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Stitchwell Qualitex (RF) vs. Income Tax Officer: Is Actual Production Mandatory for Claiming Depreciation Under Section 32 of the Income Tax Act?
Facts of the Case
Business
Background: The Assessee, Stitchwell Qualitex (RF), is a
registered firm engaged in manufacturing bag-stitching machines in Noida
since 1981.
Business
Expansion (Un...
Commissioner of Income Tax-III vs. M/S Socomec HPL Pvt. Ltd.: Deletion of Selling and Distribution Expenses under Section 37 and 40(a)(ia) of the Income Tax Act on the Principle of Consistency
Facts of the Case
Assessee
Profile: The Assessee is a joint venture company
formed between HPL India Ltd. (HIL) and a French Company, Socomec SA
France (SSA), engaged in manufacturing switchgears, ene...
Commissioner of Income Tax-IV vs. Infogain India Private Limited: Eligibility of Section 10B Deduction Post Section 80HHE Claims
Facts of the CaseThe Revenue (Appellant) filed appeals against the
orders of the Income Tax Appellate Tribunal (ITAT) for the Assessment Years
2005-06 and 2006-07. The core dispute arose from the Respondent Assessee’...
Commissioner of Income Tax vs S.M. Flanges Pvt. Ltd. – Deduction under Sections 80-IB and 80HHC, Applicability of Section 80-IA Principles and Treatment of DEPB/Duty Drawback Incentives
Facts of the
CaseThe Revenue challenged the findings of the Income
Tax Appellate Tribunal regarding the computation and applicability of
deductions claimed by the assessee under Sections 80-IB and 80HHC of the Income
...
Hamdard Laboratories India vs DGIT (Exemptions): Exemption u/s 10(23C)(iv) for Business Held in Trust | Delhi High Court
Facts of the CaseThe case involves Hamdard
Laboratories India, which was constituted in 1948. The partners of the business
dedicated it entirely to charity, functioning as a special-purpose vehicle to
effectuate chari...
CIT (Central) vs. Mohan Meakins Ltd. & Others: Delhi High Court Ruling on Income Tax Appeals |Section 260A
Facts of the CaseThe present matter involves a
cluster of Income Tax Appeals (ITAs) filed by the Revenue (Commissioner of
Income Tax) against various corporate entities, including Mohan Meakins
Limited, National Indus...
Kapil Dev vs Commissioner of Income Tax | Delhi High Court on Validity of Garnishee Proceedings and Attachment of Bank Accounts under Section 226(3) of the Income Tax Act
Facts of the
Case
The petitioner's brother, Raj Kumar, had been assessed to income
tax for Assessment Year 1996–97 and a tax demand of approximately Rs.
24.74 lakhs was raised.
Subsequently, penalty p...
Hamdard Laboratories India vs. Assistant Director of Income Tax (Exemption): Delhi High Court Order (2015)
Facts of the Case·
The provided document is a judicial
order from the High Court of Delhi at New Delhi consolidating multiple writ
petitions. · ...
The Commissioner Of Income Tax (Central) Vs. Mohan Meakins Ltd. & Connected Assessees – Delhi High Court
Facts of the
Case1.
Multiple
Income Tax Appeals were filed by the Commissioner of Income Tax against several
respondents/assessees.2.
The
appeals involved...
Commissioner of Income Tax v. Priyanka Ship Breaking Company Pvt. Ltd. | Delhi High Court | Addition of Peak Credit Deleted in Block Assessment Due to Absence of Incriminating Evidence under Sections 158BD & 158BB of Income Tax Act
Facts of the
Case
A search under Section 132 of the Income Tax Act was conducted on
Mahendra H. Shah and Hemant C. Shah of the Madhupuri Group on 7 December
1999.
During the search proceedings, statemen...