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Commissioner of Income Tax vs. Assessee Manufacturing Toners and Developers – Foreign Exchange Fluctuation Loss on External Commercial Borrowing Allowable as Revenue Expenditure | Delhi High Court
Facts of the CaseThe assessee was engaged in the business of manufacturing
toners and developers. For its project activities, it had initially availed
term loans from banks and financial institutions. The interest liab...
Commissioner of Income Tax vs. M/s Bharat Hotels Limited (Delhi High Court) – Penalty under Section 271(1)(c) Cannot Be Sustained Without Recorded Satisfaction of Assessing Officer
Facts of the Case
The Assessing Officer levied penalty under Section 271(1)(c) of the
Income Tax Act against M/s Bharat Hotels Limited for Assessment Years
1995-96 and 1996-97.
The Commissioner of Income ...
A. B. Hotels Limited vs Commissioner of Income Tax [Delhi High Court] – Scope of Rectification under Section 254(2) and Levy of Interest under Sections 201(1) & 201(1A) of the Income-tax Act, 1961
Facts of the CaseA batch of eight appeals arose from a common order of the
Income Tax Appellate Tribunal dated 15.06.2007 passed in Miscellaneous
Application No. 328/Del/2006 relating to Financial Years 1994-95 to 2000...
Birla Vidya Niketan v. Income Tax Officer | Delhi High Court on Taxability of Concessional Education Facilities to Employees’ Children under Rule 3(5) and Sections 201(1) & 201(1A) of the Income-tax Act
Facts of the
CaseBirla Vidya Niketan, a public school run by a
registered society, provided concessional educational facilities to the
children of its teachers and other employees. During an examination of the
school...
Birla Vidya Niketan v. Income Tax Officer | Delhi High Court on Taxability of Concessional Educational Facilities Provided to Employees’ Children under Rule 3(5) and Sections 201(1), 201(1A) of the Income-tax Act
Facts of the
CaseThe assessee, Birla Vidya Niketan, is a public
school run by a registered society. During examination of its books of account
for the financial years commencing from 2000-01, the Income Tax Department...
A.B. Hotels Ltd. vs Commissioner of Income Tax (Delhi High Court) – Rectification under Section 254(2), TDS Default under Section 201(1), and Interest Liability under Section 201(1A) of the Income-tax Act, 1961
Facts of the Case
The
assessee, A.B. Hotels Ltd., filed appeals arising from a common order of
the Income Tax Appellate Tribunal relating to multiple financial years
from 1994-95 to 2001-02.
E...
A. B. Hotels Limited vs Commissioner of Income Tax | Delhi High Court | Sections 201(1), 201(1A) & 254(2) of the Income-tax Act, 1961
Facts of the CaseA batch of eight appeals arose from a common order passed by
the Income Tax Appellate Tribunal on a Miscellaneous Application filed by the
Revenue under Section 254(2) of the Income-tax Act.The Revenue...
A. B. Hotels Limited v. Commissioner of Income Tax – Rectification of Tribunal Order under Section 254(2) and Liability for Interest under Sections 201(1) & 201(1A) of the Income Tax Act, 1961 | Delhi High Court
Facts of the CaseThe present matter arose from a batch of eight appeals filed
by A. B. Hotels Limited against a common order passed by the Income Tax
Appellate Tribunal (ITAT) dated 15.06.2007 in Miscellaneous Applicat...
A. B. Hotels Limited vs Commissioner of Income Tax (Delhi High Court) – Section 201(1), Section 201(1A) & Section 254(2) of the Income Tax Act, 1961
Facts of the CaseA batch of eight appeals arose from a common order passed by
the Income Tax Appellate Tribunal concerning various financial years from
1994-95 to 2001-02.The Revenue had filed a Miscellaneous Applicati...
A. B. Hotels Limited vs Commissioner of Income Tax | Section 201(1), Section 201(1A) & Section 254(2) of the Income Tax Act, 1961 – Rectification of Tribunal Order and Liability for Interest on TDS Default
Facts of the CaseThe appeals arose from a common order passed by the Income Tax
Appellate Tribunal on a miscellaneous application filed by the Revenue under
Section 254(2) of the Income Tax Act, 1961.Earlier, by order ...