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Commissioner of Income Tax vs M/s S.J. Knitting & Finishing Mills Pvt. Ltd. – Section 260A Income Tax Appeal on Disallowance of Salary Paid to Directors’ Wives and Alleged Bogus Purchases | Delhi High Court
Facts of the CaseThe assessee, M/s S.J. Knitting & Finishing Mills Pvt.
Ltd., was engaged in the business of printing and dyeing fabrics and sarees.
For Assessment Year 1986-87, the assessee had not initially filed...
Commissioner of Income Tax vs. C.L. Rab: Judicial Finality on Additions to Salary and Perquisites under Income-tax Act
Facts
of the CaseThe Revenue (Appellant) filed an appeal
under Section 260A of the Income-tax Act, 1961, challenging a consolidated
order dated August 3, 2001, passed by the Income-tax Appellate Tribunal (ITAT).
The ...
Director of Income Tax vs. M/s HCL Infosystems Ltd: Taxability of Remittances to Foreign Technicians under Section 192 vs. Section 195 of the Income Tax Act
Facts
of the CaseThe Income Tax Department issued
notices to the assessee, M/s HCL Infosystems Ltd, six years after the relevant
period, questioning remittances made to Hewlett Packard (USA). These
remittances covere...
Commissioner of Income Tax-IV vs. M/s. Gopal Das Estate: Assessing Reasonableness of Business Expenditure on Brokerage
Facts
of the CaseThe assessee, M/s. Gopal Das Estate,
claimed a significant sum of Rs. 1,45,25,708 as brokerage/commission expenses
in its profit and loss account. The Assessing Officer (AO) questioned the
reasonable...
Commissioner of Income Tax vs. Shri Shyam Sales: Establishing Identity and Genuineness of Share Capital in Block Assessment
Facts
of the CaseThe assessee company had recorded share
capital in its books, which were seized during a search conducted under Section
132. The assessments for the years 1987-88 to 1995-96 were already completed
pr...
Taxability of Interest on Compensation under Land Acquisition Act: Delhi High Court Analysis in Rohtash Kumar Bhati vs. Dy. Commr. Income Tax
Facts
of the CaseThe petitioner, Rohtash Kumar Bhati,
filed a petition challenging the tax deducted at source (TDS) by the Land
Acquisition Collector. Following the enhancement of compensation by the
Additional Distr...
Commissioner of Income Tax vs. Smt. Kanta Kumari: Delhi High Court on Valuation and Property Acquisition under Section 269-H
Facts
of the CaseThe Income Tax Department initiated
proceedings under Section 269-H of the Income Tax Act, 1961, to acquire a
property located at 7, Court Road, Delhi. The property was subject to an
agreement to sel...
Commissioner of Income Tax vs. Shri Shyam Sales | Deletion of Penalty Under Section 271(1)(c) for Bona Fide Reliance on Erroneous Bank Pass Book Entries Confirmed
Facts
of the Case·
Parties and
Assessment Year: The Revenue preferred an appeal
against the assessee, Shri Shyam Sales, concerning the Assessment Year 1992-93. · ...
M/s General Commerce Ltd. vs Commissioner of Income Tax [2003] – Delhi High Court Upholds Withdrawal of Appeal; Income Tax Appeal Dismissed as Not Pressed under Section 260A of the Income-tax Act, 1961
Facts of the CaseM/s General Commerce Ltd. had filed an appeal before the
Delhi High Court against an order relating to income tax proceedings. During
the course of hearing, learned counsel appearing for the appellant ...
M/S Sapna Tours Travels & Leasing v. The Commissioner of Income Tax: Denial of Higher Depreciation Under Section 32 on Imported Vehicles Leased to Corporate Companies vs. Direct Use for Foreign Tourists
Facts
of the CaseThe appellant, M/S Sapna Tours Travels
& Leasing, claimed higher depreciation under Section 32 of the Income-tax
Act, 1961, on imported vehicles. The Assessing Authority disallowed this claim,
wh...