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Commissioner of Income Tax Vs M/s Amway India Enterprises Pvt. Ltd. – Capital vs Revenue Expenditure on Leasehold Improvements (ITA 629/2011, Delhi High Court)
Facts of the CaseThe appeal concerns the assessment year 2005-2006,
where the appellant, Commissioner of Income Tax, challenged the
treatment of expenses incurred by M/s Amway India Enterprises Pvt. Ltd.
on the improv...
Commissioner of Income Tax Vs M/s Amway India Enterprises – Capital Expenditure on Software and Leasehold Premises Assessment (AY 2003-04) – Delhi High Court
Facts of the Case
The
appeal pertains to the assessment year 2003-2004.
The appellant,
Commissioner of Income Tax, challenged the decision of the Income Tax
Appellate Tribunal regarding:
Rs....
Commissioner of Income Tax vs M/s Asahi India Safety Glass Ltd.: Revenue vs Capital Expenditure on Software and Professional Fees (Assessment Years 1997-98 & 1998-99) – Delhi High Court
Facts of the CaseThe assessee, M/s Asahi India Safety Glass Ltd., a
manufacturer of automobile safety glass, incurred significant expenses on
installing and upgrading Oracle-based application software through Arthur
A...
Commissioner of Income Tax-X vs Satish Kumar Agarwal | Rectification under Section 154 & 80HHC Deduction | Delhi High Court 2011
Facts of the
Case:The respondent, Satish Kumar Agarwal, an exporter,
claimed a deduction under Section 80HHC of the Income Tax Act, 1961 for the
assessment year 2002-2003. The Assessing Officer initially allowed Rs.
...
Commissioner of Income Tax-IV vs M/s Francis Wacziarg – Taxability of Income from Hotel Properties & Disallowance of Expenses under Income Tax Act, 1961 (Sections 32, 2(22)(e), 154, 260A)
Facts of the
Case:The appellant, Commissioner of Income Tax-IV, filed
an appeal under Section 260A challenging the Income Tax Appellate Tribunal’s
decision relating to the assessment year 2003-04. The respondent, M/...
Commissioner of Income Tax Delhi-IV vs. EON Technology Pvt. Ltd. – Interpretation of Section 40(a)(ia), Section 5(2) & Section 9 of the Income Tax Act, 1961 on TDS Liability for Commission Paid to Non-Resident
Facts of the
Case:The respondent, EON Technology Pvt. Ltd., a
private limited company engaged in software development and export, paid a
commission of Rs. 33,36,068/- to its parent company, EON Technologies, U.K.
(ET...
Commissioner of Income Tax Delhi vs Ms Alka Dalmia – Taxability of Surrender of Tenancy Rights under Section 10(3) and Capital Gains under Income Tax Act, 1961
Facts of the
Case
The respondent, Ms. Alka Dalmia, received Rs. 1 crore from Bennet
Coleman and Company Ltd. for surrender of tenancy rights in property No.
15, Motilal Nehru Marg, New Delhi.
The Assessi...
Commissioner of Income Tax vs Meera Chatterjee – Applicability of Section 10(3) and Capital Nature of Tenancy Rights under the Income Tax Act, 1961
Facts of the
Case
The respondent, Meera Chatterjee, received ₹1 crore for
surrendering tenancy rights in property No. 15, Motilal Nehru Marg from M/s
Bennet Coleman and Company Limited (BCCL).
She clai...
Commr. of Income Tax Delhi & Ors. vs B.K. Bhagat: Capital Gains Treatment on Surrender of Tenancy Rights under Section 45 and Section 10(3) of Income Tax Act, 1961
Facts of the
Case
The appeal concerns the assessment year 1993-94, involving
taxation of Rs. 65,51,000 received by respondent B.K. Bhagat upon
surrendering tenancy rights in the property at 56, Jor Bagh, N...
M/s Jagatjit Industries Limited vs Dy. Commissioner of Income Tax – Investment Allowance on Foreign Currency Fluctuation under Section 43A
Facts of the
CaseThe appellant, M/s Jagatjit Industries Limited,
claimed investment allowance for the assessment year 1984-85 on an enhanced
liability of Rs. 1,71,527 due to fluctuation in foreign currency rates. The
...