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Sigma Research & Consulting Pvt. Ltd. vs Commissioner of Income Tax & Anr. (2018) – Disallowance under Section 40A(2)(a) Set Aside for Lack of Reasonableness Test
Facts of the Case
The
appellant, Sigma Research & Consulting Pvt. Ltd., was engaged in
market research activities in the social sector.
For
Assessment Year 2011–12, the Assessing Office...
PR. Commissioner of Income Tax, Delhi-10 vs M/s Indian Farm Forestry Development Cooperative Ltd. (2018) – Deductibility of Social Welfare Expenditure u/s 37(1) of Income Tax Act
Facts of the
CaseThe respondent-assessee, M/s Indian Farm Forestry
Development Cooperative Ltd., is a multi-state cooperative society engaged in
social and economic development activities such as forestry development,...
M/s Vodafone Idea Ltd. vs Assistant Commissioner of Income Tax & Ors. (Delhi High Court, 2019) – ITAT Interim Observations Not Binding on Merits
Facts of the CaseThe petitioner, M/s Vodafone Idea Ltd., filed writ
petitions challenging an interim order dated 25 March 2019 passed by the
Income Tax Appellate Tribunal (ITAT) concerning Assessment Years 2009-10 and
...
PR. Commissioner of Income Tax Delhi-5 vs. M/s Lok Advisory Services Pvt. Ltd. (2018) – Allowability of Consultancy Fees u/s 37(1) of the Income Tax Act
Facts of the CaseThe assessee company was engaged in providing investment
advisory and consultancy services to overseas funds (Lok I and Lok II). It
received advisory fees based on committed capital and assets under ma...
PR. Commissioner of Income Tax, Delhi–2 vs M/s Bharti Ventures Ltd. (2018) – Allowability of Business Expenditure & Setting Up of Business through Subsidiaries under Section 260A of Income Tax Act
Facts of the CaseThe appeal was filed by the Revenue under Section 260A against
the order of the Income Tax Appellate Tribunal concerning Assessment Year
2008–09.The respondent-assessee, M/s Bharti Ventures Ltd...
PR. Commissioner of Income Tax, Delhi-10 vs M/s Indian Farm Forestry Development Cooperative Ltd. (Delhi High Court) – Deductibility of Social Welfare Expenditure u/s 37(1)
Facts of the
CaseThe respondent-assessee, M/s Indian Farm Forestry
Development Cooperative Ltd., is a multi-state cooperative society engaged in
social and economic development activities such as forestry projects, wa...
Commissioner of Income Tax (International Taxation)-2 vs. Philip Morris Services India SA (2018) – Delhi High Court | Section 260A Income Tax Act | Transfer Pricing – Exclusion of Comparables
Facts of the CaseThe present appeal was filed by the Revenue under Section
260A of the Income Tax Act, 1961 against the order of the Income Tax
Appellate Tribunal (ITAT) for Assessment Year 2009–10. The respond...
Shashi Garg vs Principal Commissioner of Income Tax (Delhi High Court) – Unexplained Cash Deposits u/s 68 IT Act & Burden of Proof on Assessee [AY 2011-12]
Facts of the
CaseThe appellant-assessee, Shashi Garg, filed an appeal under Section 260A challenging the
order of the Income Tax Appellate Tribunal which upheld additions made by the
Assessing Officer.
The assessee ...
Shri Rajiv Dass vs Deputy Commissioner of Income Tax (Delhi High Court) – Section 54B Exemption Denied on Failure to Prove Agricultural Use of Land
Facts of the CaseThe assessee, Shri Rajiv Dass, sold land situated in Ghaziabad
for ₹6.51 crores, which had been purchased earlier for ₹58.90 lakhs. The
assessee claimed exemption under Section 54B on capital...
Principal Commissioner of Income Tax–3 vs DLF Home Developers Ltd. (2018) – Section 14A Disallowance & Rule 8D Applicability | Delhi High Court
Facts of the CaseThe Revenue filed an appeal under Section 260A against the
order of the Income Tax Appellate Tribunal concerning Assessment Year 2011–12.The case involved two major issues:
Golf
Club Mem...