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Sidwal Refrigeration Industries Ltd. v. Deputy Commissioner of Income Tax, Circle-8(1) | Appeal under Section 260A of the Income Tax Act, 1961 regarding the computation of deductions and assessment of business income.
Facts of the Case
The
Appellant, Sidwal Refrigeration Industries Ltd., preferred an appeal
before the High Court of Delhi against the order of the Income Tax
Appellate Tribunal.
The
appeal, r...
Sanatan Dharam Education Trust, New Delhi v. Director General of Income Tax, Delhi | Section 10(23C)(vi) of the Income Tax Act, 1961 – Exemption to Educational Institutions Existing Solely for Educational Purposes | Delhi High Court
Facts of the CaseThe petitioner, Sanatan Dharam Education Trust, New Delhi,
challenged the order dated 25.03.2008 passed by the Director General of Income
Tax (Exemptions), Delhi, whereby the petitioner's application s...
Smt. Urmila Gambhir (LH of Late Shri Subhash Gambhir) vs. Commissioner of Income Tax: High Court of Delhi on the Inadmissibility of Loose Sheets/Dumb Documents Without Correlative Evidence under Section 158BC and Evaluation of Unexplained Jewellery Additions under Section 158BB(b) of the Income Tax Act
Facts of the Case
The
late Shri Subhash Gambhir (the original assessee, represented by his legal
heir, Smt. Urmila Gambhir) was a Promoter Director of M/s. D.D. Industrial
Corporation Limited.
On
...
Commissioner of Income Tax v. Assessee | Section 68 of the Income Tax Act, 1961 – Whether Cash Withdrawn from Bank and Subsequently Redeployed Can Be Treated as Unexplained Cash Credit | Delhi High Court | ITA No. 1305/2009 | 2009:DHC:8884-DB
Facts of the CaseThe Assessing Officer made an addition of ₹60,00,000 under
Section 68 of the Income Tax Act on the ground that the amount represented
unexplained cash.The assessee explained that the amount had been ...
COMMISSIONER OF INCOME TAX - III VS. SONA KOYO STEERING SYSTEMS LIMITED: Computation of Deduction Under Section 80-I
Facts of the Case·
The assessee maintained two distinct
units, specifically a steering unit and an axle unit. ·
During ...
Commissioner of Income Tax Vs. M/s Eicher Ltd.: Delhi High Court Judgement on Deletion of Accrued Interest Income under Section 260A of Income Tax Act, 1961 – Application of Real Income Theory and Commercial Expediency in Sticky Inter-Corporate Deposits and Non-Recovery Settlements
Facts of the Case
The
Parties & Assessment: The Appellant
(Revenue/Commissioner of Income Tax) filed an appeal against the
Respondent-Assessee (M/s Eicher Ltd.) pertaining to the Assessment Year
...
Appellant v. Respondent | Income Tax Appeal Dismissed as Withdrawn After Allowance of Rectification Application Under Section 154(2) of the Income Tax Act, 1961 | Delhi High Court | ITA No. 1306/2009 | 2009:DHC:8894-DB
Facts of the CaseThe appellant had filed an appeal before the Delhi High Court
challenging an order arising under the Income Tax Act.During the pendency of the appeal, the appellant filed an
application under Section 1...
Commissioner of Income Tax vs. M/S International Research Park Laboratories Ltd. – Inclusion of Commission Income and Assignment Profits in Business Profits for Determining Deduction Quantum and Export Eligibility under Section 80HHC of the Income Tax Act, 1961
Facts of the Case
The
Revenue Department (Petitioner) filed two reference cases before the High
Court of Delhi concerning the Assessment Years 1990-1991 and 1991-1992.
The
Respondent-Assessee, M/S ...
P.P.C. Business & Products Pvt. Ltd. vs Chief Commissioner of Income Tax: Waiver of Interest Under Sections 234A, 234B & 234C
Facts of
the CaseThe Central Bureau of Investigation (CBI) conducted a raid on
the Petitioner-company's premises on April 1, 2001, and April 3, 2001.The CBI seized the company's books of accounts and other
documents, ...
Public Sector Undertaking v. Assessee | Income Tax Appeal Dismissed for Want of Committee on Disputes (COD) Approval | Delhi High Court | ITA Nos. 1370 & 1371 of 2009 | 2009:DHC:8944-DB
Facts of the CaseThe appellant, a Public Sector Undertaking, filed Income Tax
Appeals before the Delhi High Court.The appellant informed the Court that approval from the
Committee on Disputes (COD) was mandatory before...