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Commissioner of Income Tax, Large Tax Payer Unit, Delhi vs Indian Railway Finance Corporation Ltd. | Delhi High Court | Section 37(1), Lease Equalisation Charges & Prior Period Interest Expenditure
Facts of the
CaseThe Revenue filed appeals against the common order
of the Income Tax Appellate Tribunal (ITAT) concerning Assessment Years
2006-07, 2007-08, 2008-09, and 2009-10.The principal dispute related to the a...
Agence Frances Press vs Assistant Director of Income Tax: Delhi High Court Decision in Connected Income Tax Appeals (ITA 223/2015, 224/2015 & 225/2015)
Facts of the
CaseThe appellant, Agence France Press, filed multiple
connected income tax appeals before the Delhi High Court against the orders
passed by the tax authorities. These appeals were part of a group of conn...
New Delhi Television Limited (NDTV) vs Deputy Commissioner of Income Tax, Circle-17(1) & Another – Delhi High Court on Extension of Stay Beyond 365 Days During Pendency of ITAT Appeal under Article 226 of the Constitution
Facts of the
CaseThe Petitioner, New Delhi Television Limited
(NDTV), had filed an appeal before the Income Tax Appellate Tribunal (ITAT)
against the assessment order passed by the Income Tax Department for the
Asses...
Commissioner of Income Tax vs Gulshan Kumar, Chander Bhan & Krishan Kumar | Delhi High Court Upholds Deduction under Sections 80HH and 80-I of Income Tax Act
Issues
Involved
Whether the deduction claimed by the Namoli Unit of the assessees
under Section 80HH of the Income Tax Act, 1961 was correctly granted?
Whether the deduction under Section 80-I of the Income Ta...
Commissioner of Income Tax-XII vs. Subodh Gupta – Delhi High Court Upholds 8% Net Profit Estimation Despite Section 40A(3) Disallowance and Missing Books of Accounts under Rule 6DD(g)
Facts of the
Case
The assessee filed return of income for Assessment Year 2009–10
declaring income of Rs.35,21,970.
During scrutiny assessment, the Assessing Officer disallowed
expenditure amounting to...
Sarita Aggarwal Vs. The Income Tax Officer: Validity of Foreign Gifts and Onus of Proof Under Section 68 of the Income Tax Act
Facts of the Case
Assessment
Year & Filed Return: The appeal under Section
260A of the Income Tax Act, 1961, preferred by the assessee (Sarita
Aggarwal), pertains to the assessment year 1994-95. T...
Commissioner of Income Tax-III vs. Shri Shyam Sunder Infrastructure (P) Ltd. (2015:DHC:1118-DB) – Challenge to Assessing Officer’s Jurisdiction Under Section 124(3) of the Income Tax Act, 1961
Facts of the Case
Original
Filing & Name Changes: The original assessee,
incorporated on February 27, 2003, under the name "Shalom Exim Pvt.
Ltd.", filed its original income tax returns on May 30,...
Dwarkadhis Projects (P) Ltd. & Others vs. Commissioner of Income Tax-IV: Opportunity of Hearing and Communication of Reasons Essential for Case Transfer under Section 127
1. Facts of the Case
The
Impugned Order: The Commissioner of Income Tax (Delhi-IV)
passed a common consolidation order dated July 9, 2014, under Section 127
of the Income-tax Act, 1961.
The
T...
Commissioner of Income Tax vs. M/S Kuber Mutual Benefit Ltd.: Are One-Time Processing Charges Taxable as Interest under Section 2(7) of the Interest Tax Act, 1974?
Facts of the Case
The
assessee, M/S Kuber Mutual Benefit Ltd., operated as a mutual benefit fund
company conducting financial business, which involved accepting deposits
and lending money to its membe...
Commissioner of Income Tax-I vs. M/s Aar Ess Exim Pvt. Ltd.: Eligibility of Outsourced Manufacturing and Assembly Operations Under Section 10B of the Income Tax Act, 1961
Facts of the Case
Assessee's
Profile: The respondent-assessee is a multifaceted
project engineering company employing highly qualified engineers and
technocrats. It operates a 100% Export-Oriented Uni...