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Commissioner of Income Tax, Delhi-V vs M/s Pradeep Holdings Pvt. Ltd. – Allowability of Interest on Borrowed Funds Used for Purchase of Shares Held as Stock-in-Trade under Section 36(1)(iii) of the Income-tax Act, 1961 | Delhi High Court
Facts of the CaseThe Revenue filed appeals under Section 260A of the
Income-tax Act, 1961 against the common order of the Income Tax Appellate
Tribunal relating to Assessment Years 2001-02, 2002-03 and 2003-04.The disp...
Commissioner of Income Tax, Delhi-V vs. M/s Pradeep Holdings Pvt. Ltd. (2009) – Interest on Borrowed Funds Used for Share Trading Allowed as Business Expenditure Under Section 36(1)(iii) of the Income-tax Act
Facts of the
CaseThe Revenue
preferred appeals under Section 260A of the Income-tax Act against a common
order of the Income Tax Appellate Tribunal relating to Assessment Years
2001-02, 2002-03, and 2003-04.The asses...
Commissioner of Income Tax, Delhi-II v. Anand Prakash & Maha Maya General Finance Ltd. (2009) – Whether Interest under Section 234B Can Be Levied on Interest Received Subsequently on Enhanced Land Acquisition Compensation
Facts of the CaseThe assessees, Anand Prakash and Maha Maya General Finance
Ltd., owned land acquired by the Government under the Land Acquisition Act,
1894. Initially, compensation was awarded, but the assessees sough...
Commissioner of Income Tax, Delhi-II vs. Anand Prakash & Maha Maya General Finance Ltd. | Section 234B Interest on Enhanced Land Acquisition Compensation – Delhi High Court
Facts of the Case
The
land belonging to the assessee, Anand Prakash, was acquired by the
Government of Haryana in March 1989 under the Land Acquisition Act, 1894.
Dissatisfied
with the original comp...
Commissioner of Income Tax, Delhi-II vs Anand Prakash & Maha Maya General Finance Ltd. (2009) – Levy of Interest under Section 234B on Enhanced Land Acquisition Compensation Interest Receipts
Facts of the CaseThe lands belonging to the assessees were acquired by the
Government of Haryana under the Land Acquisition Act. Initially, compensation
was awarded, but the assessees sought enhancement before the Addi...
Commissioner of Income Tax, Delhi-II vs. Anand Prakash & Maha Maya General Finance Ltd. – Interest under Section 234B Cannot Be Levied Where Enhanced Compensation Interest Was Not Known to the Assessee
Facts of the Case
Land
belonging to the assessee Anand Prakash was acquired by the Government of
Haryana.
The
assessee sought enhancement of compensation under the Land Acquisition
Act, 1894.
...
Commissioner of Income Tax, Delhi-II vs. Anand Prakash & Maha Maya General Finance Ltd. | Section 234B Interest on Enhanced Land Acquisition Compensation | Delhi High Court
Facts of the CaseThe assessees, namely Anand Prakash and Maha Maya
General Finance Ltd., received enhanced compensation together with interest
pursuant to orders passed by the competent court under the Land Acquisition...
Commissioner of Income Tax, Delhi-II vs. Anand Prakash & Maha Maya General Finance Ltd. – Whether Interest under Section 234B Can Be Levied on Interest Received from Enhanced Land Acquisition Compensation Not Known to the Assessee During Relevant Assessment Years
Facts of the CaseThe present batch of appeals was filed by the Commissioner
of Income Tax, Delhi-II under Section 260A of the Income Tax Act, 1961,
challenging the orders of the Income Tax Appellate Tribunal (ITAT).The...
Commissioner of Income Tax, Delhi-II v. Anand Prakash & Maha Maya General Finance Ltd. – Levy of Interest under Section 234B on Enhanced Land Acquisition Compensation Interest Income
Facts of the CaseThe land belonging to the assessee Anand Prakash was
acquired by the Government of Haryana. Dissatisfied with the original
compensation, the assessee sought enhancement before the competent court.Subse...
Commissioner of Income Tax, Delhi-II vs. Anand Prakash & Maha Maya General Finance Ltd. – Whether Interest under Section 234B Can Be Levied on Interest Received on Enhanced Land Acquisition Compensation When Liability Was Not Foreseeable
Facts of the Case
Land
belonging to the assessees was acquired by the Government of Haryana under
the Land Acquisition Act, 1894.
The
assessees sought enhancement of compensation before the competen...