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Commissioner of Income Tax vs I.T.C. Limited (Delhi High Court) – Whether Royalty Paid to Airports Authority of India for Operating Executive Lounge Constitutes ‘Rent’ Under Section 194-I and Liability for TDS, Interest & Penalty under Sections 201(1A) and 271C of the Income-tax Act, 1961
Facts of the CaseThe assessee, I.T.C. Limited, was awarded a
contract by the Airports Authority of India (AAI) for operating an Executive
Lounge at Indira Gandhi International Airport, New Delhi, pursuant to a
competi...
Unitech Limited vs Deputy Commissioner of Income Tax, Circle-27(1), New Delhi Reassessment under Sections 147/148 of the Income Tax Act, 1961 – Validity of Reopening Beyond Four Years in Absence of Failure to Disclose Material Facts | Delhi High Court
Facts of the CaseThe Petitioner, Unitech Limited, filed its return of income
for AY 2008–09 declaring income of Rs.1334,87,70,381. The case was selected for
scrutiny and notices under Section 143(2) were issued. Duri...
Commissioner of Income Tax vs ITC Limited (Delhi High Court) – TDS on Royalty Paid to Airports Authority of India: Whether Royalty for Executive Lounge Operation Constitutes Rent under Section 194-I of the Income Tax Act, 1961 | Penalty under Section 271C and Interest under Section 201(1A)
Facts of the CaseThe assessee, ITC Limited, was awarded a contract
by the Airports Authority of India (AAI) for operating an Executive Lounge at
Indira Gandhi International Airport, New Delhi. The arrangement was enter...
Pr. Commissioner of Income Tax-12, New Delhi vs. Harpreet Kaur (Legal Heir of Virender Singh Kochar) | Delhi High Court on Section 145, Section 80-IA(8), Section 80-IA(10) & Section 80-IC of Income Tax Act
Facts of the CaseThe assessee was proprietor of M/s Vi-John International,
Delhi and M/s Maja Personal Care, Baddi (Himachal Pradesh), engaged
in manufacturing cosmetic products.For Assessment Years 2006–07 and 2007�...
Commissioner of Income Tax, Delhi vs. M/s Bhushan Steels and Strips Ltd. & M/s Vardhman Industries Ltd. – Sales Tax Exemption Subsidy Held as Capital Receipt | Section 43B Income Tax Act
Facts of the
CaseThe assessees, M/s Bhushan Steels and Strips
Ltd. and M/s Vardhman Industries Ltd., established industrial units
in notified backward areas of Uttar Pradesh and claimed exemption from payment
of sale...
Principal Commissioner of Income Tax (Central)-1 vs Sahara India Financial Corporation Ltd. | Delhi High Court | Section 260A Income Tax Act | Revenue Appeal Dismissed on Settled Question of Law
Facts of the CaseThe Revenue, through the Principal Commissioner of Income
Tax (Central)-1, filed multiple appeals before the Delhi High Court challenging
the order of the ITAT dated 13 December 2016. The ITAT had dism...
Commissioner of Income Tax vs I.T.C. Limited | Delhi High Court on TDS Liability under Section 194-I on Royalty Paid to Airports Authority of India and Penalty under Section 271C
Facts of the CaseThe assessee, I.T.C. Limited, was awarded a
contract by Airports Authority of India (AAI) for operating an Executive Lounge
at Indira Gandhi International Airport, New Delhi, after a bidding process.
...
Commissioner of Income Tax, Central-III vs. M/s Radico Khaitan Ltd. | Delhi High Court on Scope of Judicial Review over Settlement Commission Orders under Sections 245C, 245D & 132 of the Income Tax Act, 1961
Facts of the
CaseRadico Khaitan Ltd., engaged in the manufacture and
sale of Indian Made Foreign Liquor (IMFL), was subjected to search and seizure
proceedings under Section 132 of the Income Tax Act. Simultaneo...
Principal Commissioner of Income Tax (Central)-1 vs Vijay Kumar Kataria | Delhi High Court | ITA Nos. 462/2017, 463/2017, 464/2017 & 465/2017 | Assessment Years 2004-05, 2005-06, 2006-07 & 2007-08 | Revenue Appeals Dismissed Following Earlier Precedent
Facts of the CaseThe Revenue preferred four connected appeals before the Delhi
High Court against a common order dated 6 December 2016 relating to Assessment
Years 2004-05, 2005-06, 2006-07, and 2007-08. The Cour...
Commissioner of Income Tax, Delhi vs. M/s Bhushan Steels and Strips Ltd. & M/s Vardhman Industries Ltd. Commissioner of Income Tax, Delhi vs. M/s Bhushan Steels and Strips Ltd. & M/s Vardhman Industries Ltd. – Delhi High Court on Taxability of Sales Tax Exemption Subsidy as Capital Receipt under Section 43B of the Income Tax Act
Facts of the
CaseThe assessees, namely Bhushan Steels and Strips
Ltd. and Vardhman Industries Ltd., had established industrial units
in notified backward areas of Uttar Pradesh and claimed sales tax exemption
under t...