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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...
Pr. Commissioner of Income Tax-6 v. Minda Acoustic Ltd. [2015:DHC:11381-DB]: Scope of Appellate Jurisdiction under Section 260A of the Income Tax Act, 1961
Facts of the CaseThe Revenue (Appellant) filed two appeals under Section 260A
of the Income Tax Act, 1961, challenging a common order passed by the Income
Tax Appellate Tribunal (ITAT) regarding the Assessment Year (AY...
Riddhi Promoters Pvt. Ltd. vs Commissioner of Income Tax-7 (Delhi High Court) – Addition under Section 68 on Unexplained Share Capital | Scope of Identity, Genuineness & Creditworthiness
Facts of the
CaseThe assessee company received ₹24 lakhs as share
capital from six share applicants. The return was originally processed
under Section 143(1). Thereafter, the Revenue reopened the assessment un...
Aroon Purie vs Commissioner of Income Tax | Delhi High Court | Taxability of Journalism Award under Section 10(17A), Section 2(24), Income Tax Act, 1961
Facts of the
CaseThe assessee, Aroon Purie, was serving as
Editor-in-Chief of India Today and deriving income from salary,
interest, dividend, and property.During the relevant assessment year, the assessee
received â...
Commissioner of Income Tax-VI vs Wings Pharmaceuticals Pvt. Ltd. – Section 80-IC Deduction on Baddi Unit, Old vs New Machinery Ratio & Alleged Accommodation Bills | Delhi High Court
Facts of the CaseThe Revenue filed appeals before the Delhi High Court under
Section 260A of the Income-tax Act against the common order passed by the
Income Tax Appellate Tribunal (ITAT) for Assessment Years 2006-07, ...
Chryscapital Investment Advisors (India) Pvt. Ltd. vs Deputy Commissioner of Income Tax Transfer Pricing – Comparable Selection – Super Normal Profits – Multiple Year Data – Bonus Disallowance under Section 36(1)(ii)
Facts
of the CaseThe assessee, Chryscapital Investment Advisors (India)
Pvt. Ltd., was engaged in providing investment advisory
services to its Associated Enterprises (AEs) on a cost-plus mark-up basis.
During AY 200...
Commissioner of Income Tax-II vs McKinsey Knowledge Centre India Pvt. Ltd. | Delhi High Court | Section 10A Deduction on IT Enabled Services & Transfer Pricing Comparables
Facts of the CaseThe assessee, McKinsey Knowledge Centre India Pvt.
Ltd., was engaged in providing support services including export of computer
software, IT-enabled services, data processing, customization of data,
b...
Commissioner of Income Tax-XIII vs Vaish Associates – Partner Remuneration Allowable u/s 40(b)(v) and Contribution to Professional Body Allowed as Business Expenditure u/s 37(1) | Delhi High Court
Facts of the CaseThe assessee, Vaish Associates, a partnership firm engaged in
the legal profession at New Delhi and Mumbai, had executed a
retirement-cum-partnership deed effective from 1 April 2006. Clause 6(a) of th...
Krishak Bharti Coop. Ltd. vs Commissioner of Income Tax (Delhi High Court) – Scope of Rectification under Section 154 and Deduction under Sections 43B & 80-I of the Income-tax Act
Facts of the
CaseThe assessee, Krishak Bharti Cooperative Ltd.,
claimed business expenditure of ₹91,32,404 under Section 43B of the Income-tax
Act towards contribution made to the Cooperative Education Fund under Se...
Commissioner of Income Tax (Central)-I vs MGF Automobiles Ltd. – Addition under Sections 153A & 72A Invalid in Absence of Incriminating Material Found During Search | Delhi High Court
Facts of the CaseThe Respondent-Assessee, MGF Automobiles Ltd., was engaged in
the business of automobile dealership and service station operations. During
Assessment Year (AY) 2004-05, the assessee entered into an ama...