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Commissioner of Income Tax vs National Agricultural Co-operative Marketing Federation of India Ltd: Delhi HC on Disallowance of PSS Indirect Expenses & Section 80P(2)(d) Deduction
Facts of the CaseThe appeals arise under Section 260A of the Income Tax Act,
1961 challenging orders of the Income Tax Appellate Tribunal (ITAT)
regarding:
Deletion
of additions made by the Assessing Officer (A...
Commissioner of Income Tax (TDS) vs. ITC Ltd. & C.J. International Hotels Ltd. | TDS on Tips Distributed to Hotel Employees – Whether Tips Constitute Salary under Sections 15, 17 & 192 of the Income-tax Act, 1961
Facts of the CaseThe assessees, ITC Ltd. and C.J. International
Hotels Ltd., were engaged in the business of owning, operating and managing
hotels. Surveys under Section 133A of the Income-tax Act, 1961 were conducted
...
Assessee vs Commissioner of Income Tax (Delhi High Court) | ITA Nos. 285/2010 & 331/2010 | Appeals Dismissed Due to Low Tax Effect Below ₹10 Lakhs.
Facts of the CaseThe Revenue/Appellant preferred Income Tax Appeals
before the Delhi High Court under the provisions of the Income-tax Act, 1961.At the time of consideration, the Court noted that
the combined tax effec...
Funds Corporation & Another vs Assistant Director of Income Tax, New Delhi & Others | Delhi High Court | W.P.(C) Nos. 2895/2011 & 2896/2011
FACTS OF THE CASE1.
eFunds
Corporation and another petitioner filed W.P.(C) No. 2895/2011 before the Delhi
High Court.2.
eFunds
IT Solution Group Inc. file...
Commissioner of Income Tax, Delhi-IV vs HLS India Ltd. (Now HLS Asia Ltd.) | Whether Wireline Logging and Data Processing Activities Constitute Manufacturing or Production for Deduction under Sections 32A, 80-IA & 80-IB of the Income-tax Act, 1961 – Delhi High Court
Facts of the CaseHLS India Ltd. (now HLS Asia Ltd.) is engaged in providing
specialized wireline logging and perforation services to oil exploration
companies such as Oil India Limited (OIL) and Oil and Natural Gas Cor...
Commissioner of Income Tax (TDS) vs ITC Ltd. & Commissioner of Income Tax (TDS) vs C J International Hotels Ltd. – Whether Tips Collected from Customers and Distributed to Employees Attract TDS under Section 192 of the Income-tax Act, 1961?
Facts of the Case
The
assessees, ITC Ltd. and C J International Hotels Ltd., were engaged in the
business of operating and managing hotels.
A
survey under Section 133A of the Income-tax Act was cond...
Commissioner of Income Tax vs. Harsh Talwar [Delhi High Court] – Mere Surrender of Income Does Not Automatically Attract Penalty under Section 271(1)(c) of the Income Tax Act
Facts of the Case
A
search was conducted at the premises of the assessee on 16 January 2004.
During
verification of stock registers, discrepancies were noticed in the
quantity of carpets and durries...
Commissioner of Income Tax v. Ankitech Pvt. Ltd. & Connected Appeals | Deemed Dividend under Section 2(22)(e) Taxable Only in Hands of Shareholder | Delhi High Court
Facts of the CaseThe assessees were various companies and concerns
which had received loans, advances, or financial accommodations from closely
held companies.In the lead matter, the assessee company had
received adva...
Commissioner of Income Tax vs Tulip Star Hotels Ltd. | Delhi High Court | Sections 36(1)(vii), 36(2) & 35D of the Income-tax Act, 1961
Facts of the CaseThe assessee, Tulip Star Hotels Ltd., was engaged
in the business of a Non-Banking Finance Company and carried on financing and
money-lending activities.Issue
relating to Fairmark
The assessee had p...
Commissioner of Income Tax vs. M/S. Orbital Communication (P) Ltd.: Section 68 Share Application Money Addition Deleted Where Bank Records, Balance Sheets, and Tax Assessments Verified Identity and Creditworthiness
Facts of the CaseThe Revenue preferred an appeal under Section 260A of the
Income Tax Act, 1961, challenging the order dated July 29, 2009, passed by the
Income Tax Appellate Tribunal (ITAT) in ITA No. 14/Del/2007 for ...