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Shankar Trading (P) Ltd. Vs. Commissioner of Income Tax (Delhi High Court) – Lease Rent, Non-Compete Rights, Capital vs Revenue Expenditure and Section 40A(2) of the Income Tax Act, 1961
Facts of the
CaseShankar Trading (P) Ltd., engaged in the business
of manufacturing and trading Katha and Cutch, had taken on lease a factory unit
belonging to Mehta Charitable Prajnalaya Trust with effect from 01.06....
Krishak Bharati Cooperative Ltd. vs Commissioner of Income Tax & Anr. – Section 80-I Deduction on Interest Income and Tank Hire Charges | Revision under Section 263 of Income Tax Act
Facts of the CaseThe assessee, Krishak Bharati Cooperative Ltd., a
multi-state cooperative society engaged in the manufacture and sale of Urea and
Ammonia at its Hazira plant in Gujarat, claimed deduction under Section...
Shanker Trading (P) Ltd. vs Commissioner of Income Tax (Delhi High Court) – Section 40A(2) of Income Tax Act | Lease Rent, Capital vs Revenue Expenditure & Non-Compete Payment
Facts of the CaseM/s Shanker Trading (P) Ltd., engaged in the
business of manufacturing Katha and Cutch, had taken a manufacturing unit on
lease from Mehta Charitable Prajnalaya Trust from 01.06.1978.Initially lease re...
M/s Shankar Trading (P) Ltd. vs Commissioner of Income Tax (Delhi High Court) – Section 40A(2), Capital vs Revenue Expenditure on Lease Rental and Non-Compete Rights under Income Tax Act, 1961
Facts of the Case
M/s Shankar Trading Pvt. Ltd. was engaged in the business of
manufacturing and trading Katha and Cutch.
The assessee had taken a factory unit on lease from Mehta
Charitable Prajnalaya T...
Commissioner of Income Tax–III vs. Shonkh Technology Ltd. – Reassessment Proceedings under Sections 147, 148 and 143(3) of the Income Tax Act, 1961 – Validity of “Reasons to Believe” for Escaped Income Assessment
Facts of the CaseShonkh Technology Ltd., incorporated in 1998, was
engaged in software production activities. For Assessment Year 2000–01, the
assessee had filed its return which was assessed at approximately ₹12.3...
Krishak Bharati Cooperative Ltd. vs Additional Commissioner of Income Tax | Delhi High Court | Section 80P / Income Tax Appeals on Taxability and Cooperative Society Income
Facts of the CaseKrishak Bharati Cooperative Ltd. filed Income Tax
Appeals before the Delhi High Court challenging the assessment proceedings and
findings made by the tax authorities. The appeals involved issues concer...
Krishak Bharati Cooperative Ltd. vs Additional Commissioner of Income Tax | Delhi High Court | ITA Nos. 163/2011, 1215/2011 & 1216/2011 | Tax Appeal Dismissed Following Earlier Decision
Facts of the Case
Krishak Bharati Cooperative Ltd. filed appeals before the Delhi
High Court challenging tax-related findings.
The appeals involved issues that had already arisen in connected
litigation ...
Krishak Bharati Cooperative Ltd. vs Additional Commissioner of Income Tax – Delhi High Court on Dismissal of Appeals Following Earlier Decision in Krishak Bharati Cooperative Ltd. vs Deputy CIT
Facts of the Case
Krishak Bharati Cooperative Ltd. filed appeals before the Delhi
High Court challenging orders passed by the Income Tax authorities.
The appeals were registered as ITA No. 163/2011, ITA No. 121...
M/s Omaxe Ltd. Through Jai Bhagwan Goel vs Assistant Commissioner of Income Tax & Anr. | Reassessment under Section 148 after Settlement Commission Order – Finality of Settlement under Sections 245D, 245F & 245I of the Income Tax Act, 1961
Facts of the
Case
M/s Omaxe Ltd., a public limited company engaged in real estate
business, was subjected to a search operation under Section 132 of the
Income Tax Act on 22.09.2005.
The company filed it...
Maruti Center for Excellence & Anr. vs Income Tax Officer (E) | Delhi High Court on Reopening of Assessment under Sections 147/148 Without Allegation of Failure to Disclose Material Facts
Facts of the
Case
The petitioner, a society registered under the Societies
Registration Act, filed its income tax return for Assessment Year 2004–05
declaring NIL income and claiming exemption under Sect...