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Commissioner of Income Tax vs IMI Norgren Herion Pvt. Ltd. & Connected Appeals – MAT Credit Set-Off Before Levy of Interest Under Sections 234B and 234C
Facts of the
CaseThe assessees had accumulated MAT Credit under
Section 115JAA on account of payment of Minimum Alternate Tax in earlier
assessment years. While computing tax liability for subsequent years, they
clai...
Commissioner of Income Tax, Delhi-I, New Delhi vs. M/s Abhinandan Investment Ltd. [2009] 2009:DHC:395-DB (Delhi High Court)
Facts of the
CaseThe Revenue filed an appeal under Section 260A of
the Income-tax Act, 1961 against the order dated 07.09.2006 passed by the
Income Tax Appellate Tribunal in ITA No. 4790/Del/2002 for Assessment Year
...
Commissioner of Income Tax, Delhi-I, New Delhi vs. M/s Abhinandan Investment Ltd. – Carry Forward of Loss Determined by Assessing Officer under Sections 80, 139(3) and 260A of the Income Tax Act, 1961
Facts of the
CaseThe Revenue filed an appeal before the Delhi High
Court under Section 260A of the Income Tax Act, 1961 challenging the order
dated 07.09.2006 passed by the Income Tax Appellate Tribunal in relation to...
Commissioner of Income Tax vs. Nehru Place Hotels Limited (ITA No. 546/2008) – Delhi High Court
Facts of the
CaseThe Revenue filed appeals against various
assessees, including Nehru Place Hotels Limited. The controversy arose in
relation to assessment years prior to the Finance Act, 2006 amendments.The Revenue c...
MAT Credit under Section 115JAA to be Set Off Before Levy of Interest under Sections 234B and 234C – Clarificatory Nature of Finance Act, 2006 Amendments
Facts of the
CaseThe Revenue filed multiple appeals against various
assessees involving a common issue concerning the computation of interest under
Sections 234B and 234C of the Income Tax Act, 1961.The dispute center...
Commissioner of Income Tax-V, New Delhi vs. M/s Nalwa Investment Ltd. – Carry Forward of Assessed Business Loss Despite Revised Claim During Assessment Proceedings under Sections 80, 139(3) & 260A of the Income Tax Act, 1961
Facts of the
CaseM/s Nalwa Investment Ltd., an investment company,
held shares in Jindal Iron & Steel Co. Ltd. (JISCO). JISCO launched a
rights issue of Secured Redeemable Non-Convertible Debentures (SRNCDs) after...
Commissioner of Income Tax vs. Cosmo Films Limited (ITA No. 801/2008) – Delhi High Court | MAT Credit Set-Off Before Levy of Interest under Sections 234B & 234C
Facts of the
CaseThe Revenue challenged several orders of the Income
Tax Appellate Tribunal wherein the Tribunal had held that MAT credit available
under Section 115JAA should be given effect before computing interest...
Commissioner of Income Tax v. M/s Nestle India Ltd. & Connected Matters (Delhi High Court) – MAT Credit under Section 115JAA to be Set Off Before Charging Interest under Sections 234B & 234C; Section 154 Not Invocable on Debatable Issue
Facts of the
CaseThe Revenue filed multiple appeals challenging
orders of the Income Tax Appellate Tribunal which had held that MAT credit
available under Section 115JAA should be adjusted before computing interest
u...
Commissioner of Income Tax vs. M/s Jindal Exports Ltd. & Connected Matters (Delhi High Court) – MAT Credit under Section 115JAA to be Set Off Before Levy of Interest under Sections 234B and 234C
Facts of the
CaseSeveral appeals involving different assessees were
heard together because all raised a common legal issue relating to MAT credit
under Section 115JAA.The assessees had MAT credit available from ...
Taneja Developers & Infrastructure Ltd. vs Assistant Commissioner of Income Tax & Others | Stay of Tax Demand in High-Pitched Assessment 350 Times Higher Than Returned Income | Delhi High Court
Facts of the
CaseThe petitioner, Taneja Developers & Infrastructure
Ltd., filed its income tax return for Assessment Year 2005-06 declaring a total
income of ₹46,41,070. Subsequently, the Assessing Officer passe...