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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...
Principal Commissioner of Income Tax (Central)-1 vs Sahara India Financial Corporation Ltd. | Delhi High Court Dismisses Revenue Appeals as Misconceived Due to Dismissal of Assessee’s Cross-Objections under Section 260A of Income Tax Act, 1961
Facts of the CaseThe Revenue preferred multiple appeals before the Delhi High
Court under Section 260A of the Income Tax Act, 1961 challenging the order
dated 13 December 2016 passed by the Income Tax Appellate Tribuna...
Housing and Urban Development Corporation Ltd. vs Additional Commissioner of Income Tax (Delhi High Court) – Deduction on NPA Interest, Section 43D & Rule 6EB of Income Tax Act vis-à-vis NHB Guidelines
Facts of the
CaseThe appellant, Housing and Urban Development
Corporation Limited (HUDCO), a public sector undertaking engaged in housing
finance and urban infrastructure development, claimed deduction for
de-recogni...
Chintels India Limited vs Deputy Commissioner of Income Tax (Delhi High Court) – Scope of Section 153A, Finality of Assessment under Section 143(2), and Disallowance of Depreciation on Bogus Software Purchase
Facts of the
CaseThe assessee, Chintels India Limited, engaged in
horticulture, agriculture and real estate business, filed its return for AY
2008-09. No notice under Section 143(2) or Section 142(1) was issued within...
Chintels India Limited vs Deputy Commissioner of Income Tax (Delhi High Court) – Scope of Section 153A, Finality of Assessment under Section 143(2), and Disallowance of Depreciation on Bogus Software Purchase
Facts of the
CaseThe assessee, Chintels India Limited, engaged in
horticulture, agriculture and real estate business, filed its return for AY
2008-09. No notice under Section 143(2) or Section 142(1) was issued within...
Commissioner of Income Tax vs I.T.C. Limited Whether Royalty Paid to Airports Authority of India for Operating Executive Lounge Constitutes ‘Rent’ Liable for TDS under Section 194-I of the Income Tax Act, 1961 | Delhi High Court
Facts of the
CaseThe Revenue filed multiple appeals under Section
260A of the Income Tax Act, 1961, challenging the order passed by the Income
Tax Appellate Tribunal (ITAT). The dispute arose out of a License Ag...
Housing and Urban Development Corporation Ltd. Vs Additional Commissioner of Income Tax (Delhi High Court) – Deduction on De-recognition of NPA Interest under Section 43D read with Rule 6EB of the Income Tax Act vis-à-vis NHB Guidelines
Facts of the
CaseThe appellant, Housing and Urban Development
Corporation Limited (HUDCO), a public sector undertaking engaged in housing
finance and urban development financing, claimed deduction for de-recognition
...
Principal Commissioner of Income Tax (Central)-1 vs Sahara India Financial Corporation Ltd. | Delhi High Court | Revenue Appeal under Section 260A of the Income Tax Act Dismissed on Maintainability of Appeal Against Dismissal of Cross-Objections
Facts of the CaseThe Revenue filed multiple appeals before the Delhi High Court
challenging the order dated 13 December 2016 passed by the Income Tax Appellate
Tribunal. The ITAT had dismissed the cross-objections file...
Chintels India Limited vs Deputy Commissioner of Income Tax (Delhi High Court) – Section 153A Search Assessment, Finality of Return under Section 143(2), Disallowance of Bogus Software Depreciation under Income Tax Act, 1961
Facts of the
Case
The assessee, Chintels India Limited, was engaged in horticulture,
agriculture, and real estate business.
For AY 2008–09, the assessee filed its return of income on 28
October 2008. ...