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Commissioner of Income Tax vs. Sudhatha Mercantile Ltd. | Delhi High Court | Agricultural Income from Ornamental Plants Held Exempt from Tax under the Income-tax Act, 1961
Facts of the CaseThe assessee, M/s Sudhatha Mercantile Ltd., was
engaged in the cultivation, production and sale of ornamental plants and other
vegetative plants. The company owned approximately 126.6 acres of agricult...
Commissioner of Income Tax vs. M/s Mohan Meakin Ltd. | Allowability of Puja, Havan & Kirtan Expenses as Business Expenditure under Section 37(1) of the Income-tax Act, 1961
Facts of the Case
The
assessee, M/s Mohan Meakin Ltd., incurred expenditure on Puja, Havan,
Kirtan and similar activities as a welfare measure for its employees and
staff members at its various units ...
Ajeeta Kaur Saluja vs. Commissioner of Income Tax: Invocation of Section 69A on Bogus Gifts and Shift of Onus of Proof under Income Tax Act
Facts
of the Case·
During
the assessment proceedings for the Assessment Year (AY) 2000-01, the Assessing
Officer (AO) discovered three receipts aggregating to $Rs. 7,5...
Commissioner of Income Tax v. Assessee – Eligibility of DEPB Benefits for Deduction under Section 80-IB of the Income Tax Act, 1961 | Delhi High Court
Facts of the Case
The
assessee claimed deduction under Section 80-IB on profits represented by
DEPB benefits.
The
Assessing Officer held that DEPB receipts were not eligible for deduction
unde...
Commissioner of Income Tax vs. Assessee – Allowability of Export Commission Deduction under the Income-tax Act | Delhi High Court | ITA No. 441/2009
Facts of the CaseThe assessee claimed deduction of export commission
amounting to Rs. 2,91,11,445/- under the provisions of the Income-tax
Act.The Assessing Officer (AO) disallowed the
deduction claimed by the assesse...
Commissioner of Income Tax vs. Mohan Meakin Ltd. | Allowability of Puja, Hawan and Kirtan Expenses as Business Expenditure under Section 37(1) of the Income Tax Act, 1961
Facts of the CaseM/s Mohan Meakin Ltd. operated manufacturing units
at several locations including Solan, Ghaziabad, Lucknow, Gram and Kasauli. The
company incurred expenditure on puja, hawan, kirtan and related activi...
Commissioner of Income Tax vs. M/s Mohan Meakin Ltd. – Allowability of Puja, Havan and Kirtan Expenses as Business Expenditure under Section 37(1) of the Income-tax Act, 1961 | Delhi High Court
Facts of the CaseThe assessee, M/s Mohan Meakin Ltd., had been
incurring expenditure on Puja, Havan, Kirtan and similar activities as a
welfare measure for its employees and staff members across its various units
loca...
Commissioner of Income Tax vs Bharat Aluminium Company Ltd. (BALCO) – Revenue Expenditure on Shared Infrastructure, Depreciation on Block Assets, Additional Grounds Before ITAT, Leave Encashment and Deferred Revenue Expenditure under Section 32 of Income Tax Act, 1961
Facts of the CaseBharat Aluminium Company Ltd. (BALCO), a
Government sector undertaking, had entered into an arrangement with National
Thermal Power Corporation (NTPC) at Korba for sharing common infrastructure
facili...
Delhi High Court Allows Deduction of Sales Promotion Gifts Under Section 37(1: CIT vs. M/s C.B. K.R. Enterprises and the Principle of Commercial Expediency)
Facts
of the CaseThe respondent-assessee is a
partnership firm engaged in the business of trading. Its primary business
activity involves acting as a commission agent for M/s Marico Industries Ltd.,
who are the manuf...
Commissioner of Income Tax v. M/s Mohan Meakin Ltd. | Allowability of Puja, Hawan and Kirtan Expenses as Business Expenditure under Section 37(1) of the Income-tax Act, 1961
Facts of the CaseM/s Mohan Meakin Ltd. had manufacturing units
located at Solan, Ghaziabad, Lucknow, Gram and Kasauli, along with various
sub-units. The company incurred expenditure on Puja, Hawan, Kirtan and related
...