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Commissioner of Income Tax vs Assessee Company – Deduction of Cyclone Loss Allowed Despite Lower Insurance Claim | Delhi High Court
Facts of the
CaseThe appeal related to Assessment Year 1999-2000.
The assessee claimed deduction for losses suffered due to destruction of goods
in the cyclone that hit Kandla Port, where its stock was stored. The ass...
Commissioner of Income Tax-XII v. Harbir Singh [2011] 2011:DHC:324-DB (Delhi High Court)
Facts of the
CaseThe assessee was engaged in the business of
manufacturing silicon carbide waterproof paper.During a survey conducted under Section 133A of the
Income-tax Act, the assessee surrendered certain amounts ...
M/s Great Eastern Exports v. Commissioner of Income Tax & Connected Appeals – Deduction under Section 80HHC to be Computed After Reducing Deduction Already Allowed under Section 80IA/80IB | Delhi High Court
Facts of the CaseThe batch of appeals raised a common question
concerning the computation of deductions available under Chapter VI-A of the
Income-tax Act. The controversy arose where assessees had already claimed and
...
Commissioner of Income Tax-III vs Whirlpool of India Ltd. (Earlier Known as Kelvinator of India Ltd.) | Delhi High Court Dismisses Revenue Appeal Following Dismissal of Connected Appeal | ITA No. 46/2004
Facts
of the Case1.
The
Revenue filed the present appeal being ITA No. 46/2004 before the Delhi High
Court.2.
The
appeal arose from and was connected with...
Commissioner of Income Tax vs. Vasisth Chay Vyapar Ltd. | Delhi High Court | Interest on Non-Performing Assets (NPA) Not Taxable on Accrual Basis for NBFCs Under Section 45Q of RBI Act
Facts of the Case
The assessee, M/s Vasisth Chay Vyapar Ltd., was a Non-Banking
Financial Company (NBFC).
The assessee had advanced Inter-Corporate Deposits (ICDs) to M/s
Shaw Wallace & Company.
Int...
Commissioner of Income Tax vs OCL India Limited (Delhi High Court) – Consultancy Fees for Market Study: Revenue Expenditure vs Capital Expenditure under the Income-tax Act
Facts of the
CaseOCL India Limited was engaged in the business of
manufacturing cement, refractories, ammonium chloride and soda ash. To
strengthen its position in the cement industry and respond to increasing
compet...
Commissioner of Income Tax, Delhi-II vs. Kelvinator of India Ltd. | Scope of Revision under Section 263 when Two Views are Possible
Facts of the
Case
The assessee, M/s Kelvinator of India Ltd., filed its return of
income for Assessment Year 1989-90.
The Assessing Officer completed the assessment on 26.03.1992 and
allowed deduction un...
Director of Income Tax (Exemption) vs Parivar Sewa Sanstha (Delhi High Court) – Reasonableness of Salary Paid to Specified Person and Eligibility of Exemption under Sections 11, 12 & 13 of the Income Tax Act, 1961
Facts of the
CaseParivar Sewa Sanstha was engaged in charitable
activities relating to family planning, maternal health and child healthcare.
Mrs. Sudha Tiwari was one of the oldest employees of the society and had be...
Commissioner of Income Tax vs Orient Ceramics & Industries Ltd. | Depreciation on Customs Duty, Glow Sign Board Expenditure & UPS Depreciation Allowed | Delhi High Court
Facts
of the CaseThe assessee company had imported
machinery under a duty exemption certificate issued by the Ministry of Finance.
Subsequently, the Customs Department disputed the exemption and issued a show
cause n...
Commissioner of Income Tax vs. Triveni Engineering & Industries Ltd. [2010] 2010:DHC:5743-DB (Delhi High Court)
Facts of the
CaseThe assessee, Triveni Engineering & Industries
Ltd., was engaged in manufacturing activities and project-related businesses
involving sugar plants, water treatment plants, and mini hydel power pro...