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Commissioner of Income Tax, Delhi-V vs M/s Ritesh Industries Ltd. – Whether Duty Drawback Qualifies as Profits Derived from an Industrial Undertaking for Deduction under Section 80-I of the Income-tax Act, 1961 | Delhi High Court
Facts of the
CaseThe Revenue filed an appeal under Section 260A of
the Income-tax Act, 1961 before the Delhi High Court challenging the
eligibility of deduction under Section 80-I on the amount received by the
assess...
UCO Bank v. Deputy Commissioner of Income Tax & Another (Delhi High Court) – Recovery Proceedings under Section 226(3) of the Income-tax Act During Pendency of Related Proceedings Before Bombay High Court
Facts of the CaseUCO Bank filed a writ petition under Article 226 of
the Constitution seeking a direction that the Deputy Commissioner of Income Tax
should not proceed with a communication/notice dated 28.12.2004 issue...
Commissioner of Income Tax, Delhi-VIII vs M/s SAE Head Office Monthly Paid Employees Welfare Trust & Connected Appeals – Taxability of Discretionary Welfare Trusts, Status of Assessee, Deduction under Section 80L and Applicability of Maximum Marginal Rate under Sections 161 & 164 of the Income-tax Act, 1961 | Delhi High Court
Facts of the
CaseThe Revenue filed multiple appeals under Section
260A of the Income-tax Act, 1961 against various welfare trusts established for
the benefit of employees of SAE entities. The principal controversy aro...
Commissioner of Income Tax-VI v. M/s Vikas Promoters Pvt. Ltd. (2005) – Penalty under Section 271(1)(c) Invalid Without Recorded Satisfaction in Assessment Order
Facts of the
CaseThe Assessing Officer completed the assessment of
the respondent-assessee under Section 143(3) of the Income-tax Act, 1961. While
passing the assessment order, the Assessing Officer disallowed certain...
Commissioner of Income Tax, Delhi v. Ramesh Arora (2005) – Section 260A Appeal on Rejection of Books of Account, Estimation of Gross Profit and Scope of Substantial Question of Law
Facts of the
CaseThe Revenue filed an appeal under Section 260A of
the Income-tax Act, 1961 against the order of the Income Tax Appellate Tribunal
(ITAT) relating to Assessment Year 1996-97. The Assessing Officer had ...
Commissioner of Income Tax v. Globe Sales Corporation (Delhi High Court) – Penalty under Section 271(1)(c) Cannot Be Sustained Without Proper Satisfaction Recorded by the Assessing Officer
Facts of the
CaseThe assessee, M/s Globe Sales Corporation,
filed its return of income for Assessment Year 1992-93 on 27 August 1992
declaring total income of Rs. 91,120. Upon scrutiny, the Assessing Officer
complete...
Commissioner of Income Tax v. M/s India Lease Development Ltd. (2005) – Section 68 of the Income-tax Act, 1961 – Addition on Account of Unexplained Cash Credits and Share Capital – Delhi High Court
Facts of the
CaseThe Revenue filed an appeal before the Delhi High
Court challenging the order dated 23 July 2003 passed by the Income Tax
Appellate Tribunal (ITAT) in ITA No. 2446/Delhi/1999 pertaining to Assessment
...
Paragon Constructions (India) Pvt. Ltd. vs Commissioner of Income Tax, Delhi-V & Another – Taxability of Interest Earned on Amount Withdrawn Against Bank Guarantee Under Mercantile System | Sections 4 & 260A of the Income-tax Act, 1961
Facts of the
CaseParagon Constructions (India) Pvt. Ltd. entered
into a contract with the New Delhi Municipal Committee (NDMC). Disputes arose
regarding implementation of the contract and alleged defaults by NDMC. The...
Director of Income Tax (Exemption) v. Indo Soviet Medical & Research Centre – Section 260A Income-tax Act, 1961 | No Substantial Question of Law Arises Due to Earlier Dismissal of Identical Appeals
Facts of the
CaseThe Revenue, through the Director of Income Tax
(Exemption), filed an appeal under Section 260A of the Income-tax Act, 1961
challenging the order of the Income Tax Appellate Tribunal (ITAT) dated 30
...
Commissioner of Income Tax, Delhi VIII vs Sh. P.V. Kumar – Ex Parte ITAT Order Set Aside for Want of Proper Service of Notice | Assessment Year 1994-95
Facts of the
CaseThe Revenue filed an appeal before the Delhi High
Court against the order passed by the Income Tax Appellate Tribunal (ITAT)
relating to Assessment Year 1994-95.The Tribunal had proceeded to dispose o...