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Director of Income Tax vs Indian National Science Academy (INSA) | Exemption under Section 10(21) of Income Tax Act and Approval under Section 35(1)(ii) – Delhi High Court
Facts of the Case
The
Indian National Science Academy (INSA) was established to promote
scientific research, scientific knowledge, and national welfare through
scientific advancement.
For
more...
Commissioner of Income Tax, Delhi-II vs. Maharashtra Seamless Ltd. | Section 80HHC Deduction on DEPB Receipts, Delayed Payment Interest, Rental Income & Explanation (baa) – Delhi High Court
Facts of the CaseMaharashtra Seamless Ltd. claimed deductions under Sections
80HHC, 80-IA and 80-IB in respect of several categories of receipts arising
during the course of its manufacturing and export business.The di...
[Petitioner] v. Transfer Pricing Officer & Anr. — Sections 92CA(3) & 144C, Income-tax Act, 1961 — Objections to ALP Methodology Must First Be Raised Before the DRP
Facts of the Case
The
Petitioner filed a Writ Petition under Article 226 of the Constitution of
India to challenge an order dated October 23, 2009, issued by the Transfer
Pricing Officer (TPO) under S...
Commissioner of Income Tax, Delhi-II vs. Maharashtra Seamless Ltd. | Sections 80HHC, 80-IA & 80-IB – DEPB Benefits, Delayed Payment Interest, Business Income and Section 263 Revision – Delhi High Court
Facts of the CaseMaharashtra Seamless Ltd. claimed deductions under Sections
80HHC, 80-IA and 80-IB in respect of various categories of income.The disputes before the Court arose from several assessment
years and invol...
Commissioner of Income Tax vs Aero Traders (P) Ltd. | Penalty under Section 271(1)(c) Cannot Be Levied on Estimated Additions – Delhi High Court
Facts of the CaseThe assessee company was engaged in the business of
manufacturing and exporting shoe uppers, primarily to the erstwhile USSR.
Following the disintegration of the USSR, the assessee suffered substantial...
D.T. & T.D.C. Ltd. v. Assistant Commissioner of Income Tax [Delhi High Court] – Reassessment under Sections 147/148 Invalid on Mere Change of Opinion
Facts of the CaseThe Government of National Capital Territory of Delhi
authorized Delhi Tourism & Transportation Development Corporation Limited
(DTTDC) to operate liquor vends throughout Delhi.Under Government dir...
CIT vs ACC Rio Tinto Exploration Ltd. [2010] 2010:DHC:505-DB (Delhi High Court) – Applicability of Section 35E Where No Commercial Production of Minerals Exists
Facts of the Case
The
assessee company was engaged in the business of prospecting and
exploration of ores and minerals.
The
assessee filed its return declaring a loss of ₹3,00,52,260.
During
...
Commissioner of Income Tax vs. Flour Daniel India Pvt. Ltd. | Software Licence Royalty Payments Held Revenue Expenditure under Sections 37(1), 32 and 9(1)(vi) of the Income Tax Act – Delhi High Court
Facts of the CaseFlour Daniel India Pvt. Ltd. was engaged in the business of
preparing engineering designs and drawings for projects undertaken by group
entities.For execution of its assignments, the assessee utilised
...
Commissioner of Income Tax-VI vs Ultimate Fashion Maker Ltd. | No Penalty under Section 271(1)(c) Where DEPB Deduction Claim Under Section 80-IB Was a Debatable Issue: Delhi High Court
Facts of the Case
The
assessee claimed deduction under Section 80-IB of the Income Tax Act, 1961
in respect of income arising from the Duty Entitlement Pass Book (DEPB)
Scheme.
The
Assessing O...
Commissioner of Income Tax vs. Flour Daniel India Pvt. Ltd. | Software Licence Royalty Expenditure Allowable as Revenue Expenditure under Sections 37(1) and 32 of the Income Tax Act – Delhi High Court
Facts of the CaseThe assessee, Flour Daniel India Pvt. Ltd., was engaged in
preparing engineering designs and drawings for projects allotted by group
entities.For carrying out its business activities, the assessee used...