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MSD Pharmaceuticals Pvt. Ltd. vs Additional Commissioner of Income Tax & Pr. Commissioner of Income Tax | AMP Expenditure Transfer Pricing Adjustment under Section 92C & Section 260A of the Income Tax Act
Facts of the
CaseMSD Pharmaceuticals Pvt. Ltd. and the Revenue both
preferred appeals against the order passed by the Income Tax Appellate Tribunal
(ITAT) for Assessment Year 2010–11. The dispute centered around the...
Principal Commissioner of Income Tax (Central)-1 vs Sahara India Financial Corporation Ltd. | Delhi High Court on Maintainability of Revenue Appeals under Section 260A of the Income Tax Act, 1961
Facts of the CaseThe Revenue filed multiple appeals before the Delhi High Court
under Section 260A against a common order of the Income Tax Appellate Tribunal
dated 13 December 2016. The impugned order had dismissed th...
Pr. Commissioner of Income Tax-6, New Delhi vs MSD Pharmaceuticals Pvt. Ltd. | Delhi High Court on Transfer Pricing Adjustment under AMP Expenditure and Existence of International Transaction | Sections 92, 92B & 92C Income Tax Act
Facts of the
CaseThe Revenue as well as the Assessee preferred cross
appeals before the Delhi High Court challenging the common order passed by the
Income Tax Appellate Tribunal (ITAT) for Assessment Year 2010–11. T...
Commissioner of Income Tax vs ITC Limited | Royalty Paid to Airport Authority for Executive Lounge Held as Rent u/s 194-I – TDS Liability and Penalty u/s 271C | Delhi High Court
Sections
Involved
Section 194-I – TDS on Rent
Section 201(1) – Assessee in Default
Section 201(1A) – Interest on Non-Deduction
of TDS
Section 271C – Penalty for Failure to
Deduct Tax...
Commissioner of Income Tax, Delhi-IV vs Escotrac Finance and Investments Ltd. – Whether Advance Given for Badla Transactions Can Be Claimed as Bad Debt under Section 36(1)(vii) of the Income Tax Act, 1961?
Facts of the
CaseThe assessee, Escotrac Finance and Investments
Ltd., engaged in finance and investment business, filed its return declaring
income of ₹93.38 lakh for AY 1993–94. In its profit and loss account, it...
Principal Commissioner of Income Tax (Central)-1 vs Sahara India Financial Corporation Ltd. | Delhi High Court Dismisses Revenue Appeals as Misconceived Due to Dismissal of Assessee’s Cross-Objections under Section 260A of Income Tax Act, 1961
Facts of the CaseThe Revenue preferred multiple appeals before the Delhi High
Court under Section 260A of the Income Tax Act, 1961 challenging the order
dated 13 December 2016 passed by the Income Tax Appellate Tribuna...
Housing and Urban Development Corporation Ltd. vs Additional Commissioner of Income Tax (Delhi High Court) – Deduction on NPA Interest, Section 43D & Rule 6EB of Income Tax Act vis-à-vis NHB Guidelines
Facts of the
CaseThe appellant, Housing and Urban Development
Corporation Limited (HUDCO), a public sector undertaking engaged in housing
finance and urban infrastructure development, claimed deduction for
de-recogni...
Chintels India Limited vs Deputy Commissioner of Income Tax (Delhi High Court) – Scope of Section 153A, Finality of Assessment under Section 143(2), and Disallowance of Depreciation on Bogus Software Purchase
Facts of the
CaseThe assessee, Chintels India Limited, engaged in
horticulture, agriculture and real estate business, filed its return for AY
2008-09. No notice under Section 143(2) or Section 142(1) was issued within...
Chintels India Limited vs Deputy Commissioner of Income Tax (Delhi High Court) – Scope of Section 153A, Finality of Assessment under Section 143(2), and Disallowance of Depreciation on Bogus Software Purchase
Facts of the
CaseThe assessee, Chintels India Limited, engaged in
horticulture, agriculture and real estate business, filed its return for AY
2008-09. No notice under Section 143(2) or Section 142(1) was issued within...
Commissioner of Income Tax vs I.T.C. Limited Whether Royalty Paid to Airports Authority of India for Operating Executive Lounge Constitutes ‘Rent’ Liable for TDS under Section 194-I of the Income Tax Act, 1961 | Delhi High Court
Facts of the
CaseThe Revenue filed multiple appeals under Section
260A of the Income Tax Act, 1961, challenging the order passed by the Income
Tax Appellate Tribunal (ITAT). The dispute arose out of a License Ag...