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Commissioner of Income Tax vs. AIMIL Limited (with connected appeals) Alternative Extended Title: Commissioner of Income Tax vs. AIMIL Limited: Allowability of Deduction on Employees’ Contribution Towards Provident Fund (PF) and ESI Under Section 36(1)(va) Read with Section 43B of the Income Tax Act, 1961, when Deposited Before the Due Date of Filing Income Tax Return (ITR).
Facts of the Case
Background:
The case consolidated multiple appeals involving different assessees but
dealing with an identical question of law. To explain the context, the
Hon'ble High Court evaluat...
Commissioner of Income Tax vs. ECS Limited | Penalty u/s 271(1)(c) Upheld for Furnishing Inaccurate Particulars in Claim of Deduction u/s 80-O – Delhi High Court
Facts of the Case• The assessee, ECS Limited, was engaged in providing
consultancy services to foreign clients and earned foreign exchange income.• For Assessment Years 1994-95, 1995-96 and 1996-97, the
assessee cl...
M/s. Egon Zehnder International Pvt. Ltd. vs. Commissioner of Income Tax, Delhi-IV (2009:DHC:5670-DB) – On the Legality of Revisionary Jurisdiction Under Section 263, the Determination of Permanent Establishment (PE) of Non-Resident Holding Entities, Deemed Rejection Under Section 195(2), and Disallowance of Shared Information Technology and Global Operational Expenses Under Section 40(a)(i) of the Income Tax Act, 1961
Python# Since the user requested a
formatted text output (and potentially an HTML/PDF structure if standard for
legal briefs, but text format is requested with sections), # let's review the details from
the prompt.# W...
Commissioner of Income Tax vs. M/s Seagram Distilleries Ltd.: Whether Depreciation Can Be Forced on Assessee Prior to Explanation 5 to Section 32 of Income Tax Act
Facts of the Case
The
Revenue preferred an appeal against the decision of the Income Tax
Appellate Tribunal (ITAT) concerning the assessment year 2002-03.
In
the assessment order dated March 30, 20...
The Commissioner of Income Tax - II vs. M/s. Jindal Equipments Leasing & Consultancy Services Ltd.: Whether the Unilateral Write-Off and Waiver of a Principal Loan Amount by a Sister Concern Concern Constitutes Taxable Business Income Under Section 28(iv) or Section 41(1) of the Income Tax Act, 1961, or Qualifies Strictly as a Non-Taxable Capital Receipt
Facts of the Case
Assessee
Status: The respondent-assessee is an investment
company registered as a Non-Banking Financial Company (NBFC) with the
Reserve Bank of India (RBI).
The
Transaction:...
Commissioner of Income Tax vs. Mohan Meakin Ltd. | Delhi High Court Dismisses Revenue Appeal on Excise Duty Valuation, Change in Accounting Method & Bonus Deduction Claims | ITA No. 1018/2006
Facts of the Case
The
appeal was filed by the Commissioner of Income Tax against the order
passed by the Income Tax Appellate Tribunal dated 22 December 2006 in ITA
No. 4972/Del/1993 relating to Asses...
Commissioner of Income Tax, Delhi-IV vs. Décor Investment & Finance Ltd.: High Court of Delhi Ruling on Judicial Consistency in Section 68 Cash Credit Additions and Clubbed Appeals Under Section 260A
Facts of the CaseThe Appellant, Commissioner of Income Tax, Delhi-IV,
preferred a statutory Income Tax Appeal designated as ITA No. 467/2008
under the provisions of the Income Tax Act, 1961. The targeted Respondent in
...
Commissioner of Income Tax vs ECS Limited | Delhi High Court Upholds Penalty u/s 271(1)(c) for Incorrect Claim of Deduction under Section 80-O
Facts of the CaseThe respondent-assessee, ECS Limited, was engaged in providing
consultancy services to foreign clients and earned income in convertible
foreign exchange. The assessee claimed deduction under Section 80...
Commissioner of Income Tax - V vs. Rail Track India Ltd. | Comprehensive Analysis on the Taxability of Income, Commercial Expediency, and Business Deductions under Section 37(1) of the Income Tax Act, 1961
Facts of the CaseThe appellant, representing the Revenue department
(Commissioner of Income Tax - V), initiated statutory appellate proceedings
under Section 260A of the Income Tax Act, 1961, challenging a prior order
...
Commissioner of Income Tax, Delhi-II vs Khaitan Chemicals & Fertilizers Ltd. | Delhi High Court on Allowability of Unreceived Subsidy as Business Expenditure under Section 37(1) of the Income-tax Act, 1961
Facts of the CaseThe assessee, engaged in the business of selling fertilizers,
had provisionally accounted for subsidy receivable from the Government.
Subsequently, upon communication of the final subsidy rates by the ...