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Commissioner of Income Tax v. International Airport Authority of India Ltd. – Requirement of Committee on Disputes (COD) Clearance Before Filing Appeals | Delhi High Court | ITA No. 464/2005
Facts of the CaseThe Revenue filed several appeals before the Delhi
High Court against Public Sector Undertakings (PSUs), including International
Airport Authority of India Ltd., without producing the mandatory clearan...
Commissioner of Income Tax v. M/s Digvijay Chemicals Ltd. (ITA No. 452/2006) – Jurisdiction of High Court for Appeal under Section 260A Determined by Situs of Assessing Officer and Assessment Proceedings
Facts of the CaseThe Revenue
filed an appeal before the Delhi High Court under Section 260A of the
Income-tax Act against an order passed by the Income Tax Appellate Tribunal
(ITAT), Delhi. The respondent-assessee, M/...
Commissioner of Income Tax, Delhi vs M/s Aero Club (ITA No. 508/2005) – Delhi High Court | ITAT’s Power to Recall Order under Section 254(2) and Rectification of Mistake under Section 43B
Facts of the
CaseThe respondent-assessee's appeal before the Income
Tax Appellate Tribunal (ITAT), Delhi Bench, was disposed of by order dated 4
October 2004. The Tribunal held that payments towards ESI, Provident Fun...
Commissioner of Income Tax v. Milk Food Ltd. (ITA No. 153 of 2005) – Taxability of Non-Compete Fee and Trademark Transfer Receipts as Capital Gains under Sections 55 & 119 of the Income-tax Act, 1961
Facts of the CaseMilk Food Ltd., engaged in the business of
manufacturing and marketing milk products, entered into agreements with Brooke
Bond Lipton India Ltd. effective from 1 April 1995.Under these agreements:
Th...
COMMISSIONER OF INCOME TAX DELHI Vs. THE INCOME TAX APPELLATE TRIBUNAL & ORS. — Scope of Rectification Under Section 254(2) of the Income Tax Act, 1961: Delhi High Court Holds That ITAT Cannot Recall Its Order In Toto For Fresh De Novo Rehearing on Debatable Grounds
Facts of the Case·
Assessee Profile: Shri Ratti Ram Gotewala along with his family was
a partner in M/s. Rati Ram Ram Vinod and M/s. Rati Ram Ram Vinod and Company, a
D...
M/s Sony India Pvt. Ltd. vs. The Commissioner of Income-Tax: Disallowance of Contributions to Unapproved Gratuity and Superannuation Funds under Section 36(1)(iv) and Section 36(1)(v) and Inapplicability of Residuary Deductions under Section 37 of the Income Tax Act, 1961
Facts of the Case·
For the Assessment Year 1998-99, the
appellant, M/s Sony India Pvt. Ltd., filed a revised return declaring an income
of ₹1,15,76,566. · ...
APMC Azadpur v. Commissioner of Income-Tax & Anr. — Scope of 'Local Authority' under Section 10(20) of Income-Tax Act, 1961 After Finance Act, 2002
Facts of the Case·
Establishment and
Function: The appellant, Agricultural Produce
Market Committee (APMC), Azadpur, was established under the Delhi Agricultural
Produ...
Shri R. C. Gupta vs. Income Tax Officer | Validity of Arbitrary Rejection of Interest Waiver under Rule 40 & Rule 117A of Income Tax Rules, 1962
Facts of the Case·
The Petitioner was employed as a Cost
Accountant with a private firm. Following a search operations on his employer's
premises, the Petitioner’s re...
Commissioner of Income-Tax, Delhi vs. M/s. Majestic Hotel Ltd. — Absolute Liability of Interest Under Section 201(1A) for TDS Default Under Section 194A: Irrelevance of Bona Fide Belief and Terminal Date of Computation When Taxes Are Paid by Deductee
Facts of the CaseThe respondent-company runs a five-star hotel in
Ludhiana, Punjab. During a survey conducted at its premises, it was discovered
that the company failed to deduct tax at source (TDS) under Section 194A ...
Commissioner of Income Tax, Delhi vs M/s Majestic Hotel Ltd. – TDS on Interest Paid to TFCI, Assessee in Default under Sections 201(1) & 201(1A) of the Income-tax Act, 1961
Facts of the
CaseM/s Majestic Hotel Ltd., a company operating a
five-star hotel in Ludhiana, Punjab, had obtained loans from Tourism Finance
Corporation of India Ltd. (TFCI). During a survey conducted by the Income Ta...