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Commissioner of Income Tax vs M/s Amway India Enterprises – Treatment of Software Expenditure and Leasehold Premises Improvements under IT Act, 1961
Case Facts
Appeals
pertain to assessment years 2001-02 and 2002-03.
First
Issue: Treatment of expenditure by the assessee
(M/s Amway India Enterprises) on software licenses (MS Office, Anti-virus,
...
Shankar Trading (P) Ltd. vs Commissioner of Income Tax (CIT) – Allowability of Enhanced Lease Rent, Capital vs Revenue Expenditure and Applicability of Section 40A(2) of the Income Tax Act, 1961 | Delhi High Court
Facts of the CaseM/s Shankar Trading (P) Ltd., engaged in the
business of manufacturing Katha and Cutch, had taken on lease a factory
belonging to Mehta Charitable Prajnalaya Trust from 01.06.1978.The lease rental was ...
VLS Finance Limited & Others vs Assistant Commissioner of Income Tax & Another | Delhi High Court | Section 281B of Income Tax Act – Provisional Attachment of Refunds
Facts of the Case
The petitioner company, VLS Finance Limited, was subjected to a
search operation under Section 132 of the Income Tax Act.
Consequent thereto, block assessment proceedings were initiated for
...
Commissioner of Income Tax vs M/s Amway India Enterprises – Treatment of Software and Leasehold Premises Expenditure under Income Tax Act, Sections 32 & 37
Facts of the CaseThe appeals pertain to assessment years 2001-02 and 2002-03.
The respondent, M/s Amway India Enterprises, incurred expenditures on:
Purchase
of software applications, including MS Office, Anti-V...
Shankar Trading (P) Ltd. vs Commissioner of Income Tax (CIT) | Section 40A(2), Capital vs Revenue Expenditure on Lease Rent and Non-Compete Arrangement – Delhi High Court
Facts of the
CaseM/s Shankar Trading (P) Ltd. was engaged in the
business of manufacturing Katha and Cutch. The company had taken a factory
belonging to Mehta Charitable Prajnalaya Trust on lease from 01.06.1978.The T...
Commissioner of Income Tax Vs M/s Amway India Enterprises Pvt. Ltd. – Capital Expenditure on Leasehold Premises (Assessment Year 2004-05)
Case FactsThe appeal concerns the assessment year 2004-05, in which
the petitioner, Commissioner of Income Tax, challenged the Income Tax
Appellate Tribunal’s (ITAT) decision regarding expenses incurred by the
respo...
Commissioner of Income Tax vs. Shri Vishwa Vigyan Telugu Linguistic Minority Educational Society | Section 68 & Section 2(24)(iia) of Income Tax Act – Corpus Donation Addition and Applicability of Unexplained Cash Credit Provisions
Facts of the
CaseThe assessee, Shri Vishwa Vigyan Telugu Linguistic
Minority Educational Society, claimed to be a charitable society and filed its
return of income for Assessment Year 2003-04 declaring nil income. Dur...
Commissioner of Income Tax vs. Superior Crafts | Delhi High Court | Section 260A, Section 142(2A), Section 40A(2)(b), Section 145 & Section 37 of Income Tax Act – Valuation of Closing Stock, Rejection of Books of Accounts, Related Party Transactions and Business Expenditure
Facts of the
CaseThe assessee, Superior Crafts, was a partnership
firm engaged in export business. During Assessment Year 2002-03, the Assessing
Officer directed a special audit under Section 142(2A) of the Income Tax...
Commissioner of Income Tax vs M/s Asahi India Safety Glass Ltd. – Revenue vs Revenue Expenditure on Software and Professional Expenses (Assessment Years 1997-98 & 1998-99, Sections 28 & 37 of IT Act)
Facts of the Case:
The
assessee, M/s Asahi India Safety Glass Ltd., engaged in
manufacturing automobile safety glass, implemented software (Oracle
applications) via Arthur Andersen & Associates du...
Eastman Industries Limited vs Commissioner of Income Tax | Delhi High Court on Section 80HHC Deduction on DEPB Credit | Reliance on Topman Exports Case
Facts of the
CaseEastman Industries Limited, engaged in the business
of export of cycle parts and light engineering goods, filed its return for
Assessment Year 2003-04 declaring income after claiming deduction under S...