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Commissioner of Income Tax-IV vs Holcim India Pvt. Ltd. | Section 14A Disallowance Not Applicable Where No Exempt Income Earned | Delhi High Court
Facts of the Case
The respondent-assessee, Holcim India Pvt. Ltd., was
incorporated as a holding company for making downstream investments in cement
manufacturing companies in India. The company had acquired s...
Commissioner of Income Tax Delhi XVII vs M/s Babcock Power (Overseas Projects) Ltd. | Section 192 & Section 201(1A) TDS Interest on Foreign Employees Salary | Delhi High Court
Facts of the CaseThe respondent assessee, M/s Babcock Power (Overseas Projects)
Ltd., a non-resident company incorporated in the United Kingdom, had
established a project office in India during Assessment Years 1987-88...
Commissioner of Income Tax, Delhi vs. Subhash Chand Rastogi | Section 80HHC Deduction on Export of Zinc Oxide Through Nepal to Hong Kong – Whether Zinc Oxide is a Mineral under Income Tax Act
Facts of the CaseThe respondent-assessee filed return of income for Assessment
Year 1991-92 declaring taxable income after claiming deduction of Rs.
45,51,898/- under Section 80HHC on export of Zinc Oxide.The Assessing...
"Commissioner of Income Tax -X vs. Smt. Achila Sabharwal | ITA 501/2014 | Delhi High Court Ruling on Depreciation Claim for Cinematographic Films and Distribution Rights under Section 32 & Rule 9B"
Facts of the Case:The appeal involves the Commissioner of Income Tax challenging
the Income Tax Appellate Tribunal’s decision in favor of Smt. Achila Sabharwal,
the respondent, concerning the assessment for the year ...
"Commissioner of Income Tax vs. M/s The Oriental Insurance Co. Ltd. (ITA No. 586/2014): Penalty for Concealment of Chargeable Interest Under Interest Tax Act, 1974 - Assessment Year 1992-93
Facts of the Case:The appellant, Commissioner of Income Tax (CIT),
challenged the decision of the Income Tax Appellate Tribunal (ITAT) that upheld
the order of the Commissioner of Income Tax (Appeals) deleting a penalt...
"Commissioner of Income Tax-IV vs M/S. Faith Biotech Pvt. Ltd. – Tax Deduction Under Section 80-IC for Manufacturing Activities (2014)"
Facts of the Case:In the case of Commissioner of Income Tax-IV vs M/S. Faith
Biotech Pvt. Ltd., the Revenue filed appeals against the
respondent-assessee concerning Assessment Years 2006-07, 2008-09, and 2009-10.
The ...
Commissioner of Income Tax-III vs M/s Spank Hotels Ltd. | Disallowance of Director’s Salary under Section 40A(2)(b) of the Income Tax Act – Delhi High Court
Facts of the CaseThe assessee company filed its return of income for Assessment
Year 2009-10 declaring taxable income of Rs. 4,46,22,010/-.During assessment proceedings, the Assessing Officer observed
that the assessee...
Commissioner of Income Tax-X vs. Smt. Paramjeet Luthra – Deferred Maintenance Income, Matching Principle & Section 68 Addition Deleted | Delhi High Court
Facts of the Case
The
assessee was engaged in liaisoning work relating to supply, installation
and maintenance of medical equipment in government hospitals.
The
assessee received commission income ...
A.T. Kearney India Ltd. vs Income Tax Officer Ward 1(1), New Delhi – Reassessment under Section 148 Cannot Survive When Basis of Reopening Fails | Delhi High Court
Facts of the Case
The
petitioner, A.T. Kearney India Ltd., was issued a notice under Section 148
for reopening assessment for AY 2008-09.
The
reopening was based upon findings recorded during scrut...
Commissioner of Income Tax-VI vs. M/s T.S. Kishan & Co. Ltd. – Addition under Section 68 on Unexplained Cash Credits, Identity, Creditworthiness & Genuineness of Unsecured Loans | Delhi High Court
Facts of the CaseThe assessee, M/s T.S. Kishan & Co. Ltd., filed its return
declaring a loss of ₹44,70,307/-. During scrutiny assessment proceedings, the
Assessing Officer noticed unsecured loans amounting to ₹...