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Commissioner of Income Tax (TDS) vs Continental Carriers Pvt. Ltd. – Applicability of Sections 194C, 172 and 201 of the Income-tax Act, 1961 on Ocean Freight and Inland Haulage Charges Paid to Agents of Non-Resident Shipping Companies
Facts of the
CaseThe respondent-assessee, M/s Continental Carriers
Pvt. Ltd., was engaged in the business of freight forwarding. During a survey
operation, the Income Tax Department found that the assessee had made pa...
Commissioner of Income Tax vs Modi Xerox Ltd. | Royalty Expenditure, Scientific Research Deduction under Section 35(1)(iv), 100% Depreciation on Pollution Control Equipment & Section 80HHC Computation Settled in Favour of Assessee – Delhi High Court
Facts of the CaseThe Revenue filed the present appeal relating to Assessment
Year 2000-01 challenging the order of the Income Tax Appellate Tribunal (ITAT).The Revenue proposed several questions of law concerning:...
Commissioner of Income Tax vs Target Chemicals Pvt. Ltd. – Delhi High Court | ITA No. 1621/2006 | Appeal Dismissed for Absence of Substantial Question of Law under Section 260A of the Income-tax Act, 1961
Facts of the
CaseThe Revenue, namely the Commissioner of Income Tax,
preferred an appeal before the Delhi High Court against the order passed in
favour of the assessee, Target Chemicals Pvt. Ltd. The appeal was ...
Mrs. Nirmal Luthra vs Commissioner of Income Tax, Delhi – Reassessment Proceedings under Sections 147 & 148 Quashed Due to Failure to Produce Alleged VDIS Declaration | Delhi High Court
Facts of the
CaseThe petitioner, Mrs. Nirmal Luthra, an elderly person
aged over 80 years, challenged the reassessment proceedings initiated against
her under Sections 147 and 148 of the Income-tax Act, 1961. The reas...
Commissioner of Income Tax, Delhi vs Parveen Industries Pvt. Ltd. – Dismissal of Revenue’s Appeal Following Earlier Delhi High Court Precedent | Income Tax Appeal No. 1620 of 2006
Facts of the
CaseThe Revenue, through the Commissioner of Income
Tax, Delhi, filed an appeal before the Delhi High Court against the order
passed in favour of Parveen Industries Pvt. Ltd. The matter involved questions...
Commissioner of Income Tax vs Pradeep Kumar Gupta & Vijay Gupta – Reassessment under Sections 147/148 Cannot Be Sustained Solely on Third-Party Statement Without Opportunity of Cross-Examination | Delhi High Court
Facts of the CaseThe Revenue filed appeals against the order of the
Income Tax Appellate Tribunal (ITAT), which had deleted agricultural income of
₹4,34,000 declared by Shri Pradeep Kumar Gupta and ₹4,55,700 declar...
Commissioner of Income Tax, Delhi-IV, New Delhi vs. Indian Visit.Com Pvt. Ltd. – Website Development Expenditure as Revenue Expenditure and Not Capital Expenditure Under the Income-tax Act, 1961
Facts of the CaseThe assessee, Indian Visit.Com Pvt. Ltd., was engaged in the
travel business and provided services such as:
Hotel
bookings,
Taxi
arrangements,
Air
ticket bookings,
Railway
...
Commissioner of Income Tax-XVI vs. Shri S. Dhanbal – Taxability of Non-Compete Fees Received on Sale of Shares and Applicability of Section 28(va) of the Income-tax Act, 1961
Facts of the CaseThe assessee, Shri S. Dhanbal, was an individual software
engineer, shareholder, and working director in IIS Infotech Limited.On 04.12.1997, IIS Infotech Limited was taken over by the FI
Group (U.K.) t...
Commissioner of Income Tax, Delhi-X vs. Shri Anand Swarup Khandelwal – Applicability of Section 40A(3) to Alleged Cash Purchases in Block Assessment Proceedings under Chapter XIV-B of the Income-tax Act, 1961
Facts of the CaseA search and seizure operation was conducted at the premises
of Shri Anand Swarup Khandelwal on 15.10.1998. Consequent thereto, a notice
under Section 158BC was issued for the block period from 01.04.1...
The Commissioner of Income Tax vs. Relaxo Footwears Ltd.: Whether Pre-Operative Expenses Incurred on a New Manufacturing Unit Configured as an Extension of Existing Business with Unity of Control and Interlacing of Funds are Allowable as Revenue Expenditure under Section 37(1) of the Income Tax Act, 1961
Facts of the Case
Assessee
Background: M/s. Relaxo Footwears Ltd. (Respondent) was
historically engaged in the trading of all kinds of rubber footwears.
Business
Expansion: During the assessment ye...