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M/s Freeze King Industries Pvt. Ltd. v. Commissioner of Income Tax, Delhi – Allowability of Interest Paid on Instalments for Industrial Plot Acquisition under Sections 37(1) and 43(1) of the Income-tax Act, 1961
Facts of the CaseM/s Freeze King Industries Private Limited was engaged in the
business of manufacturing and selling air-conditioning and refrigeration
machinery. For the Assessment Year 1976-77, the company had acquir...
Commissioner of Income Tax, Delhi - III v. Shri Rajinder Kumar Gupta: Interpretation of 'Transfer' Under Section 2(47) and the Legal Boundaries of Extinguishment of Rights for Capital Gains Assessment Under Section 45 of the Income Tax Act, 1961
Facts of the CaseThe dispute originated from an assessment year wherein the
Revenue authorities asserted that a specific transaction undertaken by the
assessee, Shri Rajinder Kumar Gupta, amounted to a legal "transfer"...
Pushpa Godhwani vs Commissioner of Income Tax – Inclusion of Disputed Immovable Property in Net Wealth under Section 2(m) of the Wealth-tax Act, 1957 | Delhi High Court
Facts of the CaseThe assessee, Pushpa Godhwani, filed wealth-tax returns for
Assessment Years 1991-92 and 1992-93. In her return for Assessment Year
1992-93, she declared the value of her share in immovable properties ...
Commissioner of Income Tax, Delhi-V, New Delhi vs. M/s. United Engineering Industries, New Delhi: Detailed Judicial Examination of the Eligibility of Domestic Expenditures for Weighted Deduction under Section 35B of the Income Tax Act, 1961
Facts of the CaseThe litigation originated from an assessment proceeding under
the Income Tax Act, 1961, concerning the respondent-assessee, M/s. United
Engineering Industries, New Delhi. During the relevant assessment...
Commissioner of Income Tax, Delhi-I v. East West Linkers (P) Ltd. (2001) – Eligibility of Garment Manufacturing Unit for Deduction under Section 80J of the Income-tax Act, 1961
Facts of the CaseThe dispute related to the Assessment Year 1976-77. The
assessee, East West Linkers (P) Ltd., was a private limited company
engaged in the business of manufacturing and exporting garments. The assessee...
Brig. Anant Singh vs Commissioner of Income Tax, Delhi-III & Others – Waiver of Interest under Section 215 of the Income-tax Act, 1961 Read with Rule 40 of the Income-tax Rules, 1962 | Delhi High Court
Facts of the CaseThe petitioner, Brig. Anant Singh, challenged the order dated
29 January 1976 passed by the Income-tax Officer rejecting his application for
waiver/reduction of interest charged under Section 215 of th...
Commissioner of Income-tax (Central), Delhi vs. M/s. C. Lyall & Co. (Lucknow Airfield), New Delhi: Taxability of Post-Dissolution Arbitration Receipts Under Section 176(4) of Income-tax Act, 1961 – Validity of Assessment on Non-Existent Firm and Factual Findings of Bona Fide Dissolution by ITAT
Facts of the CaseThe assessee, M/s. C. Lyall & Co. (Lucknow Airfield),
filed its return of income for the Assessment Year (AY) 1973-74 disclosing
'Nil' income. However, in Part-III of the return, the assessee discl...
Sofema SA France vs Deputy Director of Income Tax & Others – Reassessment under Sections 147 and 148 of the Income-tax Act, 1961 and Right to File Objections Against Recorded Reasons | Delhi High Court
Facts of the CaseThe petitioner, Sofema SA France, challenged three notices
issued under Section 147 read with Section 148 of the Income-tax Act, 1961
seeking reopening of assessments for Assessment Years 1999-2000 and...
Income-Tax Reference on Section 37(2B) Disallowance and Section 35B Weighted Deduction: Commissioner of Income-tax, Delhi-II versus M/s Projects & Equipment Corporation of India Ltd. — Legal Interplay of Business Expenditure Restrictions and Export Markets Development Allowance under the Income-tax Act, 1961
Facts of the Case
The
Originating Reference: The matter reached the Hon'ble Delhi
High Court via a formal reference made by the Income-tax Appellate
Tribunal (ITAT), Delhi Bench 'D', New Delhi, exerci...
Commissioner of Income Tax, Delhi-IV v. Medipac (P) Ltd. (2001) – Penalty under Sections 271(1)(c) and 273(a) of the Income-tax Act, 1961 for False Estimate of Advance Tax and Concealment of Income
Facts of the CaseThe Income-tax Appellate Tribunal, Delhi Bench-B, referred
certain questions of law to the Delhi High Court under Section 256(1) of the
Income-tax Act, 1961, at the instance of the Revenue. The dispute...