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Commissioner of Income Tax, Delhi vs Kiran Securities Pvt. Ltd. – Delhi High Court Upholds CBDT Monetary Limit Policy and Dismisses Revenue Appeal Due to Low Tax Effect
Facts of the CaseThe Revenue filed an appeal before the Delhi High
Court under Section 260A of the Income-tax Act, 1961 against Kiran Securities
Pvt. Ltd.The tax effect involved in the appeal was
approximately Rs. 86,...
M/s. Kushwaha Exports (P) Ltd. vs. Commissioner of Income Tax, Delhi-I — Disallowance of Traveling Expenses under Section 37(3) and Weighted Deduction under Section 35B of the Income Tax Act, 1961
Facts of the CaseThe Assessee is a private limited company incorporated in
India. One of its Directors, Mr. S.S. Kushwaha, resided in Moscow (Russia) and
West Germany. He regularly visited India to procure business for...
Interconnect and Port Access Charges Not 'Fees for Technical Services' Under Section 194J: Delhi High Court Ruling
Facts of the CaseThe respondents were companies engaged in providing
cellular telephone services. To facilitate calls between their subscribers and
those of other networks (such as MTNL/BSNL), the respondents entered i...
Commissioner of Income Tax, Delhi-IV, New Delhi vs. Shri Girish Chaudhary | Addition on Basis of Dumb Document Deleted | Section 158B & Section 132(4A) Income Tax Act
Facts of the
Case
A search and seizure operation was conducted on 18 January 2000 at
the premises of M/s I.G. Builders and Promoters Pvt. Ltd., where the
assessee was a Director.
During the search, a doc...
Jay Engineering Works Ltd. vs. Commissioner of Income Tax | Pre-Operative Expenses on Business Expansion: Revenue vs. Capital Expenditure under Section 37(1) of Income Tax Act
Facts of the CaseThe Assessee, M/s Jay Engineering Works Ltd., is a public
limited company engaged in the manufacturing of fans and sewing machines across
various operational units, including a unit in Hyderabad....
Commissioner of Income Tax, Delhi-IV v. Highgain Finvest Pvt. Ltd. – Reassessment under Sections 147/148 Based on Information Regarding Bogus Accommodation Entries | Delhi High Court
Facts of the
CaseM/s Highgain Finvest Pvt. Ltd., engaged in the
business of financing and investment, filed its return of income for Assessment
Year 1997-98 declaring an income of ₹42,700. The return was processed u...
Tax Exemption for Charitable Trusts: Repayment of Loans for Building Construction as Application of Income – Director of Income Tax vs. Span Foundation
Facts of the CaseThe respondent is a charitable trust that purchased
land and completed the construction of a building. To finance this
construction, the trust borrowed significant capital. Following completion, the
t...
Commissioner of Income Tax vs. M/S. Narinder Mohan Foundation (with Section 11, 12 & 13 of the Income Tax Act, 1961)
Facts of the CaseThe Assessee Trust, M/S. Narinder Mohan Foundation, was
founded by the late N.N. Mohan, the then Managing Director of M/s. Mohan Meakin
Breweries Ltd. ("MMBL"), via a registered Trust Deed dated March ...
Commissioner of Income Tax, Delhi (Central)-II vs Usha Iron & Ferro Metal Corporation Ltd. | ITA No. 462/2007 | Delhi High Court
Facts of the
CaseThe Revenue preferred the present income tax appeal
before the Delhi High Court challenging the order passed in favour of Usha Iron
& Ferro Metal Corporation Ltd. The matter came up before the Div...
Penalty Under Section 271(1)(c): Reconsideration Mandated by Retrospective Amendment to Section 271(1B) of the Income Tax Act, 1961
Facts of the CaseThe Income Tax Appellate Tribunal (ITAT) had
previously deleted the penalty imposed under Section 271(1)(c) of the Income
Tax Act, 1961. This decision was based on the legal precedent established by
t...