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Delhi HC Case Law: Commissioner of Income Tax v. Atma Ram Properties P. Ltd. | Classification of Rental Income & Capital Gains under Sections 22, 28, 45, and 260A of the Income Tax Act, 1961
Facts of the CaseA batch of ten appeals was filed before the Delhi High Court
under Section 260A of the Income Tax Act, 1961, challenging various orders
passed by the Income Tax Appellate Tribunal (ITAT). Out of these ...
Director of Income Tax vs. M/s. Ericsson Communications Ltd. — Scope of Section 195: Does Mere Book Entry and Subsequent Reversal Trigger TDS Obligation on Foreign Remittances if Income Has Not Accrued?
Facts of
the Case
The
Assessee, M/s. Ericsson Communications Ltd., is an Indian company
and a wholly-owned subsidiary of Telefonaktiebolaget L.M. Ericsson,
Sweden (TLME).
The
Assessee e...
Commissioner of Income Tax-1 vs. M/s Agya Crowns & Tops (P) Ltd. | Section 271(1)(c) Penalty Appeal Dismissed Due to Low Tax Effect
Facts of the CaseThe Appellant (Revenue) filed appeals under Section 260A of
the Income Tax Act, 1961 ('Act'), challenging a common order dated 8th August
2014 passed by the Income Tax Appellate Tribunal ('ITAT'). This...
Pr. Commissioner of Income Tax v. Groz Engineering Tools Pvt. Ltd.: Allowance of Sales-Linked Royalty as Revenue Expenditure under Section 37(1)
Facts of the Case
The
Assessee is a 100% export-oriented unit based in Gurgaon, engaged in the
manufacturing of machine tools.
For
the Assessment Year (AY) 2005-06, the case was selected for scruti...
CIT (Exemption) v. Bhagwan Shree Laxmi Narain Dham Trust: Scope of Tax Exemption on Anonymous Donations under Section 115BBC
Facts of the Case
The
Assessee, Bhagwan Shree Laxmi Narain Dham Trust, was registered under
Section 12A of the Income Tax Act, 1961, on 20th May 2005. The Trust deed
outlined various charitable, spiri...
Commissioner of Income Tax vs. Keihin Panalfa Ltd. – Pro-Rata Apportionment of Transfer Pricing Adjustments under Section 92CA
Facts of the Case
The
Assessee's Business: Keihin Panalfa Ltd. (the Assessee/Respondent)
manufactures and sells air-conditioners for cars manufactured by Honda
Siel Cars India Ltd.
International
...
Commissioner of Income Tax-V vs. Kapil: Capital Gains Exemption Under Section 54F and the Impact of Fractional Property Co-Ownership
Facts of the Case
Deduction
Claims: The Respondent-Assessee filed his return of
income for the Assessment Year (AY) 2007-08 declaring an income of
₹2,78,53,090. In the return, the Assessee claimed a...
Commissioner of Income Tax (Central II) vs. P.D. Associates (P) Ltd. — Scope of Substantial Question of Law under Section 260A of the Income Tax Act
1. Facts of the CaseThe Revenue (Commissioner of Income Tax, Central II) filed a
series of Income Tax Appeals (ITA No. 461/2015, 463/2015, 464/2015, 465/2015,
468/2015, 469/2015, and the lead appeal ITA No. 444/2015) b...
COMMISSIONER OF INCOME TAX vs. SRI VIJAY SINGH KADAN: Determination of Agricultural Land Status under Section 2(14)(iii)(b) of the Income Tax Act – Distance Measurement Method
Facts of the Case
Assessee
Property Sale: During the assessment proceedings for
Assessment Year (AY) 2006-07, the Assessing Officer (AO) noted that the
Assessee (Respondent) sold $5.9625$ acres of lan...
Commissioner of Income Tax vs. Vodafone Essar Mobile Service Ltd. & Ors. (Under Sections 391 to 394 of the Companies Act)
Facts of the Case
Scheme
Approval: Two separate sets of corporate entities,
Vodafone and Bharti, filed claims for corporate mergers and demergers
before the learned Company Judge.
Statutory
F...