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Commissioner of Income Tax, Delhi vs Mission Viejo Agro Pvt. Ltd. – Section 36(1)(iii) Interest Deduction on Borrowed Funds and Interest-Free Advances | Delhi High Court
Facts of the CaseThe assessee, Mission Viejo Agro Pvt. Ltd., was
engaged in cultivation, dealing in agricultural produce, and setting up farms,
orchards, and horticultural projects. During Assessment Year 1997-98, the
...
Commissioner of Income Tax vs M/s Iyer & Co. (ITA No. 293/2006) – Penalty under Section 271(1)(c) on Assessed Loss Cases, Applicability of Explanation 4 and Remand to ITAT by Delhi High Court
Facts of the
CaseThe dispute arose from the deletion of a penalty
imposed under Section 271(1)(c) of the Income-tax Act, 1961. The
assessee's total income was ultimately assessed at a loss/minus figure,
and the...
Commissioner of Income Tax vs M/s Royal & Sunalliance – Dismissal of Revenue Appeal Following Earlier Precedent | Income Tax Appeal No. 122/2006 (Delhi High Court)
Facts of the
CaseThe Revenue, namely the Commissioner of Income Tax,
filed an appeal before the Delhi High Court against the order passed in favour
of M/s Royal & Sunalliance. The matter came up before the Divisio...
Commissioner of Income Tax-V Vs. Realest Builders & Services Ltd: Deductibility of Bad Debts under Section 36(1)(vii) - Delhi High Court
Facts of the Case·
The case pertains to the assessment year 2001-02
and arises from an order dated 22.06.2006 passed by the Income Tax Appellate
Tribunal (Tribuna...
Commissioner of Income Tax (TDS) vs Continental Carriers Pvt. Ltd. – Applicability of Sections 194C, 172 and 201 of the Income-tax Act, 1961 on Ocean Freight and Inland Haulage Charges Paid to Agents of Non-Resident Shipping Companies
Facts of the
CaseThe respondent-assessee, M/s Continental Carriers
Pvt. Ltd., was engaged in the business of freight forwarding. During a survey
operation, the Income Tax Department found that the assessee had made pa...
Commissioner of Income Tax vs Modi Xerox Ltd. | Royalty Expenditure, Scientific Research Deduction under Section 35(1)(iv), 100% Depreciation on Pollution Control Equipment & Section 80HHC Computation Settled in Favour of Assessee – Delhi High Court
Facts of the CaseThe Revenue filed the present appeal relating to Assessment
Year 2000-01 challenging the order of the Income Tax Appellate Tribunal (ITAT).The Revenue proposed several questions of law concerning:...
Commissioner of Income Tax vs Target Chemicals Pvt. Ltd. – Delhi High Court | ITA No. 1621/2006 | Appeal Dismissed for Absence of Substantial Question of Law under Section 260A of the Income-tax Act, 1961
Facts of the
CaseThe Revenue, namely the Commissioner of Income Tax,
preferred an appeal before the Delhi High Court against the order passed in
favour of the assessee, Target Chemicals Pvt. Ltd. The appeal was ...
Mrs. Nirmal Luthra vs Commissioner of Income Tax, Delhi – Reassessment Proceedings under Sections 147 & 148 Quashed Due to Failure to Produce Alleged VDIS Declaration | Delhi High Court
Facts of the
CaseThe petitioner, Mrs. Nirmal Luthra, an elderly person
aged over 80 years, challenged the reassessment proceedings initiated against
her under Sections 147 and 148 of the Income-tax Act, 1961. The reas...
Commissioner of Income Tax, Delhi vs Parveen Industries Pvt. Ltd. – Dismissal of Revenue’s Appeal Following Earlier Delhi High Court Precedent | Income Tax Appeal No. 1620 of 2006
Facts of the
CaseThe Revenue, through the Commissioner of Income
Tax, Delhi, filed an appeal before the Delhi High Court against the order
passed in favour of Parveen Industries Pvt. Ltd. The matter involved questions...
Commissioner of Income Tax vs Pradeep Kumar Gupta & Vijay Gupta – Reassessment under Sections 147/148 Cannot Be Sustained Solely on Third-Party Statement Without Opportunity of Cross-Examination | Delhi High Court
Facts of the CaseThe Revenue filed appeals against the order of the
Income Tax Appellate Tribunal (ITAT), which had deleted agricultural income of
₹4,34,000 declared by Shri Pradeep Kumar Gupta and ₹4,55,700 declar...