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Commissioner of Income Tax vs. M/s Delta Foods Pvt. Ltd.: Revenue vs. Capital Expenditure on Factory Repairs under Section 37(1)
Facts of the Case
The
Assessment Context: The dispute arose during the
assessment proceedings for the assessment year 1997-98. The
respondent-assessee, M/s Delta Foods Pvt. Ltd., filed its regular ret...
Commissioner of Income Tax vs. M/S Tools India P. Ltd. | Penalty u/s 271(1)(c) on Loss Assessments & Precedent of Aditya Chemicals
Facts of the Case
The
ITAT Ruling: The dispute originated when the Income Tax
Appellate Tribunal (ITAT) passed an order in favor of the
respondent-assessee, M/S Tools India P. Ltd., effectively deleti...
Commissioner of Income Tax vs Bharat Gears Ltd. – Whether Excise Duty is to be Excluded from Total Turnover for Deduction under Section 80HHC of the Income-tax Act, 1961
Facts of the CaseThe appeal was filed by the Revenue before the Delhi High
Court against the order of the Income Tax Appellate Tribunal (ITAT). The
dispute concerned the computation of deduction under Section 80HHC of ...
Commissioner of Income Tax vs. M/S Tools India P. Ltd. | Penalty u/s 271(1)(c) on Loss Assessments & Precedent of Aditya Chemicals
Facts of the Case
The
ITAT Ruling: The dispute originated when the Income Tax
Appellate Tribunal (ITAT) passed an order in favor of the
respondent-assessee, M/S Tools India P. Ltd., effectively deleti...
Commissioner of Income Tax Vs. M/s. Mittal Corporation: Whether Commission Earned by Buying Agents from Foreign Enterprises via Commercial Knowledge and Experience is Eligible for Tax Deduction Under Section 80-O of the Income Tax Act, 1961, Independent of Rendering Technical Services
FACTS OF THE CASE
The
Respondent-Assessee (M/s. Mittal Corporation) is a registered partnership
firm resident in India acting as buying agents for foreign business
enterprises, namely M/s. G.J. Coles ...
Commissioner of Income Tax vs. M/s. Mittal Corporation: Interpretation of Section 80-O of the Income Tax Act, 1961 Regarding Deductions on Commission Earned from Foreign Enterprises for Providing Commercial Knowledge, Experience, and Skill
Facts of the Case
The
respondent-assessee, M/s. Mittal Corporation, is a registered partnership
firm and a resident in India.
The
assessee acted as a buying agent for foreign enterprises, specifica...
Commissioner of Income Tax, Delhi-II, Delhi vs. M/s Mayar India Limited: Jurisdictional Mandate of Recording Prior Satisfaction in the Assessment Order under Section 271 of the Income Tax Act, 1961 as a Prerequisite Condition for the Lawful Initiation of Penalty Proceedings
Facts of the Case
The
Assessment and Penalty Initiation: The matter originated
from assessment proceedings conducted by the Assessing Officer (AO)
against the assessee, M/s Mayar India Limited. While ...
Commissioner of Income Tax v. M/s Tigar Corporation Pvt. Ltd. – Penalty under Section 271(1)(c) on Assessed Loss Cases | Delhi High Court (ITA No. 482/2006)
Facts of the CaseThe Revenue challenged the order of the Income Tax Appellate
Tribunal (ITAT) whereby the Tribunal had deleted the penalty imposed under
Section 271(1)(c) of the Income-tax Act, 1961. The Tribunal had t...
M/S GKN Driveline (India) Ltd. Versus Commissioner of Income-Tax, Delhi IV — Whether Rental Expenditure Incurred on Maintaining a Transit Guest House is Mandatorily Disallowed Under the Non-Obstante Provisions of Section 37(4) of the Income-Tax Act, 1961, Overriding the General Deduction Provisions for Business Premises Under Section 30
Facts of the CaseThe assessee, M/s GKN Driveline (India) Ltd., incurred an
expenditure of ₹3,07,167/- towards rent for an accommodation maintained and
utilized as a "transit house" (guest house) during the assessment...
Saswati Dev vs Commissioner of Income Tax, Delhi – Burden of Proof to Rebut Presumptive Income Under Section 44AE of the Income-tax Act, 1961
Facts of the CaseThe assessee, Saswati Dev, was engaged in the business of
operating goods carriages. During assessment proceedings, the assessee claimed
that the actual income earned from the goods carriage business w...