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Honda Cars India Limited v. Commissioner of Income Tax & Anr. | WP(C) 3769/2015 | High Court of Delhi | Stay of Recovery Order | Tribunal's Stay Extension and High Court's Relief
Facts of the Case:
The
petitioner, Honda Cars India Limited, filed an appeal (ITA No.
2056/Del/2014) before the Income Tax Appellate Tribunal (ITAT) challenging
the order of the Commissioner of Income...
Commissioner of Income Tax, Delhi – XI vs. Anil Khandelwal | Income Tax Appeal on Seized Documents and Natural Justice Violation | Sections 132(4A), 292C, 69 of Income Tax Act
Facts of the Case:The
Revenue filed an appeal against Anil Khandelwal, challenging the Income Tax
Appellate Tribunal's (ITAT) confirmation of the CIT(A)'s order cancelling the
inclusion of ₹27 lakhs (for AY 2006-07)...
Commissioner of Income Tax-I vs. M/s Cairs Computer Aided Information & Services Pvt. Ltd. (ITA 273/2015) - Depreciation Allowance for Assets Used in Online Lottery Business - Delhi High Court Ruling
Facts of the Case:
In this case, the revenue challenged the decision of the Income Tax Appellate
Tribunal (ITAT), which allowed the assessee’s claim for depreciation for the
assessment year (AY) 2009-10. M/s C...
Toshiba India Pvt. Ltd. vs Commissioner of Income Tax - Transfer Pricing Adjustment for AMP Expenses and Warranty Provision | ITA No. 54/2015, ITA No. 73/2015 | Delhi High Court Judgment (2015)
Facts
of the Case:In this case, the appellant, Toshiba
India Pvt. Ltd., filed appeals against the order passed by the Income Tax
Appellate Tribunal (ITAT) on 15.07.2014 (ITA No. 1053/Del/2014). The matter
pertains to...
Niagara Hotels & Builders (P) Ltd. vs Commissioner of Income Tax: Analysis of Sections 22, 24(a), 56, 143(3) and 260A on Taxability of Telecom Tower Rental Income
Facts of the
CaseThe assessee company, being the owner of the
terrace floor of its property known as Vikram Tower, Rajendra Place, New Delhi,
entered into a Leave and Licence Agreement with M/s Arvind Mills Ltd.
(Tel...
Sony Ericsson Mobile Communications India Pvt. Ltd. vs. Commissioner of Income Tax-III ITA 613/2014 and ITA 82/2015
Facts of the Case:The
case involves two cross appeals — one filed by the assessee (Sony Ericsson
Mobile Communications India Pvt. Ltd.) and the other by the revenue
(Commissioner of Income Tax-III). These appeals co...
Canon India Pvt. Ltd. vs Deputy Commissioner of Income Tax (Delhi High Court) – Transfer Pricing Adjustment on AMP/Distributor Expenses under Section 92CA of the Income Tax Act Case Title (SEO Friendly / Google Optimized) Canon India Pvt. Ltd. vs Deputy Commissioner of Income Tax – Delhi High Court on Transfer Pricing Adjustment for Distributor Expenses | Section 92CA Income Tax Act
Facts of the Case
Canon
India Private Limited, engaged in distribution business, incurred
distributor-related expenses in the course of its operations.
The
Transfer Pricing Officer (TPO) and revenue...
Commissioner of Income Tax vs. Marubeni India Pvt. Ltd. Delhi High Court | ITA No. 94/2015 | Judgment dated 23 April 2015Transfer Pricing – TNMM vs Profit Split Method (PSM) – Agency and Marketing Support Services – Determination of Arm’s Length Price (ALP)
Facts of the CaseMarubeni
India Pvt. Ltd., a wholly owned subsidiary of Marubeni Corporation, was engaged
in providing agency and marketing support services to its group entities and
also independently engaged in trad...
Commissioner of Income Tax-VI vs. Woco Motherson Elastomer Ltd.: Delhi High Court Rejects Revenue’s 'Standard Excuses' for 526-Day Re-Filing Delay
Facts of
the Case
Initial
Actions by Revenue: The Commissioner of Income Tax-VI
preferred statutory tax appeals before the High Court of Delhi against the
assessee, Woco Motherson Elastomer Ltd...
CIT v. Rathi Graphics Technologies Ltd.: Allotment of Shares Towards Interest Outstandings is "Actual Payment" under Section 43B
Facts of the Case
Assessee
Status & BIFR Scheme: The Respondent/Assessee
(Rathi Graphics Technologies Ltd.) was under a rehabilitation scheme
sanctioned by the Board for Industrial and Financial R...