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The Commissioner of Income Tax, Delhi-III vs. M/s Seagram Distilleries Ltd. | Assessing Officer Cannot Reduce WDV Based on Hypothetical Depreciation under Section 32
Facts of the Case
The
Revenue preferred an appeal against the decision of the Income Tax
Appellate Tribunal (ITAT) concerning the appropriate extent of
depreciation to be allowed to the assessee for t...
Commissioner of Income Tax, Delhi-II vs. M/s Kishori Lal Construction Ltd. (with ITA 633/2008 & ITA 467/2008): Scope of Section 68 of the Income Tax Act on Realization of Past Debt and Discharge of Initial Onus of Proof in Unexplained Cash Credits.
Facts of the Case
Business
Profile: The respondent-assessee is a corporate
entity engaged in the purchase and sale of iron, steel, and corporate
shares.
Assessment
Year & Notice: For the ...
Commissioner of Income Tax vs. M/s Seagram Distilleries Ltd. | No Reduction in WDV Based on Hypothetical, Unclaimed Depreciation Under Section 32
Facts of the Case
The
present appeal was preferred by the Revenue (Income Tax Department)
against the decision of the Income Tax Appellate Tribunal (ITAT)
concerning the assessment year 2002-03.
Th...
Rahulijee & Company Pvt. Ltd. vs. Income Tax Appellate Tribunal & Ors. — Maintainability of Writ Petition Under Article 226 of the Constitution of India Against Income Tax Appellate Tribunal (ITAT) Orders when Alternative, Adequate, and Equally Efficacious Statutory Remedy by Way of Appeal Under Section 260A of the Income Tax Act, 1961 is Available.
Facts of the Case
The
petitioner, Rahulijee & Company Pvt. Ltd., filed an appeal before the
Income Tax Appellate Tribunal (ITAT) for the assessment year 1988-89
concerning several disputed additio...
Commissioner of Income Tax vs. M/s Jackson Engineers Limited: Whether the Technical and Manual Assembly of Diesel Generating Sets from Pre-Procured Components Qualifies as a Distinct "Manufacturing Activity" and the Determination of Nexus for Incidental Business Income under Section 80IA of the Income Tax Act, 1961
Facts of the Case
The
assessee, M/s Jackson Engineers Ltd., carries on the business of
assembling diesel generating (DG) sets at its various industrial units,
including a specific unit under reference...
Commissioner of Income Tax-VIII, New Delhi vs Anupam Sweets | Section 158BD Proceedings Invalid Without Recorded Satisfaction | Delhi High Court
Facts of the CaseA search under Section 132 of the Income-tax Act, 1961 was
conducted at the residential premises of Shri R.K. Gupta, Shri Devender Gupta
and M/s Chintpurni Constructions Pvt. Ltd.The block assessment o...
Commissioner of Income Tax vs. AIMIL Limited (with Nirmala Swami vs. Commissioner of Income Tax & M/s. Ekta Agro Industries Ltd. vs. Income Tax Officer) – Whether Delayed Employees' and Employers' Contributions to Provident Fund (PF) and Employees' State Insurance (ESI) are Allowable Deductions Under Section 36(1)(va) Read With Section 43B of the Income Tax Act, 1961 If Paid Before the Due Date of Filing Return Under Section 139(1)
Facts of the Case
The
present case emerged from a batch of appeals involving different
assessees. Because the core legal issues and interpretations under Section
36(1)(va) were identical, the Hon’bl...
Commissioner of Income Tax Vs. [Assessee] (ITA No. 1275/2009): A Comprehensive Study on Judicial Economy and the Summary Dismissal of Revenue Appeals Falling Below Prescribed Monetary Thresholds
Facts of the CaseThe Revenue filed an appeal before the Delhi High Court
challenging the order under the Income Tax Act.At the hearing, the Court considered the monetary impact
involved in the dispute.The Court recorde...
Commissioner of Income Tax-VIII, New Delhi vs Anupam Sweets | Delhi High Court Upholds Mandatory Satisfaction Requirement Under Section 158BD of the Income Tax Act
Facts of the Case
A
search-related assessment proceeding was initiated under the provisions of
Chapter XIV-B of the Income Tax Act, 1961.
The
Revenue made additions against the respondent, Anupam Sw...
Commissioner of Income Tax v. Assessee | ITAT Order Dismissing Appeal for Want of COD Approval Liable to Be Recalled if Approval Was Actually Obtained – Delhi High Court
Facts of the CaseThe Revenue challenged an order of the Income Tax Appellate
Tribunal (ITAT).The Revenue submitted before the Delhi High Court that the
ITAT had dismissed its appeal solely on the ground that Committee ...