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GECAS Services India Pvt. Ltd. vs Income Tax Officer & Ors. Delhi High Court | Validity of Garnishee Proceedings under Section 226(3) of the Income Tax Act, 1961 without Prior Notice to Assessee
Facts of the
CaseThe Petitioner, GECAS Services India Pvt. Ltd., a
wholly owned subsidiary of the GE Group, was engaged in providing marketing
support, liaisoning, and administrative services in connection with aircra...
Commissioner of Income Tax v. I.T.C. Limited | Whether Royalty Paid to Airports Authority of India for Executive Lounge Operations Constitutes “Rent” Liable for TDS under Section 194-I and Penalty under Section 271C of the Income Tax Act, 1961
Facts of the CaseITC Limited was awarded a contract by Airports
Authority of India through a competitive tender process for operating an
Executive Lounge at the international terminal of Indira Gandhi International
Ai...
Principal Commissioner of Income Tax (Central)-1 vs Sahara India Financial Corporation Ltd. | Delhi High Court | Section 260A Income Tax Act | Revenue Appeals Held Misconceived Against Dismissal of Assessee’s Cross-Objections
Facts of the CaseThe Revenue preferred multiple appeals before the Delhi High
Court against a common order of the Income Tax Appellate Tribunal dated 13
December 2016. The ITAT had dismissed the cross-objections filed ...
Taxability of Composite Rental Income from Letting of Furnished Commercial Premises under Sections 56(2)(iii), 24(a) & 57(iii) of the Income Tax Act, 1961 | Delhi High Court
Facts of the
CaseJay Metal Industries Pvt. Ltd., the assessee, had
leased out a commercial building situated at Udyog Vihar, Gurgaon, under a
lease deed dated 5 October 2007, to Feedback Ventures Pvt. Ltd. The lease
...
Commissioner of Income Tax vs I.T.C. Limited (Delhi High Court) – Whether Royalty Paid to Airports Authority of India for Operating Executive Lounge Constitutes ‘Rent’ Under Section 194-I and Liability for TDS, Interest & Penalty under Sections 201(1A) and 271C of the Income-tax Act, 1961
Facts of the CaseThe assessee, I.T.C. Limited, was awarded a
contract by the Airports Authority of India (AAI) for operating an Executive
Lounge at Indira Gandhi International Airport, New Delhi, pursuant to a
competi...
Unitech Limited vs Deputy Commissioner of Income Tax, Circle-27(1), New Delhi Reassessment under Sections 147/148 of the Income Tax Act, 1961 – Validity of Reopening Beyond Four Years in Absence of Failure to Disclose Material Facts | Delhi High Court
Facts of the CaseThe Petitioner, Unitech Limited, filed its return of income
for AY 2008–09 declaring income of Rs.1334,87,70,381. The case was selected for
scrutiny and notices under Section 143(2) were issued. Duri...
Commissioner of Income Tax vs ITC Limited (Delhi High Court) – TDS on Royalty Paid to Airports Authority of India: Whether Royalty for Executive Lounge Operation Constitutes Rent under Section 194-I of the Income Tax Act, 1961 | Penalty under Section 271C and Interest under Section 201(1A)
Facts of the CaseThe assessee, ITC Limited, was awarded a contract
by the Airports Authority of India (AAI) for operating an Executive Lounge at
Indira Gandhi International Airport, New Delhi. The arrangement was enter...
Pr. Commissioner of Income Tax-12, New Delhi vs. Harpreet Kaur (Legal Heir of Virender Singh Kochar) | Delhi High Court on Section 145, Section 80-IA(8), Section 80-IA(10) & Section 80-IC of Income Tax Act
Facts of the CaseThe assessee was proprietor of M/s Vi-John International,
Delhi and M/s Maja Personal Care, Baddi (Himachal Pradesh), engaged
in manufacturing cosmetic products.For Assessment Years 2006–07 and 2007...
Commissioner of Income Tax, Delhi vs. M/s Bhushan Steels and Strips Ltd. & M/s Vardhman Industries Ltd. – Sales Tax Exemption Subsidy Held as Capital Receipt | Section 43B Income Tax Act
Facts of the
CaseThe assessees, M/s Bhushan Steels and Strips
Ltd. and M/s Vardhman Industries Ltd., established industrial units
in notified backward areas of Uttar Pradesh and claimed exemption from payment
of sale...
Principal Commissioner of Income Tax (Central)-1 vs Sahara India Financial Corporation Ltd. | Delhi High Court | Section 260A Income Tax Act | Revenue Appeal Dismissed on Settled Question of Law
Facts of the CaseThe Revenue, through the Principal Commissioner of Income
Tax (Central)-1, filed multiple appeals before the Delhi High Court challenging
the order of the ITAT dated 13 December 2016. The ITAT had dism...