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Commissioner of Income Tax-X vs Satish Kumar Agarwal | Rectification under Section 154 & 80HHC Deduction | Delhi High Court 2011
Facts of the
Case:The respondent, Satish Kumar Agarwal, an exporter,
claimed a deduction under Section 80HHC of the Income Tax Act, 1961 for the
assessment year 2002-2003. The Assessing Officer initially allowed Rs.
...
Commissioner of Income Tax-IV vs M/s Francis Wacziarg – Taxability of Income from Hotel Properties & Disallowance of Expenses under Income Tax Act, 1961 (Sections 32, 2(22)(e), 154, 260A)
Facts of the
Case:The appellant, Commissioner of Income Tax-IV, filed
an appeal under Section 260A challenging the Income Tax Appellate Tribunal’s
decision relating to the assessment year 2003-04. The respondent, M/...
Commissioner of Income Tax Delhi-IV vs. EON Technology Pvt. Ltd. – Interpretation of Section 40(a)(ia), Section 5(2) & Section 9 of the Income Tax Act, 1961 on TDS Liability for Commission Paid to Non-Resident
Facts of the
Case:The respondent, EON Technology Pvt. Ltd., a
private limited company engaged in software development and export, paid a
commission of Rs. 33,36,068/- to its parent company, EON Technologies, U.K.
(ET...
Commissioner of Income Tax Delhi vs Ms Alka Dalmia – Taxability of Surrender of Tenancy Rights under Section 10(3) and Capital Gains under Income Tax Act, 1961
Facts of the
Case
The respondent, Ms. Alka Dalmia, received Rs. 1 crore from Bennet
Coleman and Company Ltd. for surrender of tenancy rights in property No.
15, Motilal Nehru Marg, New Delhi.
The Assessi...
Commissioner of Income Tax vs Meera Chatterjee – Applicability of Section 10(3) and Capital Nature of Tenancy Rights under the Income Tax Act, 1961
Facts of the
Case
The respondent, Meera Chatterjee, received ₹1 crore for
surrendering tenancy rights in property No. 15, Motilal Nehru Marg from M/s
Bennet Coleman and Company Limited (BCCL).
She clai...
Commr. of Income Tax Delhi & Ors. vs B.K. Bhagat: Capital Gains Treatment on Surrender of Tenancy Rights under Section 45 and Section 10(3) of Income Tax Act, 1961
Facts of the
Case
The appeal concerns the assessment year 1993-94, involving
taxation of Rs. 65,51,000 received by respondent B.K. Bhagat upon
surrendering tenancy rights in the property at 56, Jor Bagh, N...
M/s Jagatjit Industries Limited vs Dy. Commissioner of Income Tax – Investment Allowance on Foreign Currency Fluctuation under Section 43A
Facts of the
CaseThe appellant, M/s Jagatjit Industries Limited,
claimed investment allowance for the assessment year 1984-85 on an enhanced
liability of Rs. 1,71,527 due to fluctuation in foreign currency rates. The
...
Jagatjit Industries Ltd. vs Dy. Commissioner of Income Tax, Central-VI | Section 43A & Investment Allowance Dispute
Facts of the
Case:Jagatjit Industries Ltd. (Appellant) challenged the
denial of investment allowance on an enhanced liability of Rs. 2,90,226/-,
which arose due to foreign currency fluctuations under Section 43A of th...
Venad Properties Private Limited vs Commissioner of Income Tax – Service of Notice under Section 158BC and Block Assessment under Income Tax Act, 1961
Facts of the
Case:Venad Properties Pvt. Ltd. challenged the block
assessment order dated 28th November 1997 under Section 158BC read with Section
144 of the Income Tax Act, 1961, arguing:
No search under Section 132...
Commissioner of Income Tax vs M/s Jagatjit Industries Limited – Section 32A & 43A Investment Allowance on Foreign Exchange Fluctuations
Facts of the
CaseThe respondent, M/s Jagatjit Industries Limited,
claimed investment allowance on imported plant and machinery under Section 32A
of the Income Tax Act, 1961. The addition of Rs. 1,76,175/- to the cost ...