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Commissioner of Income Tax-X vs M/s Aar Bee Industries | Delhi High Court | Jurisdiction under Section 260A after Transfer of Case under Section 127 of Income-tax Act | ITA Nos. 148/2012, 149/2012 & 2/2013
Facts of the
Case
The assessee filed returns of income for the relevant assessment
years before the Income Tax Officer, Jammu.
The assessee claimed deduction under Section 80-IB(4) of the
Income-tax Act....
The Institute of Chartered Accountants of India (ICAI) & Anr. vs. Director General of Income Tax (Exemptions), Delhi & Ors. – Exemption under Section 10(23C)(iv), Charitable Purpose under Section 2(15), Educational Activities and Coaching Classes of ICAI
Facts of the
Case
ICAI had historically been granted exemption under Section
10(23C)(iv) up to Assessment Year 2005–06.
ICAI applied for renewal of exemption for subsequent assessment
years.
The Inco...
The Institute of Chartered Accountants of India (ICAI) & Anr. vs Director General of Income Tax (Exemptions), Delhi & Ors. | Delhi High Court | Exemption under Section 10(23C)(iv) cannot be denied merely because ICAI conducts coaching classes
Facts of the Case• ICAI had historically been granted exemption
under Section 10(23C)(iv) of the Income Tax Act.• ICAI applied for renewal of exemption for
subsequent assessment years.• The Income Tax Department ...
The Institute of Chartered Accountants of India (ICAI) & Anr. vs Director General of Income Tax (Exemptions), Delhi & Ors. – Exemption under Section 10(23C)(iv), Charitable Purpose under Section 2(15), Coaching Activities and Tax Exemption Eligibility
Facts
of the Case
ICAI was constituted under the
Chartered Accountants Act, 1949 as a statutory body for regulating the
profession of Chartered Accountants in India.
ICAI had historically been granted
...
Director of Income Tax vs. M/s McDonald’s Corporation: Validity of Reassessment Under Section 147 Based on "Change of Opinion" When Primary Facts Are Disclosed
acts of the Case
The
Arrangement: The assessee, McDonald’s Corporation (USA),
entered into a Master Licensing Agreement (MLA) on January 1, 1996, with
McDonald’s India Private Limited (MIPL). Unde...
Convergys Customer Management vs. Assistant Director of Income Tax: Prima Facie Belief of Business Connection & Permanent Establishment Under Section 147/148
Facts of the Case
The
Parties: The petitioner, Convergys Customer
Management, is a company incorporated in the USA engaged in providing
worldwide business process outsourcing (BPO) services. It operat...
The Commissioner of Income Tax-V vs. Orient Craft Ltd.: Validity of Reassessment Under Section 147 Post Section 143(1) Intimation Absent Tangible Material
Facts of the Case
Assessee
Profile & Return Filing: The assessee, a 100%
export-oriented company, filed its return of income for the Assessment
Year (AY) 2002-03 on October 31, 2002, declaring a t...
The Institute of Chartered Accountants of India (ICAI) & Anr. vs Director General of Income Tax (Exemptions), Delhi & Ors. – Exemption under Section 10(23C)(iv), Charitable Purpose under Section 2(15), Coaching Activities and Tax Exemption Eligibility
Facts
of the Case
ICAI was constituted under the
Chartered Accountants Act, 1949 as a statutory body for regulating the
profession of Chartered Accountants in India.
ICAI had historically been granted
...
Commissioner of Income Tax vs. Maruti Suzuki India Ltd. (2012:DHC:7465-DB) Alternative Title for SEO: Commissioner of Income Tax vs. Maruti Suzuki India Ltd. | Allowability of Excise PLA Deposits under Section 43B of Income Tax Act
Facts of the Case
Assessee
Profile: The respondent/assessee, Maruti Suzuki India
Ltd., is a prominent automobile manufacturer.
Regulatory
Requirement: To clear manufactured vehicles and goods
...
Meinhardt Singapore Pte Ltd. vs. Assistant Director of Income Tax, Circle 3(1), International Taxation, New Delhi – Reassessment Proceedings under Section 44D and 115A of the Income Tax Act
Facts of the
Case:
The petitioner operated through a branch in India providing
consultancy services for NHAI road projects.
A sub-consultancy agreement was entered with M/s Quest
International Cons...