commissioner of Income Tax vs M/s Asahi India Safety Glass Ltd. – Revenue vs Revenue Expenditure on Software and Professional Expenses (Assessment Years 1997-98 & 1998-99, Sections 28 & 37 of IT Act)
Facts of the Case:
The
assessee, M/s Asahi India Safety Glass Ltd., engaged in
manufacturing automobile safety glass, implemented software (Oracle
applications) via Arthur Andersen & Associates du...
Eastman Industries Limited vs Commissioner of Income Tax | Delhi High Court on Section 80HHC Deduction on DEPB Credit | Reliance on Topman Exports Case
Facts of the
CaseEastman Industries Limited, engaged in the business
of export of cycle parts and light engineering goods, filed its return for
Assessment Year 2003-04 declaring income after claiming deduction under S...
Commissioner of Income Tax Vs M/s Amway India Enterprises Pvt. Ltd. – Capital vs Revenue Expenditure on Leasehold Improvements (ITA 629/2011, Delhi High Court)
Facts of the CaseThe appeal concerns the assessment year 2005-2006,
where the appellant, Commissioner of Income Tax, challenged the
treatment of expenses incurred by M/s Amway India Enterprises Pvt. Ltd.
on the improv...
Northern Exim (P) Ltd. vs Deputy Commissioner of Income Tax & Another | Reopening of Assessment after VDIS Declaration under Sections 147/148 of Income Tax Act Held Invalid by Delhi High Court
Facts of the CaseThe petitioner, Northern Exim (P) Ltd., filed a
declaration under the Voluntary Disclosure of Income Scheme, 1997 for
Assessment Years 1989-90 to 1997-98. For Assessment Year 1997-98, the
petitioner d...
Commissioner of Income Tax Vs M/s Amway India Enterprises – Capital Expenditure on Software and Leasehold Premises Assessment (AY 2003-04) – Delhi High Court
Facts of the Case
The
appeal pertains to the assessment year 2003-2004.
The
appellant, Commissioner of Income Tax, challenged the decision of
the Income Tax Appellate Tribunal regarding:
...
Commissioner of Income Tax vs M/s Asahi India Safety Glass Ltd.: Revenue vs Capital Expenditure on Software and Professional Fees (Assessment Years 1997-98 & 1998-99) – Delhi High Court
Facts of the CaseThe assessee, M/s Asahi India Safety Glass Ltd., a
manufacturer of automobile safety glass, incurred significant expenses on
installing and upgrading Oracle-based application software through Arthur
A...
CIT vs Ansal Properties & Infrastructure Ltd. – Delhi High Court Clarifies Applicability of Section 50 on Sale of Depreciable Assets Forming Part of Block of Assets | AY 1989-90 & 1990-91
Facts of the
CaseThe Revenue preferred appeals before the Delhi High
Court against the orders passed in favour of Ansal Properties &
Infrastructure Ltd. for Assessment Years 1989-90 and 1990-91.For AY 1989-90, the...
Commissioner of Income Tax vs Havells India Ltd. | Delhi High Court | Section 9(1)(vii), Section 40(a)(ia), Section 195 & Section 260A of the Income Tax Act, 1961 | Foreign Technical Testing Fees, Pre-Operative Expenses & Debenture Issue Expenses
Facts of the
CaseHavells India Ltd., engaged in manufacturing
electrical products including switch gears, cables, wires, fans, and lighting
products, made payment of ₹14,71,095 to M/s CSA International, Chicago, USA...