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Commissioner of Income Tax vs. J. K. Industrial Enterprises Pvt. Ltd. – Delhi High Court on Section 37(1), ITA 1327/2010
Facts of
the Case:The
petitioner, Commissioner of Income Tax, challenged the income tax
assessment order passed in favor of J. K. Industrial Enterprises Pvt. Ltd.,
whereby certain expenses claimed by the assessee wer...
Commissioner of Income Tax vs Assessee Company – Deduction of Cyclone Loss Allowed Despite Lower Insurance Claim | Delhi High Court
Facts of the
CaseThe appeal related to Assessment Year 1999-2000.
The assessee claimed deduction for losses suffered due to destruction of goods
in the cyclone that hit Kandla Port, where its stock was stored. The ass...
Commissioner of Income Tax-XII v. Harbir Singh [2011] 2011:DHC:324-DB (Delhi High Court)
Facts of the
CaseThe assessee was engaged in the business of
manufacturing silicon carbide waterproof paper.During a survey conducted under Section 133A of the
Income-tax Act, the assessee surrendered certain amounts ...
Commissioner of Income Tax-III vs Whirlpool of India Ltd. (Earlier Known as Kelvinator of India Ltd.) | Delhi High Court Dismisses Revenue Appeal Following Dismissal of Connected Appeal | ITA No. 46/2004
Facts
of the Case1.
The
Revenue filed the present appeal being ITA No. 46/2004 before the Delhi High
Court.2.
The
appeal arose from and was connected with...
Commissioner of Income Tax, Delhi-II vs. Kelvinator of India Ltd. | Scope of Revision under Section 263 when Two Views are Possible
Facts of the
Case
The assessee, M/s Kelvinator of India Ltd., filed its return of
income for Assessment Year 1989-90.
The Assessing Officer completed the assessment on 26.03.1992 and
allowed deduction un...
Commissioner of Income Tax vs Orient Ceramics & Industries Ltd. | Depreciation on Customs Duty, Glow Sign Board Expenditure & UPS Depreciation Allowed | Delhi High Court
Facts
of the CaseThe assessee company had
imported machinery under a duty exemption certificate issued by the Ministry of
Finance. Subsequently, the Customs Department disputed the exemption and issued
a show cause n...
Commissioner of Income Tax vs Whirlpool of India Ltd. | Delhi High Court | Warranty Provision Deduction and Royalty Disallowance under Sections 37 and 40(a)(i) of the Income-tax Act
Facts of the
CaseFor Assessment Year 1996-97, Whirlpool of India
Ltd. filed its return declaring a loss of ₹48.71 crores. During assessment
proceedings under Section 143(3) of the Income-tax Act, 1961, the Assessing...
Tractebel Industry Engineering vs Assistant Director of Income Tax, International Taxation Circle 2(2) | Delhi High Court
Facts of the
CaseThe petitioner, Tractebel Industry Engineering, a
company incorporated in Belgium, filed its return of income for Assessment Year
2002-03 declaring income from its Indian operations. During the origin...
Commissioner of Income Tax vs Oswal Chemical & Fertilisers Ltd. | Depreciation on Alleged Bogus Machinery Purchase Cannot Be Disallowed When Physical Existence and Installation of Machinery Are Established | Delhi High Court
Facts
of the CaseThe assessee, Oswal Chemical &
Fertilisers Ltd., engaged in the business of manufacturing fertilisers, filed
its return for Assessment Year 1996-97 declaring a loss. The assessee had shown
purcha...
Director General of Income Tax (Administration) & Anr. vs Board for Industrial & Financial Reconstruction (BIFR), New Delhi & Ors.
Facts of the CaseThe Director General of Income Tax (Administration)
and another approached the Delhi High Court by way of a writ petition against
the Board for Industrial & Financial Reconstruction (BIFR), New Del...