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Gautam Cable Industries v. Deputy Commissioner of Income Tax [Delhi High Court] – Disallowance of Interest on Borrowed Funds Diverted to Sister Concerns Without Commercial Expediency under Section 36(1)(iii) of the Income-tax Act, 1961
Facts of the
CaseThe assessee, Gautam Cable Industries, had borrowed
funds from banks and claimed deduction of interest paid on such borrowings.
During assessment proceedings, the Assessing Officer found that the borr...
Spaze Towers (P) Ltd. Vs. Commissioner of Income Tax Delhi-III | Withdrawal of Writ Petitions under the Income Tax Act | 2010:DHC:13287-DB
Facts
of the CaseThe petitioner, Spaze Towers (P)
Ltd., filed a series of writ petitions—specifically W.P.(C) Nos. 12788/2009,
12794/2009, 12810/2009, 12828/2009, 326/2010, 327/2010, 333/2010, 334/2010,
335/2010, a...
Commissioner of Income Tax vs. Akums Drugs & Pharmaceuticals Ltd. – Allowability of Commission Paid for Government Institutional Business under Section 37(1) of the Income-tax Act, 1961
Facts of the Case
The
assessee was engaged in the manufacture and supply of pharmaceutical
formulations to Government institutions and other customers.
Commission
was paid to agents for assist...
Commissioner of Income Tax Vs. Sahara Airlines Ltd. – Whether Payments to Foreign Computerized Reservation System (CRS) Providers for Ticket Booking Software Constitute 'Royalty' or 'Business Income' under Section 195 of the Income Tax Act, 1961 and Relevant DTAA Provisions: Delhi High Court Affirmation on Non-Deduction of TDS
Facts of the Case
The
respondent/assessee, Sahara Airlines Ltd., entered into operational
arrangements with two foreign companies: M/s. Amadeus Marketing (a
Spanish entity) and M/s. Galileo Internatio...
Gautam Cable Industries vs Deputy Commissioner of Income Tax | Delhi High Court | Disallowance of Interest on Diversion of Borrowed Funds to Sister Concerns | Section 36(1)(iii) of the Income-tax Act, 1961
Facts of the
CaseThe assessee, Gautam Cable Industries, had claimed
deduction of interest paid to banks on borrowed funds. During assessment
proceedings, the Assessing Officer found that a portion of the borrowed fund...
Commissioner of Income Tax vs. Sahara Airlines Ltd. (2009) | TDS Liability Under Section 195 on Software Payments to Non-Resident Companies: Whether Ticket Reservation Software Payments Constitute 'Royalty' or 'Business Income' Under DTAA
Facts of the Case
The
respondent/assessee, Sahara Airlines Ltd., entered into commercial
arrangements with two international non-resident companies: M/s. Amadeus
Marketing (a Spanish company) and M/s....
Spaze Towers (P) Ltd. vs. Commissioner of Income Tax Delhi-III | Withdrawal of Writ Petitions under Article 226
Facts
of the CaseThe petitioner, Spaze Towers (P)
Ltd., filed a series of writ petitions (W.P.(C) 12788/2009, 12794/2009,
12810/2009, 12828/2009, 326/2010, 327/2010, 333/2010, 334/2010, 335/2010,
336/2010) before the...
Commissioner of Income Tax, Delhi vs. Raghav Bahl (Delhi High Court) – Revenue Appeal Dismissed as No Substantial Question of Law Arose under the Income-tax Act
Facts of the
CaseThe Revenue filed appeals before the Delhi High
Court against a common order dated 08.08.2008 passed by the Income Tax
Appellate Tribunal in ITA Nos. 3555-3557/Del/2003 relating to Assessment Years
2...
Commissioner of Income Tax vs. Akums Drugs & Pharmaceuticals Ltd. – Allowability of Commission Paid to Agents for Government Institutional Supplies under Section 37(1) of the Income-tax Act, 1961
Facts of the Case
The
assessee was engaged in the manufacture and supply of pharmaceutical
products, including supplies to Government institutions.
Commission
payments were made to agents for ...
Commissioner of Income Tax vs. Sahara Airlines Ltd. (ITA No. 1170/2009) | Whether Ticket Reservation Software Payments to Foreign Entities (Amadeus & Galileo) Constitute Royalty or Business Income Under Section 195 of Income Tax Act, 1961
Facts of the Case
The
respondent/assessee, M/s. Sahara Airlines Ltd., entered into operational
arrangements with two foreign companies: M/s. Amadeus Marketing (a Spanish
company) and M/s. Galileo Inte...