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Delhi High Court | Commissioner of Income Tax, Delhi vs Maruti Udyog Ltd. (Now Maruti Suzuki India Ltd.) — Section 43B of the Income-tax Act, 1961 | Unutilized MODVAT Credit, Excise Duty & Sales Tax Deduction
Facts of the CaseMaruti Suzuki India Limited, engaged in manufacturing and sale
of automobiles, claimed deduction under Section 43B in respect of:
Unutilized
MODVAT credit carried forward from earlier years and
...
Pr. Commissioner of Income Tax-6 v. Maruti Udyog Ltd. | Delhi High Court on Customs Duty Adjustment in Closing Stock and Sales Tax Subsidy as Capital Receipt under the Income Tax Act, 1961
Facts of the CaseMaruti Udyog Ltd. had imported components for export purposes
and incurred customs duty liability. At the close of the financial year,
exports in respect of some imported components had not yet been co...
Commissioner of Income Tax, Delhi vs Maruti Udyog Ltd. | Delhi High Court on Duty Drawback Accrual, MODVAT Credit Adjustment, Section 43B, Section 80-IB and Section 80HHC Deduction
Facts of the CaseThe Revenue filed an appeal before the Delhi High Court
challenging the order of the Income Tax Appellate Tribunal (ITAT) for
Assessment Year 2004–05. The dispute arose from four major issues:
Dete...
Maruti Udyog Ltd. vs Commissioner of Income Tax, Delhi | Delhi High Court on Section 43B Deduction, MODVAT Credit & Software Expenditure [ITA No. 442/2005]
Facts of the Case
Disallowance
of excise duty deposited in the Personal Ledger Account (PLA) amounting to
Rs. 2,93,59,644.
Disallowance
of unutilized MODVAT credit amounting to Rs. 65,43,26,890.
...
Commissioner of Income Tax, Delhi vs M/s Maruti Udyog Ltd. | Delhi High Court on Deletion of Addition for Alleged Excess Consumption of Raw Materials under the Income Tax Act, 1961
Facts of the CaseThe Revenue filed an appeal against the order of the Income
Tax Appellate Tribunal dated 5 September 2008 for Assessment Year 2000–01. The
Assessing Officer had made a total addition of ₹53,05,13,9...
SC Johnson Products Pvt. Ltd. vs Assistant Commissioner of Income Tax, Circle-22(2), New Delhi – Writ Petition Dismissed with Reference to Connected Matter (Delhi High Court)
Facts of the CaseThe petitioner, SC Johnson Products Private Limited,
filed a writ petition before the Delhi High Court challenging certain actions
of the Income Tax Department. The present matter, W.P.(C) 10904/2016, ...
SC Johnson Products Pvt. Ltd. vs Assistant Commissioner of Income Tax & Anr. (Delhi High Court) – Reassessment under Sections 147/148 on Change of Accounting Method & Disclosure of Material Facts
Facts of the Case
The
assessee, SC Johnson Products Pvt. Ltd., filed returns for AY
2007-08 and AY 2008-09.
Assessments
were completed under Section 143(3) after scrutiny.
Later,
the Incom...
Commissioner of Income Tax vs Narinderjit Singh – Deductibility of Provision for Contract Liability | Whether Contingent or Ascertained Liability u/s 37, 144A (Delhi High Court)
Facts of
the Case
The
assessee, proprietor of M/s N.J. Design Build, acted as a sub-contractor
for a project awarded to Bhasin Associates Pvt. Ltd. (BAPL).
The
project related to constructio...
Dabur India Ltd. vs Pr. Commissioner of Income Tax-III (Delhi High Court) – Transfer Pricing Adjustment on Royalty | Sections 92B, 92C, 92CA & 260A
Facts of the Case
The
assessee, Dabur India Ltd., permitted use of its brand name “Dabur” and
provided expertise to its overseas entity (initially Redrock, later Dabur
International Ltd., UAE).
...
Commissioner of Income Tax (Central)-I vs M/s Russian Technology Centre (P) Ltd. | Delhi High Court | Section 68 & Section 153A Income Tax Act | Addition on Share Capital from Foreign Investors Deleted
Facts of the CaseThe Revenue preferred appeals before the Delhi High Court
against the orders of the Income Tax Appellate Tribunal (ITAT), whereby
additions made by the Assessing Officer under Section 68 of the Income ...