Blog Categories
All Posts
Accounting Standard 7
CBDT 1
Chartered Accountant 1
Chartered Engineer 1
Greetings 1
Income Tax Act 2025 0
Labour Law 2
MCA Notification 1
MSME 1
NGO- Trust & Society 0
PLACEMENT 1
Press Information Bureau, Government of India (PIB) 2
RBI & Banks 1
RERA 0
RTI 1
STUDENT ICAI 1
Virtual Webinar 5
Subscribe to Newsletter
Join our subscribers list to get the latest Tax Updates and Opportunities.
Sunbeam Auto Private Limited vs Principal Commissioner of Income Tax (Delhi High Court) – Sales Tax Subsidy Held as Capital Receipt under Sections 143(3) and 264 of the Income Tax Act, 1961
Facts of the CaseSunbeam Auto Private Limited received sales tax subsidy under
an industrial incentive scheme. During assessment proceedings for Assessment
Years 2007–08 to 2010–11, the Assessing Officer treated th...
Commissioner of Income Tax, Delhi vs Maruti Suzuki India Ltd. | Taxability of Duty Drawback Income under the Income-tax Act | Delhi High Court
Facts of the CaseThe Revenue preferred an appeal before the Delhi High Court
challenging the order passed by the Income Tax Appellate Tribunal (ITAT) dated
29 October 2010 in relation to Assessment Year 1998-99. The Tr...
Commissioner of Income Tax, Delhi vs Maruti Suzuki India Ltd. | Penalty under Section 271(1)(c) of the Income Tax Act, 1961 on Debatable Tax Issues – Delhi High Court Judgment
Facts of the CaseThe Revenue preferred an appeal before the Delhi High Court
challenging the order passed by the Income Tax Appellate Tribunal (ITAT) dated 11
September 2009 for Assessment Year 1999–2000. The ITAT ha...
Commissioner of Income Tax, Delhi vs Maruti Suzuki India Ltd. | Delhi High Court Upholds Deduction of Customs Duty under Section 43B on Imported Components Used for Export
Facts of the CaseThe present appeal was filed by the Revenue before the Delhi
High Court challenging the order of the Income Tax Appellate Tribunal (ITAT)
for Assessment Year 2005–06. The dispute arose regarding the ...
Commissioner of Income Tax, Delhi vs Maruti Suzuki India Ltd. | Delhi High Court | Custom Duty Valuation, Closing Stock Adjustment & Sales Tax Subsidy under the Income Tax Act, 1961
Facts of the CaseMaruti Suzuki India Ltd., engaged in automobile manufacturing,
claimed deductions and accounting treatment in relation to customs duty on
imported components used for export purposes and inventory valu...
Delhi High Court | Commissioner of Income Tax, Delhi vs Maruti Udyog Ltd. (Now Maruti Suzuki India Ltd.) — Section 43B of the Income-tax Act, 1961 | Unutilized MODVAT Credit, Excise Duty & Sales Tax Deduction
Facts of the CaseMaruti Suzuki India Limited, engaged in manufacturing and sale
of automobiles, claimed deduction under Section 43B in respect of:
Unutilized
MODVAT credit carried forward from earlier years and
...
Pr. Commissioner of Income Tax-6 v. Maruti Udyog Ltd. | Delhi High Court on Customs Duty Adjustment in Closing Stock and Sales Tax Subsidy as Capital Receipt under the Income Tax Act, 1961
Facts of the CaseMaruti Udyog Ltd. had imported components for export purposes
and incurred customs duty liability. At the close of the financial year,
exports in respect of some imported components had not yet been co...
Commissioner of Income Tax, Delhi vs Maruti Udyog Ltd. | Delhi High Court on Duty Drawback Accrual, MODVAT Credit Adjustment, Section 43B, Section 80-IB and Section 80HHC Deduction
Facts of the CaseThe Revenue filed an appeal before the Delhi High Court
challenging the order of the Income Tax Appellate Tribunal (ITAT) for
Assessment Year 2004–05. The dispute arose from four major issues:
Dete...
Maruti Udyog Ltd. vs Commissioner of Income Tax, Delhi | Delhi High Court on Section 43B Deduction, MODVAT Credit & Software Expenditure [ITA No. 442/2005]
Facts of the Case
Disallowance
of excise duty deposited in the Personal Ledger Account (PLA) amounting to
Rs. 2,93,59,644.
Disallowance
of unutilized MODVAT credit amounting to Rs. 65,43,26,890.
...
Commissioner of Income Tax, Delhi vs M/s Maruti Udyog Ltd. | Delhi High Court on Deletion of Addition for Alleged Excess Consumption of Raw Materials under the Income Tax Act, 1961
Facts of the CaseThe Revenue filed an appeal against the order of the Income
Tax Appellate Tribunal dated 5 September 2008 for Assessment Year 2000–01. The
Assessing Officer had made a total addition of ₹53,05,13,9...