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Understanding TDS on Interconnect and Port Access Charges: Delhi High Court Ruling in Commissioner of Income Tax vs. Bharti Cellular Ltd.
Facts of the CaseThe respondents (assessees) were companies providing cellular
telephone services. To operate their networks, they were required to enter into
interconnection agreements with MTNL/BSNL. When a subscribe...
Penalty Under Section 271(1)(c) Cannot Be Levied When Assessed Income Is Nil: Delhi High CourtCommissioner of Income Tax vs. M/S. Moser Baer India Limited (Delhi High Court)
Facts of the CaseThe assessee filed a return for the Assessment Year 1996-97
declaring a loss. During assessment proceedings, the Assessing Officer (AO)
noted discrepancies regarding tax exemptions claimed by the asses...
Interconnection Charges Paid to MTNL/BSNL Not 'Fees for Technical Services' Under Section 194J: Delhi High Court in Commissioner of Income Tax vs. Bharti Cellular Ltd.
Facts of the CaseThe respondents (assessees) were companies providing cellular
telephone services. To facilitate calls between different networks, the
assessees entered into interconnection agreements with MTNL/BSNL an...
Suresh Kumar Gupta Vs. The Commissioner of Income Tax: Scope of Writ Jurisdiction on Subsequent Interest Demands Post-Release of Seized Assets under Section 132 / 220 of the Income Tax Act
Facts of the Case
The
Petitioner, Suresh Kumar Gupta, filed a writ petition regarding the
seizure and release of certain jewellery which was the primary subject
matter of the dispute.
During
t...
High Court Ruling: Interconnect and Port Access Charges Do Not Constitute 'Fees for Technical Services' under Section 194J
Facts of the CaseThe respondents are companies engaged in providing cellular
telephone services. To complete calls originating from their subscribers but
terminating on other networks, the assessees must route these ca...
Income Tax Appellate Tribunal Disposes of Corporate Tax Disputes Involving Pension Provisioning under Section 43B and Scientific Research Claims under Section 35(2AB) in Assessee's Own Case
Facts of the Case
The
Revenue preferred an appeal (along with Cross Objections filed by the
Assessee) against the order of the learned Commissioner of Income Tax
(Appeals) for Assessment Year 2005-06....
CIT vs. Various Respondents: The Impact of Retrospective Amendment to Section 148 of the Income Tax Act, 1961
Facts of the Case
The
legal proceedings reached the Delhi High Court through a series of Income
Tax Appeals (ITA Nos. 1283/2007, 1287/2007, and 1288/2007).
The
underlying dispute involved the proce...
Commissioner of Income Tax v. M/s Mahaan Foods Ltd. – Deduction under Section 80-IA Allowed for New Industrial Undertaking Not Formed by Splitting Up, Reconstruction or Transfer of Old Plant and Machinery
Facts of the Case
M/s Mahaan Foods Ltd. was engaged in the manufacture of
dairy whitener and skimmed milk powder.
The assessee claimed deduction under Section 80-IA from
Assessment Year 1995-96 onwards on the bas...
CIT vs. M/s Anand Spinning & Weaving M.: Impact of Retrospective Amendment to Section 148 of the Income Tax Act, 1961
Facts of the CaseThe matter originated from appeals (ITA Nos. 1283/2007,
1287/2007, and 1288/2007) heard by the High Court. The dispute centered on the
validity of assessment orders previously passed by the Tribunal, w...
Commissioner of Income Tax (Central)-III, New Delhi vs. M/s. J.S. Electronics Pvt. Ltd. – Deletion of Additions on Share Purchase Price under Section 40A(2) and Principles of Closing Stock Valuation at Cost or Market Price under Section 49(2).
Facts of the CaseThe Assessee is a private limited company dealing in shares.
The Assessee came to know that the erstwhile HCL had entered into a joint
venture agreement with Hewlett Packard, USA and that in terms ther...