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Court on Its Own Motion vs Commissioner of Income Tax – Mandatory Compliance of Section 245 of the Income Tax Act for Adjustment of Refunds Against Outstanding Tax Demand and Protection of TDS Credit Rights (Delhi High Court, 2012)
Facts of the Case
The
Revenue Department acknowledged that taxpayers were facing difficulties in
obtaining TDS credit and in receiving refunds because of adjustments
against alleged outstanding tax ar...
Commissioner of Income Tax vs Samsung India Electronics Ltd. | Delhi High Court | Section 260A Income Tax Act – Defective Stock Valuation, Entertainment Expenditure and Business Deduction Issues
Facts of the CaseThe assessee, Samsung India Electronics Ltd., was engaged in
the business of manufacturing and dealing in consumer products including
televisions, cameras, refrigerators, washing machines and related e...
Commissioner of Income Tax v. Samsung India Electronics Ltd. – Entertainment Expenditure, Foreign Exchange Fluctuation Adjustment under Section 43A, Revenue vs Capital Expenditure on Transmission Lines, Defective Stock Valuation, Brand Building & Dealer Loyalty Expenses | Delhi High Court
Facts of the CaseSamsung India Electronics Ltd. was engaged in the business of
manufacturing and trading consumer durable products such as televisions,
cameras, refrigerators, washing machines and video recorders.The R...
Commissioner of Income Tax-II vs M/s Maruti Insurance Distribution Services Ltd. – Scope of Rectification under Section 254(2) of Income Tax Act: ITAT Cannot Review or Rewrite Its Earlier Order
Facts of the CaseThe assessee, M/s Maruti Insurance Distribution Services Ltd.,
was engaged in the business of corporate insurance agency through an extensive
network of Maruti dealers and workshops across India and fu...
Maruti Suzuki India Ltd. & Another vs Additional Commissioner of Income Tax & Another – Reassessment under Sections 147/148 of Income Tax Act on Royalty Expenditure, Change of Opinion and Requirement of Tangible Material
Facts of the CaseMaruti Suzuki India Ltd. was engaged in the business of
manufacture, purchase and sale of automobiles. For Assessment Year 2005–06, the
company filed its return declaring total income and claimed ded...
Director of Income Tax vs. M/s Nokia Networks OY – Offshore Supply, Permanent Establishment (PE), Software Royalty & Taxability under Section 9 of the Income Tax Act | Delhi High Court
Facts of the CaseNokia Networks OY, incorporated in Finland, was engaged in
manufacturing advanced GSM telecommunications systems and equipment.During Assessment Years 1997–98 and 1998–99:
Nokia
maintained a...
Commissioner of Income Tax vs Bharat Heavy Electricals Limited (BHEL) – Deduction for Wage Revision Provision, Tax-Free Bond Interest Exemption, Donation Expenditure under Section 37(1), and Section 80HHB Project Loss Set-off | Delhi High Court
Facts of the CaseBharat Heavy Electricals Limited (BHEL), a public sector
undertaking, claimed deductions relating to provisions created for anticipated
wage revisions based on previous experience, Pay Commission repor...
CIT v. Bharat Heavy Electrical Limited (BHEL) – Allowability of Wage Revision Provision, Tax-Free Bond Interest Exemption, Donation Deduction under Section 37(1), and Project-wise Deduction under Section 80HHB | Delhi High Court
Facts of the CaseBHEL, a public sector undertaking, claimed various deductions
and exemptions under the Income Tax Act for the relevant assessment years.
BHEL
made provisions towards wage revision liabilities ba...
Commissioner of Income Tax (CIT) vs. Bharat Heavy Electricals Limited (BHEL) – Delhi High Court on Deduction under Section 80HHB and Provision for Anticipatory Loss under the Income Tax Act, 1961
Facts of the CaseBHEL, a public sector engineering and manufacturing
enterprise, had claimed deduction benefits under Section 80HHB in relation to
income earned from overseas projects. During assessment proceedings, th...
Commissioner of Income Tax vs Bharat Heavy Electrical Limited (BHEL) – Delhi High Court on Recall of ITAT Order and Scope of Section 254(2) of the Income Tax Act
Facts of the Case
The
Revenue challenged the Tribunal's order which had allowed a provision for
anticipated loss in favour of Bharat Heavy Electrical Limited (BHEL).
The
issue arose from assessment...