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Commissioner of Income Tax vs Asian Hotels Limited (2007) – Whether Notional Interest on Interest-Free Security Deposit Can Be Taxed under Sections 28(iv) and 23(1)(a) of the Income-tax Act, 1961
Facts of the CaseThe assessee, Asian Hotels Limited, had let out certain
shops and received interest-free security deposits from tenants.The Assessing Officer (AO), relying upon an earlier
assessment, held that by acce...
Commissioner of Income Tax, Delhi-IV, New Delhi vs. Hughes Software Systems Limited (2008) – Allowability of Identifiable Direct Expenses in International Project Contracts under the Income-tax Act
Facts of the
CaseThe assessee, Hughes Software Systems Limited,
entered into an agreement with PT Radio Telepon Indonesia (Ratelindo) for
installation, testing, and commissioning of a fixed digital radio cellular
net...
Commissioner of Income Tax vs. Asian Hotels Limited (Delhi High Court) – Whether Notional Interest on Interest-Free Security Deposit Can Be Taxed under Sections 23(1)(a) and 28(iv) of the Income-tax Act, 1961
Facts of the CaseThe assessee, Asian Hotels Limited, had let out certain
shops and received interest-free security deposits from the tenants.The Assessing Officer (AO), relying upon an earlier
assessment, held that the...
Commissioner of Income Tax vs Assessee Revenue Appeal Dismissed Due to Low Tax Effect as per CBDT Monetary Limits | Delhi High Court
Facts of the Case
The Revenue filed an appeal challenging the order of the Income Tax
Appellate Tribunal.
The tax effect involved in the matter was only ₹75,395.
The Tribunal dismissed the Revenue's appeal ...
Commissioner of Income Tax vs Kesho Ram Industries (Delhi High Court) – Whether Addition for Alleged Understatement of Sales Can Be Sustained Without Material Evidence? | Section 260A Income Tax Act
Facts of the CaseThe Revenue filed an appeal under Section 260A of the Income
Tax Act, 1961 against the order dated 09.03.2007 passed by the Income Tax
Appellate Tribunal, Delhi Bench 'F', New Delhi for Assessment Year...
Commissioner of Income Tax v. Delhi Tourism & Transportation Development Corporation Ltd. (DTTDC) & Connected Matters – Requirement of Committee Clearance in Disputes Between Central Government and State Government Entities
Facts of the
Case
Several Income Tax Appeals were filed before the Delhi High Court.
The disputes involved the Central Government, represented by the
Revenue Department, and public sector undertakings/entities...
Director of Income Tax, New Delhi vs Ravva Oil Singapore Pte. Ltd. [2007] – Section 44C Head Office Expenditure Deduction Case | Delhi High Court
Facts of the CaseThe Revenue preferred an appeal before the Delhi High Court
challenging the order of the Income Tax Appellate Tribunal (ITAT). The dispute
pertained to the applicability and interpretation of Section 4...
Commissioner of Income Tax vs Assessee Company – Expenditure on Replacement of Cinema Hall Acoustic and Projection Systems Held as Capital Expenditure | Delhi High Court
Facts of the CaseThe dispute before the Delhi High Court concerned
expenditure incurred by the assessee on the acoustic system and projection
system installed in its cinema hall. The assessee claimed the expenditure as...
Reassessment Proceedings under Sections 147/148 Cannot Continue Without Disposal of Assessee's Objections by a Speaking Order | Assessee v. Income Tax Officer & Anr. | Delhi High Court
Facts of the
CaseThe petitioner/assessee challenged the reassessment
proceedings initiated under Sections 147 and 148 of the Income-tax Act, 1961.
The Assessing Officer had supplied the reasons recorded for reopening ...
Director of Income Tax (Investigation) & Another vs Bhagat Singh & Another – Disclosure of Tax Evasion Petition Information under RTI Act | Delhi High Court
Facts of the CaseThe respondent, Bhagat Singh, was married to Smt. Saroj Nirmal
in the year 2000. Subsequently, in November 2000, his wife lodged a criminal
complaint alleging that she had paid approximately Rs. 10 lak...