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Commissioner of Income Tax, Delhi vs. Maruti Udyog Ltd. (Delhi High Court) – Section 43B, Section 145A, Section 14A & Section 80HHC of the Income Tax Act, 1961 | Customs Duty in Closing Stock, Interest Disallowance & Export Deduction
Facts of the
CaseThe assessee, Maruti Udyog Ltd., had paid customs
duty on imported raw materials and inputs and claimed deduction under Section
43B on actual payment basis. During assessment proceedings, the Assessin...
Commissioner of Income Tax, Delhi vs Maruti Suzuki India Ltd. (Delhi High Court) – Taxability of Duty Drawback Income under the Income-tax Act | Accrual of Income and Year of Taxability
Facts of the
CaseThe Revenue filed appeals against the order passed
by the Income Tax Appellate Tribunal (ITAT) concerning Assessment Years 1995–96
and 1996–97.The dispute pertained to substantial amounts
claimed...
Sunbeam Auto Private Limited vs Pr. Commissioner of Income Tax | Delhi High Court on Taxability of Sales Tax Subsidy as Capital Receipt under Sections 143(3) and 264 of the Income Tax Act
Facts of the CaseThe petitioner-company, Sunbeam Auto Private Limited, received
sales tax subsidy under a government incentive scheme for industrial
development. During assessment proceedings for Assessment Years 2007â...
Sunbeam Auto Private Limited vs Principal Commissioner of Income Tax | Delhi High Court on Sales Tax Subsidy as Capital Receipt under Sections 143(3) & 264 of the Income Tax Act, 1961
Facts of the CaseSunbeam Auto Private Limited filed writ petitions challenging
the order dated 30 March 2015 passed by the Principal Commissioner of Income
Tax under Section 264 of the Income Tax Act. The revision appl...
Sunbeam Auto Private Limited vs Principal Commissioner of Income Tax (Delhi High Court) – Sales Tax Subsidy Held as Capital Receipt under Sections 143(3) & 264 of the Income Tax Act, 1961
Facts of the CaseSunbeam Auto Private Limited received sales tax subsidy under
an industrial incentive scheme. During assessment proceedings for Assessment
Years 2007–08 to 2010–11, the Assessing Officer treated th...
Sunbeam Auto Private Limited vs Principal Commissioner of Income Tax (Delhi High Court) – Sales Tax Subsidy Held as Capital Receipt under Sections 143(3) and 264 of the Income Tax Act, 1961
Facts of the CaseSunbeam Auto Private Limited received sales tax subsidy under
an industrial incentive scheme. During assessment proceedings for Assessment
Years 2007–08 to 2010–11, the Assessing Officer treated th...
Commissioner of Income Tax, Delhi vs Maruti Suzuki India Ltd. | Taxability of Duty Drawback Income under the Income-tax Act | Delhi High Court
Facts of the CaseThe Revenue preferred an appeal before the Delhi High Court
challenging the order passed by the Income Tax Appellate Tribunal (ITAT) dated
29 October 2010 in relation to Assessment Year 1998-99. The Tr...
Commissioner of Income Tax, Delhi vs Maruti Suzuki India Ltd. | Penalty under Section 271(1)(c) of the Income Tax Act, 1961 on Debatable Tax Issues – Delhi High Court Judgment
Facts of the CaseThe Revenue preferred an appeal before the Delhi High Court
challenging the order passed by the Income Tax Appellate Tribunal (ITAT) dated 11
September 2009 for Assessment Year 1999–2000. The ITAT ha...
Commissioner of Income Tax, Delhi vs Maruti Suzuki India Ltd. | Delhi High Court Upholds Deduction of Customs Duty under Section 43B on Imported Components Used for Export
Facts of the CaseThe present appeal was filed by the Revenue before the Delhi
High Court challenging the order of the Income Tax Appellate Tribunal (ITAT)
for Assessment Year 2005–06. The dispute arose regarding the ...
Commissioner of Income Tax, Delhi vs Maruti Suzuki India Ltd. | Delhi High Court | Custom Duty Valuation, Closing Stock Adjustment & Sales Tax Subsidy under the Income Tax Act, 1961
Facts of the CaseMaruti Suzuki India Ltd., engaged in automobile manufacturing,
claimed deductions and accounting treatment in relation to customs duty on
imported components used for export purposes and inventory valu...