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Commissioner of Income Tax vs. M/s Itochu Corporation (Delhi High Court) – Tax on Tax Paid by Employer Exempt under Section 10(10CC) and No TDS Default under Section 195
Facts of the CaseThe Revenue (Commissioner of Income Tax) filed a series of
appeals against the respondent-assessee, Itochu Corporation. The case primarily
involved the taxability of "tax on tax" paid by an emplo...
Commissioner of Income Tax, Delhi vs. New Delhi Television Ltd. | Revisionary Powers Under Section 263 vs. Assessing Officer Inquiry Under Section 80HHF
Facts of the Case
The
Respondent-Assessee, New Delhi Television Ltd. (NDTV), filed its return of
income for the Assessment Year (AY) 2002-03, claiming a deduction of
₹14,73,12,763/- under Section 80...
Commissioner of Income Tax, Delhi vs. New Delhi Television Ltd. – Scope of Revisionary Powers Under Section 263 vs. Assessing Officer's Scrutiny Inquiry on Section 80HHF Deduction for Television Software Export
Facts of the Case
The
respondent-assessee, New Delhi Television Ltd. (NDTV), filed its income
tax return for the Assessment Year (AY) 2002-03, claiming a deduction of
₹14,73,12,763/- under Sec...
Commissioner of Income Tax-XIII vs. Bansal Commodities & Ors. – RFA(OS) 17/2010
Facts of the CaseThe Appellant, the Commissioner of Income Tax-XIII,
preferred an appeal before the High Court of Delhi against the Respondents,
Bansal Commodities & Ors. The present matter arises out of RFA(OS) 17...
Commissioner of Income Tax-III vs. Arcotech Ltd. (Formerly SKS Ltd.) | Section 271(1)(c) Penalty and Section 43B Disallowance under Income Tax Act, 1961
Facts of the Case
The
respondent-assessee originally filed its return of income for the
Assessment Year (AY) 2003-04, declaring a net loss of ₹13,65,54,483/-,
which was backed by audited financial s...
MARC BATHING LUXURIES LTD. & ANR. Vs. INCOME TAX SETTLEMENT COMMISSION & ORS. — Delhi High Court Quashes Cryptic Order Under Section 245D(2C);
Facts of the CaseThe petitioners, Marc Bathing Luxuries Limited and Marc
Sanitation Private Limited (two sister concerns), were subjected to searches
conducted by the Central Excise Department on September 25, 2008, an...
COMMISSIONER OF INCOME TAX-I vs. ANGELIQUE INTERNATIONAL LTD. ### (Whether Deletion of Disallowance under Section 40(a)(i) is Justified on Foreign Export Commission Paid Prior to Prospective Withdrawal of Beneficial CBDT Circulars under Section 119 and Section 195)
Facts of the CaseThe respondent assessee, Angelique International Ltd., made
genuine payments amounting to ₹37,87,26,158/- as commission/discount on sales
to foreign third parties situated outside India. These non-re...
Commissioner of Income Tax-IV vs. M/S Hero Management Service Limited: Scope of Disallowance Under Section 14A and Accrual of Business Liabilities Under Mercantile System
Facts of the CaseThe Revenue filed an appeal against M/S Hero Management
Service Limited for the Assessment Year 2007-08. The Assessing Officer (AO)
made substantial additions of ₹6,75,64,435/- to the assessee's retu...
Commissioner of Income Tax-IV vs. M/s H.T. Music & Entertainment Co. Ltd. – Training Expenditure, Royalty Payment & Depreciation on Computer Accessories under Sections 37(1), 32 & 260A of the Income Tax Act
Facts of the CaseThe Revenue filed appeals before the Delhi High Court
against the order of the Income Tax Appellate Tribunal concerning assessment
years 2007-08 and 2008-09. Two principal disputes arose between ...
Commissioner of Income Tax, Delhi-I vs. M/s Samtel India Limited – Section 37(1) Deduction on Unutilised MODVAT Credit | Delhi High Court
Facts of the CaseThe dispute arose in relation to the claim of deduction made
by the assessee, M/s Samtel India Limited, concerning unutilised MODVAT credit
amounting to ₹3.95 crores for Assessment Year 1995-96.The a...