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Commissioner of Income Tax vs. Oswal Chemical & Fertilisers Ltd. | Disallowance of Depreciation under Section 32 of the Income Tax Act
Facts of the CaseThe respondent-assessee (M/s. Oswal Chemical &
Fertilisers Ltd.) filed its return of income for multiple assessment years
claiming depreciation on certain plant and machinery purchased for an amoun...
Director General of Income Tax (Admn.) & Anr. vs. Board for Industrial & Financial Reconstruction (BIFR) & Ors.
2. Facts of the Case
The
Income Tax Department ("the Department") filed an omnibus
challenge via multiple writ petitions under Article 226 of the
Constitution of India.
The
petitions conteste...
Logitronics Pvt. Ltd vs. Commissioner of Income Tax & Anr. (with Commissioner of Income Tax vs. Jubilant Securities Pvt. Ltd.)
Facts of the Case
ITA
No.1623 of 2010 (Logitronics Pvt. Ltd): The
appellant/assessee was a company engaged in manufacturing electronic
products. It obtained loan facilities from the State Bank of Indi...
Director General of Income Tax (Admn.) & Anr. vs. Board for Industrial & Financial Reconstruction (BIFR) & Ors.
2. Facts of the Case
Omnibus
Challenge: The Income Tax Department (the
"Department") preferred a series of writ petitions under Article
226 of the Constitution of India. They launched an omnibus chall...
Commissioner of Income Tax, Delhi-IV vs. M/S Hydrocarbons India Ltd. | Admission of Additional Grounds of Law by ITAT
2. Facts of the Case
The
Assessee (M/S Hydrocarbons India Ltd.) was a wholly owned subsidiary of
the Oil and Natural Gas Commission of India (ONGC). It took over ONGC's
rights under a 'Joint Structure...
Commissioner of Income Tax vs. Paramount Impex Pvt. Ltd.: Interpretation of DEPB Premium and Export Profit Deductions Under Section 80HHC
Facts of the CaseThe Income Tax Department (Revenue) preferred a batch of
consolidated appeals (with ITA No. 12/2011 as the lead case along with 26 other
associated appeals) before the High Court of Delhi. The disputes...
Commissioner of Income Tax vs. Ahuja Radios (Connected with CIT vs. Paramount Impex Pvt. Ltd.) | Section 80HHC Deduction on DEPB Sale Proceeds Case Law
Facts of the CaseThe respondent-assessee, M/s Ahuja Radios (along with a
cluster of similarly situated export-oriented undertakings including Paramount
Impex Pvt. Ltd.), claimed deductions under Section 80HHC of the In...
Commissioner of Income Tax vs. Priyanka Overseas Pvt. Ltd. | Section 80HHC Deduction on DEPB Profit Case Law
Facts of the CaseThe assessee, M/s Priyanka Overseas Pvt. Ltd., claimed a tax
deduction under Section 80HHC of the Income Tax Act, 1961, regarding profits
accrued through the sale and utilization of Duty Entitlement Pa...
Commissioner of Income Tax v. M/s. [Respondent Name] (Albeit Respondent Name not fully individualised in the summary text, generally formatted as: Commissioner of Income Tax v. Respondent)
2. Facts of the Case
The
revenue filed multiple Income Tax Appeals (ITAS No. 1093/2009, 1091/2009,
and 1094/2009) before the Hon'ble High Court of Delhi against the
respondent-assessee.
The
d...
Director General of Income Tax (Admn.) & Anr. vs. Board for Industrial & Financial Reconstruction (BIFR) & Ors. | Validity of Income Tax Concessions After Discharge of Sick Industrial Company Reference under SICA Section 18
Facts of the Case
Omnibus
Writ Petitions: The Income Tax Department filed multiple
writ petitions under Article 226 of the Constitution of India challenging
various individual orders passed by the Boa...