Facts of the
Case
Shri Vivek Dougall was one of the promoters of Atul Glass
Industries Limited (AGIL) and Maharashtra Glass & Agro Limited
(MGAL).
A French company, Sekruti Saint Gobain (SSB), intend...
Facts of the CaseThe assessee, M/s Escorts Tractors Ltd., incurred expenditure
of ₹38,33,681 in connection with the rights issue of non-convertible debentures
during the Assessment Year 1995-96. The assessee claimed ...
Facts of the
Case
T.E.I. Technologies (Pvt.) Ltd. entered into a joint venture
arrangement with Tyco Asia Investment Ltd. and Elentec Co. Ltd.
The joint venture was formed for manufacturing CRT sockets,
...
Facts of the CaseThe Income Tax Department filed a criminal
complaint against four accused persons under Section 276B of the Income-tax
Act, 1961 alleging failure to deposit tax deducted at source (TDS) with the
Incom...
Facts of the CaseThe assessee, Narinder Jeet Kanwar, challenged the order of
the Income Tax Appellate Tribunal relating to Assessment Year 1997-98. The
assessee claimed to have entered into share sale transactions invo...
Facts of the CaseThe Revenue filed an appeal before the Delhi High
Court against Mount Everest Mineral Water Ltd. concerning the taxability
of certain interest income earned by the assessee.During the hearing, learned ...
Facts of the CaseThe dispute concerned the levy of penalty under Section
271C of the Income-tax Act on British Airways for alleged short deduction of
tax at source (TDS) on payments made to its cabin crew towards:
Me...
Facts of the CaseMorgan Securities & Credits (P.) Ltd. was
engaged in the business of money lending through Inter-Corporate Deposits
(ICDs) and other loans.During the relevant assessment year, the assessee
wrote o...
Facts of the
Case
Schneider Electric India Ltd. was engaged in trading industrial and
electronic items and had commenced manufacturing electrical equipment such
as circuit breakers.
For Assessment Year 1...
Facts of the CaseLotus Trans Travels Pvt. Ltd. was engaged in the
business of a travel agency, tour operations, and hotel business under the name
"Nikko Hotel."The assessee received foreign exchange from foreign
touri...