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Commissioner of Income Tax (Central) vs Padmini Technologies Ltd. [2011] 2011:DHC:4704-DB (Delhi High Court) – Deduction under Section 80HHC of the Income-tax Act, 1961
Facts of the Case
The
case related to Assessment Year 1999-2000.
The
assessee, Padmini Technologies Ltd., had claimed deduction under Section
80HHC of the Income-tax Act, 1961.
The
Income ...
Commissioner of Income Tax (Central) vs Padmini Technologies Ltd. [2011] 2011:DHC:4704-DB (Delhi High Court) Section 80HHC Deduction – Whether Turnover of Separate Domestic Unit Can Be Included in Total Turnover While Computing Export Profits Eligible for Deduction
Facts of the CasePadmini Technologies Ltd., the assessee, operated two distinct
business units. One unit was engaged in the multimedia business and carried out
export activities, while the other unit was engaged in the...
Commissioner of Income Tax (Central) vs Padmini Technologies Ltd. | Section 80HHC Deduction Claim Allowed – Revenue Appeal Dismissed by Delhi High Court
Facts of the Case
The
case related to Assessment Year 1998-99.
The
assessee, Padmini Technologies Ltd., claimed deduction under Section 80HHC
of the Income-tax Act, 1961.
The
deduction cla...
Commissioner of Income Tax vs. Enable Exports Pvt. Ltd. – Section 10B Deduction Allowed on Approval Granted by Development Commissioner to 100% Export Oriented Unit (EOU) | Delhi High Court
Facts of the Case
The
assessee filed its return of income for Assessment Year 2007-08 declaring
income of ₹20,23,243.
During
scrutiny assessment under Sections 143(2) and 143(3), the Assessing
...
Commissioner of Income Tax vs SPL's Siddhartha Ltd. | Reassessment Notice u/s 148 Invalid Without Mandatory Sanction Under Section 151(1) of the Income Tax Act | Delhi High Court
Facts of the CaseThe assessee, SPL's Siddhartha Ltd., filed its return of
income for Assessment Year 2002-03 declaring a loss of ₹27.63 lakhs. The return
was processed under Section 143(1).Subsequently, on 12 March 2...
Commissioner of Income Tax vs Foreign Assessee Company – No Penalty Under Section 271(1)(c) for Bona Fide DTAA Tax Computation Error Subsequently Corrected | Delhi High Court
Facts of the CaseThe respondent assessee was a foreign company operating in
India. For Assessment Years 2002-03 and 2003-04, it filed its income tax
returns declaring income of ₹2,77,83,950 and ₹12,19,216 respectiv...
CIT vs Foreign Assessee Company (Delhi High Court) – Deletion of Penalty under Section 271(1)(c) Where Revised Computation Filed After Genuine DTAA Tax Rate Mistake
Facts of the CaseThe respondent assessee was a foreign company operating in
India. For Assessment Years 2002-03 and 2003-04, it filed income tax returns
declaring income of ₹2,77,83,950 and ₹12,19,216 respect...
Commissioner of Income Tax vs Assessee – Eligibility of Deduction under Section 10B of the Income Tax Act on Claim of ₹19,13,653 | Delhi High Court | ITA No. 1320/2010
Facts of the CaseThe assessee claimed deduction under Section 10B of the
Income Tax Act in respect of an amount of ₹19,13,653. The Revenue
challenged the allowability of the deduction and preferred an appeal before t...
Commissioner of Income Tax vs. SKK Ltd. | Depreciation on Sale and Lease Back Transactions Allowed under Section 32 of the Income Tax Act | Delhi High Court
Facts of the Case
The
assessee entered into a purchase and lease-back transaction with M/s Asian
Electronics Ltd.
Pursuant
to the transaction, the assessee claimed depreciation of ₹1,74,11,000 on...
CIT vs Arihant Exports Ltd. (Delhi High Court) – Depreciation on Leased Gas Cylinders Allowed Despite Allegation of Bogus Transaction under Section 32 of the Income-tax Act, 1961 | ITA No. 349 of 2010
Facts of the CaseThe assessee, Arihant Exports Ltd., was engaged in the
business of financing and leasing. During Assessment Year 1994-95, the assessee
purchased gas cylinders from M/s Modern Steel Trading Company, Bha...