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Director General of Income Tax (Administration) vs AAIFR & Ors. (Amitabh Bachchan Corporation Ltd.) – Whether Income Tax Department Must Be Heard Before Declaration of a Sick Industrial Company under SICA | Delhi High Court
Facts of the CaseThe Director General of Income Tax (Administration), New
Delhi, filed the present writ petition challenging the order dated 17 November
2000 passed by the Appellate Authority for Industrial and Financi...
Commissioner of Income Tax, Delhi-I v. M/s Delhi Cattle Breeding Farms (P) Ltd., Delhi – Whether Capital Gains on Sale of Agricultural Land Form Part of Distributable Income for Levy of Additional Tax under Section 104 of the Income-tax Act, 1961
Facts of the CaseThe assessee, M/s Delhi Cattle Breeding Farms (P) Ltd., was a
private limited company engaged in agricultural and dairy farming activities.
For Assessment Years 1974-75 and 1975-76, the company had acc...
Commissioner of Income Tax vs M/s Hotel & Restaurant Association – Accumulation of Income for Charitable Objects under Section 11(2) of the Income-tax Act, 1961 | Delhi High Court
Facts of the CaseThe respondent-assessee was a company registered under Section
25 of the Companies Act, 1956 and had also been granted registration under
Section 12A(a) of the Income-tax Act, 1961. For the previous ye...
Jain Tube Company Ltd. vs Commissioner of Income Tax-I (Delhi High Court) – Treatment of Foreign Exchange Fluctuation Loss and Sale of Import Entitlements under Sections 28, 37, 43A & 256(1) of the Income-tax Act, 1961
Facts of the CaseThe Income-tax Appellate Tribunal, Delhi Bench-C, referred two
questions of law to the Delhi High Court under Section 256(1) of the Income-tax
Act, 1961, at the instance of the assessee, Jain Tube Comp...
Shri Shyam Sales vs Income Tax Department & M/s Bansal Commodities – Release of Income Tax Refund Pursuant to Settlement Commission Order Amid Competing Claims | Delhi High Court
Facts of the CaseThe petitioner, Shri Shyam Sales, filed a writ petition
seeking a direction to the Income Tax Department to issue a refund voucher for
pay orders amounting to ₹50.40 lakhs. The claim was based on an ...
Usha Sales Ltd. v. Commissioner of Income-tax (Delhi High Court) – Deductibility of Interest on Income-tax Liability and Surtax Liability under the Income-tax Act, 1961 (Assessment Year 1974-75)
Facts of the CaseThe Income-tax Appellate Tribunal, Delhi Bench ‘C’, referred
two questions of law to the Delhi High Court under Section 256(1) of the
Income-tax Act, 1961, at the instance of the assessee, Usha Sal...
Commissioner of Income Tax v. Sohan Singh (2001) – Penalty under Section 271(1)(c), Benami Firm Income Clubbing, Burden of Proof under Explanation to Section 271(1)(c) | Delhi High Court
Facts of the CaseThe dispute related to Assessment Years 1963-64, 1965-66 and
1966-67.The assessee, Sohan Singh, was an individual taxpayer. The
Income Tax Officer (ITO) reopened the assessments under Section 147 on th...
Commissioner of Income Tax, Delhi-I, New Delhi vs M/s Prem Nath Motors (Private) Ltd., New Delhi (2001) – Interest Liability under Section 201(1A) for Failure to Deduct Tax at Source on Commission and Perquisites
Facts of the CaseThe dispute related to Assessment Years 1967-68 to 1971-72.
During assessment proceedings, the Assessing Officer found that the
assessee-company had failed to properly deduct tax at source under Sectio...
Commissioner of Income Tax, Delhi-I vs M/s Atma Ram Properties Pvt. Ltd. (2002) – Penalty under Section 271(1)(c) on Deleted Additions and Bona Fide Disclosure | Delhi High Court
Facts of the CaseThe Revenue filed an appeal under Section 260A of
the Income-tax Act, 1961 against the order of the Income-tax Appellate Tribunal
affirming the decision of the Commissioner of Income-tax (Appeals...
Director of Income Tax (Exemption) vs Escorts Employees Welfare Trust – Interest on Wealth Tax Refund under Sections 15B & 34A(3A) of the Wealth-tax Act, 1957 | Delhi High Court
Facts of the
CaseThe Revenue filed an appeal under Section 27A of
the Wealth-tax Act, 1957 challenging the consolidated order dated 27 September
2000 passed by the Income Tax Appellate Tribunal, Delhi Bench 'F', relat...