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Commissioner of Income Tax vs Modi Mundipharma Pvt. Ltd. – Allowability of Commission Paid to Agents for Government Institutional Sales under Section 37(1) of the Income-tax Act, 1961 | Delhi High Court
FACTS OF THE CASE
The
assessee was engaged in the manufacture and supply of pharmaceutical
formulations.
The
assessee paid commission to various agents and agencies for assisting in
tran...
Commissioner of Income Tax Vs. Sahara Airlines Ltd.: Whether Payments to Foreign Computer Reservation System (CRS) Providers for Airline Ticketing Software Constitute 'Royalty' or 'Business Income' and the Exemption of Tax Deduction at Source (TDS) under Section 195 of the Income Tax Act, 1961
Facts of the Case
The
Respondent/Assessee, Sahara Airlines Ltd., entered into operational
arrangements with two international companies: M/s. Amadeus Marketing
(a Spanish company) and M/s. Galileo Int...
Commissioner of Income Tax vs Woodward Governor India Ltd. (Delhi High Court) – Allowability of Provision for Warranty Expenses as Accrued Liability under Sections 37(1) and 145 of the Income Tax Act, 1961
Facts of the
CaseThe assessee, Woodward Governor India Ltd., claimed
warranty expenses aggregating to ₹67,05,149 during the relevant assessment
year. The claim comprised:
Warranty expenses incurred on actual basis...
Commissioner of Income Tax vs Modi Mundipharma Pvt. Ltd. – Allowability of Commission Paid for Assistance in Government Tenders and Institutional Sales under Section 37(1) of the Income-tax Act | Delhi High Court
FACTS OF THE CASE
The
assessee was engaged in the business of manufacturing pharmaceutical
formulations and supplying medicines to government institutions as well as
private customers.
The
...
Commissioner of Income Tax vs. Sahara Airlines Ltd. (ITA No. 1196/2009) — High Court of Delhi Case Analysis Under Section 195 of Income Tax Act, 1961
Facts of the CaseThe respondent-assessee, Sahara Airlines Ltd., entered into
commercial infrastructure agreements with two foreign computer reservation
systems (CRS/GDS) providers: M/s. Amadeus Marketing (a Spanish com...
AKS Real Estate Pvt. Ltd. vs Assistant Commissioner of Income Tax (ACIT) – Validity of Proceedings under Section 153A of the Income-tax Act Where No Search Was Allegedly Conducted on the Assessee | Delhi High Court
FACTS OF THE CASE
The
petitioner challenged the initiation of proceedings under Section 153A of
the Income-tax Act, 1961.
A
search operation was conducted on 01.06.2008 at premises situated at...
Commissioner of Income Tax vs Pharmaceutical Company Assessee – Allowability of Commission Paid to Agents for Government Institutional Sales under Section 37(1) of the Income-tax Act, 1961 | Delhi High Court
Facts of the Case
The
assessee was engaged in the manufacture and sale of pharmaceutical
formulations.
The
assessee claimed deduction of commission paid to various agents for
facilitatin...
Commissioner of Income Tax, Delhi-IV vs Berjesh Kumar Goyal – Telescoping of Undisclosed Rental Income Against Cash Found During Search under Sections 132 & 158BC of the Income-tax Act, 1961 | Delhi High Court
Facts of the Case
A
search under Section 132 of the Income-tax Act was conducted at the
residential premises of the assessee on 14 September 2000.
Pursuant
to the search, block assessment proceeding...
Toby Consultants (P) Ltd. vs Commissioner of Income Tax – Addition under Section 68 for Unexplained Cash Credits and Failure to Prove Genuineness of Loan Transactions Applying the Test of Human Probabilities | Delhi High Court
Facts of the Case
The
assessee company was engaged in the business of investment in securities.
For
Assessment Year 2001-02, the assessee disclosed unsecured loans amounting
to:
Rs.
2,6...
Commissioner of Income Tax vs. Assessee (Appellant): A Judicial Analysis on the Scope of Section 263 of the Income Tax Act, 1961
Facts of the CaseFor the Assessment Year 2001-02, an assessment order was
initially finalized by the Assessing Officer (AO) on February 26, 2004, under
Section 143(2) of the Income Tax Act, 1961. Following a review of ...