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Agence France Press vs Assistant Director of Income Tax (Delhi High Court) – Section 234B Interest on Non-Resident Assessee where TDS Liability was on Payer | In light of GE Packaged Power & Jacabs Civil Inc.
Facts of the
CaseThe present batch of appeals was filed by Agence
France Press, a non-resident company engaged in the business of
distribution of news. The Revenue sought to tax the assessee in relation to its
activi...
CIT (Central)-III vs Microwave Communications Ltd. | Delhi High Court on Licence Fee & Interest Deduction u/s 35ABB
Facts of the
CaseThe dispute in the present case concerned the
treatment of licence fee paid by telecom service providers to the Department of
Telecommunications and the nature of interest paid on delayed payment of s...
Commissioner of Income Tax, Large Tax Payer Unit, Delhi vs Indian Railway Finance Corporation Ltd. (Delhi High Court) – Allowability of Lease Equalisation Charges and Prior Period Interest Expenditure under the Income-tax Act, 1961
Facts of the
CaseThe Revenue preferred appeals against the common
order passed by the Income Tax Appellate Tribunal (ITAT) concerning Assessment
Years 2006-07, 2007-08, 2008-09, and 2009-10.The principal dispute relat...
Commissioner of Income Tax, Large Tax Payer Unit, Delhi vs Indian Railway Finance Corporation Ltd. (Delhi High Court) – Allowability of Lease Equalisation Charges and Prior Period Interest Expenditure under the Income-tax Act, 1961
Facts of the
CaseThe Revenue preferred appeals against the common
order passed by the Income Tax Appellate Tribunal (ITAT) concerning Assessment
Years 2006-07, 2007-08, 2008-09, and 2009-10.The principal dispute relat...
Commissioner of Income Tax, Large Tax Payer Unit, Delhi vs Indian Railway Finance Corporation Ltd. – Delhi High Court | Connected Income Tax Appeals Decided with Reference to ITA No. 103/2015
Facts of the
CaseThe present appeals were filed by the Commissioner
of Income Tax, Large Tax Payer Unit, Delhi against Indian Railway Finance
Corporation Ltd. before the Delhi High Court. These appeals arose out of
c...
XL India Business Services Private Limited vs Income Tax Officer & Anr. | Delhi High Court on Extension of Stay Beyond 365 Days in Income Tax Appeal
Facts of the
CaseThe petitioner, XL India Business Services Private
Limited, filed an appeal before the Income Tax Appellate Tribunal (ITAT)
against the order passed by the Dispute Resolution Panel dated 20.12.2013.
...
ACB India Limited vs Assistant Commissioner of Income Tax – Section 14A read with Rule 8D: Disallowance to be Restricted Only to Tax-Exempt Investments | Delhi High Court
Facts of the
CaseThe assessee, ACB India Limited, engaged in the
business of coal beneficiation, transportation, loading of coal, and allied
activities, filed its return for Assessment Year 2008–09 and disclosed
ta...
Tupperware India Pvt. Ltd. vs Commissioner of Income Tax (Delhi High Court) – Allowability of Additional Excise Duty Paid on Behalf of Contract Manufacturers under Section 37(1) of the Income Tax Act
Facts of the
CaseThe assessee, Tupperware India Pvt. Ltd.,
engaged in trading Tupperware products in India through contract manufacturers,
namely Dart Manufacturing India Pvt. Ltd. and Innosoft Technologies Ltd. The
...
Commissioner of Income Tax-IX vs Dapinder Paul Singh – Section 36(1)(iii) Income Tax Act | Allowability of Interest Deduction on Interest-Free Loans Advanced to Sister Concern on Grounds of Commercial Expediency
Facts of the CaseThe assessee was proprietor of M/s Peninsular Creations,
engaged in the business of 100% export of laminated sheets (Sunmica). The
assessee was also serving as Director in M/s Artmica Laminates Pvt. Lt...
Commissioner of Income Tax (Central)-I vs Navin Khanna & Connected Matters | Delhi High Court | Scope of Income Tax Assessment and Connected Appeals under the Income Tax Act
Facts of the CaseThe Revenue instituted a series of connected Income Tax
Appeals involving related parties and substantially similar questions arising
from assessment proceedings. During consideration of these matters,...