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M/S Rella Ram Sant Ram vs. Commissioner of Income Tax: High Court of Delhi on Block Assessment, Search and Seizure, and Factual Determinations in Stock Valuation Under Section 158BC and Section 260A
Facts of the Case
Search
Operations: A search under Section 132(1) of the Income
Tax Act, 1961, was conducted on August 7, 1997, at the business premises
of the Appellant (an assessee firm engaged in ...
Shri Deepak Kr. Singh @ Ajay Kumar v. Chief Commissioner of Income Tax – Informer Reward Claim in Tax Evasion Cases and Timing of Final Reward Determination
Facts of the
Case
The petitioner claimed that he had acted as an informer for the
Income Tax Department in national interest.
According to the petitioner, he provided detailed information on 13
Jan...
Commissioner of Income Tax-V vs. Nu-Cork Products Pvt. Ltd.: Section 80-I Deduction Allowed for Small-Scale Industry Manufacturing Eleventh Schedule Items Based on the Rule of Consistency and Statutory Provisos
Facts of the Case
Assessee
Status & Activity: The Assessee, M/s Nu-Cork Products Pvt.
Ltd., is a Small Scale Industrial Undertaking (SSI) that has been engaged
in the manufacturing of rubberised c...
Commissioner of Income Tax v. Calcutta Test House Pvt. Ltd. – Requirement of Specific Satisfaction for Penalty under Section 271(1)(c) of the Income-tax Act, 1961
Facts of the
Case
The Revenue challenged an order passed by the Income Tax Appellate
Tribunal, Delhi Bench ‘G’, relating to Assessment Year 1998-99.
The tax effect involved in the appeal was Rs. 1,44,000, ...
Commissioner of Income Tax vs. U.P. Distillers Association | Maintainability of Revenue Appeals Under Section 260A of Income Tax Act, 1961 Vis-à-vis Monetary Limits Prescribed by CBDT Instruction No. 2 of 2005 on Recurring Substantial Questions of Law
Facts of the Case
The
Revenue (Appellant) filed an appeal under Section 260A of the Income Tax
Act, 1961 against the order dated 5th April, 2007 passed by the Income Tax
Appellate Tribunal (ITAT), Del...
Usha Drager P. Ltd. v. Commissioner of Income Tax & Anr. | Quashing of Section 142(2A) Special Audit Order for Violation of Natural Justice and Audi Alteram Partem: Delhi High Court Alignment with Supreme Court’s Rajesh Kumar Precedent
Facts of the Case
Parties
Involved: The Petitioner is M/s Usha Drager P. Ltd.,
and the primary Respondent is the Commissioner of Income Tax.
The
Impugned Order: An order dated December 20/21, 2006,...
Vestas RRB India Ltd. v. Additional Commissioner of Income Tax – Deduction under Section 80-IA and Treatment of Depreciation & Maintenance Expenses of Wind Energy Generation Business
Facts of the
Case
The assessee, Vestas RRB India Ltd., was engaged in the manufacture
and sale of Wind Electric Generators.
The assessee had installed Wind Electric Generators for
demonstration purposes ...
Commissioner of Income Tax, Delhi-IV vs. M/s Dewan Kraft System Pvt. Ltd. – Whether Unit-Level Profits Eligible for Section 80-IA Deduction Can Be Restricted or Adjusted Against Losses of Non-Eligible Units under Section 80-IA(7) of the Income Tax Act, 1961
Facts of the Case
The
Respondent-Assessee is a Private Limited Company engaged in the core
business of fabrication and the supply of technical items and industrial
equipments.
The
Assessee op...
Allied Electronics and Magnetics Ltd. vs. Deputy Commissioner of Income Tax: Mandatory Requirement of 'Asset User' in the Year of Discarding Under Section 32(1)(iii) of the Income Tax Act, 1961
Facts of the Case
The
Appellant-company was engaged in manufacturing and trading computer
floppies and related computer consumables.
The
plant and machinery used for this purpose were originally in...
Commissioner of Income Tax (Central)-I, New Delhi v. Ansal Buildwell Ltd. – Scope of “Undisclosed Income” in Block Assessment under Sections 158B(b) and 158BB of the Income-tax Act, 1961
Facts of the
Case
A search was conducted at the office premises of Ansal Buildwell
Ltd.
During the search, a bill amounting to Rs. 14,69,250 relating to
commission on sale of flats by M/s Televista...