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Pr. Commissioner of Income Tax-6 vs National Fertilizers Ltd. | Delhi High Court on Allowability of Demurrage & Wharfage Charges, Actuarial Provisions for Post-Retirement Benefits, and Taxability of Notional Interest under the Income Tax Act
Facts of the CaseNational Fertilizers Ltd. claimed deduction of demurrage and
wharfage charges incurred during its business operations for Assessment Years
2006-07 to 2009-10. The Revenue disallowed the expenditure by ...
Li & Fung India Pvt. Ltd. vs Assistant Commissioner of Income Tax & Anr. Delhi High Court Sets Aside TPO’s Fresh Comparable Selection Beyond ITAT Remand Scope under Transfer Pricing Provisions – Scope of Remand Cannot Be Expanded for Fresh ALP Determination
Facts
of the CaseLi & Fung India Pvt. Ltd.
was engaged in providing sourcing support services relating to garments,
handicrafts, leather products, and similar products to its Associated
Enterprises and charged a ...
Principal Commissioner of Income Tax, Central-2 vs Sunny Infraprojects Ltd. & Ors. | Scope of Section 153C and Requirement of Incriminating Material for Assessment Reopening under Income Tax Act, 1961
Facts of the CaseA search and seizure operation was conducted on 10 January
2012 in the case of the Minda Group. During the course of the
search, Mr. Santosh Kumar Jain, alleged to be an entry operator, was
exam...
Venu Charitable Society & Anr. vs Director General of Income Tax Exemption under Section 10(23C)(via) of the Income Tax Act, 1961 cannot be denied merely because a charitable hospital charges fees or earns incidental surplus – Delhi High Court
Facts of the
CaseThe petitioner society was registered under the Societies
Registration Act, 1860 and established with the principal object of
rendering comprehensive eye care services through its hospital, Venu Eye
...
Pr. Commissioner of Income Tax-6 vs National Fertilizers Ltd. | Deductibility of Demurrage & Wharfage Charges, Actuarial Provision for Post-Retirement Benefits, and Taxability of Notional Interest under Sections 37(1), 43B & 260A of the Income Tax Act
Facts of the CaseNational Fertilizers Ltd., the assessee, had claimed deduction
towards demurrage and wharfage charges incurred during the course of business
operations. The Revenue disallowed the claim by treating suc...
Giesecke & Devrient India Private Limited vs Deputy Commissioner of Income Tax & Ors. | Delhi High Court | W.P.(C) 4982/2015 & 4984/2015 | Income Tax Proceedings Rendered Infructuous due to CIT(A) Orders
Facts of the
Case
The petitioner company approached the Delhi High Court by way of
writ petitions against the Income Tax Department.
The dispute was connected with income tax proceedings pending
against...
Giesecke & Devrient India Pvt. Ltd. vs Deputy Commissioner of Income Tax & Ors. – Delhi High Court on Maintainability of Writ Petition after Appellate Relief under Income Tax Act 1961
Facts of the
CaseThe petitioner, Giesecke & Devrient India
Private Limited, instituted writ petitions before the Delhi High Court
against the Deputy Commissioner of Income Tax and other authorities in relation
to...
Commissioner of Income Tax vs Link Engineer Pvt. Ltd. | Bogus Consultancy Expenditure Disallowance under Section 37(1) & Search Assessment under Section 132 of Income Tax Act
Facts of the
CaseThe matter arose from a search and seizure
operation conducted under Section 132 of the Income Tax Act, 1961 at the
premises of Shri S.K. Gupta and entities controlled by him. During the search,
the ...
Commissioner of Income Tax (International Taxation)-1 vs Aspect Software Inc. | Delhi High Court on Taxability of Customized Software Payments as Royalty under Section 9(1)(vi), Article 12 of Indo-US DTAA & Section 234B of Income Tax Act
Facts of the CaseThe Revenue preferred appeals under Section 260A of the Income
Tax Act challenging the order of the Income Tax Appellate Tribunal (ITAT),
whereby the Tribunal held that the consideration received by As...
India Trade Promotion Organization vs Deputy Commissioner of Income Tax (Exemption), New Delhi | Delhi High Court | W.P.(C) 9664/2015 | Withdrawal of Writ Petition as Infructuous on Account of Appellate Relief under Income Tax Act
Facts of the
CaseThe Petitioner, India Trade Promotion
Organization, had approached the Delhi High Court by filing a writ petition
against the Deputy Commissioner of Income Tax (Exemption), New Delhi,
challenging the...