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COMMISSIONER OF INCOME TAX v. M/S MITSUBISHI CORPORATION – DISMISSAL OF REVENUE'S APPEAL WITH EXEMPLARY COSTS PURSUANT TO PRINCIPLES OF FAIRNESS BY PUBLIC AUTHORITIES UNDER THE INCOME TAX ACT, 1961
Facts of the Case
The
Appellant (Commissioner of Income Tax) filed an income tax appeal,
registered as ITA No. 1153 of 2005, against the Respondent, M/s Mitsubishi
Corporation.
The
appeal was...
COMMISSIONER OF INCOME TAX v. M/S MADHSY FILMS PVT. LTD. – VALIDITY OF ASSESSMENT AND LEGAL PRESUMPTION OF SERVICE OF NOTICE WITHIN THE LIMITATION PERIOD UNDER THE INCOME TAX ACT, 1961
Facts of the Case
The
Assessee filed its return of income on October 31, 2001, declaring a loss
of Rs. 8,37,355.
The
Assessing Officer issued a notice under Section 143(2) of the Income Tax
A...
COMMISSIONER OF INCOME TAX VERSUS SAHU CONSTRUCTION PRIVATE LIMITED – ESTIMATION OF NET PROFIT AND DISALLOWANCE OF SEPARATE DEPRECIATION DEDUCTIONS UPON REJECTION OF BOOKS OF ACCOUNT UNDER THE INCOME TAX ACT, 1961
Facts of the Case
The
Assessee’s books of account were rejected by the Assessing Officer during
the assessment proceedings for the relevant assessment years.
Upon
the rejection of the books of acc...
Commissioner Of Income Tax v. M/S Mitsubishi Corporation – Dismissal Of Revenue’s Appeal With Costs Pursuant To The Principle Of Fairness By Public Authorities Under The Income Tax Act, 1961
Facts of the Case
The
Appellant (Revenue) filed an income tax appeal, registered as ITA No. 225
of 2006, against the Respondent, M/s Mitsubishi Corporation.
The
appeal came up for hearing before th...
Commissioner of Income Tax v. Sara International Ltd. – Applicability of Tax Deduction at Source on Trade Facilitation and L/C Transfer Charges as Commission vs Fees for Technical Services under Sections 194-H and 194-J of the Income Tax Act
Facts of the Case·
The Revenue preferred an appeal under Section
260A of the Income Tax Act, 1961, challenging the order dated 2nd December,
2005, passed by the Income ...
Commissioner of Income Tax Versus M/s Hewlett Packard India (P) Ltd. – Admissibility of Provisions for Warranties, Doubtful Debts, and Gratuity and Acceptance of Additional Evidence under Section 115-JB and Rule 46A of the Income Tax Act
Facts of the CaseThe Revenue preferred an appeal against an order dated 20th
May, 2005, passed by the Income Tax Appellate Tribunal, Delhi Bench 'D' in ITA
No. 5417/Del/04 for the assessment year 2001-2002. The Assesse...
Commissioner of Income Tax Versus M/s Hewlett Packard India (P) Ltd. – Admissibility of Provisions for Warranties, Doubtful Debts, and Gratuity under Section 115-JB and Rule 46A of the Income Tax Act
Facts of the CaseThe Revenue preferred an appeal against the order dated 20th
May, 2005, passed by the Income Tax Appellate Tribunal, Delhi Bench D in ITA
No. 5417/Del/04 for the assessment year 2001-2002. The Assessee...
The Commissioner of Income Tax Versus M/S Mahaan Foods Ltd. – Admissibility of Deduction for a New Industrial Undertaking Established Through Advanced Technology Integration under Section 80-IA of the Income Tax Act
Facts of the Case·
The Assessee is engaged in the manufacturing of
dairy whitener and skimmed milk powder. It claimed statutory deductions under
Section 80-IA of the In...
Commissioner of Income Tax v. Hewlett Packard India (P) Ltd. – Warranty Provision Allowed as Accrued Liability and No Addition of Doubtful Debts or Gratuity Provision under Sections 115JB and 115JA of the Income-tax Act
Facts of the CaseHewlett Packard India (P) Ltd., engaged in the business of
computers and computer peripherals, provided warranty coverage to customers for
replacement of defective parts for periods ranging from one to...
Commissioner of Income Tax v. Hewlett Packard India (P) Ltd. – Deductibility of Warranty Provision and Exclusion of Provision for Doubtful Debts and Gratuity from Book Profits under Sections 115JB and 115JA of the Income-tax Act
Facts of the CaseHewlett Packard India (P) Ltd., engaged in the business of
dealing in computers and computer peripherals, created provisions for warranty
obligations arising from sales made to customers.The company fo...