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Commissioner of Income Tax v. Ankitech Pvt. Ltd. | Deemed Dividend under Section 2(22)(e) Taxable Only in Hands of Shareholder and Not Concern Receiving Loan | Delhi High Court
Facts of the Case
The
assessee company received advances amounting to ₹6,32,72,265/- through
book entries from M/s Jakson Generators Pvt. Ltd. (JGPL).
Certain
shareholders holding substantial inte...
Dy. Commissioner of Income Tax vs M/s. Insilco Ltd. – Deduction of Bad Debts under Sections 36(1)(vii) & 36(2) of the Income Tax Act, 1961
Facts of the CaseThe appeal was filed by the Revenue under Section 260A
of the Income Tax Act, 1961, against the Tribunal’s order regarding the assessment
year 2004-05. The assessee, M/s. Insilco Ltd., claimed bad de...
Commissioner of Income Tax vs. Ravi Dass Garg: Deletion of Search-Based Income Tax Additions Upheld Due to Lack of Substantive Question of Law
Facts of the Case
A
search operation was conducted by the Income Tax Department at the
premises of a specific group of assessees, which included the respondent,
Ravi Dass Garg, alongside other individ...
Commissioner of Income Tax vs Assessee – Delhi High Court Dismisses Revenue Appeals on Low Tax Effect Below ₹10 Lakhs | ITA Nos. 285/2010 & 331/2010 (2011)
Facts of the
CaseThe Revenue filed two Income Tax Appeals before the
Delhi High Court. During consideration of the appeals, it was noted that the
combined tax effect involved in both matters was less than ₹10 lakh. ...
Halcrow Consulting India Pvt Ltd vs Commissioner of Income Tax-IV & Ors | Refund Application Delay – Delhi High Court
Facts of the CaseThe petitioner, Halcrow Consulting India Pvt Ltd,
filed applications for a refund from the Income Tax authorities. Despite
submitting their representation, the petitioner’s requests had not been
add...
Commissioner of Income Tax vs National Agricultural Co-operative Marketing Federation of India Ltd: Delhi HC on Disallowance of PSS Indirect Expenses & Section 80P(2)(d) Deduction
Facts of the CaseThe appeals arise under Section 260A of the Income Tax Act,
1961 challenging orders of the Income Tax Appellate Tribunal (ITAT)
regarding:
Deletion
of additions made by the Assessing Officer (A...
Commissioner of Income Tax (TDS) vs. ITC Ltd. & C.J. International Hotels Ltd. | TDS on Tips Distributed to Hotel Employees – Whether Tips Constitute Salary under Sections 15, 17 & 192 of the Income-tax Act, 1961
Facts of the CaseThe assessees, ITC Ltd. and C.J. International
Hotels Ltd., were engaged in the business of owning, operating and managing
hotels. Surveys under Section 133A of the Income-tax Act, 1961 were conducted
...
Assessee vs Commissioner of Income Tax (Delhi High Court) | ITA Nos. 285/2010 & 331/2010 | Appeals Dismissed Due to Low Tax Effect Below ₹10 Lakhs.
Facts of the CaseThe Revenue/Appellant preferred Income Tax Appeals
before the Delhi High Court under the provisions of the Income-tax Act, 1961.At the time of consideration, the Court noted that
the combined tax effec...
Funds Corporation & Another vs Assistant Director of Income Tax, New Delhi & Others | Delhi High Court | W.P.(C) Nos. 2895/2011 & 2896/2011
FACTS OF THE CASE1.
eFunds
Corporation and another petitioner filed W.P.(C) No. 2895/2011 before the Delhi
High Court.2.
eFunds
IT Solution Group Inc. file...
Commissioner of Income Tax, Delhi-IV vs HLS India Ltd. (Now HLS Asia Ltd.) | Whether Wireline Logging and Data Processing Activities Constitute Manufacturing or Production for Deduction under Sections 32A, 80-IA & 80-IB of the Income-tax Act, 1961 – Delhi High Court
Facts of the CaseHLS India Ltd. (now HLS Asia Ltd.) is engaged in providing
specialized wireline logging and perforation services to oil exploration
companies such as Oil India Limited (OIL) and Oil and Natural Gas Cor...