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Commissioner of Income Tax, Delhi-II vs. Kelvinator of India Ltd. | Scope of Revision under Section 263 when Two Views are Possible
Facts of the
Case
The assessee, M/s Kelvinator of India Ltd., filed its return of
income for Assessment Year 1989-90.
The Assessing Officer completed the assessment on 26.03.1992 and
allowed deduction un...
Commissioner of Income Tax vs Orient Ceramics & Industries Ltd. | Depreciation on Customs Duty, Glow Sign Board Expenditure & UPS Depreciation Allowed | Delhi High Court
Facts
of the CaseThe assessee company had
imported machinery under a duty exemption certificate issued by the Ministry of
Finance. Subsequently, the Customs Department disputed the exemption and issued
a show cause n...
Commissioner of Income Tax vs Whirlpool of India Ltd. | Delhi High Court | Warranty Provision Deduction and Royalty Disallowance under Sections 37 and 40(a)(i) of the Income-tax Act
Facts of the
CaseFor Assessment Year 1996-97, Whirlpool of India
Ltd. filed its return declaring a loss of ₹48.71 crores. During assessment
proceedings under Section 143(3) of the Income-tax Act, 1961, the Assessing...
Tractebel Industry Engineering vs Assistant Director of Income Tax, International Taxation Circle 2(2) | Delhi High Court
Facts of the
CaseThe petitioner, Tractebel Industry Engineering, a
company incorporated in Belgium, filed its return of income for Assessment Year
2002-03 declaring income from its Indian operations. During the origin...
Commissioner of Income Tax vs Oswal Chemical & Fertilisers Ltd. | Depreciation on Alleged Bogus Machinery Purchase Cannot Be Disallowed When Physical Existence and Installation of Machinery Are Established | Delhi High Court
Facts
of the CaseThe assessee, Oswal Chemical &
Fertilisers Ltd., engaged in the business of manufacturing fertilisers, filed
its return for Assessment Year 1996-97 declaring a loss. The assessee had shown
purcha...
Director General of Income Tax (Administration) & Anr. vs Board for Industrial & Financial Reconstruction (BIFR), New Delhi & Ors.
Facts of the CaseThe Director General of Income Tax (Administration)
and another approached the Delhi High Court by way of a writ petition against
the Board for Industrial & Financial Reconstruction (BIFR), New Del...
Director General of Income Tax (Admn.) & Anr. vs Board for Industrial & Financial Reconstruction & Ors.: Delhi High Court Judgment on SICA Section 18 & 32 Compliance
Facts of the
CaseThe Income Tax Department challenged multiple
orders of the Board for Industrial & Financial Reconstruction (BIFR)
discharging sick industrial companies from references under SICA, arguing that
p...
Director General of Income Tax (Admn.) & Anr. vs Board for Industrial & Financial Reconstruction & Ors. – WP (C) No. 1950 of 2011 – Delhi High Court – Sections & Detailed Case Analysis
Facts of the
CaseIn WP (C) No. 1950 of 2011, the petitioners,
Director General of Income Tax (Admn.) & Anr., New Delhi, approached
the Delhi High Court challenging the procedures related to reporting of
judicial ...
Director General of Income Tax (Admn.) & Anr. vs Board for Industrial & Financial Reconstruction & Ors. – WP (C) No. 1945 of 2011 | Delhi High Court
Facts of the
Case:The petitioners, Director General of Income Tax
(Admn.) & Anr., New Delhi, approached the Delhi High Court via a
writ petition seeking clarification and relief concerning procedural issues
with ...
Commissioner of Income Tax vs. M/s Chadha Automobiles (India) | Rejection of Books of Account Does Not Automatically Justify Arbitrary Trading Addition – Delhi High Court
Facts of the Case
A survey under Section 13e3A was conducted on 07.01.2000 at the
premises of the assessee.
Excess stock worth ₹15 lakh and unexplained cash of ₹5 lakh were
detected.
The assessee su...