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Commissioner of Income Tax v. Northern Aromatics Ltd. – Deduction under Section 80IA on Processing Charges Earned from Job Work Manufacturing | Delhi High Court
Facts of the CaseThe assessee, M/s Northern Aromatics Ltd.,
was engaged in manufacturing activities and claimed deduction under Section
80IA of the Income-tax Act, 1961. During the relevant assessment year, the
assess...
Commissioner of Income Tax v. HCL Info System Ltd. (Delhi High Court) – Sections 192, 201(1), 201(1A) & 10(5) of the Income-tax Act, 1961 – TDS on Leave Travel Allowance (LTA) and Conveyance Allowance – Bona Fide Estimate by Employer
Facts of the CaseM/s HCL Info System Ltd., engaged in the business of computer
hardware, was responsible for deducting tax at source from salaries paid to its
employees. During verification proceedings and a survey con...
Ashok Kumar Gupta vs Commissioner of Income Tax-III (Delhi High Court) – Waiver of Interest under Section 220(2A) of the Income Tax Act and Requirement of Reasoned Order
Facts of the
CaseThe petitioner, Ashok Kumar Gupta, challenged an
order dated 24 December 2002 passed by the Commissioner of Income Tax, whereby
his application seeking waiver of interest under Section 220(2A) of the ...
Durga Dass Aggarwal vs. Commissioner of Income-tax: Classification of Corporate Expenditure as Deemed Dividend under Section 2(22)(e)
Facts of the CaseThe appellant, Mr. Durga Dass Aggarwal, was the Chairman of
M/s Piping & Energy Private Limited, holding 63.7% of its shares, with the
remaining 36.3% held by his wife. Being a non-resident Indian,...
Commissioner of Income Tax vs Usha Stud & Agricultural Farms Pvt. Ltd. | Valuation of Foals, Depreciation on Horses & Agricultural Income – Delhi High Court
Facts of the
CaseThe assessee, Usha Stud & Agricultural Farms
Pvt. Ltd., was engaged in the business of breeding, maintaining, and dealing in
horses. It also carried on agricultural activities, the produce of whic...
Commissioner of Income Tax v. M/S Bramco India Pvt. Ltd. | Levy of Penalty under Section 271(1)(c) of the Income Tax Act, 1961 on Assessed Loss:
Facts
of the Case:
The assessee filed a return of income for the relevant assessment year,
declaring a loss. Upon assessment, the Assessing Officer (AO) determined the
income at a reduced loss figure after finding in...
Commissioner of Income Tax vs. M/s. HCL Info System Ltd.: Tax Deduction at Source (TDS) Obligations and Bona Fide Estimations on Leave Travel Allowance (LTA) under Section 10(5) of the Income Tax Act, 1961.
Facts of the CaseThe assessee, M/s. HCL Info System Ltd., deals in computer
hardware and is responsible for deducting tax at source (TDS) on employee
salaries. Following a survey under Section 133A of the Income-tax Ac...
Commissioner of Income Tax vs. M/S Basi Agricultural Farm Pvt. Ltd. & Ors.: Penalty under Section 271(1)(c) for Concealment Regardless of Assessed Loss
Facts of the CaseThe
Income Tax Appellate Tribunal (ITAT) had deleted penalties imposed under Section
271(1)(c) for various assessees, reasoning that if the final assessment
results in a "loss" instead of a "positive ...
Commissioner of Income Tax vs. M/s LG Electronic (India) Limited: Distinction Between 'Setting Up' and 'Commencement' of Business for Tax Deductions under Section 3(1) of the Income Tax Act, 1961
Facts of the CaseThe respondent, M/s LG Electronic (India) Limited, claimed a
deduction for various business expenses, including traveling, conveyance, rent,
telephone, brokerage, and sales promotion. The Assessing Off...
Commissioner of Income Tax v. Jagan Lamps Limited: Applicability of Penalty under Section 271(1)(c) for Concealed Income in Loss Scenarios
Facts of the CaseThe
matter involved a batch of appeals filed by the Revenue against orders passed
by the Income Tax Appellate Tribunal (ITAT). The common factual scenario across
these cases was that the assessee had ...