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Commissioner of Income Tax-XI vs. Sangeeta Wig | Capital Gains on Slump Sale – Section 50B & 54F, Income Tax Act, 1961
Facts of the
CaseThe appellant, Commissioner of Income Tax-XI,
challenged the order of the Income Tax Appellate Tribunal (ITA No. 4274/(Del)/2011)
concerning the assessment year 2008-09. The dispute arose over the
cl...
Director of Income Tax v. Cargill TSF Pte Ltd | Delhi High Court | Bill Discounting Charges Not Taxable as Interest under Section 2(28A) of Income Tax Act
Facts of the
CaseCargill TSF Pte Ltd, incorporated in Singapore and
a tax resident of Singapore, was engaged in providing financial services
including subscription, buying, underwriting, acquisition, holding and tradi...
Commissioner Income Tax-V vs Nipun Auto Pvt Ltd | Delhi High Court 2013 | Section 68 IT Act | Unexplained Investments & Share Application Money
Facts of the Case:
The appeal by the revenue challenged the order of the Income Tax Appellate
Tribunal (ITA No. 1493/2012) for Assessment Year 2006-07. The Assessing Officer
had added ₹37,75,465/- and ₹30,41,000/-...
Commissioner of Income Tax vs. Mehta Charitable Prajnalay Trust – Exemption under Sections 11, 11(4), 11(4A) and 260A of the Income Tax Act on Whether Business Income of a Charitable Trust Constitutes Property Held Under Trust
Facts of the
Case
Mehta Charitable Prajnalay Trust was established through a trust
deed dated 08.09.1971 with an initial corpus of approximately ₹2,200.
The trust objectives included advancement of education...
Commissioner of Income Tax-XIII vs Sh. Kanwaljit Singh (ITA 607/2010 & ITA 921/2010) – Delhi High Court | Income Tax Appeal under Section 147 & 148
Facts of the
CaseThe appeals before the Delhi High Court involved
the Commissioner of Income Tax-XIII as the appellant and Sh. Kanwaljit Singh as
the respondent. The core matter pertained to income tax assessmen...
Statutory Interpretation of Business Undertakings Held Under Trust Versus Commercial Exploitation of Assets: Delhi High Court Denies Section 11 and Section 11(4A) Tax Exemptions on Lease Rentals and Manufacturing Profits in Commissioner of Income Tax vs. Mehta Charitable Prajnalay Trust
Facts of the
CaseThe respondent, Mehta Charitable Prajnalay Trust,
was created in 1971 by B.D. Mehta and Raj Kumar Mehta. The trust deed
established objectives including promotion of education, research, moral and
sp...
Super Cassettes Industries Ltd. vs. Dy. Commissioner of Income Tax – Reopening of Assessment under Section 148 and Book Profit Computation under Section 115J of the Income Tax Act, 1961
Case Facts:
Four writ petitions (WP(C) 3406/2000, 6310/2000, 6320/2000,
6308/2000) were filed by Super Cassettes Industries Ltd. and Tony
Electronics Ltd. (later merged with the former) against the Dy...
Commissioner of Income Tax-II vs Living Media India Ltd – Delhi High Court 2013 | Section 147/148 Income Tax Act, Assessment Year 2006-07
Facts of the Case:
The assessee, Living Media India Ltd, filed its income tax return for the
Assessment Year 2006-07 on 29.11.2006. The original assessment was completed
under Section 143(3) on 26.12.2008. Subsequentl...
Detailed analysis of Commissioner of Income Tax, Central I, New Delhi vs J B Roy (ITA 546/2010) before the Delhi High Court, covering facts, issues, arguments, and court findings under Sections 143(3) & 147 of the Income Tax Act, 1961. Learn about reassessment procedures, relevant case law, and principles protecting assessee rights in tax disputes.
Facts of the Case:
The appellant, Commissioner of Income Tax, Central I, New Delhi, filed
an appeal against the respondent, J B Roy, challenging the order of the
Income Tax Appellate Tribunal. The dispute arose regard...
Judicial Review on the Scope of Charitable Tax Exemptions for Commercial Activities: Delhi High Court Clarifies the Legal Boundary Between Business Undertakings "Held Under Trust" and Non-Incidental Commercial Businesses under Section 11(1), Section 11(4), and Section 11(4A) of the Income Tax Act, 1961 in Commissioner of Income Tax vs. Mehta Charitable Prajanalay Trust
Facts of the
CaseThe case involves multiple appeals filed by the
Revenue under Section 260A of the Income Tax Act, 1961, concerning the
assessment years 1992-93, 1993-94, 1994-95, 2001-02, and 2005-06 to 2007-08...