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Commissioner of Income Tax vs. M/S. Arvind Construction Co. Ltd.: Eligibility of Interest on RBI Settlement Bonds under Section 80HHB and Transportation Receipts under Section 80-IA
Facts of the Case
The
Assessee executed certain construction works for two distinct projects in
Iraq functioning as a sub-contractor for the Indian Railway Construction
Corporation (IRCON).
Due
...
Commissioner of Income Tax vs. Dr. R. N. Goel | Delhi High Court Upholds Allowability of Commission and Service Charges Paid to Related Concern under Section 40A(2)(b) of the Income-tax Act, 1961
Facts of the
CaseThe assessee filed his return of income for
Assessment Year 1996-97 declaring income of Rs.18,97,440. During scrutiny
assessment proceedings, the Assessing Officer examined commission of
Rs.30,39,710...
Commissioner of Income Tax vs Asian Hotels Limited (2007) – Whether Notional Interest on Interest-Free Security Deposit Can Be Taxed under Sections 28(iv) and 23(1)(a) of the Income-tax Act, 1961
Facts of the CaseThe assessee, Asian Hotels Limited, had let out certain
shops and received interest-free security deposits from tenants.The Assessing Officer (AO), relying upon an earlier
assessment, held that by acce...
Commissioner of Income Tax, Delhi-IV, New Delhi vs. Hughes Software Systems Limited (2008) – Allowability of Identifiable Direct Expenses in International Project Contracts under the Income-tax Act
Facts of the
CaseThe assessee, Hughes Software Systems Limited,
entered into an agreement with PT Radio Telepon Indonesia (Ratelindo) for
installation, testing, and commissioning of a fixed digital radio cellular
net...
Commissioner of Income Tax vs. Asian Hotels Limited (Delhi High Court) – Whether Notional Interest on Interest-Free Security Deposit Can Be Taxed under Sections 23(1)(a) and 28(iv) of the Income-tax Act, 1961
Facts of the CaseThe assessee, Asian Hotels Limited, had let out certain
shops and received interest-free security deposits from the tenants.The Assessing Officer (AO), relying upon an earlier
assessment, held that the...
Commissioner of Income Tax vs Assessee Revenue Appeal Dismissed Due to Low Tax Effect as per CBDT Monetary Limits | Delhi High Court
Facts of the Case
The Revenue filed an appeal challenging the order of the Income Tax
Appellate Tribunal.
The tax effect involved in the matter was only ₹75,395.
The Tribunal dismissed the Revenue's appeal ...
Commissioner of Income Tax vs Kesho Ram Industries (Delhi High Court) – Whether Addition for Alleged Understatement of Sales Can Be Sustained Without Material Evidence? | Section 260A Income Tax Act
Facts of the CaseThe Revenue filed an appeal under Section 260A of the Income
Tax Act, 1961 against the order dated 09.03.2007 passed by the Income Tax
Appellate Tribunal, Delhi Bench 'F', New Delhi for Assessment Year...
Commissioner of Income Tax v. Delhi Tourism & Transportation Development Corporation Ltd. (DTTDC) & Connected Matters – Requirement of Committee Clearance in Disputes Between Central Government and State Government Entities
Facts of the
Case
Several Income Tax Appeals were filed before the Delhi High Court.
The disputes involved the Central Government, represented by the
Revenue Department, and public sector undertakings/entities...
Director of Income Tax, New Delhi vs Ravva Oil Singapore Pte. Ltd. [2007] – Section 44C Head Office Expenditure Deduction Case | Delhi High Court
Facts of the CaseThe Revenue preferred an appeal before the Delhi High Court
challenging the order of the Income Tax Appellate Tribunal (ITAT). The dispute
pertained to the applicability and interpretation of Section 4...
Commissioner of Income Tax vs Assessee Company – Expenditure on Replacement of Cinema Hall Acoustic and Projection Systems Held as Capital Expenditure | Delhi High Court
Facts of the CaseThe dispute before the Delhi High Court concerned
expenditure incurred by the assessee on the acoustic system and projection
system installed in its cinema hall. The assessee claimed the expenditure as...