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DCM Limited vs Commissioner of Income Tax (Delhi High Court) – Taxability of Amount Credited to Molasses Storage Fund under Income Tax Act 1961
Facts of the CaseThe assessee, M/s DCM Limited, had credited certain
amounts to the Molasses Storage Fund out of the sale proceeds of
molasses during the relevant assessment years.The amounts involved were:
Assessmen...
M/s DCM Limited vs Commissioner of Income Tax (Delhi High Court) – Taxability of Molasses Storage Fund Receipts under the Income-tax Act 1961
Facts of the
CaseM/s DCM Limited, the assessee, filed appeals before
the Delhi High Court concerning the inclusion of amounts credited to the Molasses
Storage Fund in its taxable income.For Assessment Year 1988-89, th...
Commissioner of Income Tax vs National Thermal Power Corporation Ltd. (NTPC) – Appeal Dismissed for Want of Clearance from High Powered Committee | Delhi High Court | ITA No. 756/2004
Facts of the
CaseThe appeal was filed by the Income Tax Department
against National Thermal Power Corporation Ltd. (NTPC), a Central
Government Undertaking. The matter came before the Delhi High Court for
considerati...
Commissioner of Income Tax, Delhi (Central)-III, New Delhi vs M/s Karan Engineering (P) Ltd. – Satisfaction of Assessing Officer under Section 158BD is a Question of Fact | Delhi High Court
Facts of the
CaseThe matter arose from proceedings initiated under
Section 158BD of the Income-tax Act pursuant to documents seized during a
search operation. The Revenue contended that the seized material reflected
...
Commissioner of Income Tax, Delhi-IV, New Delhi vs M/s Deltron Ltd. – No Substantial Question of Law Arises on Deletion of Penalty/Additions Following Settled Judicial Precedents | Delhi High Court
Facts of the
CaseThe Revenue filed an appeal before the Delhi High
Court against the order passed in favour of M/s Deltron Ltd. The dispute
related to issues already settled by judicial precedents. The Revenue sought
...
Commissioner of Income Tax vs Assessee (ITA No. 19/2003) – Hybrid System of Accounting Accepted by Department; No Substantial Question of Law Arises
Facts of the
CaseThe assessee had been consistently following the hybrid
system of accounting for its business transactions. This accounting method
had been regularly accepted by the Income Tax Department in earlier y...
Pr. Commissioner of Income Tax vs National Thermal Power Corporation of India Ltd. (NTPC) | Delhi High Court | ITA No. 769/2004 | Clearance from High Powered Committee for Revenue–PSU Litigation
Facts of the
CaseThe Revenue filed an appeal before the Delhi High
Court against National Thermal Power Corporation of India Ltd. (NTPC), a Public
Sector Undertaking of the Government of India. During the hearing, cou...
Pr. Commissioner of Income Tax vs National Thermal Power Corporation of India Ltd. (NTPC) | Delhi High Court | ITA No. 769/2004 | Clearance from High Powered Committee for Revenue–PSU Litigation
Facts of the
CaseThe Revenue filed an appeal before the Delhi High
Court against National Thermal Power Corporation of India Ltd. (NTPC), a Public
Sector Undertaking of the Government of India. During the hearing, cou...
Pr. Commissioner of Income Tax (Revenue) vs National Thermal Power Corporation Ltd. (NTPC) – Appeal Disposed for Want of High Powered Committee Clearance | Delhi High Court | ITA No. 769/2004
Facts of the
CaseThe appeal was filed by the Revenue against National
Thermal Power Corporation Ltd. (NTPC), a Government of India Public Sector
Undertaking (PSU).At the time of hearing, the appellant's counsel
infor...
Commissioner of Income Tax vs IFFCO Ltd. – Section 43B & Deductibility of Contribution to Cooperative Education Fund under the Income-tax Act, 1961
Facts of the
CaseThe Revenue filed appeals under Section 260A of the
Income-tax Act, 1961 challenging the order of the Income Tax Appellate
Tribunal. The dispute concerned the allowability of deduction claimed by IFFC...