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MAT Credit Set-Off Before Interest Calculation: Delhi High Court Ruling in Commissioner of Income Tax v. Jindal Exports Limited
Facts of the CaseThe core dispute involved the timing of setting off Minimum
Alternate Tax (MAT) credit available under Section 115JAA of the Income
Tax Act. The Revenue (Appellant) contended that interest under Sectio...
CIT-XIII vs Taniya Construction Co. | Filing of Audit Report During Assessment Proceedings Satisfies Requirement under Section 80HHB of the Income Tax Act – Delhi High Court
Facts of the Case
The assessee claimed deduction under Section 80HHB of the Income
Tax Act, 1961.
The prescribed certificate was filed along with the return of
income.
The audit report was not filed alo...
Commissioner of Income Tax vs. Various Respondents: Judicial Dismissal of Appeals as Academic Post-Judgment
Facts of the CaseThe Revenue (Appellant) had initiated a series of eight
separate Income Tax Appeals, specifically ITA 1048/2008 through ITA 1055/2008,
seeking to challenge a lower court judgment. These appeals were li...
Ultimate Fashion Maker Ltd. vs Commissioner of Income Tax (Delhi High Court) – Deduction under Sections 80IB and 80HHC on Duty Drawback and Interest Income
Facts of the Case
The assessee, Ultimate Fashion Maker Ltd., preferred an appeal
against the order of the Income Tax Appellate Tribunal dated 26.10.2007.
The dispute pertained to Assessment Year 2001-02.
The ...
Appellant Vs. Respondent | Dismissal of Appeals as Academic Following Revenue's Appeal Dismissal | Delhi High Court Judgment [2009:DHC:9840-DB]
Facts of the Case
Filing
of Multiple Appeals: The appellant filed a series of Income
Tax Appeals before the Delhi High Court, specifically ITA Nos. 1048/2008,
1049/2008, 1050/2008, 1051/2008, 1052/200...
Commissioner of Income Tax vs. Allied Strips Limited (Delhi High Court) – MAT Credit under Section 115JAA to be Set Off Before Levy of Interest under Sections 234B and 234C
Facts of the Case
The
appeals involved a common issue arising in several matters, including ITA
No. 791/2007 concerning Allied Strips Limited.
The
dispute related to assessment years preceding the a...
A. B. Hotels Limited vs Commissioner of Income Tax – Delhi High Court | Interpretation of Section 201(1) & 201(1A) of Income Tax Act, 1961 | Scope of TDS Default and Interest Liability – ITA No. 480/2008
FACTS OF THE CASEThe present batch of eight appeals arose from a
common order of the Income Tax Appellate Tribunal dated 15.06.2007. The dispute
related to assessment years 1994–95 to 2001–02.The Revenue filed a mi...
J.P. Gupta vs Commissioner of Income Tax (Delhi High Court) – Whether Licence Fee for Use of Railway Land is Accrued Liability or Contingent Liability; Non-Consideration of Prior Tribunal Decision – Matter Remanded
FACTS OF THE CASE
The assessee, J.P. Gupta, filed multiple Income Tax Appeals
challenging the order of the Income Tax Appellate Tribunal (ITAT).
The dispute related to licence fee payable to Railways for use
...
J.P. Gupta vs Commissioner of Income Tax (Delhi High Court, Judgment dated 11.12.2008) – Whether Railway Licence Fee is an Accrued Liability or Contingent Liability under Income Tax Law (ITA Nos. 1349/08 to 1354/08)
Facts of the
Case
Multiple Income Tax Appeals (ITA Nos. 1349/08 to 1354/08) were
filed by the assessee J. P. Gupta against the order dated
22.07.2008 passed by the Income Tax Appellate Tribunal (ITAT).
...
J.P. Gupta vs Commissioner of Income Tax – Whether Licence Fee Payable to Railways for Use of Land as Depot Constitutes Accrued Liability or Contingent Liability under Income Tax Law; Non-Consideration of Earlier Tribunal Decision – Remand Ordered by Delhi High Court
Facts of the CaseThe present batch of appeals arose from a common
order passed by the Income Tax Appellate Tribunal concerning the tax treatment
of licence fee payable to the Railways for use of land as a depot.T...