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Commissioner of Income Tax, Delhi vs M/s Sagar Suri Estate & Finance – Appeal under Section 260A of the Income-tax Act, 1961 on Whether Any Substantial Question of Law Survives After Finality of CIT v. Bansal Credits Ltd. and Dismissal of Special Leave Petitions by the Supreme Court
Facts of the CaseThe Revenue, through the Commissioner of Income Tax, Delhi,
filed an appeal before the Delhi High Court under Section 260A of the
Income-tax Act, 1961 against M/s Sagar Suri Estate & Finance. The i...
Commissioner of Income Tax vs M/s Sidhu Leasing & Finance Co. (2003) – Delhi High Court on Maintainability of Appeal under Section 260A of the Income-tax Act, 1961 Following Finality of Bansal Credits Ltd. Judgment | No Substantial Question of Law Arises for Consideration
Facts of the CaseThe Revenue filed an appeal before the Delhi High Court
under Section 260A of the Income-tax Act, 1961 against the order passed
in favour of M/s Sidhu Leasing & Finance Co.The principal issue sough...
M/s Siri Shyam Sales v/s. Commissioner of Income Tax: Remand of Matter to ITAT Following Quashing of Precedent Orders Under Section 255(4)
Facts
of the Case·
Assessment Year: The dispute pertains to the Assessment Year
1995-96. ·
Tribunal
Proceedings: Duri...
Commissioner of Income Tax vs M/s Sidhu Leasing & Finance Co. (2003) – Delhi High Court on Maintainability of Appeal under Section 260A of the Income-tax Act, 1961 Following Finality of Bansal Credits Ltd. Judgment | No Substantial Question of Law Arises for Consideration
Facts of the CaseThe Revenue filed an appeal before the Delhi High Court
under Section 260A of the Income-tax Act, 1961 against the order passed
in favour of M/s Sidhu Leasing & Finance Co.The principal issue sough...
Shri Shyam Sales Cases: Delhi High Court Remands Matters Back to ITAT for Fresh Speaking Order
Facts
of the CaseThe Revenue preferred a group of Income
Tax Appeals (ITA Nos. 449/2003, 451/2003, 452/2003, 453/2003, 514/2003,
515/2003, 450/2003, and 454/2003) before the Hon’ble High Court of Delhi
against the ...
Commissioner of Income Tax vs Machino Plastics Pvt. Ltd. (2003) – Depreciation on Enhanced Cost of Plant & Machinery Due to Foreign Exchange Fluctuation under Sections 43A and 260A of the Income-tax Act, 1961 | Delhi High Court Dismisses Revenue Appeal for Absence of Substantial Question of Law
Facts of the CaseThe Revenue filed an appeal before the Delhi High Court
under Section 260A of the Income-tax Act, 1961, challenging the order dated 13
February 2003 passed by the Income Tax Appellate Tribunal (ITAT), ...
Commissioner of Income Tax, Delhi vs R.S. Sibal [ITA No. 264/2003] – Delhi High Court on Section 68 Additions Based on NRI Gifts | Whether Relationship with Donor is Mandatory to Prove Genuine Gift | Identity, Capacity and Genuineness of Gift Transactions Explained
Facts of the CaseDuring assessment proceedings for Assessment Year 1994-95,
the Assessing Officer noticed two deposits of Rs. 7,00,000 and Rs. 2,25,000
in the assessee's bank account. The assessee explained that these ...
Commissioner of Income Tax (Revenue) Vs. Shri Shyam Sales: High Court Sets Aside Perverse ITAT Order for Failing to Consider Material Facts under Income Tax Appeal (ITA)
Facts
of the Case·
The Revenue preferred a group of Income
Tax Appeals, specifically ITA Nos. 379/2003, 382/2003, 422/2003, 378/2003,
413/2003, 491/2003, 388/2003, and...
Commissioner of Income Tax, Delhi vs M/s S.R. Fragrances Ltd. (Delhi High Court) – Section 260A Income-tax Act | Deletion of Addition on Alleged Suppression of Production Due to Shortage/Wastage of Raw Material | No Substantial Question of Law Arises from ITAT’s Findings of Fact
Facts of the CaseThe assessee, M/s S.R. Fragrances Ltd., was engaged in the
business of manufacturing pan masala. During assessment proceedings for
Assessment Year 1994-95, the Assessing Officer observed that the tax a...
Commissioner of Income Tax vs. M/S Itochu Corporation: Deletion of Section 271C Penalty under Income-tax Act on Salaries Paid to Expatriates Outside India
Facts
of the CaseThe respondent, M/S Itochu Corporation,
is a company incorporated in Japan that operates a liaison office in Delhi,
India, for its business activities. The company deputed Japanese employees to
work ...