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Commissioner of Income Tax vs. Rajinder Kashyap & Kashyap Motors Pvt. Ltd. | Limitation for Block Assessment and AO's Power to Extend Special Audit Period under Sections 158BE & 142(2C) of the Income Tax Act
Facts of the Case
A search and seizure operation under Section 132A was conducted on
22 December 1999 in the case of Kashyap Motors Pvt. Ltd.
Rajinder Kashyap was the Managing Director of the company during
...
ITA No. 487/2009 v. Commissioner of Income Tax – Delhi High Court Dismisses Income Tax Appeal Due to Low Tax Effect Below ₹10 Lakh | CBDT Monetary Limit Case
Facts of the Case:
The matter came before the Delhi High Court in an
Income Tax Appeal filed by the appellant. During consideration of the appeal,
the Court noted that the tax effect involved in the matter was less th...
Commissioner of Income Tax vs. Modi Xerox Ltd. (Delhi High Court) – Allowability of Dealer Discounts, Commission Expenses, Business Loss Write-Off and Deduction under Section 80HHC
Facts of the CaseThe assessee claimed deduction of substantial
amounts paid as General Discount, Trade-in Discount and Dealer Discount to
various parties during the relevant assessment year. The Assessing Officer
disa...
Commissioner of Income Tax vs. Modi Xerox Ltd. (Delhi High Court) – Allowability of Dealer Discounts, Commission Expenses, Business Loss Write-Off and Deduction under Section 80HHC
Facts of the CaseThe assessee claimed deduction of substantial
amounts paid as General Discount, Trade-in Discount and Dealer Discount to
various parties during the relevant assessment year. The Assessing Officer
disa...
Commissioner of Income Tax Vs. Assessee – Delhi High Court Dismisses Revenue Appeal on Low Tax Effect under CBDT Monetary Limit Instructions | ITA No. 205/2009
Facts of the CaseThe Revenue filed an appeal before the Delhi High
Court under the provisions of the Income-tax Act. During the hearing, it was
noticed that the tax effect involved in the appeal was below ₹10 lakh. T...
M/s Tax Holdings Pvt. Ltd. vs Commissioner of Income Tax | Section 68 of Income Tax Act, 1961 - Addition on Alleged Bogus Share Application Money and Accommodation Entries – Delhi High Court
Facts of the CaseThe assessee, M/s Tax Holdings Pvt. Ltd.,
filed its return for Assessment Year 2002-03 declaring a business loss.
Subsequently, the Assessing Officer received information from the Investigation
Wing t...
Commissioner of Income Tax v. Assessee (Name Not Available) under Section 260A of Income Tax Act, 1961 | Delhi High Court Dismisses Revenue Appeal Due to Low Tax Effect | ITA No. 315/2011 (2011)
Facts
of the Case• The Revenue filed an appeal
before the Delhi High Court challenging the order passed in favour of the
assessee.
• The appeal was registered as ITA No. 315/2011.
• During the hearing, the Cou...
Mod Creations Pvt. Ltd. vs Income Tax Officer (Delhi High Court) – Section 68 of Income Tax Act, 1961 Unexplained Cash Credit Addition Deleted Where Identity, Creditworthiness and Genuineness of Creditors Established
Facts of the Case
The assessee, Mod Creations Pvt. Ltd., was engaged in the
business of trading in imported tailoring accessories.
During Assessment Year 2002-03, the assessee received unsecured
loans agg...
Rolls Royce Plc v. Director of Income Tax (International Taxation) – Permanent Establishment (PE) in India through Indian Subsidiary under Article 5 of India–UK DTAA and Taxability of Profits Attributable to PE
Facts of the CaseRolls Royce Plc was incorporated in England and
Wales and was a tax resident of the United Kingdom. It supplied parts and
equipment to Indian customers, including the Indian Navy, Indian Air Force and
...
Commissioner of Income Tax vs Pfizer Limited – Treatment of Balance Written Back, Business Income and Deduction under Section 80HHC | Delhi High Court
Facts of the Case
The assessee had written back certain expenditure liabilities in
its books of account.
The written-back amount represented balances relating to
expenditure incurred in earlier years.
T...