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Commissioner of Income Tax, Delhi vs. M/S Chaska Food Pvt. Ltd. | Imposition of Penalty Under Section 271(1)(c) on Assessed Losses and Applicability of Explanation 4 Post-1976 Amendment
Facts of the Case
Background
of the Appeal: The Revenue department, represented by the
Commissioner of Income Tax, Delhi, filed an appeal (designated as ITA
1074/2005) before the High Court of Delhi. ...
Sony India Pvt. Ltd. vs Commissioner of Income Tax, Delhi – Stay of Outstanding Tax Demand During Pendency of Appeal before CIT(A) under Section 220(6) of the Income Tax Act, 1961 | Delhi High Court
Facts of the CaseSony India Pvt. Ltd. filed a writ petition before the Delhi
High Court seeking protection against recovery of outstanding tax demand during
the pendency of its appeal before the Commissioner of Income ...
Commissioner of Income Tax, Delhi vs. M/s Chemical De Universe Ltd.: Deletion of Penalty u/s 271(1)(c) on Loss/Minus Figure Income and the Applicability of Explanation 4 Post-1976 Amendment
Facts of the CaseThe case originated from an appeal filed by the Revenue
(Commissioner of Income Tax, Delhi) challenging an order passed by the Income
Tax Appellate Tribunal (ITAT). The ITAT had deleted the penalty lev...
Glaxo Smith Kline Asia Pvt. Ltd. vs Commissioner of Income Tax & Others (Delhi High Court) – Section 245 & Section 244A of the Income Tax Act, 1961 | Refund Adjustment Against Outstanding Tax Demand
Facts of the CaseGlaxo Smith Kline Asia Pvt. Ltd. was engaged in the
manufacture and sale of fast-moving consumer products. The company did not
maintain its own administrative workforce except for a Company Secre...
Commissioner of Income Tax v. M/s Claridges Hotel P. Ltd.: Supreme Judicial Determination on the Leviability of Concealment Penalty u/s 271(1)(c) in Net Assessed Loss Scenarios and the Overriding Impact of Explanation 4 (Post-1976)
Facts of the CaseThe litigation originated from an appellate challenge
initiated by the Revenue (Commissioner of Income Tax) directed against an
unfavorable order passed by the Income Tax Appellate Tribunal (ITAT). The...
Commissioner of Income Tax vs. M/s TEJ Quebecor Printing Ltd. – TDS on Salary under Section 192 Not Applicable Where Salary Was Not Actually Paid | Sections 192, 201(1) & 201(1A) of the Income-tax Act, 1961
Facts
of the CaseThe respondent-company, M/s TEJ
Quebecor Printing Ltd., employed Mr. Lester Garnett, a Canadian national, on a
fixed remuneration package along with perquisites including rent-free
accommodation, car...
Commissioner of Income Tax, Delhi vs M/s Best Boards Ltd. – Penalty under Section 271(1)(c) in Loss Assessment Cases After Insertion of Explanation 4 | Delhi High Court
Facts of the CaseThe Revenue filed an appeal before the Delhi High Court
challenging the order of the Income Tax Appellate Tribunal (ITAT), which had
deleted the penalty imposed under Section 271(1)(c) of the Income-ta...
Siya Nand Gola vs. Commissioner of Income Tax & Ors | Non-Existent Surrender Letter Cannot Justify Unexplained Cash Credit Additions Under Section 68 of the Income Tax Act
Facts
of the CaseThe petitioner, Siya Nand Gola, was
engaged in the business of manufacturing and selling polyester buttons under
the name and style of "Glossy Polyester". During the assessment
proceedings for the as...
Commissioner of Income Tax, Delhi vs. M/S Calorex Holdings P. Ltd. | Validity of Penalty Under Section 271(1)(c) of Income Tax Act, 1961 on Assessed Loss/Minus Figure and Applicability of Explanation 4 Post-1976 Amendment
Facts of the Case
The
Revenue (Commissioner of Income Tax, Delhi) filed an appeal (ITA
1157/2005) against the order of the Learned Income Tax Appellate Tribunal
(ITAT) concerning the respondent-assess...
Commissioner of Income Tax vs. M/s Kavitra Silk & Sarees: Deletion of Section 271(1)(c) Penalty on Bonafide Section 80HHC Claims Based on Chartered Accountant's Report
Facts of the CaseThe respondent-assessee filed its original return of income
claiming a deduction under Section 80HHC of the Income Tax Act, 1961. This
claim was supported by a formal report issued by a Chartered Accou...