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Commissioner of Income Tax-III vs Sona Koyo Steering Systems Limited (2010) – Deduction under Section 80-I to be Computed Unit-wise Without Set-off of Losses of Another Eligible Unit | Delhi High Court
Facts of the
Case
The assessee, Sona Koyo Steering Systems Limited, operated two
separate industrial units:
Steering Unit
Axle Unit
During the relevant assessment years (1992-93, 1993-94, 1994-95,
...
Commissioner of Income Tax (Central)-III Delhi vs. Nestor Pharmaceuticals Limited: Trial Production vs. Commercial Production Date for Determining Initial Assessment Year for Tax Deductions under Sections 80-IA and 80-IB of the Income Tax Act, 1961
Facts of the CaseThe Respondent, M/s Nestor Pharmaceuticals Limited, operates
an industrial undertaking involved in manufacturing bulk drug pharmaceutical
formulations. It distributes these medical formulations across ...
Nimitya Properties Ltd. Vs. Commissioner of Income Tax: Validity of Provisional Attachment of Property Under Section 281B Post Search and Seizure Operations When No Tax Demand is Outstanding
Facts of the Case
Search
and Seizure Action: On 06.11.2008, the Income Tax
authorities executed a search and seizure operation under Section 132 at
the office premises of Nimitya Properties Ltd., resu...
Commissioner of Income Tax-III vs Sona Koyo Steering Systems Limited | Delhi High Court | Section 80-I Deduction to be Computed Unit-Wise Without Set-Off of Losses of Another Eligible Unit
Facts of the CaseThe appeals were filed by the Revenue relating to
Assessment Years 1992-93, 1993-94, 1994-95, 1995-96 and 2000-01.The assessee, Sona Koyo Steering Systems Limited,
operated two separate industrial unit...
Commissioner of Income Tax vs Assessee – Penalty Under Section 271(1)(c) Restored for Fresh Adjudication Following Supreme Court Ruling in Gold Coin Health Food Pvt. Ltd. | ITA No. 663/2009 | Delhi High Court
Facts of the CaseThe Revenue filed an appeal before the Delhi High Court
challenging the order of the Income Tax Appellate Tribunal whereby the penalty
imposed upon the assessee under Section 271(1)(c) of the Income-ta...
Comprehensive Case Analysis of Sidwal Refrigeration Industries Ltd. vs. Deputy Commissioner of Income Tax, Circle-8(1) Under the Income Tax Act, 1961: High Court of Delhi Appellate Adjudication and Disposal via Connected Matter (ITA 161/2008)
Facts of the CaseThe appellant, Sidwal Refrigeration Ind. Ltd., filed an
Income Tax Appeal (ITA 161/2008) before the High Court of Delhi against the
orders of the tax authorities/tribunal. The matter was clubbed or hea...
Commissioner of Income Tax-III vs Sona Koyo Steering Systems Ltd.
Facts of the
CaseThe assessee, Sona Koyo Steering Systems Ltd.,
operated two separate industrial units, namely a Steering Unit and an Axle
Unit. During the relevant assessment years 1992-93, 1993-94, 1994-95, 1995-96
...
Sidwal Refrigeration Industries Ltd. vs. Deputy Commissioner of Income Tax [With Connected Matter: CIT vs. Nestor Pharmaceuticals Ltd.] | Interpretation of 'Initial Assessment Year' under Section 80-IA / 80-IB of the Income Tax Act, 1961 — Whether Commencing Trial Production with Isolated or Incidental Sales Forms the Basis for Manufacturing Commencement Versus Full-Scale Commercial Production
Facts of the Case
The
Appellant Assessee, Sidwal Refrigeration Industries Ltd., set up an
industrial undertaking and claimed tax deduction benefits under Section
80-IA/80-IB of the Income Tax Act, 196...
COMMISSIONER OF INCOME TAX - III vs. SONA KOYO STEERING SYSTEMS LIMITED
Facts of the Case·
The assessee operated two independent
manufacturing units: a steering unit and an axle unit. ·
Durin...
Income Tax Department vs Assessee (ITA No. 1281/2009) – Delhi High Court Dismisses Appeal Due to Tax Effect Below ₹4 Lakh | Section 260A of the Income-tax Act, 1961
Facts of the CaseThe matter came before the Delhi High Court in an Income Tax
Appeal filed under Section 260A of the Income-tax Act, 1961. During the
hearing, it was brought to the notice of the Court that the tax effe...