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Commissioner of Income Tax v. M/s Cosmo Audio & Video Enterprises – Penalty under Section 271(1)(c) on Assessed Loss/Negative Income | Delhi High Court
Facts of the
CaseThe Revenue filed an appeal before the Delhi High
Court challenging the order of the Income Tax Appellate Tribunal (ITAT), which
had deleted the penalty imposed under Section 271(1)(c) of the Income-t...
Commissioner of Income Tax, Delhi vs M/s Brawn Pharmaceutical Pvt. Ltd. – Penalty Under Section 271(1)(c) Can Be Levied Even Where Assessed Income Remains a Loss
Facts of the CaseThe Revenue challenged the order of the Income Tax
Appellate Tribunal (ITAT), which had deleted the penalty imposed under Section
271(1)(c) of the Income-tax Act, 1961. The Tribunal proceeded on the ba...
The Commissioner of Income Tax vs. M/s. Usha Stud & Agricultural Farms Pvt. Ltd. — Whether the Revenue Can Reject a Consistently Followed Method of Accounting and Livestock Stock Valuation under Section 145 of the Income Tax Act when No Prejudice is Caused to the Department and the Entire Sale Consideration is Offered as Taxable Income: Question of Fact vs. Question of Law.
Facts of the Case
The
respondent-assessee is a private limited company engaged in the commercial
business of breeding and maintaining horses, alongside running
agricultural activities whose produce is...
Commissioner of Income Tax, Delhi v. M/s Brawn Pharmaceutical Pvt. Ltd. – Penalty under Section 271(1)(c) on Assessed Loss Cases after Insertion of Explanation 4 | Delhi High Court (2005)
Facts of the
CaseThe Revenue challenged the order of the Income Tax
Appellate Tribunal (ITAT), which had deleted the penalty imposed under Section
271(1)(c) of the Income-tax Act, 1961. The Tribunal had taken th...
Commissioner of Income Tax v. M/s Autodecor Pvt. Ltd. (2005) – Penalty under Section 271(1)(c) on Assessed Loss Cases after Explanation 4 to Section 271(1)(c) | Delhi High Court
Facts of the CaseThe Revenue filed an appeal before the Delhi High
Court challenging the order of the Income Tax Appellate Tribunal (ITAT), which
had deleted the penalty imposed under Section 271(1)(c) of the Inc...
Commissioner of Income Tax v. M/s Autodecor Pvt. Ltd. (2005) – Penalty under Section 271(1)(c) on Assessed Loss Cases after Explanation 4 to Section 271(1)(c) | Delhi High Court
Facts of the CaseThe Revenue filed an appeal before the Delhi High
Court challenging the order of the Income Tax Appellate Tribunal (ITAT), which
had deleted the penalty imposed under Section 271(1)(c) of the Inc...
Comprehensive Case Analysis: Commissioner of Income Tax vs. M/s. Usha Stud & Agricultural Farms Pvt. Ltd. (With ITA No. 106/2003 - CIT vs. Ameeta Mehra) on Stock Valuation of Livestock under Section 145 and Factual Determinations in Assessment
Facts of the Case
The
respondent-assessee (M/s. Usha Stud & Agricultural Farms Pvt. Ltd.)
is a private limited company engaged in the business of breeding and
maintaining horses, alongside underta...
Commissioner of Income Tax v. M/s C.G. Schlumberger Electricity – Penalty under Section 271(1)(c) on Assessed Losses and Applicability of Explanation 4 to Section 271(1)(c) | Delhi High Court
Facts of the CaseThe Revenue filed an appeal before the Delhi High
Court challenging the order of the Income Tax Appellate Tribunal (ITAT), which
had deleted the penalty imposed under Section 271(1)(c) of the Income-ta...
M/s GKN Driveline India Ltd. vs Commissioner of Income Tax, Delhi – Assessment Year 1995-96 | Delhi High Court Dismisses Revenue Appeal Following Earlier Decision
Facts of the
CaseM/s GKN Driveline India Ltd. filed the present
appeal before the Delhi High Court concerning the Assessment Year 1995-96. The
matter came up for consideration before the Division Bench of the High Cou...
Commissioner of Income Tax vs. M/s. Usha Stud & Agricultural Farms Pvt. Ltd. (2005): Valuation of Livestock Stock-in-Trade and Admissibility of Consistency in Method of Accounting under the Income Tax Act
Facts of the Case
The
respondent-assessee is a private limited company engaged in the business
of breeding and maintaining horses, alongside running concurrent
agricultural activities to produce feed ...