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M/s York Exports (P) Limited vs. Commissioner of Income Tax, Delhi-III, Extension of Time under Section 80HHC(2)(a) for Realisation of Export Proceeds due to Reasons Beyond Control
Facts of the Case
Assessee
Profile: The petitioner, M/s York Exports (P)
Limited, is a limited company engaged in the manufacture and export of
woolen and cotton hosiery goods.
Export
Specifi...
Woodward Governor India Ltd. vs. Commissioner of Income Tax: Legality and Quantum of Warranty Provision Deductions under Section 37(1) of the Income Tax Act
Facts of the Case
Appellate
and Assessment Year: The appellant, Woodward Governor India
Ltd., filed an appeal concerning the Assessment Year 2006-07.
Disallowance
of Expenses: The Income Tax ...
M/s Kostub Investment Ltd. v. Commissioner of Income Tax – Allowability of Employee Higher Education Expenses as Business Expenditure under Section 37(1) of the Income Tax Act, 1961
Facts of the CaseThe assessee, M/s Kostub Investment Ltd., filed its income tax
return for Assessment Year 2006–07 declaring losses under the normal provisions
and book profits under Section 115JB of the Income...
INCOME TAX LITIGATION: COMMISSIONER OF INCOME TAX vs. M/S PRAKASH TUBES LIMITED — MODE OF COMPUTATION OF BOOK PROFITS AND CARRY FORWARD OF UNABSORBED LOSSES UNDER SECTION 115-J
Facts of the CaseThe respondent-assessee, a limited company, filed its income
tax return for the Assessment Year 1989-90 declaring an income of ₹91,25,683
under Section 115-J of the Income Tax Act, 1961. The as...
Commissioner of Income Tax, Circle-18(1) vs M/s Urban Mass Transit Ltd. – Allowability of Business Expenditure under Section 35D and Deduction of Interest & Professional Fees after Commencement/Setting-Up of Business
Facts of the CaseM/s Urban Mass Transit Ltd., a public limited company and
joint venture enterprise involving the Central Government, the State of Andhra
Pradesh, State Transport Service Operators and Infrastructure Le...
Woodward Governor India Ltd. vs. Commissioner of Income Tax: Allowability of Provision for Warranty under Section 37(1) of the Income Tax Act, 1961
Facts of the Case
The
appellant, Woodward Governor India Ltd., filed an appeal regarding the
Assessment Year 2005-06.
The
central dispute arose from the assessee debiting an amount of Rs.
...
Acorus Unitech Wireless Private Limited vs Assistant Commissioner of Income Tax | Delhi High Court | Reassessment under Sections 147, 148 & Section 28(iv) of Income Tax Act – Disclosure of Material and Escaped Income Principles
Facts of the CaseAcorus Unitech Wireless Private Limited filed its income tax
return for Assessment Year 2009-10 declaring nil income. The return was
processed under Section 143(1) without issuance of notice under Sect...
G.S. Engineering & Construction Corporation vs. Deputy Director of Income Tax, Section 147 ,Circle 1(2), International Taxation, New Delhi & Ors.
Facts of the Case
The
petitioner, G.S. Engineering & Construction Corporation (formerly
known as LG Engineering & Construction Corporation), is a non-resident
foreign company incorporated in K...
Surinder Madan vs. Assistant Commissioner of Income Tax: Expenditure on Total Replacement of Flooring with Marble – Capital vs. Revenue Expenditure under Section 30(a)(ii)
Facts of the Case
Assessee
Profile & Assessment Year: The appellant (assessee),
an individual engaged in the garment export business, challenged the
assessment order relating to the Assessme...
Deputy Director of Income Tax (E), Investigation Circle-II vs Petroleum Sports Promotion Board | Delhi High Court | Allowability of Sports Promotion Expenditure under Sections 57(iii), 11, 12A and 10(23C) of Income Tax Act
Facts of the CaseThe assessee, Petroleum Sports Promotion Board (PSPB), was a
society established for promotion of sports activities and was registered under
the Societies Registration Act. For Assessment Year 2003-04,...