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Commissioner of Income Tax Delhi-II vs Khoobsurat Resorts Pvt. Ltd. – Addition on Stamp Duty Valuation Difference and Unexplained Cash Credit under Sections 50C, 68 & 143(3) of Income Tax Act | Delhi High Court
Facts of the
CaseThe assessee company filed its return of income for
Assessment Year 2007–08 declaring NIL income after adjustment of unabsorbed
depreciation. During scrutiny assessment under Section 143(3), the Ass...
Consulting Engineering Services (India) Pvt. Ltd. vs Deputy Commissioner of Income Tax – Writ Petition under Sections 143(3) & 154 of Income Tax Act, 1961
Facts of the
CaseThe petitioner, Consulting Engineering Services
(India) Pvt. Ltd., challenged recovery proceedings initiated by the
Assessing Officer (AO) based on scrutiny assessments for the financial years
2008-0...
M/S Halcrow Consulting India Pvt Ltd vs Income Tax Officer (TDS) And Anr | Delhi High Court | Sections 194J, 221, 220(6) – Tax Deduction Dispute
Facts of the
CaseThe petitioner, M/S Halcrow Consulting India Pvt
Ltd, challenged a notice issued by the Assessing Officer (AO) under Section
221(1) of the Income Tax Act. The company sought protection against
coerci...
Commissioner of Income Tax vs. U.K. Bose & J.B. Roy – Perquisites Assessment, Interest Deduction & Section 17, 28, 10(13A), 57(iii) of Income Tax Act
Facts of the Case The Delhi High Court addressed appeals from the
Revenue challenging decisions of the Income Tax Appellate Tribunal (ITAT)
concerning the assessment of perquisites, rent exemptions, and inter...
Rural Electrification Corporation Ltd. vs. Commissioner of Income Tax (LTU) & Anr – Reopening of Assessment and Limitation under Sections 148, 149, 150 & 153 of the Income Tax Act, 1961
Facts of the Case
The
petitioner, Rural Electrification Corporation Ltd. (REC), is a public
financial institution engaged in providing finance for rural
electrification.
Notices
under Section ...
Sharp Business System vs Commissioner of Income Tax-III | Delhi High Court – Non-Compete Fee Paid for 7 Years Held as Capital Expenditure and Depreciation Denied under Sections 37(1) & 32 of Income Tax Act
Facts of the
CaseThe assessee, Sharp Business System, was
incorporated as a joint venture between Sharp Corporation, Japan and L&T
Ltd. The company was engaged in importing, marketing, and selling electronic
offi...
Super Cassettes Industries Ltd vs Dy. Commissioner of Income Tax – Delhi High Court, 2012 (Section-wise Income Tax Matters)
Facts of the
CaseThe petitioner, Super Cassettes Industries Ltd,
challenged the order of the Deputy Commissioner of Income Tax regarding
tax assessment. The petitioner approached the Delhi High Court seeking rel...
M/s GAIL India Limited vs Joint Commissioner of Income Tax | Deductibility of Upfront Lease Premium on Long-Term Land Lease under Sections 30 & 37 of the Income Tax Act, 1961 – Delhi High Court
Facts of the
CaseM/s GAIL India Limited, engaged in manufacturing
hydrocarbons and distribution of natural gas, entered into multiple lease
arrangements with municipal and statutory authorities for land required for i...
M/s GAIL India Limited vs Joint Commissioner of Income Tax | Delhi High Court | Whether Upfront Lease Premium Paid for Long-Term Lease of Land is Revenue Expenditure or Capital Expenditure under Sections 30 & 37 of the Income Tax Act, 1961
Facts of the
Case
The assessee, M/s GAIL India Limited, engaged in manufacturing
hydrocarbons and distribution of natural gas, entered into long-term lease
arrangements with local municipalities for land.
...
The Commissioner of Income Tax-XIII vs Sh. Kanwaljit Singh – Delhi High Court, Section 28(va) & Section 17(1), Non-Compete Agreement Income Classification
Facts of the
CaseSh. Kanwaljit Singh served as the General Sales
Agent for Uzbekistan Airways (Uzind Corporation), receiving a fixed salary of
₹1,32,000 per annum. In addition, a Non-Compete Agreement (NCA) da...