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Commissioner of Income Tax vs. Hari Chand Shri Gopal: Disallowance of Brand Building Expenses under Section 37(1) vs. Subjective Reasonableness
Facts of the CaseThe respondent, an individual, was subjected to proceedings
under Section 153C of the Income Tax Act, 1961, following a search and
seizure operation on the Gopal Zarda group. During the assessment year...
Director of Income Tax (Exemption) vs. M/S Indraprastha Cancer Society (2014) | Section 11 - Depreciation Claim on Capital Assets
Facts of the CaseThe respondent-assessees are charitable institutions governed
by Sections 11 to 13 of the Income Tax Act, 1961. The institutions purchased
capital assets and treated the expenditure incurred on these p...
Commissioner of Income Tax-II vs. JDS Apparels Private Limited: Applicability of Section 194H on Credit Card Commission
Facts of the CaseThe respondent-assessee, JDS Apparels Private Limited,
is engaged in the business of trading readymade garments. During the assessment
year 2009-10, the assessee utilized card swiping machines provided...
CIT-VI vs. Valvoline Cummins Ltd.: Reassessment Cannot Be Based on Mere Suspicion of "Unascertained Liability" Under Section 147
Facts of the CaseThe respondent-assessee, Valvoline Cummins Ltd.,
filed its return of income for the assessment year 2006-07 on November 30,
2006, declaring an income of ₹9,52,15,517. The assessment was initially
co...
Commissioner of Income Tax vs. Jubilant Offshore Drilling Pvt Ltd: Business Commencement vs. Production Phase under Section 35D
Facts of the CaseThe respondent-assessee, Jubilant Offshore Drilling Pvt
Ltd, was incorporated in March 2004 to engage in oil and gas exploration.
During the Assessment Year 2008-09, the Assessing Officer (AO) disallow...
Naresh Trehan vs. Rakesh Kumar Gupta: Delhi High Court Ruling on Disclosure of Income Tax Returns Under RTI Act, 2005
Facts of the CaseThe respondent, Rakesh Kumar Gupta, acting as an informer to
the Income Tax Department, filed an RTI application seeking inspection of all
records and documents related to eight assessees (including Dr...
Commissioner of Income Tax-21 vs. Mr. Sarkar Nath Oberoi: Retrospective Applicability of Section 40(a)(ia) and Higher Depreciation on Commercial Vehicles
Facts of the CaseThe appellant (Revenue) challenged the order of the Income
Tax Appellate Tribunal regarding two primary disputes in the assessment of the
respondent (Assessee). The first dispute arose from the Assessi...
Commissioner of Income Tax vs. Discovery Communication India: Deductibility of Advertisement Expenses under Section 37(1)
Facts of the CaseThe respondent-assessee, Discovery Communication India,
is a subsidiary of foreign entities and is engaged in the distribution,
marketing, and production of satellite television programs for channels l...
Balasubramanian Ramachandran vs. Income Tax Officer: Reopening of Assessment Beyond Four Years Under Section 147 Without Failure to Disclose Material Facts
Facts of the CaseThe
petitioner, Balasubramanian Ramachandran, challenged a notice issued under Section
148 of the Income Tax Act, 1961, dated 28.03.2012. This notice sought to
reopen the assessment for the Assessment...
Commissioner of Income Tax-VI vs. Taikisha Engineering India Ltd.: Application of Section 14A and Rule 8D for Disallowance of Expenditure on Exempt Income
Facts of the Case The Revenue filed two
appeals regarding assessment years 2008-09 and 2009-10. In AY 2008-09, Taikisha
Engineering India Ltd. (the Respondent) declared a total taxable income of
₹31,14,68,297 a...