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Commissioner of Income Tax-II, New Delhi vs. Mandalay Investment Pvt. Ltd. – Compensation Received for Transfer of Exclusive Rights in Intellectual Property Held as Capital Receipt Not Taxable as Revenue Income | Delhi High Court
Facts of the
CaseMandalay Investment Pvt. Ltd., through its Director
Mr. I.C. Malhotra, developed a retailing communication project intended for
conducting research and marketing consumer products through television
...
Appellant vs. Respondent – Delhi High Court Permits Revival of Income Tax Appeals upon Grant of COD Approval | ITA No. 983/2009 (Along with ITA Nos. 917 & 918/2009)
Facts of the CaseThe appeals bearing ITA Nos. 917, 918 and 983 of 2009 were
listed before the Delhi High Court. During the hearing, counsel appearing for
the appellants submitted that an application seeking approval fr...
Assessee vs Respondent – Delhi High Court Permits Revival of Income Tax Appeals Upon Grant of COD Approval | ITA Nos. 917, 918 & 983 of 2009
Facts of the CaseThe appellants had preferred Income Tax Appeals before the
Delhi High Court. At the time of hearing, the appellants' counsel submitted
that an application seeking approval from the Committee on Dispute...
Commissioner of Income Tax vs Assessee – DEPB Credit Not Eligible for Deduction under Section 80-IA in View of Liberty India Judgment | Delhi High Court
Facts
of the Case• The assessee claimed deduction
under Section 80-IA of the Income Tax Act on DEPB credit arising from exports
of goods manufactured by it.• The ITAT directed the
Assessing Officer to verify the ...
ITAT Cannot Reconsider Merits While Deciding Rectification Application under Section 254(2) – Assessee Free to Raise Grounds in Pending Section 260A Appeals | Delhi High Court
Facts of the
CaseThe Income Tax Appellate Tribunal (ITAT) had
dismissed the appeals filed by the assessees. Aggrieved by those orders, the
assessees preferred appeals before the Delhi High Court under Section 260A of
...
Petitioners v. Union of India & Anr. – Delhi High Court Allows Withdrawal of Writ Petitions | W.P.(C) Nos. 12001/2009 & 12002/2009
Facts of the Case
Two
writ petitions, namely W.P.(C) No. 12001/2009 and W.P.(C) No. 12002/2009,
were pending before the Delhi High Court.
The
matter was argued before the Court.
During
the p...
Commissioner of Income Tax, Delhi-XI, New Delhi vs. Standing Conference of Public Enterprises (SCOPE) – Principle of Mutuality Applicable to Member-Based Receipts and Interest Income | Delhi High Court
Facts of the CaseThe respondent, Standing Conference of Public Enterprises
(SCOPE), was a society registered under the Societies Registration Act, 1860.
It was formed at the initiative of the Government of India to imp...
Commissioner of Income Tax v. Jagatjit Industries Ltd. – Foreign Exchange Fluctuation Gain on GDR Share Capital Held as Capital Receipt Not Taxable Under Income Tax Act
Facts of the CaseJagatjit Industries Ltd., a multi-product company engaged in
the manufacture and sale of alcoholic beverages, malted milk food, dairy
products and allied products, issued equity shares overseas through...
Commissioner of Income Tax vs. Ericsson Communications Pvt. Ltd. | Provision for Warranty Charges Held Allowable as Business Deduction under Section 37(1) of the Income Tax Act
Facts of the CaseEricsson Communications Pvt. Ltd. was engaged in the business
of installation, erection, and commissioning of various telecommunications
projects. The contracts executed by the company contained warran...
Commissioner of Income Tax vs. Assessee – Revenue Appeal Dismissed as Issue Already Covered by CIT v. Dabur India Ltd. (2006) 283 ITR 197 (Delhi) | Delhi High Court | ITA No. 175/2008
Facts
of the Case1.
The
Revenue preferred an appeal before the Delhi High Court under the Income-tax
Act, 1961.2.
The
matter involved an issue identical t...