Blog Categories
Subscribe to Newsletter
Join our subscribers list to get the latest Tax Updates and Opportunities.
Pr. Commissioner of Income-Tax-6 vs Nirja Publishers & Printers Pvt. Ltd.: Delhi HC Upholds Deduction Under Section 80IC & Rejects Section 40(a)(ia) Addition — No Substantial Question of Law
FACTS OF THE CASEThe appeals arise from two connected appeals under Section
260A of the Income-tax Act, 1961 by the Pr. Commissioner of Income-Tax-6
(“Revenue”) against orders of the Income-tax Appellate Tribunal (...
PCIT vs Indo Rama Synthetics (India) Ltd. (Delhi High Court) – Sales Tax Incentive Held Capital Receipt | Income Tax Case Law
Facts of the CaseThe assessee, M/s Indo Rama Synthetics (India) Ltd.,
established industrial units in the State of Maharashtra and received sales tax
incentive/subsidy under the Maharashtra Package Scheme of Incentives...
RTI Cannot Override Income Tax Confidentiality: Delhi High Court Sets Aside CIC Order on PM CARES Fund Disclosure – CPIO/Dy. Commissioner of Income Tax vs Girish Mittal (2024) Delhi HC
Facts of the CaseThe respondent filed an RTI application seeking information
regarding PM CARES Fund, including copies of documents submitted for obtaining
income-tax exemption under Section 80G of the Income Tax Act, ...
Sales Tax Subsidy Under Maharashtra Package Scheme of Incentives Held as Capital Receipt Not Taxable – Delhi High Court in CIT-IV v. Indo Rama Textiles Ltd. (ITA 392/2014)
Facts of the CaseThe respondent-assessee, M/s Indo Rama Textiles Ltd.,
established industrial units in Butibori and Takhalghat in Nagpur pursuant to
the “Package Scheme of Incentives, 1993” announced by the Governm...
CIT-IV vs Indo Rama Textiles Ltd. (Delhi High Court) – Sales Tax Subsidy under Maharashtra Package Scheme Held as Capital Receipt | Income Tax Case Law
Facts of the CaseThe respondent-assessee, M/s Indo Rama Textiles Ltd.,
established industrial units at Butibori and Takhalghat in Nagpur, Maharashtra
under the Maharashtra Government’s Package Scheme of Incentives, 1...
Sales Tax Subsidy for Industrial Promotion Treated as Capital Receipt – Delhi High Court in CIT-IV v. Indo Rama Textiles Ltd. (ITA 392/2014) Applying “Purpose Test” | Income-tax Act
Facts of the CaseThe assessee company, M/s Indo Rama Textiles Ltd., received
sales tax subsidy under the Maharashtra Government’s incentive scheme
introduced to promote industrialization in underdeveloped areas. The ...
Delhi High Court: Sales Tax Incentive under Maharashtra Package Scheme of Incentives, 1993 Held a Capital Receipt — CIT vs. Indo Rama Textiles Ltd. & Connected Appeals
Facts of the CaseThe appeals arise from assessment years 1997-98, 2005-06,
2006-07, 2008-09, 2013-14 & 2014-15, where the Commissioner of Income
Tax-IV (Revenue) challenged the income-tax treatment of sales tax
su...
Sales Tax Incentive under Maharashtra Package Scheme 1993 Held Capital Receipt – Delhi High Court in CIT-IV v. Indo Rama Synthetics (India) Ltd. (ITA 392/2014) Applying Purpose Test
Facts of the CaseThe respondent-assessee had established industrial units at
Butibori and Takhalghat in Nagpur, Maharashtra and claimed sales tax incentives
under the “Dispersal of Industries – Package Scheme of In...
Sales Tax Subsidy under Maharashtra Package Scheme of Incentives 1993 Held as Capital Receipt – CIT-IV v. Indo Rama Textiles Ltd. | Delhi High Court | ITA 392/2014
Facts of the CaseThe respondent-assessee, M/s Indo Rama Textiles Ltd., received
sales tax subsidy/incentives from the Government of Maharashtra under the
“Dispersal of Industries Package Scheme of Incentives, 1993....
CIT-IV vs Indo Rama Textiles Ltd – Subsidy under State Incentive Scheme Held Capital Receipt Not Taxable as Revenue Income | Delhi High Court | ITA No. 392/2014 | Income-tax Act
Facts of the CaseThe assessee company received subsidy under a State Government
incentive scheme intended to encourage industrial development and investment in
specified areas.During assessment proceedings, the Assessi...