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The Motor & General Finance Ltd. vs Commissioner of Income Tax-VI, New Delhi | No Interest on Interest Where Statutory Refund Interest is Paid Along with Tax Refund under Section 243 of the Income Tax Act, 1961 | Delhi High Court
Facts of the
CaseThe assessees had originally filed their income-tax
returns and paid taxes through TDS and advance tax. Upon processing of the
returns under Section 143(1)(a), excess tax paid was refunded together wi...
Commissioner of Income Tax v. Assessee (ITA No. 75/2008) – Delhi High Court Dismisses Revenue Appeal Due to Low Tax Effect Below Prescribed Monetary Limit
Facts of the Case
The
Revenue preferred an appeal before the Delhi High Court under the
provisions of the Income-tax Act, 1961.
During
the hearing, it was noted that the tax effect involved in...
Commissioner of Income Tax (LTU) vs. Sharda Motor Industrial Ltd. – Additional Depreciation Claim Through Revised Return and Tax Treatment of Running Royalty as Revenue Expenditure under Sections 32(1)(iia) and 37(1) of the Income-tax Act, 1961
Facts of the CaseThe assessee, Sharda Motor Industrial Ltd., filed
its income-tax return on 27.11.2003 declaring income under the MAT provisions.
Subsequently, within the permissible period, it filed a revised return o...
Commissioner of Income-Tax-V vs. Ramsons Organics Limited: Section 10B Deduction Allowed for Marble, Granite and Stone Processing as Manufacturing Activity
Facts of the Case
Assessee's
Business: The Assessee is engaged in running a
100% Export Oriented Unit (EOU) at Dhoka, Gurgaon, dealing in the business
of processing stone, marble, granite, etc., and e...
Reinterpreting Capital vs. Revenue Expenditure: A Comprehensive Analysis of the Delhi High Court’s Landmark Judgment in CIT vs. Selan Exploration Technology Ltd.
Facts of the CaseThe respondent (hereinafter referred to as the
"assessee") is a limited company engaged in business activities
concerning crude oil production across three oil fields (Bakrol, Indora, and
Lohar) with ...
Commissioner of Income Tax vs. Assessee (ITA No. 225/2007) | Delhi High Court – Interest Income from Fixed Deposits Not Eligible for Section 80HHC Deduction; Bank Charges Cannot Be Reduced from Export Turnover
Facts of the
Case
The assessee claimed deduction under Section 80HHC in respect of
interest income amounting to Rs. 53,32,448 earned from fixed deposits with
banks and companies.
The assessee also incurr...
Commissioner of Income Tax-III vs. Senior India Private Limited: Revenue vs. Capital Expenditure on Trademark Licence Fees and Technical Know-How Royalty under Sections 32(1)(ii) and 260A of the Income-Tax Act
Facts of the CaseThe Respondent-Assessee ($M/s$ Senior India
Private Limited) is an Indian company engaged in the manufacturing of flexible
metal hoses and assemblies. Incorporated on October 1, 1996, the company
shor...
Commissioner of Income Tax, Delhi-II vs. KSA Technopak (India) Pvt. Ltd. Section 80-O Deduction – Only Common Expenses Can Be Apportioned Between Domestic and Foreign Earnings; Exclusively Domestic Expenses Cannot Be Allocated to Foreign Receipts
Facts of the
Case
The assessee earned consultancy income from both domestic and
foreign clients.
Foreign consultancy receipts amounted to ₹1,11,63,213.
Deduction under Section 80-O amounting to ₹48,28,47...
Commissioner of Income Tax, New Delhi vs. Singapore Airlines Ltd. (and connected appeals: KLM Royal Dutch Airlines, Pakistan International Airlines Corp., Kuwait Airways Corporation, Air France, Thai Airways International Public Co. Ltd., British Airways PLC, M/S Air India Ltd., Lufthansa German Airlines, Belair Travels & Cargo P. Ltd., United Airlines)
Facts of the Case
The
Revenue preferred a batch of appeals against various international and
domestic airline assessees operating in India.
The
core operational model involved the airlines supplyin...
Commissioner of Income Tax vs. Pawan Gupta: Delhi High Court Judgment on Mandate of Section 143(2) Notice Within Chapter XIV-B Block Assessment Under Section 158BC of the Income Tax Act, 1961 — Determination of Jurisdictional Pre-requisite versus Procedural Irregularity in Search and Seizure Cases
Facts of the Case
Context
of Proceedings: The matter arose from a batch of appeals
led by CIT v. Pawan Gupta (ITA No. 200/2008), involving multiple
assessees belonging to the same business group.
S...