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Commissioner of Income Tax, Delhi-IV vs IFCI Limited – Penalty under Section 271(1)(c) Cannot Be Levied for Bona Fide Mistake in Claiming Exempt Dividend Income | Delhi High Court
Facts of the
Case
The assessee, IFCI Limited, earned total dividend income of
approximately Rs. 1091.07 lakhs during Assessment Year 1998-99.
Out of the said dividend income, an amount of Rs. 10.45 lakhs
...
Commissioner of Income Tax vs Oracle Software India Ltd. – Depreciation on Software Media Held Allowable under Section 32 of Income Tax Act, 1961 | Delhi High Court Dismisses Revenue Appeal Following Supreme Court Ruling
Facts of the
Case
The Revenue preferred appeals before the Delhi High Court against
the orders passed in favour of the assessee.
The controversy involved the tax treatment and depreciation-related
issues...
Commissioner of Income Tax vs. Oracle Software India Limited – Whether Duplication of Software on Blank CDs Amounts to Manufacture or Production under Section 80-IA of the Income-tax Act, 1961 | Delhi High Court Followed Supreme Court Ruling
Facts of the
CaseThe Revenue preferred appeals before the Delhi High
Court in ITA Nos. 668/2010 and 669/2010 challenging the relief granted to the
assessee concerning the tax treatment of software duplication/manufact...
Commissioner of Income Tax vs. Sushil Kumar Agarwal: High Court Grants Liberty to File Section 254(2) Rectification Application Before ITAT Due to Alleged Erroneous Facts
Facts of the CaseThe Commissioner of Income Tax (the Appellant)
filed appeals (ITA No. 802/2010 and ITA No. 804/2010) before the Hon’ble High
Court of Delhi against the Income Tax Appellate Tribunal's (ITAT) order
c...
Power Finance Corporation Ltd. vs. Additional Commissioner of Income Tax: Dismissal of Income Tax Appeal for Want of Prior Approval from Committee on Disputes (COD) under Section 260A of the Income-tax Act, 1961
Facts of the Case·
The Appellant, Power Finance Corporation Ltd. (a Public Sector
Undertaking), filed a series of Income Tax Appeals (ITA Nos. 1093/2010,
1095/2010, 109...
BDA Ltd. v. Commissioner of Income Tax (Appeals)-XII, New Delhi | Stay of Tax Demand Pending Appeal under the Income-tax Act, 1961 – Delhi High Court
Facts of the Case
The petitioner/assessee had filed an appeal before the Commissioner
of Income Tax (Appeals)-XII, New Delhi against the assessment proceedings.
Along with the appeal, the assessee sought stay o...
Power Finance Corporation Ltd. vs Additional Commissioner of Income Tax | Delhi High Court Dismisses Income Tax Appeals for Want of Committee on Disputes (COD) Approval | ITA Nos. 1093/2010, 1095/2010, 1097/2010 & 1125/2010
Facts of the
Case
Power Finance Corporation Ltd., a Government-controlled entity,
filed multiple income tax appeals before the Delhi High Court.
Applications seeking condonation of delay in filing and refiling...
CIT v. Panem Coal Mines Ltd. | Delhi High Court Dismisses Revenue Appeal Following Earlier Decision in Assessee's Own Case | ITA No. 1123/2010 & ITA No. 1126/2010
Facts of the
CaseThe Revenue filed appeals before the Delhi High
Court against the order passed in favour of Panem Coal Mines Ltd. for
the relevant assessment year. During the hearing, counsel appearing for the
Reven...
Commissioner of Income Tax vs. Sahara India Savings & Investment Corpn. Ltd. | Entitlement to Section 32 Depreciation: Registration of Property vs. De Facto Possession and Business Use Under Section 260A of Income Tax Act, 1961
Facts of the Case
The
Assessee (Sahara India) entered into an agreement to purchase a building
from M/s Aarohi Builder (P) Ltd. on November 4, 1991.
A
balance of ₹2,47,38,673 stood in the buildin...
Director of Income Tax (Exemptions) vs Manav Bharti Institute of Child Education & Child Psychology – Reasonable Salary and Facilities to Specified Persons Do Not Attract Section 13(1)(c) | Delhi High Court
Facts of the
CaseThe Revenue challenged the order of the Income Tax
Appellate Tribunal for Assessment Year 2005-06.The Assessing Officer alleged that the assessee
institution had violated Section 13(1)(c) by providing...