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Delhi High Court Dismisses Revenue Appeals Due to Low Tax Effect Below CBDT Monetary Limit | ITA Nos. 743/2008, 744/2008, 745/2008 & 753/2008
Facts of the
CaseThe Revenue preferred four Income Tax Appeals
before the Delhi High Court. During the hearing, the Court examined the tax
effect involved in the appeals and found that the tax effect in each appeal wa...
Commissioner of Income Tax, Delhi-X vs. M/S Ahuja Radios — Whether MODVAT Credit and Excise Duty are Excludable from 'Total Turnover' for Computing Export Deduction Under Section 80HHC of Income Tax Act, 1961: Delhi High Court Judgment
Facts of the Case
The
Assessee: M/S Ahuja Radios is involved in the
manufacture and sale of public address equipment, including amplifiers,
microphones, and loudspeakers.
The
Claim: The asses...
M/S Hindustan Industrial Resources Ltd. Vs. The Assistant Commissioner of Income Tax: Merely Holding Land for Future Industrial Use with No Agricultural Activity Does Not Alter Its Agricultural Character to Tax Capital Gains under Section 2(14)(iii) of Income Tax Act, 1961
Facts of the Case
The
appellant-assessee, M/S Hindustan Industrial Resources Ltd., purchased a
piece of land situated in Tugalpur, Tehsil of Greater Noida, on March 15,
1989, with the future intention...
Commissioner of Income Tax vs Assessee (ITA Nos. 743/2008, 744/2008, 745/2008 & 753/2008) – Delhi High Court Dismisses Appeals Due to Low Tax Effect Below CBDT Monetary Limit
Facts of the
CaseThe Income Tax Department filed four separate
appeals before the Delhi High Court challenging the orders passed by the lower
appellate authorities. During the proceedings, it was observed that the tax...
Commissioner of Income Tax Delhi-X vs. M/S Ahuja Radios: Exclusion of MODVAT Credit from Total Turnover under Section 80HHC of the Income Tax Act, 1961
Facts of the Case
The
respondent-assessee, M/S Ahuja Radios, is involved in the manufacture and
sale of public address equipment such as amplifiers, microphones, and
loudspeakers.
For
the ass...
Commissioner of Income Tax vs. Assessee: Retrospective Applicability of Section 271(1B) of the Income Tax Act, 1961 as Inserted by Finance Act 2008 on Penalty Initiation and Remand to ITAT for Decisions on Merits — Delhi High Court Landmark Case Law (ITA No. 50/2008 & 71/2008)
1. Facts of the CaseThe Revenue preferred statutory cross-appeals before the
Hon'ble High Court of Delhi under Income Tax Appeal (ITA) No. 50/2008 and ITA
No. 71/2008. The challenges were directed against the prior imp...
Commissioner of Income Tax vs Assessee (ITA Nos. 743/2008, 744/2008, 745/2008 & 753/2008) – Delhi High Court Dismisses Appeals Due to Low Tax Effect Below CBDT Monetary Limit
Facts of the
CaseThe Income Tax Department preferred four appeals
before the Delhi High Court, being ITA Nos. 743/2008, 744/2008, 745/2008 and
753/2008. During consideration of the appeals, the Court examined the tax
...
Commissioner of Income Tax vs. M/S Ahuja Radios | Exclusion of MODVAT Credit from Total Turnover under Section 80HHC of Income Tax Act, 1961 – Delhi High Court Judgement
Facts of the Case
The
Assessee (M/S Ahuja Radios) is engaged in the manufacture and sale
of public address equipment, such as amplifiers, microphones, and
loudspeakers.
The
Assessee claimed a...
Commissioner of Income Tax v. Shri Raj Kumar (Delhi High Court) – Trade Advances Not Taxable as Deemed Dividend under Section 2(22)(e) of the Income-tax Act, 1961
Facts of the CaseThe assessee, Shri Raj Kumar, was the proprietor of
M/s Premier Engineering Corporation engaged in manufacturing customized kitchen
equipment. He was also the Managing Director and held approxima...
Commissioner of Income Tax (TDS) vs. M/S Ikea Trading Hong Kong Ltd: Absolute Limitation on Income Tax Penalty Orders Imposed Under Section 271C Vis-à-Vis the Residuary Trajectory of Section 275(1)(c)
Facts of the Case
Assessee
Profile & Survey: The respondent/assessee is a company
incorporated in Japan with a liaison office operating in India. On
December 4, 1998, the Income Tax Department con...