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Commissioner of Income Tax v. Bioseed Research (India) Pvt. Ltd. (ITA No. 719/2007) – Delhi High Court | MAT Credit Set-Off Before Levy of Interest under Sections 234B & 234C
Facts of the CaseThe Revenue challenged orders of the Income Tax Appellate
Tribunal which had held that MAT credit available under Section 115JAA must be
given effect before calculating interest under Sections 234B and...
Commissioner of Income Tax (Central)-I, New Delhi vs. Sain Processing & Weaving Mills (P) Ltd
Facts of the Case
The
Assessee, M/s Sain Processing & Weaving Mills (P) Ltd, filed its
return of income for the Assessment Year (AY) 1990-91 on December 31,
1990, declaring a business loss of ₹1...
Commissioner of Income Tax (TDS) & Anr. v. Bhasin Motors India Pvt. Ltd. | Delhi High Court Dismisses Revenue Appeals Due to Low Tax Effect and CBDT Monetary Limits| under section 260A of the Income-tax Act, 1961
Facts
of the CaseThe Income Tax Department filed
multiple appeals against Bhasin Motors India Pvt. Ltd. relating to the
financial years 1997-1998 to 2001-2002, covering five assessment years.The aggregate tax effect
...
Commissioner of Income Tax vs. Brijbasi Art Press Limited | MAT Credit under Section 115JAA to be Set Off Before Charging Interest under Sections 234B and 234C
Facts of the CaseThe dispute arose regarding the manner in which interest under
Sections 234B and 234C of the Income-tax Act, 1961 should be calculated where
an assessee possessed available MAT Credit under Section 115...
Commissioner of Income Tax vs. J.K. Synthetics Limited | Capital vs Revenue Expenditure on Technical Know-How and License Fees under Section 37 | Delhi High Court Case Law
Facts of the Case
The
Assessee's Business: The assessee, M/s J.K. Synthetics
Limited, was a well-established manufacturer of synthetic fibers and had
been operating in this line of business since 1962...
Commissioner of Income Tax, Delhi-IV, New Delhi v. Indian Railway Construction Co. Ltd. | Deduction under Sections 80HH and 80-I – Whether Railway Track Construction Constitutes Manufacturing or Production of Articles
Facts of the
Case
Indian Railway Construction Company Ltd. (IRCON), a public sector
undertaking under the Ministry of Railways, was engaged in manufacturing a
large number of railway-related products, incl...
Commissioner of Income Tax v. J.K. Synthetics Limited: Distinction Between Capital and Revenue Expenditure for Technical Know-How Licence and Personnel Training Fees under Section 37
Facts of the Case
The
Agreements: The assessee (M/s J.K. Synthetics Limited)
entered into a technical collaboration agreement with M/s Technimont
(Italy) for the manufacture of Acrylic Fibre. It also ...
Commissioner of Income Tax, Delhi-IV, New Delhi vs. Indian Railway Construction Co. Ltd. | Delhi High Court | Sections 80HH, 80-I & 263 of the Income-tax Act, 1961
Facts of the
CaseIndian Railway Construction Company Ltd. (IRCON)
was engaged in the manufacture of a large number of railway-related products,
including sleepers, panels, columns, girders, structures, assemblies,
si...
Commissioner of Income Tax, Delhi vs. R.K. Dhawan: Whether Profit from Sale of Share Portfolio Held as Investment Since 1980 Can Be Reclassified as Business Income Under Section 28 vs. Long-Term Capital Gains Under Section 45 of the Income Tax Act, 1961 Where Separate Accounts Are Maintained
Facts of the Case
The
respondent-assessee had been continuously investing in shares from the
year 1980 up until the assessment year (AY) 1990-91.
During
the relevant assessment year 1992-93, the as...
Commissioner of Income Tax, Delhi-IV v. Indian Railway Construction Company Ltd. (IRCON): Delhi High Court on Sections 80HH and 80-I Deductions, Manufacture vs Construction, and the Impact of N.C. Budharaja
Facts of the
CaseIndian Railway Construction Company Ltd. (IRCON), a
public sector undertaking under the Ministry of Railways, was engaged in manufacturing
a large number of railway-related products and components suc...