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Commissioner of Income Tax (CIT) vs. Nalwa Sons Investment Ltd. – Delhi High Court Dismisses Revenue Appeals; No Substantial Question of Law Arises under the Income-tax Act
Facts of the
CaseThe Revenue preferred appeals before the Delhi High
Court in ITA Nos. 1337/2009 and 1356/2009. During the hearing, it was noted
that the controversy involved in the present appeals had already b...
CIT v. M/s Nalwa Sons Investment Ltd. & Connected Appeals – No Question of Law Arises on MAT Tax Liability under Section 115JB of the Income Tax Act | Delhi High Court
Facts of the CaseThe Revenue preferred appeals before the Delhi High
Court in ITA Nos. 1337/2009 and 1356/2009. The controversy raised in these
appeals was identical to the issue already adjudicated by the Delhi High C...
Commissioner of Income Tax vs. M/s. Xerox Modicorp Limited: Whether Reassessment Under Section 147 Beyond Four Years is Valid Absent Misrepresentation, and Permissibility of Investment Allowance Under Section 32A for Office Apparatus, Xerographic Machines, Toners, Developers, and Photoreceptors Covered Under Eleventh Schedule
Facts of the Case
Core
Business and Initial Filing: The Assessee, M/s. Xerox
Modicorp Limited, is engaged in the primary business of manufacturing and
marketing xerographic copiers, toners, developers...
Commissioner of Income Tax vs. Sikka Overseas Pvt. Ltd. | Delhi High Court | Addition under Section 68 and Penalty Proceedings – Burden of Proof Discharged by Assessee
Facts of the
Case
The assessee, Sikka Overseas Pvt. Ltd., was subjected to assessment
proceedings for Assessment Year 2005-06.
During assessment, the Assessing Officer observed that although
confirmation...
Commissioner of Income Tax v. Anil Kumar Batra [2010] 2010:DHC:4795-DB (Delhi High Court) – Additions Based on Estimation Without Evidence Cannot Be Sustained under Sections 144 & 145(3) of the Income Tax Act
Facts of the
CaseA search and seizure operation was conducted at the
premises of the assessee, Anil Kumar Batra, on 08 January 2004. During
assessment proceedings relating to Assessment Year 1998-99, the Assessing
Of...
COMMISSIONER OF INCOME TAX vs. TRIVENI ENGINEERING & INDUSTRIES LTD. - Whether Unrecoverable Lease Security Deposits and Irrecoverable Employee Advances Inherited Post-Amalgamation Constitute Deductible Business Trading Losses Under Section 28 of the Income Tax Act, 1961
FACTS OF THE CASE
The
respondent-assessee, M/s Triveni Engineering & Industries Ltd., filed
its statutory income tax return for the Assessment Year 2000-01, declaring
a total net loss of ₹12.58 ...
Director of Income Tax (Exemptions) vs Delhi International Football League (2010) 2010:DHC:4797-DB | Registration under Section 12AA cannot be denied merely because fees are charged for charitable activities
Facts of the
CaseThe respondent, Delhi International Football
League, applied for registration under Section 12AA of the Income Tax Act,
1961. The Income Tax Appellate Tribunal directed the Director of Income Tax
(Ex...
Director of Income Tax (Exemptions) vs. Delhi International Football League (Delhi High Court) – Registration under Section 12AA Cannot Be Denied Merely Because Training Fees Are Charged for Promotion of Football Activities
Facts of the
Case
The respondent, Delhi International Football League, applied for
registration under Section 12AA of the Income-tax Act.
The Director of Income Tax (Exemptions) refused registration.
The Inc...
Commissioner of Income Tax vs. Rajdhani Floor Mills Ltd: Scope of Book Profit Estimations and Impact of Consumable Packing Materials under Section 143(3) of the Income Tax Act, 1961.
Facts of the Case
Nature
of Business and Parties: The respondent-assessee,
Rajdhani Floor Mills Ltd, is actively engaged in the manufacturing
business of 'Besan', using Gram as its primary raw materia...
Lachman Dass Bhatia vs Assistant Commissioner of Income Tax | Delhi High Court Permits Withdrawal of Income Tax Appeals to Pursue Writ Petitions | ITA Nos. 724-729 of 2010
Facts of the
CaseThe appellant, Lachman Dass Bhatia, had filed
Income Tax Appeals bearing ITA Nos. 724/2010, 725/2010, 726/2010, 727/2010,
728/2010 and 729/2010 before the Delhi High Court against the Assi...