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Commissioner/Director of Income Tax (Revenue) vs. Assessee (Respondent) – Following Director of Income Tax vs. Galileo International Inc. [224 CTR 251]
Facts of the
CaseThe Revenue preferred multiple appeals before the
Delhi High Court raising issues concerning the taxability of income in India.
The controversy involved questions that had already been adjudicated by ...
Motor General Finance Ltd. vs. Commissioner of Income Tax: Treatment of Unclaimed Insurance Premium Under Section 40A(5)/40C of the Income Tax Act
Facts of the Case
The
assessee, M/s Motor General Finance Ltd., is a limited company engaged in
the financing business for commercial vehicles under hire-purchase
agreements.
Under
the agreem...
CIT COMMISSIONER OF INCOME TAX vs. SANJEEV SABHARWAL (Note: Parties inferred from standard IT Act appellant/respondent structures based on Department Representation)
Facts of the CaseThe revenue department filed an income tax appeal (ITA
No.1570/2010) before the High Court of Delhi against the respondent assessee.
Concurrently, an application (CM No.5535/2011) was moved by the resp...
Motor General Finance Ltd. vs. Commissioner of Income Tax: Taxability of Unclaimed Insurance Premium Balances Written Off to Profit and Loss Account Under Sections 40C and 40A(5) of the Income-Tax Act, 1961
Facts of the CaseThe assessee, Motor General Finance Ltd., is a limited company
involved in financing the purchase of commercial vehicles through hire-purchase
agreements. Under the contractual terms, the hirer was und...
Commissioner of Income Tax vs. Ranbaxy Laboratories Ltd.: Applicability of Section 43B(b) on Non-Funded Pension Schemes and Duty Drawback Deductions u/s 80IA
Facts of the CaseThe Revenue filed an appeal against the order of the Income
Tax Appellate Tribunal (ITAT) concerning the respondent-assessee, M/s Ranbaxy
Laboratories Ltd., for the Assessment Year (AY) 2001-02.The ass...
Motor General Finance Ltd. vs. Commissioner of Income Tax: Deciding Taxability of Unclaimed Insurance Surpluses Transferred to Profit & Loss Account
Facts of the CaseThe assessee, Motor General Finance Ltd., a limited company
engaged in commercial vehicle financing under hire-purchase agreements,
required hirers to comprehensively insure financed vehicles. To ensur...
Motor General Finance Ltd. vs. Commissioner of Income Tax: Taxability of Unclaimed Insurance Premium Written Off and Credited to Profit and Loss Account Under Sections 40A(5) and 40C of the Income-Tax Act, 1961
Facts of the Case
Assessee’s
Business Operations: The assessee, Motor General Finance
Ltd., is a limited company engaged in the commercial vehicle financing
business under hire-purchase agreem...
Motor General Finance Ltd. vs. Commissioner of Income Tax: Taxability of Unclaimed Insurance Premium Written Off and Credited to Profit and Loss Account Under Sections 40A(5) and 40C of the Income-Tax Act, 1961
Facts of the Case
Assessee’s
Business Operations: The assessee, Motor General Finance
Ltd., is a limited company engaged in the commercial vehicle financing
business under hire-purchase agreem...
Jagtar Singh vs. Petitioner (State/Income Tax Department) | Scope of Recalling Witnesses and Reading Pre-Charge Cross-Examination Post-Charge under Section 311 Cr.P.C.
Facts of the Case
The
respondent examined Jagtar Singh, Assistant Commissioner of Income Tax, as
Prosecution Witness 1 (PW1) at the pre-charge stage.
PW1
was cross-examined by the counsel for the p...
Taxability of Unclaimed Trading Balances Under Section 28(i) of the Income Tax Act: Motor General Finance Ltd. vs. CIT
Facts of the Case
The
Assessee (Motor General Finance Ltd.) is a limited company engaged in the
business of financing commercial vehicles under hire-purchase agreements.
Per
the agreement terms, ve...