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Commissioner of Income Tax (Revenue) vs Assessee engaged in Knitting & Trading of Sarees – Deletion of Additions under Block Assessment under Section 158B(b) of Income Tax Act, 1961 (Delhi High Court – ITA No. 429/2008, 2009:DHC:9528-DB)
FACTS OF THE CASEThe present Income Tax Appeal before the Delhi High
Court arose from additions made by the Assessing Officer during block
assessment proceedings in respect of alleged undisclosed income relating to a
...
Commissioner of Income Tax vs M/s Jindal Exports Ltd & Ors (Delhi High Court, 2009) – MAT Credit Set-Off Prior to Interest Computation under Sections 234B & 234C of Income Tax Act, 1961 | Rectification under Section 154 – Whether Highly Debatable Issue
Facts of the CaseA batch of income tax appeals was filed by the
Revenue against various companies including Jindal Exports Ltd, Nestle India
Ltd, Nokia India Ltd, Mitsubishi Corporation India Pvt Ltd, and others....
Commissioner of Income Tax v. Assessee – Validity of Search Authorization, Limitation for Block Assessment and Mandatory Notice under Section 143(2) in Block Assessment Proceedings | Delhi High Court
Facts of the
CaseThe Revenue filed appeals before
the Delhi High Court challenging the order of the Income Tax Appellate Tribunal
(ITAT). Though several questions of law were framed in the appeals, the
controversy su...
Commissioner of Income Tax vs Continental Packaging Pvt. Ltd. & Ors. (Delhi High Court) – Computation of Interest under Sections 234B & 234C vis-à-vis Set-off of MAT Credit under Section 115JAA; Scope of Rectification under Section 154 of Income Tax Act, 1961
Facts of the Case
Multiple appeals were filed by the Revenue (CIT) against
different assessees including corporate entities such as Jindal Exports
Ltd., Nestle India Ltd., Continental Packaging Pvt. Ltd., a...
Commissioner of Income Tax (CIT) vs M/s Jindal Exports Ltd & Ors. (Delhi High Court, 06.02.2009) – MAT Credit Set-Off Priority vs Interest Computation under Sections 234B & 234C read with Section 115JAA of Income Tax Act, 1961
Facts of the
Case
A batch of appeals was filed by the Income Tax Department (CIT)
against multiple assessees including corporate taxpayers such as Jindal
Exports Ltd, Nestle India Ltd, Nokia India Ltd, Mit...
Commissioner of Income Tax vs Jindal Exports Ltd. & Ors. | MAT Credit Adjustment Priority over Interest under Sections 234B & 234C – Delhi High Court (2009) | Section 115JAA, 234B, 234C, 154 ITA Interpretation
FACTS OF THE CASEA batch of Income Tax Appeals was filed by the Revenue
(CIT) against various companies including Jindal Exports Ltd., Nestle India
Ltd., Nokia India Ltd., Cadence Design Systems (India) Pvt. Ltd....
Commissioner of Income Tax vs Sage Metals Limited | Delhi High Court Holds MAT Credit u/s 115JAA Must Be Set Off Before Charging Interest u/s 234B & 234C
Facts of the CaseSeveral assessees, including Sage Metals Limited,
had accumulated MAT credit under Section 115JAA arising from taxes paid under
Section 115JA in earlier years.During assessment proceedings, the Revenue...
The Commissioner of Income Tax-V v. NIS Sparta Limited, decided by the Delhi High Court on 06.02.2009, the following professional case-law blog format may be used. The judgment formed part of a batch of appeals concerning the adjustment of MAT Credit under Section 115JAA while computing interest under Sections 234B and 234C of the Income-tax Act, 1961.
Facts of the Case:
The assessees had accumulated MAT Credit under Section 115JAA arising from
payment of Minimum Alternate Tax under Section 115JA in earlier years. While
determining tax liability for subsequent asses...
Commissioner of Income Tax-V vs Nokia India Limited (Delhi High Court) – MAT Credit u/s 115JAA to be Set Off Before Levy of Interest u/s 234B & 234C; Rectification u/s 154 Not Permissible on Debatable Issue [ITA No. 914/2007]
Facts of the Case
The Revenue challenged orders of the Income Tax Appellate Tribunal
which had held that MAT credit available under Section 115JAA should be
adjusted before computing interest under Sections...
The judgment relates to a batch of appeals, and for ITA No. 969/2007, the proper case title is Commissioner of Income Tax-II v. Mitsubishi Corporation India (P) Ltd.
Facts of the CaseThe controversy before the Delhi
High Court arose from a batch of income tax appeals involving the
interpretation of the provisions relating to Minimum Alternate Tax (MAT) credit
under Section 115JAA ...