Blog Categories
Subscribe to Newsletter
Join our subscribers list to get the latest Tax Updates and Opportunities.
Knowledge Portal
Click here to explore deep insights, FAQs, and comprehensive tax guides.
Explore Now
Commissioner of Income Tax, Delhi-IV, New Delhi vs. DCM Shriram Consolidated Ltd. | Delhi High Court | Section 115JA MAT – Profits from Captive Power Plants Eligible for Deduction
Facts of the Case
The assessee, DCM Shriram Consolidated Ltd., operated multiple
manufacturing divisions, including fertilizer, cement, chemicals and
textile units.
The assessee had established four Capti...
Commissioner of Income Tax, Delhi-IV, New Delhi vs. M/s DCM Shriram Consolidated Ltd. | Delhi High Court Upholds Deduction of Captive Power Generation Profits under Section 115JA of the Income Tax Act
Facts of the
CaseThe Revenue preferred an appeal under Section 260A
of the Income Tax Act, 1961 against the order of the Income Tax Appellate
Tribunal relating to Assessment Year 2000-01.The dispute pertained to the a...
Commissioner of Income Tax, Delhi-IV, New Delhi vs. M/s DCM Shriram Consolidated Ltd. | Delhi High Court
Facts of the Case
The assessee, M/s DCM Shriram Consolidated Ltd., was engaged in
generation of electricity.
The electricity generated by the assessee was entirely utilized for
captive consumption.
Whil...
Commissioner of Income Tax, Delhi-IV vs Uppal Hotels Ltd | No Taxable Accrual of Interest on Modified Agreement | Delhi High Court
Facts
of the Case1.
The
assessee had entered into an agreement dated 03.07.2002.2.
The
Assessing Officer held that there was delay in payment of instalment...
Commissioner of Income Tax v. Shri Sanjiv Mishra – Non-Compete Fee Held as Capital Receipt Not Taxable Under the Income-tax Act
Facts of the
Case
Shri Sanjiv Mishra entered into an agreement dated 14.10.1994
containing a negative covenant.
Under the agreement, the assessee agreed that he would not,
directly or indirectly, establi...
Director of Income Tax (Exemption), Delhi v. Japan Chamber of Commerce & Industry in India | Registration under Section 12A Cannot Be Denied Merely Because Certain Objects Are Ancillary to Main Charitable Objects
Facts of the CaseThe respondent, Japan Chamber of Commerce &
Industry in India, is a society registered under the Societies Registration
Act, 1860. The society was established with the principal objective of
promo...
CIT Central-III, New Delhi vs Hitashi Estates Limited | Tenancy Rights are Capital Assets and Not Stock-in-Trade Merely Due to Accounting Treatment
Facts of the CaseThe assessee had taken Property No. 7, Kasturba
Gandhi Marg (KG Marg), New Delhi on rent and subsequently incurred substantial
expenditure towards improvements in the rented premises. The premises rema...
Commissioner of Income Tax, Delhi-IV vs Dharam Pal Prem Chand Ltd. | Deduction under Section 80-IB on Excise Duty Refund – Delhi High Court
Facts of the
Case
Dharam Pal Prem Chand Ltd. claimed deduction under Section 80-IB in
respect of income arising from refund of excise duty received by its
Agartala industrial unit.
The excise duty refund...
Commissioner of Income Tax, Delhi-IV vs. Dharam Pal Prem Chand Ltd. | Excise Duty Refund Eligible for Deduction Under Section 80-IB of the Income Tax Act – Delhi High Court
Facts of the
CaseThe assessee, M/s Dharam Pal Prem Chand Ltd., was
engaged in the manufacture of flavoured chewing tobacco and Kiwam. It had
manufacturing units at Barotiwala (Himachal Pradesh) and Agartala (Tripura)....
Commissioner of Income Tax vs. M/s Rampur Engineering Co. Ltd. & Connected Matters – Satisfaction for Initiation of Penalty under Section 271(1)(c) Must Be Discernible from Assessment Order | Delhi High Court Full Bench
Facts of the CaseA batch of appeals was filed by the Revenue
challenging various orders of the Income Tax Appellate Tribunal whereby
penalties imposed under Section 271(1)(c) of the Income Tax Act, 1961 had
either bee...