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Assessee vs. Commissioner of Income Tax – Delhi High Court Dismisses Income Tax Appeals Holding No Substantial Question of Law Arises | ITA No. 246/2008 & ITA No. 423/2008
Facts of the CaseThe appellants challenged the findings recorded by
the authorities below under the Income-tax Act.The High Court examined the orders passed by the
lower authorities.The Court found that the controversy...
Commissioner of Income Tax v. Assessee (Name Not Available in Uploaded Order) | Delhi High Court | ITA No. 304/2007 | Appeal Dismissed Due to Low Tax Effect
Facts of the CaseThe appeal was filed before the Delhi High Court
in ITA No. 304/2007. During the hearing, counsel appearing for the appellant
did not dispute that the tax effect involved in the matter was less than â‚...
M/s AKS & Associates vs Commissioner of Income Tax & Another | Delay in Determination and Payment of Special Audit Remuneration under Section 142(2D) of the Income-tax Act, 1961 – Delhi
Facts of the CaseThe petitioner was appointed as a Special Auditor
at the instance of the Assessing Officer in December 2006. Upon completion of
the Special Audit, the petitioner submitted the audit report and raised i...
Carlton Overseas Pvt. Ltd. vs. Income Tax Officer & Others | Delhi High Court Assessment Reopening under Sections 147/148 Invalid on Mere Change of Opinion – Delhi High Court
Facts of the CaseThe petitioner, Carlton Overseas Pvt. Ltd., was
engaged in the business of manufacturing and export of footwear. For Assessment
Year 2002-03, the company filed its return of income claiming deductions ...
Commissioner of Income Tax v. Assessee Company – Foreign Exchange Fluctuation Loss and Related Tax Deductions Covered by Earlier Judicial Precedents | Delhi High Court
Facts of the CaseThe Revenue filed Income Tax Appeals No. 161/2009
and 261/2009 before the Delhi High Court challenging the order passed by the
Income Tax Appellate Tribunal. The appeals involved issues relating to the...
Commissioner of Income Tax, Delhi-VI, New Delhi v. Teehdrive (India) Pvt. Ltd. | Section 10B Deduction Cannot Be Denied Merely Because Software Was Developed Using Third-Party Infrastructure Under Assessee’s Control – Delhi High Court
Facts of the CaseThe assessee, Teehdrive (India) Pvt. Ltd., was
registered with the Software Technology Parks of India (STPI) and was engaged
in the export of computer software services. For Assessment Year 2002-03, th...
Commissioner of Income Tax, Delhi-VI vs. Whirlpool of India Ltd. | Business Set Up vs. Commencement of Business under Section 3 of the Income Tax Act, 1961
Facts of the Case
The
assessee company was incorporated on 27.07.1995 as a financial enterprise.
The
first Board Meeting was held on 12.08.1995, wherein directors, executives,
and auditors wer...
Commissioner of Income Tax vs. Yamaha Motor India Pvt. Ltd. – Depreciation on Discarded Machinery Forming Part of Block of Assets under Sections 32, 43(6) and 50 of the Income Tax Act
Facts of the CaseYamaha Motor India Pvt. Ltd. had capitalized
certain assets amounting to Rs. 4,71,51,016. The Written Down Value (WDV) of
these assets at the end of the relevant financial year stood at Rs.
2,32,07,14...
Insurance Claim Received on Loss of Stock Eligible for Deduction under Section 80-IA of the Income Tax Act – The Commissioner of Income Tax-III vs. Sportking India Limited (Delhi High Court)
Facts of the Case
The
assessee, Sportking India Limited, was an industrial undertaking eligible
for deduction under Section 80-IA.
For
Assessment Year 1998-99, assessment was completed under Section...
Commissioner of Income Tax, Delhi-IV, New Delhi vs M/s Dass Trading & Holding (P) Ltd. – Penalty under Section 271(1)(c) for Concealment of Income through Bogus Agricultural Income Claim | Delhi High Court
Facts of the CaseFor Assessment Year 1994-95, the assessee filed
its return declaring income of Rs. 2,790/- after claiming agricultural income
of Rs. 3,76,222/-.Subsequently, the Assessing Officer received a
report fr...