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Ranbaxy Laboratories Ltd. v. The Commissioner of Income Tax: Availability of Section 80IA Deduction on Duty Drawback and Profit on Sale of REP Licences
Facts of the Case
The
Appellant, Ranbaxy Laboratories Ltd., filed an appeal against the
order of the Income Tax Appellate Tribunal (ITAT).
The
dispute arose regarding the eligibility of fiscal ince...
The Commissioner of Income Tax, Delhi-I vs. M/s Bansal Strips (P) Ltd. | Appeal Under Section 260A of the Income Tax Act, 1961 Regarding Identical Substantial Questions of Law and Consolidation with Lead Case Law (ITA No. 1117 of 2006)
Facts
of the CaseThe Appellant, Revenue (Commissioner of
Income Tax, Delhi-I), filed an appeal under Section 260A of the Income Tax Act,
1961, challenging the order passed by the Income Tax Appellate Tribunal (ITAT).
...
Commissioner of Income Tax vs. Web Commerce (India) Pvt. Ltd. – Whether Filing Audit Report Under Section 10B(5) Before Assessment Framing Complies with Law as Directory Provision vs Mandatory Requirement: Delhi High Court Verdict Following CIT vs. Contimeters Electricals
FACTS OF THE CASE
The
Revenue filed an appeal (ITA 552/2008) before the High Court of Delhi
against the Income Tax Appellate Tribunal's order.
The
dispute concerned the deduction/exemption claimed ...
Commissioner of Income Tax vs Late Shri A.R. Chadha: Recording of Satisfaction Under Section 271(1)(c) for Penalty Initiation In The Absence of Finding of Concealment is Without Jurisdiction
Facts of the Case
The
Income Tax Department filed three interconnected appeals against the
common order passed by the Income Tax Appellate Tribunal (ITAT) dated
November 22, 2004.
The
central...
Commissioner of Income Tax vs. Bharat Heavy ElectricalS Ltd. & Anr. | Admissibility of Additional Grounds Before ITAT Without COD Approval under Section 260A
Facts
of the Case·
The Revenue (Petitioner) filed a writ
petition in the High Court of Delhi challenging two interlocutory orders passed
by the Income Tax Appellate Tr...
Commissioner of Income Tax, Delhi-I vs. Axis Computers (India) Pvt. Ltd. (2008): Filing of Audit Report Under Section 10A(5) Held Directory and Not Mandatory If Submitted Before Assessment Framing
Facts of the Case
The
Parties: The Appellant in this case is the
Commissioner of Income Tax, Delhi-I, and the Respondent is Axis Computers
(India) Pvt. Ltd..
The
Context: The Revenue (Income ...
Commissioner of Income Tax vs. M/s India Crafts (and Connected Matters): Interpretation of Section 271(1B) on Assessing Officer’s Satisfaction for Penalty Initiation
Facts of the CaseThis judgment encompasses a batch of 31 cross-appeals,
primarily led by Commissioner of Income Tax vs. M/s India Crafts (I.T.A.
No. 766/2006) along with multiple connected income tax appeals. The dispu...
Commissioner of Income Tax vs. Smt. Rani Shankar Mishra: Taxability of Gender Discrimination Compensation Received via US Consent Decree Under Section 17(3)(iii) of the Income-tax Act, 1961
Facts of the Case
Job
Application and Selection: In January 1982, the
assessee (Smt. Rani Shankar Mishra) applied for a position with the
"Voice of America," a state-owned broadcasting agency of the
...
Commissioner of Income Tax vs. Honda Siel Power Products Limited | Revenue vs. Capital Expenditure on Tooling Advances & Accrued Liabilities under Section 37(1) and Section 28 of the Income Tax Act, 1961
Facts
of the CaseThe respondent-assessee, M/s Honda Siel
Power Products Limited, is engaged in the business of manufacturing portable
generator sets in technical collaboration with Honda Motor Company of Japan. ·&nbs...
Commissioner of Income Tax v. Integrated Databases India Ltd. (2008) | Interpretation of Section 10B(5) of the Income Tax Act, 1961: Filing of Audit Report Along with Return vs Before Assessment Framing – Directory vs Mandatory Requirement
Facts of the CaseThe Revenue/Appellant (Commissioner of Income Tax) filed an
appeal challenging the order of the Income Tax Appellate Tribunal (ITAT), which
had ruled in favor of the Respondent/Assessee (Integrated Dat...