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No Accrual of Income Without Entitlement to Administrative Charges on Residential Quarters – HOUSING & URBAN DEVELOPMENT CORPORATION LTD. vs ADDITIONAL COMMISSIONER OF INCOME TAX | Delhi High Court
Facts of the CaseThe assessee, Housing
& Urban Development Corporation Limited (HUDCO), a Public Sector
Undertaking, filed its return of income for Assessment Year 2002-03. During
scrutiny assessment, the Assessin...
Commissioner of Income Tax vs. M/S Vodafone Essar South Ltd. (ITA No. 594/2014): Analysis of Network Repair, Maintenance Provisions & Brand Launch Expenses - Income Tax Act, 1961, Section 37(1)
Facts of the Case:
The petitioner, Commissioner of Income Tax, challenged the Income Tax Appellate
Tribunal (ITAT) decision that allowed M/S Vodafone Essar South Ltd.'s
provisions for network repair and maintenance co...
Director of Income Tax (E) vs Indo French Centre for Promotion of Advanced Research ITA Nos. 427/2014 & 428/2014 – High Court of Delhi, Judgment Date: October 30, 2014
Facts of the Case:
Indo
French Centre for Promotion of Advanced Research
(hereafter referred to as "the Centre") was formed jointly by
the Government of India and the Government of France in accordanc...
Standard Chartered Grindlays Pvt. Ltd. vs. Dy. Director of Income Tax (International Taxation): Quashing of Section 148 Notice for Lack of Non-Disclosure
Facts of the CaseThe petitioner, Standard Chartered Grindlays Pvt. Ltd.,
challenged a notice issued under Section 148 of the Income Tax Act,
1961, dated March 28, 2013, for the Assessment Year 2006-07. The
original as...
Moradabad Toll Road Co. Ltd. vs. Assistant Commissioner of Income Tax: Whether Toll Roads Qualify as ‘Plant’ or ‘Building’ for Depreciation under Section 32 of the Income Tax Act
Facts of the CaseThe Appellant, Moradabad Toll Road Co. Ltd., is a 100%
subsidiary of the National Highways Authority of India (NHAI). It was
established specifically to construct a 18.2 km highway and bypass at Morada...
CIT vs. M/S Industrial Finance Corporation of India Ltd.: Computation of Section 80M Deductions and Amortization of Leasehold Expenses
Facts of the CaseThe respondent-assessee, M/S Industrial Finance Corporation of
India Limited, filed its return for Assessment Year 1986-87, which was assessed
under Section 143(3) of the Income Tax Act, 1961. The asse...
UCO Bank vs. Union of India & Ors. : Applicability of TDS on Interest Accrued on Court-Ordered Fixed Deposits under Section 194A
Facts of the CaseThe petitioner, UCO Bank, held several Fixed Deposits (FDs) in
the name of the Registrar General of the Delhi High Court. These
deposits were made pursuant to court orders in various litigations where ...
Commissioner of Income Tax, Central-I, New Delhi vs. Shailendra Mahato, Simon Marandi, Jharkhand Mukti Morcha, Shibu Soren, and Suraj Mandal (2014:DHC:5900-DB)
Facts of the Case:
Search
warrants were executed on April 26, 1996, at Punjab National Bank, Naoroji
Nagar, New Delhi.
The
search uncovered multiple Savings Bank (SB) accounts and Fixed Deposit
...
Om Fincap Pvt. Ltd. & Ors. vs. Commissioner of Income Tax: Quashing of Search Proceedings Due to Mistaken Identity under Section 132
Facts of the
CaseThe Income Tax
Department initiated search operations on 23.05.2013 at the residential
and office premises of the petitioners. The department believed the petitioner,
Mr. Om Prakash Dhingra, was a di...
High Court Quashes Income Tax Search Operations Due to Mistaken Identity: Om Prakash Dhingra vs. CIT Section 132
Facts of the CaseThe case involved three interconnected writ petitions filed by
Om Prakash Dhingra, his son Pawan Kumar Dhingra, and their company, Om Fincap
Private Limited. The Income Tax Department had issued a warr...