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CIT Central-III, New Delhi vs Hitashi Estates Limited | Tenancy Rights are Capital Assets and Not Stock-in-Trade Merely Due to Accounting Treatment
Facts of the CaseThe assessee had taken Property No. 7, Kasturba
Gandhi Marg (KG Marg), New Delhi on rent and subsequently incurred substantial
expenditure towards improvements in the rented premises. The premises rema...
Commissioner of Income Tax, Delhi-IV vs Dharam Pal Prem Chand Ltd. | Deduction under Section 80-IB on Excise Duty Refund – Delhi High Court
Facts of the
Case
Dharam Pal Prem Chand Ltd. claimed deduction under Section 80-IB in
respect of income arising from refund of excise duty received by its
Agartala industrial unit.
The excise duty refund...
Commissioner of Income Tax, Delhi-IV vs. Dharam Pal Prem Chand Ltd. | Excise Duty Refund Eligible for Deduction Under Section 80-IB of the Income Tax Act – Delhi High Court
Facts of the
CaseThe assessee, M/s Dharam Pal Prem Chand Ltd., was
engaged in the manufacture of flavoured chewing tobacco and Kiwam. It had
manufacturing units at Barotiwala (Himachal Pradesh) and Agartala (Tripura)....
Commissioner of Income Tax vs. M/s Rampur Engineering Co. Ltd. & Connected Matters – Satisfaction for Initiation of Penalty under Section 271(1)(c) Must Be Discernible from Assessment Order | Delhi High Court Full Bench
Facts of the CaseA batch of appeals was filed by the Revenue
challenging various orders of the Income Tax Appellate Tribunal whereby
penalties imposed under Section 271(1)(c) of the Income Tax Act, 1961 had
either bee...
Commissioner of Income Tax vs. M/S Jindal Exports Limited & Ors. [2009:DHC:429-DB] Setting Off MAT Credit Before Computing Interest under Sections 234B and 234C: Delhi High Court Ruling in CIT vs. M/S Jindal Exports Limited
Facts of the CaseThe Income Tax Department charged interest under Sections
234B and 234C on the "assessed tax" without first setting off the
MAT credit available to the assessees. The assessees contended that since MAT...
Setting Off MAT Credit (Section 115JAA) Before Computing Interest Under Sections 234B & 234C: Delhi High Court Ruling
Facts of the CaseThe Income Tax Department appealed several orders from the
Income Tax Appellate Tribunal (ITAT). The Department contended that for
assessment years prior to the Finance Act, 2006 amendments, MAT credit...
MAT Credit Set-Off Before Interest Calculation: Delhi High Court Ruling in Commissioner of Income Tax v. Jindal Exports Limited
Facts of the CaseThe core dispute involved the timing of setting off Minimum
Alternate Tax (MAT) credit available under Section 115JAA of the Income
Tax Act. The Revenue (Appellant) contended that interest under Sectio...
CIT-XIII vs Taniya Construction Co. | Filing of Audit Report During Assessment Proceedings Satisfies Requirement under Section 80HHB of the Income Tax Act – Delhi High Court
Facts of the Case
The assessee claimed deduction under Section 80HHB of the Income
Tax Act, 1961.
The prescribed certificate was filed along with the return of
income.
The audit report was not filed alo...
Commissioner of Income Tax vs. Various Respondents: Judicial Dismissal of Appeals as Academic Post-Judgment
Facts of the CaseThe Revenue (Appellant) had initiated a series of eight
separate Income Tax Appeals, specifically ITA 1048/2008 through ITA 1055/2008,
seeking to challenge a lower court judgment. These appeals were li...