Facts of the
CaseThe petitioners, Parivar Seva Sanstha and another,
challenged reassessment proceedings initiated by the Income Tax Department
under Section 147 of the Income-tax Act, 1961.The Revenue had communicated...
Facts of the
Case
The assessee filed its return of income for Assessment Year 1996-97
declaring nil income after adjusting brought forward unabsorbed
depreciation.
The Assessing Officer completed assessm...
Facts of the
CaseHimalaya International Ltd. was engaged in the
activity of growing mushrooms and canning them. During the assessment
proceedings, the assessee claimed deduction under Section 80-IA of the
Income-tax ...
Facts of the CaseRavva Oil (Singapore) Pte. Ltd., a non-resident
company incorporated in Singapore, maintained its head office in Singapore and
operated a sole branch office in India in connection with oil exploration
...
Facts of the
CaseThe assessee, M/s Rathi Gases Ltd., received
a cash subsidy under the 10% Central Outright Grant Scheme, 1971 for
setting up industrial activities in backward districts/areas through the
Rajasthan Fi...
Facts of the
Case
The Revenue filed an appeal against the order dated 4 May 2007
passed by the Income Tax Appellate Tribunal, Delhi Bench “I”.
The dispute related to Assessment Year 2001-02.
The issue in...
Facts of the CaseThe petitioners, VLS Finance Ltd.
and South Asian Enterprises Ltd., challenged an order dated 29.06.2000 passed
under Section 142(2A) of the Income-Tax Act, 1961 directing a special audit of
their acc...
Facts of the CaseThe assessee, M/s Rathi Gases Ltd., had
received a cash subsidy under the 10% Central Outright Grant Scheme, 1971
applicable to backward districts/areas through the Rajasthan Financial
Corporation. Th...
Facts of the
Case
The assessee, Jindal Drilling & Industries Ltd., was assessed
under Section 143(3) for Assessment Year 1989-90.
The original assessment order did not properly compute book profits
u...
Facts of the
CaseThe petitioner, M/s Superior Exim Pvt. Ltd.,
challenged an order dated 23 September 2005 passed by the Commissioner of
Income Tax under Section 127 of the Income-tax Act, 1961. By the impugned
order,...