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M/S Modipon Limited v. The Assistant Commissioner of Income Tax and Others: Validity of Reassessment Proceedings under Section 147 of the Income Tax Act, 1961, Following the Finality of Judicial Determinations Regarding the Effective Date of Corporate Amalgamation Schemes
Facts of the Case
Original
Assessments: The Assessing Officer completed original
assessment proceedings under Section 143(3) of the Income Tax Act, 1961
for the Assessment Years (AY) 1984-85 and 1985-...
Commissioner of Income Tax vs. Mohan Meakin Limited: Cessation of Liability and Taxability of Unclaimed Credit Balances Written Off Under Section 41(1)
Facts of the Case
The
respondent-assessee (M/s Mohan Meakin Limited) wrote back an
aggregate amount of ₹17,39,263 into its Profit and Loss Account
during the relevant previous year.
This
wr...
Essel Shyam Communication Ltd. vs. Commissioner of Income Tax: Scope of Deductions under Section 80-IA(4)(ii) for Telecommunication and Satellite Service Undertakings.
2. Facts of the Case
The
Assessee's Profile: The assessee, M/s Essel Shyam
Communication Ltd., is a public limited company providing satellite-based
telecommunication solutions, including VSAT service...
SMCC Construction India Ltd. vs. Deputy Commissioner of Income Tax: Section 147/148 Reopening of Assessment and Mandatory Compliance with GKN Driveshafts Guidelines
1. Facts of the Case
Parties
involved: The Petitioner, SMCC Construction India Ltd.
, filed a writ petition in 2007 challenging the action taken by the
Respondent, the Deputy Commissioner of Income Ta...
Gupta Perfumers (P) Ltd. Versus Income Tax Settlement Commission & Others: High Court of Delhi Upholds Denial of Immunity for Proxy Settlement Applications Involving Seized Documents of Third Parties under Sections 245D and 245-I of the Income-tax Act
Facts of the Case
Company
& Business Profile: The petitioner, Gupta
Perfumers (P) Ltd., was incorporated on February 15, 1973, to manufacture
perfumery compounds and flavoured essence concentrates...
Director of Income Tax vs. Shin Satellite Public Co. Ltd.: Taxability of Transponder Hire Charges from Satellite Services as Royalty Income under Section 9(1)(vi) of the Income Tax Act, 1961
Facts of the Case
Assessee
Profile: The respondent/assessee, Shin Satellite
Public Co. Ltd., is a resident corporate entity of Thailand and holds a
license for satellites owned by the Government of Th...
Director of Income Tax (Exemptions) vs. Maruti Center for Excellence | Section 11, 12AA & 13(1)(c) of Income Tax Act – Scope of AO's Power to Re-examine Charitable Status of Registered Trusts
Facts of the Case
The
Assessee: Maruti Center for Excellence was established
as a society on June 24, 2002. Its initial founding body and management
consisted of executives from Maruti Udyog Limited (...
Artech Infosystems Pvt. Ltd. v. Commissioner of Income Tax: Validity of Reassessment Under Section 147 Based on Change of Opinion
Facts of the Case
Assessee
Profile & Original Assessment: The Petitioner, Artech
Infosystems Pvt. Ltd., filed its Return of Income for the Assessment Year
(AY) 2003-04 on November 28, 2003, declar...
Director of Income Tax vs. Maruti Center for Excellence: Interpretation of Section 13(1)(c) and Section 13(3) regarding ‘Benefit’ and ‘Adequate Compensation’ under the Income Tax Act
Facts of the Case
The
Assessee: Maruti Center for Excellence (MACE) is a
society registered under Section 12A of the Income Tax Act, 1941, as a
charitable institution. It was established with the prim...
Commissioner of Income Tax vs. Havells India Ltd. | Taxability of Fees for Technical Services Utilized for Export Business Under Section 9(1)(vii)(b) of the Income Tax Act, 1961
Facts of the Case
The
Assessee (Havells India Ltd.) is an Indian corporate entity engaged in
manufacturing switch gears, energy meters, cables, wires, and other
electrical components.
During
...