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M/s. Usha Micro Process Controls Ltd. vs. Commissioner of Income Tax: Deductibility of Customs Redemption Fine under Section 37(1) of the Income Tax Act, 1961
Facts of the Case
Import
of Software: During the Assessment Year 1985-86, the
appellant imported hardware along with certain software.
Customs
Dispute: The appellant declared and sought to
re...
AT&T Communication Services India Pvt. Ltd. vs Commissioner of Income Tax-I & Another – Special Audit under Section 142(2A) of Income Tax Act: Validity of Direction, Complexity of Accounts and Scope of Judicial Review
Facts of the CaseThe Petitioner, AT&T Communication Services India Pvt.
Ltd., a wholly owned subsidiary of AT&T Communication Services
International Inc., USA, was engaged in market research and administrative
...
COMMISSIONER OF INCOME TAX-I vs. AIRLINE ALLIED SERVICES LTD.: Validity of Spreading Government Grants Over Lease Period Under AS-12 and Section 145 of the Income Tax Act.
Facts of the Case
The
Grant Issue: The respondent-assessee (Airline Allied
Services Ltd.) received a sanctioned grant of ₹35 crores from the Ministry
of Finance and Company Affairs aimed at im...
Sony India Pvt. Ltd. & Sony Mobile Communications (India) Pvt. Ltd. vs Additional Commissioner of Income Tax & Anr. – Delhi High Court on Illegal Garnishee Proceedings under Sections 220(3) and 226(3) of the Income Tax Act, 1961
Facts of the CaseSony Mobile Communications (India) Pvt. Ltd. and Sony India
Pvt. Ltd. were engaged in importing, marketing, selling consumer products and
providing after-sales support services in India.For Assessment ...
Kahan Udyog Vs. Commissioner of Income Tax: Scope of Additions for Unexplained Expenditure under Section 69C of the Income Tax Act, 1961
Facts of the Case
Search
Operations: On 16th November 1995, search operations
under Section 132 of the Income Tax Act, 1961, were conducted at the
business premises of Mahavir Woolen Mills, whic...
Sony Mobile Communications (India) Pvt. Ltd. & Sony India Pvt. Ltd. vs Additional Commissioner of Income Tax & Another – Attachment of Bank Accounts under Section 226(3) of Income Tax Act During Pendency of Stay Applications
Facts of the CaseSony Mobile Communications (India) Pvt. Ltd. and Sony India
Pvt. Ltd. were engaged in importing, distributing, and selling consumer
electronic products and mobile devices in India.For Assessment Year 2...
M/s York Exports (P) Limited vs. Commissioner of Income Tax, Delhi-III, Extension of Time under Section 80HHC(2)(a) for Realisation of Export Proceeds due to Reasons Beyond Control
Facts of the Case
Assessee
Profile: The petitioner, M/s York Exports (P)
Limited, is a limited company engaged in the manufacture and export of
woolen and cotton hosiery goods.
Export
Specifi...
Woodward Governor India Ltd. vs. Commissioner of Income Tax: Legality and Quantum of Warranty Provision Deductions under Section 37(1) of the Income Tax Act
Facts of the Case
Appellate
and Assessment Year: The appellant, Woodward Governor India
Ltd., filed an appeal concerning the Assessment Year 2006-07.
Disallowance
of Expenses: The Income Tax ...
M/s Kostub Investment Ltd. v. Commissioner of Income Tax – Allowability of Employee Higher Education Expenses as Business Expenditure under Section 37(1) of the Income Tax Act, 1961
Facts of the CaseThe assessee, M/s Kostub Investment Ltd., filed its income tax
return for Assessment Year 2006–07 declaring losses under the normal provisions
and book profits under Section 115JB of the Income...
INCOME TAX LITIGATION: COMMISSIONER OF INCOME TAX vs. M/S PRAKASH TUBES LIMITED — MODE OF COMPUTATION OF BOOK PROFITS AND CARRY FORWARD OF UNABSORBED LOSSES UNDER SECTION 115-J
Facts of the CaseThe respondent-assessee, a limited company, filed its income
tax return for the Assessment Year 1989-90 declaring an income of ₹91,25,683
under Section 115-J of the Income Tax Act, 1961. The as...