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Commissioner of Income Tax vs. M/s. HCL Info System Ltd.: Tax Deduction at Source (TDS) Obligations and Bona Fide Estimations on Leave Travel Allowance (LTA) under Section 10(5) of the Income Tax Act, 1961.
Facts of the CaseThe assessee, M/s. HCL Info System Ltd., deals in computer
hardware and is responsible for deducting tax at source (TDS) on employee
salaries. Following a survey under Section 133A of the Income-tax Ac...
Commissioner of Income Tax vs. M/S Basi Agricultural Farm Pvt. Ltd. & Ors.: Penalty under Section 271(1)(c) for Concealment Regardless of Assessed Loss
Facts of the CaseThe
Income Tax Appellate Tribunal (ITAT) had deleted penalties imposed under Section
271(1)(c) for various assessees, reasoning that if the final assessment
results in a "loss" instead of a "positive ...
Commissioner of Income Tax vs. M/s LG Electronic (India) Limited: Distinction Between 'Setting Up' and 'Commencement' of Business for Tax Deductions under Section 3(1) of the Income Tax Act, 1961
Facts of the CaseThe respondent, M/s LG Electronic (India) Limited, claimed a
deduction for various business expenses, including traveling, conveyance, rent,
telephone, brokerage, and sales promotion. The Assessing Off...
Commissioner of Income Tax v. Jagan Lamps Limited: Applicability of Penalty under Section 271(1)(c) for Concealed Income in Loss Scenarios
Facts of the CaseThe
matter involved a batch of appeals filed by the Revenue against orders passed
by the Income Tax Appellate Tribunal (ITAT). The common factual scenario across
these cases was that the assessee had ...
Commissioner of Income Tax vs. M/s. Hindustan Cycles & Tubes Ltd.: Limitations of Rectification Powers Under Section 154
Facts of the CaseThe assessee, M/s. Hindustan Cycles & Tubes Ltd., filed
its return for the assessment year 1992-93, which was initially completed under
Section 143(3) of the Income-tax Act, 1961. Subsequently, the...
Commissioner of Income Tax vs. M/s. Ashoka Mercantile Ltd.: Clarifying Bona Fide Withdrawal of Claims and Penalty Proceedings under Section 271(1)(c)
Facts of the CaseThe assessee, M/s. Ashoka Mercantile Ltd., claimed
depreciation on a property located at 53, Friends Colony, New Delhi, for the
assessment years 1995-96 and 1996-97, asserting it was used for business
...
Commissioner of Income Tax v. M/S Saxons Farms & Others: Penalty Under Section 271(1)(c) Applicable Even When Assessed Income Is A Loss
Facts of the CaseThis
batch of appeals concerns various assessees who filed income tax returns
declaring a loss. During assessment proceedings, the Assessing Officer (AO)
determined that the assessees had concealed pa...
Commissioner of Income Tax vs. Mrs. Kumkum Kohli: Taxability of Disclosed Income Under Block Assessment (Chapter XIV-B)
Case FactsA search and seizure operation under Section 132 of the
Income-tax Act, 1961, was conducted at the residential premises of the
assessee, Mrs. Kumkum Kohli, on September 15, 1995. Subsequently, the Assessing
...
Commissioner of Income Tax v. M/S Bharat Hotels Ltd. & Others: Penalty for Concealment in Loss Scenarios | Section 271
Facts of the CaseThe
Revenue challenged orders passed by the Income Tax Appellate Tribunal (ITAT),
which had deleted penalty proceedings initiated under Section 271(1)(c). In
these cases, the assessees had filed retur...
M/s Hind Pocket Books Pvt. Ltd. v. Commissioner of Income Tax – Maintainability of Writ Petition When Statutory Appellate Remedy and Stay Application Are Pending | Delhi High Court
Facts of the
CaseThe petitioner, M/s Hind Pocket Books Pvt. Ltd.,
approached the Delhi High Court under Article 226 of the Constitution
challenging actions taken by the Income Tax Department concerning recovery
proce...