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Director of Income Tax vs. L.S. Cables Ltd. (Delhi High Court) – Offshore Supply Not Taxable in India Where Title Passed Outside India | Section 9(1)(i), India–Korea DTAA
Facts of the Case
L.S.
Cables Ltd., a company incorporated in Korea, was engaged in the
manufacture and supply of power transmission cables and related equipment.
The
company entered into con...
Naraingarh Sugar Mills Ltd. v. Commissioner of Income Tax (Delhi High Court): Deferred Revenue Expenditure on Interest and Foreign Travel Expenses Not Allowable Through Amortization Over Five Years under Section 37(1), Income-tax Act, 1961
Facts of the Case
Naraingarh
Sugar Mills Ltd. was engaged in the business of manufacturing sugar,
molasses, and bagasse.
For
Assessment Year 2003-04, the company filed its return declaring a loss. ...
Asia Satellite Telecommunications Co. Ltd. v. Director of Income Tax (Delhi High Court) – Whether Satellite Transponder Charges Constitute Royalty or Business Income Taxable in India
Facts of the CaseAsia Satellite Telecommunications Co. Ltd., a company
incorporated in Hong Kong, operated communication satellites and provided
transponder capacity to television broadcasters and communication compani...
Commissioner of Income Tax, Delhi (Central)-II vs Manoj Aggarwal | Delhi High Court | Accommodation Entries, Bogus Jewellery Transactions, Commission Income, Section 132 Search & Block Assessment under Sections 158BC, 158BFA and 69A of the Income Tax Act
Facts of the Case
Search
and seizure operations under Section 132 of the Income Tax Act were
conducted on 03.08.2000 at the residential and business premises of Manoj
Aggarwal and M/s Bemco Jewellers ...
Asia Satellite Telecommunications Co. Ltd. v. Director of Income Tax (Delhi High Court) – Taxability of Satellite Transponder Charges, Royalty under Section 9(1)(vi), Business Connection and Income Accrual in India
Facts of the CaseAsia Satellite Telecommunications Co. Ltd. ("Asia
Satellite"), a company incorporated in Hong Kong, was engaged in the
business of providing satellite communication and broadcasting facilities
through...
Asia Satellite Telecommunications Co. Ltd. vs Director of Income Tax | Whether Satellite Transponder Charges Constitute Royalty or Taxable Income in India under Sections 9(1)(i) & 9(1)(vi) of the Income Tax Act, 1961
Facts of the Case
Asia
Satellite Telecommunications Co. Ltd., incorporated in Hong Kong, operated
communication satellites namely AsiaSat-1 and AsiaSat-2.
The
company leased transponder capacity to...
Lachman Dass Bhatia vs Assistant Commissioner of Income Tax | Appealability of Orders Passed Under Section 254(2) of the Income Tax Act | Delhi High Court
Facts of the Case
Multiple
income tax appeals involving similar questions of law were placed before
the Delhi High Court.
A
preliminary objection was raised regarding the maintainability of appeals...
Commissioner of Income Tax vs. Mohair Investment and Trading Co. Pvt. Ltd. | Penalty Limitation under Section 275(1)(a) of the Income Tax Act | Delhi High Court
Facts of the Case
The
assessee company was engaged in the business of shares and securities.
For
Assessment Year 2001-02, the assessee filed its return declaring income of
₹3,84,75,860.
During...
Commissioner of Income Tax-IV, New Delhi vs. Escorts Automotives Ltd. | Business Promotion Expenses on Gift Items – Disallowance under Section 37(1) Remanded for Verification by Delhi High Court
Facts of the CaseThe assessee company was engaged in the business of
leasing, financing, and trading in shares and debentures. For Assessment Year
2005-06, it filed its return declaring a loss of ₹2,76,44,115.During ...
Director of Income Tax vs. India Habitat Centre | Delhi High Court Upholds Section 11 Exemption and Limits Revisionary Powers under Section 263 of the Income-tax Act, 1961
Facts of the Case
India Habitat Centre was established in 1989 under the sponsorship
of the Government of India, Ministry of Urban Development.
The institution was created to provide a common habitat and
...