Facts of the CaseMorgan Securities & Credits (P.) Ltd. was
engaged in the business of money lending through Inter-Corporate Deposits
(ICDs) and other loans.During the relevant assessment year, the assessee
wrote o...
Facts of the
Case
Schneider Electric India Ltd. was engaged in trading industrial and
electronic items and had commenced manufacturing electrical equipment such
as circuit breakers.
For Assessment Year 1...
Facts of the CaseLotus Trans Travels Pvt. Ltd. was engaged in the
business of a travel agency, tour operations, and hotel business under the name
"Nikko Hotel."The assessee received foreign exchange from foreign
touri...
Facts of the
CaseReach Cable Networks Ltd. challenged a reassessment
order passed by the Income Tax Department pursuant to proceedings initiated
under Section 147 of the Income-tax Act, 1961.The Assessing Officer reli...
Facts of the
Case
Eltek SGS (P) Ltd. claimed deduction under Section 80-IB in respect
of customs duty drawback amounting to Rs. 42,92,725.
The Assessing Officer disallowed the deduction.
The Assessing Office...
Facts of the
CaseThe dispute concerned the assessee's claim for
depreciation under Section 32 of the Income-tax Act, 1961 in respect of certain
plant and machinery leased to M/s Prakash Industries Limited.The Income T...
Facts of the
Case
Eltek SGS (P) Ltd. claimed deduction under Section 80-IB in respect
of customs duty drawback amounting to Rs. 42,92,725.
The Assessing Officer disallowed the deduction.
The Assessing Office...
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 ...