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Commissioner of Income Tax vs. Modiluft Ltd. | Delhi High Court on TDS Default, Burden of Proof & Applicability of Sections 201(1) and 201(1A) of the Income Tax Act, 1961
Facts of the CaseThe assessee, M/s Modiluft Ltd., was engaged
in operating scheduled airline services. Due to closure of its airline business
in 1996, several employees, including pilots, were laid off. For Assessment
...
Principal Commissioner of Income Tax (Central)-1 vs Manoj Hora (Delhi High Court) – Penalty under Section 140A(3) and Scope of Section 221(1) of the Income Tax Act, 1961
Facts of the
CaseThe Revenue preferred two appeals before the Delhi
High Court challenging the common order passed by the Income Tax Appellate
Tribunal (ITAT) in relation to Assessment Year 2009–10.The ITAT had set ...
Housing and Urban Development Corporation Ltd. Vs. Additional Commissioner of Income Tax (Delhi High Court) – Deduction on De-recognition of Interest on NPAs under Section 43D read with Rule 6EB of the Income Tax Rules, vis-à-vis NHB Guidelines
Facts of the
CaseThe assessee, Housing and Urban Development
Corporation Limited (HUDCO), a public sector undertaking engaged in housing and
urban infrastructure finance, claimed deduction of accrued interest on loans...
Commissioner of Income Tax vs ITC Limited – Whether Royalty Paid to Airports Authority of India for Executive Lounge Operations Constitutes Rent Liable for TDS under Section 194-I and Penalty under Section 271C of the Income Tax Act, 1961
Issues
Involved
Whether royalty paid by ITC to AAI for operating the Executive
Lounge constituted “rent” under Section 194-I of the Income Tax Act?
Whether interest under Section 201(1A) could...
Housing and Urban Development Corporation Ltd. vs Additional Commissioner of Income Tax, Range-12 Section 43D of the Income Tax Act, 1961
Facts of the
CaseThe appellant, Housing and Urban Development
Corporation Limited (HUDCO), a public sector undertaking engaged in
financing housing and urban infrastructure projects, filed appeals under
Section...
MSD Pharmaceuticals Pvt. Ltd. vs Additional Commissioner of Income Tax & Pr. Commissioner of Income Tax | AMP Expenditure Transfer Pricing Adjustment under Section 92C & Section 260A of the Income Tax Act
Facts of the
CaseMSD Pharmaceuticals Pvt. Ltd. and the Revenue both
preferred appeals against the order passed by the Income Tax Appellate Tribunal
(ITAT) for Assessment Year 2010–11. The dispute centered around the...
Principal Commissioner of Income Tax (Central)-1 vs Sahara India Financial Corporation Ltd. | Delhi High Court on Maintainability of Revenue Appeals under Section 260A of the Income Tax Act, 1961
Facts of the CaseThe Revenue filed multiple appeals before the Delhi High Court
under Section 260A against a common order of the Income Tax Appellate Tribunal
dated 13 December 2016. The impugned order had dismissed th...
Pr. Commissioner of Income Tax-6, New Delhi vs MSD Pharmaceuticals Pvt. Ltd. | Delhi High Court on Transfer Pricing Adjustment under AMP Expenditure and Existence of International Transaction | Sections 92, 92B & 92C Income Tax Act
Facts of the
CaseThe Revenue as well as the Assessee preferred cross
appeals before the Delhi High Court challenging the common order passed by the
Income Tax Appellate Tribunal (ITAT) for Assessment Year 2010–11. T...
Commissioner of Income Tax vs ITC Limited | Royalty Paid to Airport Authority for Executive Lounge Held as Rent u/s 194-I – TDS Liability and Penalty u/s 271C | Delhi High Court
Facts of the
CaseITC Ltd. was awarded a contract by Airports
Authority of India through a bidding process for operating an Executive Lounge
at IGI Airport, New Delhi. Under the licence agreement, ITC agreed to p...
Commissioner of Income Tax, Delhi-IV vs Escotrac Finance and Investments Ltd. – Whether Advance Given for Badla Transactions Can Be Claimed as Bad Debt under Section 36(1)(vii) of the Income Tax Act, 1961?
Facts of the
CaseThe assessee, Escotrac Finance and Investments
Ltd., engaged in finance and investment business, filed its return declaring
income of ₹93.38 lakh for AY 1993–94. In its profit and loss account, it...