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Commissioner of Income Tax, Delhi vs M/s S.R. Fragrances Ltd. (Delhi High Court) – Section 260A Income-tax Act | Deletion of Addition on Alleged Suppression of Production Due to Shortage/Wastage of Raw Material | No Substantial Question of Law Arises from ITAT’s Findings of Fact
Facts of the CaseThe assessee, M/s S.R. Fragrances Ltd., was engaged in the
business of manufacturing pan masala. During assessment proceedings for
Assessment Year 1994-95, the Assessing Officer observed that the tax a...
Commissioner of Income Tax vs. M/S Itochu Corporation: Deletion of Section 271C Penalty under Income-tax Act on Salaries Paid to Expatriates Outside India
Facts
of the CaseThe respondent, M/S Itochu Corporation,
is a company incorporated in Japan that operates a liaison office in Delhi,
India, for its business activities. The company deputed Japanese employees to
work ...
Vallabh Dass vs Income Tax Settlement Commission & Others – Whether Income Tax Settlement Commission Can Rectify a Final Settlement Order Under Sections 154, 245D(4) and 245-I of the Income-tax Act, 1961
Facts of the CaseThe petitioners had approached the Income Tax
Settlement Commission in 1994 by filing applications under Section 245C of the
Income-tax Act, 1961. After considering the materials on record and he...
Rakesh Kumar Aggarwal vs Commissioner of Income Tax (Delhi) – Rejection of Security Offered for Stay of Tax Recovery Proceedings, Scope of Commissioner’s Discretion and Limited Judicial Review by Delhi High Court (CW 5385/2003, Order Dated 17 November 2003)
Facts of the CaseThe petitioner, Rakesh Kumar Aggarwal, filed a writ petition
challenging the order dated 24/25 July 2003 passed by the Commissioner of
Income Tax, Delhi-XIII, New Delhi. By the impugned order, the Comm...
Commissioner of Income Tax vs M/s Ansal Housing & Construction – Power of ITAT to Recall Ex Parte Order and Restore Appeal Under Rule 24 of the ITAT Rules, 1963 | Section 255, Income-tax Act, 1961
Facts of the CaseThe Revenue filed an appeal before the Delhi High
Court challenging the order of the Income Tax Appellate Tribunal (ITAT),
whereby the Tribunal had allowed the assessee’s application seeking recall o...
Commissioner of Income Tax-VI, New Delhi vs M/s Tej Quebecor Printing Ltd. – Depreciation on Foreign Exchange Fluctuation Adjustment under Section 43A of the Income-tax Act, 1961 on Imported Capital Assets and Foreign Currency Loans
Facts of the CaseThe Revenue filed an appeal before the Delhi High Court
under Section 260A of the Income-tax Act, 1961 challenging the order of the
Income Tax Appellate Tribunal (ITAT) for Assessment Year 1996-97. The...
Commissioner of Income Tax-VIII, New Delhi vs IFFCO Limited (Delhi High Court) – Section 43A & Section 260A of the Income-tax Act, 1961 | Depreciation on Imported Capital Assets Adjusted for Foreign Exchange Fluctuation | Allowability of Enhanced Depreciation Based on Exchange Rate Variation | Scope of Actual Cost Adjustment Under Section 43A
Facts of the CaseThe Revenue filed an appeal before the Delhi High Court
under Section 260A of the Income-tax Act, 1961, challenging the order of the
Income Tax Appellate Tribunal relating to Assessment Year 1991-92.Th...
Sita World Travel (India) Ltd. vs Commissioner of Income Tax, Delhi & Another (Delhi High Court) – Reassessment under Sections 147/148 Invalid Due to Mere Change of Opinion and Full Disclosure of Material Facts
Facts of the
CaseThe petitioner, Sita World Travel (India) Ltd., was
engaged in the business of providing travel and tour operator services to
foreign tourists. The company earned commission from hotels, airline...
Chanderpal Singh vs Income Tax Officer [Delhi High Court] – Whether Mere Confirmation of Loan and Production of Creditor Discharges Onus under Section 68? Creditworthiness, Genuineness of Cash Credits and Maintainability of Appeal under Section 260A
Facts of the CaseThe assessee, Chanderpal Singh, filed an appeal before the
Delhi High Court under Section 260A of the Income-tax Act, 1961 against the
order of the Income Tax Appellate Tribunal (ITAT) relating to Asse...
Commissioner of Income Tax-VIII, New Delhi vs IFFCO Limited (Delhi High Court) – Section 43A & Section 260A of the Income-tax Act, 1961 – Depreciation on Increased Cost of Imported Plant & Machinery Due to Foreign Exchange Fluctuation – Adjustment to Actual Cost and Written Down Value for Depreciation Purposes
Facts of the CaseThe Revenue filed an appeal under Section 260A of the
Income-tax Act, 1961 challenging the order of the Income Tax Appellate Tribunal
(ITAT) relating to Assessment Year 1992-93. The dispute concerned t...