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The Commissioner of Income Tax-XIII vs Sh. Kanwaljit Singh – Delhi High Court, Section 28(va) & Section 17(1), Non-Compete Agreement Income Classification
Facts of the
CaseSh. Kanwaljit Singh served as the General Sales
Agent for Uzbekistan Airways (Uzind Corporation), receiving a fixed salary of
₹1,32,000 per annum. In addition, a Non-Compete Agreement (NCA) da...
Commissioner of Income Tax, New Delhi vs Jaggon International Ltd | Whether Deep Sea Matdrill Qualifies as a Ship under Section 115VD for Tonnage Tax Scheme under Income Tax Act, 1961
Facts of the
Case
The assessee opted for the Tonnage Tax Scheme under Chapter XII-G,
specifically under Sections 115VP and 115VR of the Income Tax Act, 1961.
The assessee owned vessels used in drilling operati...
The Commissioner of Income Tax-XIII vs. Sh. Kanwaljit Singh | Delhi High Court | ITA 607/2010 & 921/2010 | Section 143 & 147
Fact of the caseThe appeals before the Delhi High Court involve
assessments under the Income Tax Act. The Commissioner of Income Tax-XIII
(Appellant) challenged the order passed by the Income Tax authorities against
S...
Commissioner of Income Tax vs Youth Construction Pvt. Ltd. – Section 68 Share Application Money Accommodation Entries, Identity, Creditworthiness & Genuineness of Transactions | Delhi High Court
Facts of the
CaseThe assessee-company filed its return for
Assessment Year 2000–01 declaring income of Rs.41,180, which was initially
processed under Section 143(1). Subsequently, the Assessing Officer received
inf...
Rural Electrification Corp Ltd vs Commissioner of Income Tax (LTU), Delhi High Court, Section 147 & 148 – Assessment Year 2004-05
Facts of the Case:
The writ petition filed by Rural Electrification Corp Ltd challenged the
notice issued under Section 148 of the Income Tax Act, 1961 for
reopening the assessment for the year 2004-05. The reopening ...
Commissioner of Income Tax-XI vs. Sangeeta Wig | Capital Gains on Slump Sale – Section 50B & 54F, Income Tax Act, 1961
Facts of the
CaseThe appellant, Commissioner of Income Tax-XI,
challenged the order of the Income Tax Appellate Tribunal (ITA No. 4274/(Del)/2011)
concerning the assessment year 2008-09. The dispute arose over the
cl...
Director of Income Tax v. Cargill TSF Pte Ltd | Delhi High Court | Bill Discounting Charges Not Taxable as Interest under Section 2(28A) of Income Tax Act
Facts of the
CaseCargill TSF Pte Ltd, incorporated in Singapore and
a tax resident of Singapore, was engaged in providing financial services
including subscription, buying, underwriting, acquisition, holding and tradi...
Commissioner Income Tax-V vs Nipun Auto Pvt Ltd | Delhi High Court 2013 | Section 68 IT Act | Unexplained Investments & Share Application Money
Facts of the Case:
The appeal by the revenue challenged the order of the Income Tax Appellate
Tribunal (ITA No. 1493/2012) for Assessment Year 2006-07. The Assessing Officer
had added ₹37,75,465/- and ₹30,41,000/-...
Commissioner of Income Tax vs. Mehta Charitable Prajnalay Trust – Exemption under Sections 11, 11(4), 11(4A) and 260A of the Income Tax Act on Whether Business Income of a Charitable Trust Constitutes Property Held Under Trust
Facts of the
Case
Mehta Charitable Prajnalay Trust was established through a trust
deed dated 08.09.1971 with an initial corpus of approximately ₹2,200.
The trust objectives included advancement of education...
Commissioner of Income Tax-XIII vs Sh. Kanwaljit Singh (ITA 607/2010 & ITA 921/2010) – Delhi High Court | Income Tax Appeal under Section 147 & 148
Facts of the
CaseThe appeals before the Delhi High Court involved
the Commissioner of Income Tax-XIII as the appellant and Sh. Kanwaljit Singh as
the respondent. The core matter pertained to income tax assessmen...