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Commissioner Of Income Tax v. M/S Mitsubishi Corporation – Dismissal Of Revenue’s Appeal With Costs Pursuant To The Principle Of Fairness By Public Authorities Under The Income Tax Act, 1961
Facts of the Case
The
Appellant (Revenue) filed an income tax appeal, registered as ITA No. 225
of 2006, against the Respondent, M/s Mitsubishi Corporation.
The
appeal came up for hearing before th...
Commissioner of Income Tax v. Sara International Ltd. – Applicability of Tax Deduction at Source on Trade Facilitation and L/C Transfer Charges as Commission vs Fees for Technical Services under Sections 194-H and 194-J of the Income Tax Act
Facts of the Case·
The Revenue preferred an appeal under Section
260A of the Income Tax Act, 1961, challenging the order dated 2nd December,
2005, passed by the Income ...
Commissioner of Income Tax Versus M/s Hewlett Packard India (P) Ltd. – Admissibility of Provisions for Warranties, Doubtful Debts, and Gratuity and Acceptance of Additional Evidence under Section 115-JB and Rule 46A of the Income Tax Act
Facts of the CaseThe Revenue preferred an appeal against an order dated 20th
May, 2005, passed by the Income Tax Appellate Tribunal, Delhi Bench 'D' in ITA
No. 5417/Del/04 for the assessment year 2001-2002. The Assesse...
Commissioner of Income Tax Versus M/s Hewlett Packard India (P) Ltd. – Admissibility of Provisions for Warranties, Doubtful Debts, and Gratuity under Section 115-JB and Rule 46A of the Income Tax Act
Facts of the CaseThe Revenue preferred an appeal against the order dated 20th
May, 2005, passed by the Income Tax Appellate Tribunal, Delhi Bench D in ITA
No. 5417/Del/04 for the assessment year 2001-2002. The Assessee...
The Commissioner of Income Tax Versus M/S Mahaan Foods Ltd. – Admissibility of Deduction for a New Industrial Undertaking Established Through Advanced Technology Integration under Section 80-IA of the Income Tax Act
Facts of the Case·
The Assessee is engaged in the manufacturing of
dairy whitener and skimmed milk powder. It claimed statutory deductions under
Section 80-IA of the In...
Commissioner of Income Tax v. Hewlett Packard India (P) Ltd. – Warranty Provision Allowed as Accrued Liability and No Addition of Doubtful Debts or Gratuity Provision under Sections 115JB and 115JA of the Income-tax Act
Facts of the CaseHewlett Packard India (P) Ltd., engaged in the business of
computers and computer peripherals, provided warranty coverage to customers for
replacement of defective parts for periods ranging from one to...
Commissioner of Income Tax v. Hewlett Packard India (P) Ltd. – Deductibility of Warranty Provision and Exclusion of Provision for Doubtful Debts and Gratuity from Book Profits under Sections 115JB and 115JA of the Income-tax Act
Facts of the CaseHewlett Packard India (P) Ltd., engaged in the business of
dealing in computers and computer peripherals, created provisions for warranty
obligations arising from sales made to customers.The company fo...
Commissioner of Income Tax v. M/s Mahaan Foods Ltd. – Deduction under Section 80-IA Allowed for New Industrial Undertaking Not Formed by Splitting Up, Reconstruction or Transfer of Old Plant and Machinery
Facts of the CaseM/s Mahaan Foods Ltd. was engaged in the manufacture of
dairy whitener and skimmed milk powder.The assessee claimed deduction under Section 80-IA from
Assessment Year 1995-96 onwards on the basis that ...
M/s Indus Valley Promoters Ltd. v. Commissioner of Income Tax – Addition under Section 68 Upheld for Unexplained Cash Credits, Share Application Money and Advances Received in Cash
Facts of the CaseM/s Indus Valley Promoters Ltd. filed its return declaring a
loss of Rs. 4,93,218. The return was initially processed under Section
143(1)(a), and thereafter scrutiny assessment proceedings were undert...
Li & Fung India Pvt. Ltd. v. Commissioner of Income Tax – Full Deduction under Section 80-O Allowed for Technical, Professional and Commercial Information Services Rendered from India to Foreign Enterprises
Facts of the CaseLi & Fung India Pvt. Ltd., an Indian company engaged in
providing buying and sourcing services to foreign principals, claimed deduction
under Section 80-O of the Income-tax Act in respect of fees r...