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Nartel Networks India International Inc. vs Deputy Director of Income Tax, Circle 2(1), New Delhi – Delhi High Court Grants Continuation of Stay Beyond 365 Days Till Disposal of Appeal | Article 226 | Income Tax Stay Extension Case Law
Facts of the
CaseThe Petitioner had filed an appeal before the
Income Tax Appellate Tribunal (ITAT) against the assessment order dated
07.01.2014. During the pendency of the appeal, the Tribunal granted an
unconditio...
Commissioner of Income Tax-V vs. Rathi Graphics Technologies Ltd.: Extinguishment of Interest Liability via Debt-to-Equity Swap Qualifies as "Actual Payment" Under Section 43B
Facts of the Case
Rehabilitation
Scheme: The Respondent/Assessee was a company under
a rehabilitation scheme sanctioned by the Board for Industrial and
Financial Reconstruction (BIFR) on November 1, 2...
COMMISSIONER OF INCOME TAX-II vs. M/S DELHI TRANSCO LTD. Whether Wheeling Charges Paid for Electricity Transmission Constitute "Fees for Technical Services" Under Section 194J vs. Work Contract Under Section 194C of the Income Tax Act, 1961 — Delhi High Court ruling in ITA 384/2012.
Facts of the Case
The
Agreement: The Respondent, M/s Delhi Transco Ltd.
(DTL), entered into a Bulk Power Transmission Agreement (BPTA) with the
Power Grid Corporation India Ltd. (PGCIL) to receive ene...
Canon India Private Limited vs Deputy Commissioner of Income Tax Circle-5(2), New Delhi | Delhi High Court on Extension of Stay Beyond 365 Days in Tax Appeal
Facts of the
CaseThe petitioner, Canon India Private Limited, had
filed an appeal before the Income Tax Appellate Tribunal (ITAT) against the
assessment order passed by the Income Tax Department for Assessment Y...
Commissioner of Income Tax-5 vs JCDecaux Advertising India Pvt. Ltd. – Allowability of Business Expenditure after Setting Up of Business under Sections 3 and 4 of the Income-tax Act, 1961 | Delhi High Court
Facts of the CaseThe
assessee, JCDecaux Advertising India Pvt. Ltd., was incorporated in
April 2005 for carrying on the business of out-of-home advertising, including
street furniture advertising, billboards, and tran...
Rampgreen Solutions Pvt. Ltd. v. Commissioner of Income Tax: Sub-Classification within ITeS Segments Imperative for Arm’s Length Price (ALP) Determination under Section 92C
Facts of the Case
Corporate
Profile and Transactions: The Assessee, Rampgreen
Solutions Pvt. Ltd., operates as a wholly owned subsidiary of vCustomer,
USA (its Associated Enterprise, or 'AE'). Registe...
Commissioner of Income Tax-I vs M/s Cotton Naturals (I) Pvt. Ltd.: LIBOR as Benchmark for Foreign Currency Loans under Transfer Pricing
Facts of the
CaseThe present appeal was filed by the Revenue under
Section 260A of the Income Tax Act, 1961 against the order passed by the Income
Tax Appellate Tribunal relating to Assessment Year 2007-08.The respond...
Pr. Commissioner of Income Tax-09 v. Tupperware India Pvt. Ltd. | Validity of Reassessment under Section 147/148 in the Absence of Fresh Tangible Material
Facts of the Case
Return
Filing: The Respondent Assessee (Tupperware India
Pvt. Ltd.) filed its return of income for Assessment Year (AY) 2003-04 on
December 2, 2003, declaring a loss of Rs. 96,19,890...
Commissioner of Income Tax Delhi-IV vs Daikin Air-Conditioning India Pvt. Ltd. | Technical Know-how Fee Held as Revenue Expenditure u/s 37(1) of Income Tax Act
Facts of the
CaseThe assessee, Daikin Air-Conditioning India Pvt.
Ltd., filed its return for AY 2005-06 declaring business income. During
assessment, the Assessing Officer made an addition of ₹43.75 lakhs on a...
Pr. Commissioner of Income Tax-5 vs. Le Passage to India Tours & Travels Pvt. Ltd.: Analysis of Fee for Technical Services under Section 40(a)(i)
Facts of the CaseThe Revenue (Appellant) challenged an order dated December 19,
2014, passed by the Income Tax Appellate Tribunal (ITAT) concerning the
Assessment Years (AYs) 2007-08 and 2008-09. The Assessing Officer ...