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Commissioner of Income Tax vs Gulshan Kumar, Chander Bhan & Krishan Kumar | Delhi High Court Upholds Deduction under Sections 80HH and 80-I of Income Tax Act
Issues
Involved
Whether the deduction claimed by the Namoli Unit of the assessees
under Section 80HH of the Income Tax Act, 1961 was correctly granted?
Whether the deduction under Section 80-I of the Income Ta...
Commissioner of Income Tax-XII vs. Subodh Gupta – Delhi High Court Upholds 8% Net Profit Estimation Despite Section 40A(3) Disallowance and Missing Books of Accounts under Rule 6DD(g)
Facts of the
Case
The assessee filed return of income for Assessment Year 2009–10
declaring income of Rs.35,21,970.
During scrutiny assessment, the Assessing Officer disallowed
expenditure amounting to...
Sarita Aggarwal Vs. The Income Tax Officer: Validity of Foreign Gifts and Onus of Proof Under Section 68 of the Income Tax Act
Facts of the Case
Assessment
Year & Filed Return: The appeal under Section
260A of the Income Tax Act, 1961, preferred by the assessee (Sarita
Aggarwal), pertains to the assessment year 1994-95. T...
Commissioner of Income Tax-III vs. Shri Shyam Sunder Infrastructure (P) Ltd. (2015:DHC:1118-DB) – Challenge to Assessing Officer’s Jurisdiction Under Section 124(3) of the Income Tax Act, 1961
Facts of the Case
Original
Filing & Name Changes: The original assessee,
incorporated on February 27, 2003, under the name "Shalom Exim Pvt.
Ltd.", filed its original income tax returns on May 30,...
Dwarkadhis Projects (P) Ltd. & Others vs. Commissioner of Income Tax-IV: Opportunity of Hearing and Communication of Reasons Essential for Case Transfer under Section 127
1. Facts of the Case
The
Impugned Order: The Commissioner of Income Tax (Delhi-IV)
passed a common consolidation order dated July 9, 2014, under Section 127
of the Income-tax Act, 1961.
The
T...
Commissioner of Income Tax vs. M/S Kuber Mutual Benefit Ltd.: Are One-Time Processing Charges Taxable as Interest under Section 2(7) of the Interest Tax Act, 1974?
Facts of the Case
The
assessee, M/S Kuber Mutual Benefit Ltd., operated as a mutual benefit fund
company conducting financial business, which involved accepting deposits
and lending money to its membe...
Commissioner of Income Tax-I vs. M/s Aar Ess Exim Pvt. Ltd.: Eligibility of Outsourced Manufacturing and Assembly Operations Under Section 10B of the Income Tax Act, 1961
Facts of the Case
Assessee's
Profile: The respondent-assessee is a multifaceted
project engineering company employing highly qualified engineers and
technocrats. It operates a 100% Export-Oriented Uni...
Section 263 Revisionary Powers Cannot Substitute AO’s Plausible View: Delhi HC in CIT vs. M/S. Garg Cheap Cut Piece House
Facts of the Case
Business
and Survey: The Respondent (Assessee) is a partnership
firm engaged in the business of textiles and garments sale. A survey under
Section 133A of the Income Tax Act, 1961 wa...
Commissioner of Income Tax Delhi-XVI vs. Ram Gopal: Scope of "Capital Asset" under Section 2(14) and Deductibility of Improvement Expenses under Section 54
Facts of the Case
The
assessee reported the sale of two capital assets during the Assessment
Year (AY) 2009-10: a half share in a residential property at Marine Drive,
Mumbai, and a half share in a pr...
Deemed Dividend and Limitation Bars Under Sections 2(22)(e) and 201: Commissioner of Income Tax (TDS)-I vs. C.J. International Hotels Pvt.
Facts of the CaseThe corporate assessee, M/s C.J. International Hotels Pvt.
Ltd., advanced certain loan amounts to an individual, Ms. Harjit Kaur. Ms.
Harjit Kaur was a shareholder in another corporate entity, M/s Pure...