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Commissioner of Income Tax v. M/s Mahaan Foods Ltd. – Deduction under Section 80-IA Allowed for New Industrial Undertaking Not Formed by Splitting Up, Reconstruction or Transfer of Old Plant and Machinery
Facts of the CaseM/s Mahaan Foods Ltd. was engaged in the manufacture of
dairy whitener and skimmed milk powder.The assessee claimed deduction under Section 80-IA from
Assessment Year 1995-96 onwards on the basis that ...
M/s Indus Valley Promoters Ltd. v. Commissioner of Income Tax – Addition under Section 68 Upheld for Unexplained Cash Credits, Share Application Money and Advances Received in Cash
Facts of the CaseM/s Indus Valley Promoters Ltd. filed its return declaring a
loss of Rs. 4,93,218. The return was initially processed under Section
143(1)(a), and thereafter scrutiny assessment proceedings were undert...
Li & Fung India Pvt. Ltd. v. Commissioner of Income Tax – Full Deduction under Section 80-O Allowed for Technical, Professional and Commercial Information Services Rendered from India to Foreign Enterprises
Facts of the CaseLi & Fung India Pvt. Ltd., an Indian company engaged in
providing buying and sourcing services to foreign principals, claimed deduction
under Section 80-O of the Income-tax Act in respect of fees r...
Commissioner of Income Tax v. Shri Tirath Ram Ahuja (HUF) – Reassessment Beyond Four Years Held Invalid in Absence of Failure to Disclose Material Facts under Sections 147, 148, 149(1)(a) and 143(3) of the Income-tax Act, 1961
Facts of the CaseThe assessee, Shri Tirath Ram Ahuja (HUF), owned properties
situated at B-6 and B-7, Asaf Ali Road, New Delhi. Original assessments for
Assessment Years 1991-92, 1992-93 and 1993-94 were completed unde...
Director of Income Tax v. Jaipur Golden Charitable Clinical Laboratory Trust – Penalty Proceedings Cannot Survive After Dismissal of Quantum Appeal under Section 260A of the Income-tax Act, 1961
Facts of the CaseThe Revenue filed an appeal before the Delhi High Court
under Section 260A of the Income-tax Act, 1961 in relation to penalty
proceedings concerning Jaipur Golden Charitable Clinical Laboratory Trust.T...
Director of Income Tax (Exemption) v. Jaipur Golden Charitable Clinical Laboratory Trust – Voluntary Corpus Donations Received by Charitable Trust Held Not Taxable under Sections 2(24)(iia), 11, 12, 12A & 260A of the Income-tax Act, 1961
Facts of the CaseThe respondent assessee was a charitable trust registered
under Section 12A of the Income-tax Act, 1961 and was running Jaipur Golden
Hospital at Rohini, New Delhi.For the relevant assessment year, the...
Director of Income Tax (Exemption) v. Jaipur Golden Charitable Clinical Laboratory Trust – Voluntary Corpus Donations Received by Charitable Trust Not Taxable as Income under Sections 2(24)(iia), 11, 12, 12A & 260A of the Income-tax Act, 1961
Facts of the CaseThe assessee, Jaipur Golden Charitable Clinical Laboratory
Trust, was a charitable trust registered under Section 12A of the Income-tax
Act, 1961 and was running Jaipur Golden Hospital, Rohini, New Del...
Director of Income Tax (Exemption) v. Jaipur Golden Charitable Clinical Laboratory Trust – Penalty Proceedings Cannot Survive After Dismissal of Quantum Appeal; No Substantial Question of Law Arises under Section 260A of the Income-tax Act, 1961
Brief Facts of the CaseThe Revenue preferred an appeal before the Delhi High Court
against the order relating to penalty proceedings involving Jaipur Golden
Charitable Clinical Laboratory Trust. The penalty proceedings...
Sabharwal Properties Industries Pvt. Ltd. & Sabharwal Apartments Pvt. Ltd. vs. Income Tax Officer| under section 147 and Section 148 of the Income Tax Act, 1961
Facts
of the CaseThe petitioners, Sabharwal Apartments
Private Limited (SAPL) and Sabharwal Properties Industries Private Limited
(SPIPL), filed writ petitions challenging reassessment notices issued to them
on March...
Commissioner of Income Tax v. Smt. Rani Shankar Mishra: Taxability of Gender Discrimination Compensation and Interest Received from a Foreign Government Under Section 17(3)(iii) of the Income-Tax Act, 1961
Facts of the Case
In
January 1982, the Respondent (Assessee) applied for a position with the
"Voice of America," a state-owned broadcasting agency of the
United States Government.
In
1984, th...