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THE COMMISSIONER OF INCOME TAX VS M/S BANSAL HIGH CARBONS PVT. LTD. UNDER SECTION 260A OF THE INCOME-TAX ACT, 1961
FACTS
OF THE CASE1. Assessee’s Profile: The Respondent, M/s Bansal High Carbons Pvt. Ltd.,
is a private limited company engaged in corporate business activities,
maintaining regular boo...
Commissioner of Income Tax vs. M/S Indian Hotels Co. Ltd. — Liability under Section 201(1)/201(1A) for Non-Deduction of TDS on Tips Distributed to Employees: Delhi High Court Affirms Bonafide Belief Eliminates 'Assessee in Default' Status
Facts of the CaseThe Revenue (Income Tax Department) filed a series of appeals
(ITA Nos. 778/2008, 779/2008, 780/2008, 814/2008, & 816/2008) against a
common order passed by the Income Tax Appellate Tribunal (ITAT)...
Commissioner of Income Tax vs. M/s Balaji Wire Pvt. Ltd.: Validity of Block Assessment under Section 158BC in the Absence of Incriminating Material Seized During Search
Facts
of the Case·
A search and seizure operation under
Section 132(1) of the Income Tax Act, 1961, was conducted on September 11/12,
2001, across various residential ...
Director of Income Tax, New Delhi vs. Sheraton International Inc. — Legal Interpretation of Section 9(1)(vi) and Section 9(1)(vii) of Income Tax Act, 1961 vs Article 7 and Article 12 of Indo-US DTAA on Taxability of Integrated Hotel Reservation & Marketing Services as Business Profits vs Royalty or Fees for Technical Services (FTS)
Facts
of the CaseThe Respondent-Assessee, M/s Sheraton
International Inc., a US-based entity, entered into integrated hospitality
service agreements with various Indian hotels (including ITC Hotels Ltd). Under these a...
Ranbaxy Laboratories Ltd. v. The Commissioner of Income Tax: Availability of Section 80IA Deduction on Duty Drawback and Profit on Sale of REP Licences
Facts of the Case
The
Appellant, Ranbaxy Laboratories Ltd., filed an appeal against the
order of the Income Tax Appellate Tribunal (ITAT).
The
dispute arose regarding the eligibility of fiscal ince...
The Commissioner of Income Tax, Delhi-I vs. M/s Bansal Strips (P) Ltd. | Appeal Under Section 260A of the Income Tax Act, 1961 Regarding Identical Substantial Questions of Law and Consolidation with Lead Case Law (ITA No. 1117 of 2006)
Facts
of the CaseThe Appellant, Revenue (Commissioner of
Income Tax, Delhi-I), filed an appeal under Section 260A of the Income Tax Act,
1961, challenging the order passed by the Income Tax Appellate Tribunal (ITAT).
...
Commissioner of Income Tax vs. Web Commerce (India) Pvt. Ltd. – Whether Filing Audit Report Under Section 10B(5) Before Assessment Framing Complies with Law as Directory Provision vs Mandatory Requirement: Delhi High Court Verdict Following CIT vs. Contimeters Electricals
FACTS OF THE CASE
The
Revenue filed an appeal (ITA 552/2008) before the High Court of Delhi
against the Income Tax Appellate Tribunal's order.
The
dispute concerned the deduction/exemption claimed ...
Commissioner of Income Tax vs Late Shri A.R. Chadha: Recording of Satisfaction Under Section 271(1)(c) for Penalty Initiation In The Absence of Finding of Concealment is Without Jurisdiction
Facts of the Case
The
Income Tax Department filed three interconnected appeals against the
common order passed by the Income Tax Appellate Tribunal (ITAT) dated
November 22, 2004.
The
central...
Commissioner of Income Tax vs. Bharat Heavy ElectricalS Ltd. & Anr. | Admissibility of Additional Grounds Before ITAT Without COD Approval under Section 260A
Facts
of the Case·
The Revenue (Petitioner) filed a writ
petition in the High Court of Delhi challenging two interlocutory orders passed
by the Income Tax Appellate Tr...
Commissioner of Income Tax, Delhi-I vs. Axis Computers (India) Pvt. Ltd. (2008): Filing of Audit Report Under Section 10A(5) Held Directory and Not Mandatory If Submitted Before Assessment Framing
Facts of the Case
The
Parties: The Appellant in this case is the
Commissioner of Income Tax, Delhi-I, and the Respondent is Axis Computers
(India) Pvt. Ltd..
The
Context: The Revenue (Income ...