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Principal Commissioner of Income Tax-4 vs Inter Globe Technology Quotient Pvt. Ltd.Delhi High Court Dismisses Revenue Appeals Following Earlier Binding Precedent | Income Tax Appeals for AY 2007-08 to AY 2010-11 Section 260A
Facts of the
CaseThe present matter arose out of three appeals filed
by the Revenue before the Delhi High Court against a common order passed by the
Income Tax Appellate Tribunal (ITAT). The Tribunal had decided issue...
Pr. Commissioner of Income Tax-4 vs Inter Globe Technology Quotient Pvt. Ltd. | Delhi High Court Dismisses Revenue Appeals Following Earlier Binding Precedent | Section 260A Income Tax Act
Facts of the
CaseThe Revenue preferred three connected appeals
before the Delhi High Court against the common order dated 26 July 2017 passed
by the Income Tax Appellate Tribunal in relation to Assessment Years 2007-0...
Principal Commissioner of Income Tax (Central)-1 vs Surya Kant Jaipuria & Ors. | Delhi High Court on Unaccounted Share Purchase, Section 132(4) Statement & Unexplained Cash Additions under Income Tax Act
Facts of the
CaseThe Revenue preferred appeals against the common
order passed by the Income Tax Appellate Tribunal (ITAT) for Assessment Year
2011–12. The dispute arose from additions made by the Assessing Officer ...
Principal Commissioner of Income Tax (Central)-1 vs Surya Kant Jaipuria & Ors. | Delhi High Court on Unaccounted Share Purchase Additions, Section 132(4) Statements & Family Settlement Cash Transactions
Facts of the
CaseThe Revenue alleged that members of the Jaipuria
family had purchased shares of Integrated Caps Pvt. Ltd. at ₹0.01 per share and
treated the same as unaccounted share transactions.The Department rel...
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...