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Commissioner of Income Tax vs. M/s Orient Abrasive Ltd. – Deduction under Section 80-IA on Captive Power Generation Eligible Despite No Sale to Third Parties | Delhi High Court
Facts of the CaseThe respondent-assessee, M/s Orient Abrasive Ltd.,
was engaged in the business of manufacturing fused Aluminium Oxide Grains,
Calcined products, Monolithics, Refractories, Bonded Abrasives, Ceramic Pap...
Commissioner of Income Tax-II vs Jubilant FoodWorks Pvt. Ltd. – Franchise Fee & Advertisement Expenditure Held as Revenue Expenditure under Section 37(1) of the Income Tax Act, 1961 | Delhi High Court
Facts of the
CaseThe appeal was filed by the Revenue before the
Delhi High Court challenging the order passed by the Income Tax Appellate
Tribunal in favour of Jubilant FoodWorks Pvt. Ltd. The dispute pertained to the...
Commissioner of Income Tax, Delhi vs. M/s Vikas Chemicals – Allowability of Redemption Fine Paid to Customs Authorities under Section 37 of the Income Tax Act, 1961 | Delhi High Court
Facts of the
CaseThe respondent-assessee, a partnership firm engaged
in the manufacture of organic chemicals, purchased 630 metric tonnes of
Isobutanol from M/s India Craft through a high-sea sale agreement dated 9 Ju...
Pepsi Foods Pvt. Ltd. vs Assistant Commissioner of Income Tax | Section 153C Notice Quashed for Lack of Proper Satisfaction under Income Tax Act, 1961
Facts of the CaseA search and seizure operation under Section 132(1)
of the Income Tax Act was conducted on the Jaipuria Group on 27.03.2012. During
the course of search, certain documents relating to Pepsi Foods Pvt. ...
M/s Swarovski India Pvt. Ltd. vs Deputy Commissioner of Income Tax (Delhi High Court) – Reopening of Assessment Beyond Four Years Invalid in Absence of Failure to Disclose Material Facts
Facts of the CaseThe petitioner, M/s Swarovski India Pvt. Ltd.,
filed its return of income for Assessment Year 2005-06 claiming deduction under
Section 10B amounting to ₹6,34,90,243/- in respect of its 100% Export Or...
Oriental Bank of Commerce vs Additional Commissioner of Income Tax (Delhi High Court) – Reassessment u/s 147/148 Invalid Where No Addition Made on Recorded Reasons | Change of Opinion under Section 36(1)(viia)
Facts of the Case
The original assessment for AY 2005-06 was completed on 20.03.2006.
Subsequently, a notice under Section 148 dated 29.03.2012 was
issued beyond four years from the end of the relevant a...
The Commissioner of Income Tax-II vs Kuldeep Singh | Section 54 Income Tax Act – Exemption on Investment in Under-Construction Flat Allowed by Delhi High Court
Facts of the CaseThe assessee sold residential property situated at
New Friends Colony, New Delhi through a sale deed dated 3 June 2005 for
consideration of Rs.2 crores and claimed exemption under Section 54 of the
In...
M/s Bharat Furnishing Co. vs Commissioner of Income Tax & Anr. | Penalty under Section 271(1)(a) for Delay in Filing Income Tax Return – Delhi High Court
Facts of the Case
The assessee, M/s Bharat Furnishing Co., was a partnership firm
engaged as a government contractor.
The return for Assessment Year 1984-85 was required to be filed on
or before 31 July ...
Globus Infocom Ltd. vs Commissioner of Income Tax Delhi-IV | Delhi High Court | Section 263 Revision Invalid Without Proper Finding | Section 36(1)(ii) & Section 80-IC | AY 2007-08
Facts of the CaseThe assessee, Globus Infocom Ltd., filed its return
for Assessment Year 2007-08 declaring income under normal provisions and book
profit under Section 115JB. The return was selected for scrutiny assess...
Dalmia Cement (Bharat) Ltd. vs Commissioner of Income Tax | Delhi High Court | Reassessment u/s 147/148 – Addition on Alleged Unaccounted Import Transactions | AY 1982-83
Facts of the CaseThe assessee, Dalmia Cement (Bharat) Ltd., was
issued an import licence permitting import of goods valued at Rs. 5,00,000/-.
The assessee claimed that the licence had been assigned to M/s United Engine...