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PR. Commissioner of Income Tax, Delhi-10 vs M/s Indian Farm Forestry Development Cooperative Ltd. (Delhi High Court) – Deductibility of Social Welfare Expenditure u/s 37(1)
Facts of the
CaseThe respondent-assessee, M/s Indian Farm Forestry
Development Cooperative Ltd., is a multi-state cooperative society engaged in
social and economic development activities such as forestry projects, wa...
Commissioner of Income Tax (International Taxation)-2 vs. Philip Morris Services India SA (2018) – Delhi High Court | Section 260A Income Tax Act | Transfer Pricing – Exclusion of Comparables
Facts of the CaseThe present appeal was filed by the Revenue under Section
260A of the Income Tax Act, 1961 against the order of the Income Tax
Appellate Tribunal (ITAT) for Assessment Year 2009–10. The respond...
Shashi Garg vs Principal Commissioner of Income Tax (Delhi High Court) – Unexplained Cash Deposits u/s 68 IT Act & Burden of Proof on Assessee [AY 2011-12]
Facts of the
CaseThe appellant-assessee, Shashi Garg, filed an appeal under Section 260A challenging the
order of the Income Tax Appellate Tribunal which upheld additions made by the
Assessing Officer.
The assessee ...
Shri Rajiv Dass vs Deputy Commissioner of Income Tax (Delhi High Court) – Section 54B Exemption Denied on Failure to Prove Agricultural Use of Land
Facts of the CaseThe assessee, Shri Rajiv Dass, sold land situated in Ghaziabad
for ₹6.51 crores, which had been purchased earlier for ₹58.90 lakhs. The
assessee claimed exemption under Section 54B on capital...
Principal Commissioner of Income Tax–3 vs DLF Home Developers Ltd. (2018) – Section 14A Disallowance & Rule 8D Applicability | Delhi High Court
Facts of the CaseThe Revenue filed an appeal under Section 260A against the
order of the Income Tax Appellate Tribunal concerning Assessment Year 2011–12.The case involved two major issues:
Golf
Club Mem...
JC Bamford Excavators Ltd. & Ors. vs Deputy Director of Income Tax & Anr. (Delhi High Court, 2019) – Appeals Withdrawn Pursuant to Settlement under Indo-UK Mutual Assistance Treaty
Facts of the CaseThe Appellants, including JC Bamford Excavators Ltd. and JC
Bamford Investments Ltd., had filed multiple income tax appeals before the
Delhi High Court challenging actions/orders of the Income Tax Depa...
Pr. Commissioner of Income Tax-5 vs Jagson International Ltd (2018) – Delhi High Court | Section 14A & Rule 8D Disallowance | Drilling Rig as Qualifying Ship u/s 115VD
Facts of the
CaseThe present appeals were filed by the Revenue under
Section 260A of the Income Tax Act, 1961 against the common order of the Income
Tax Appellate Tribunal dated 11 May 2018 concerning Assessment Years...
Pr. Commissioner of Income Tax-9 vs Vedanta Limited – Section 14A r/w Rule 8D Not Automatic Without AO Satisfaction (Delhi HC
Facts of the CaseThe respondent-assessee, Vedanta Limited, earned dividend
income of ₹8.97 crores, which was exempt under Section 10(34) of the
Income-tax Act. The assessee voluntarily disallowed ₹9,07,453 un...
The Pr. Commissioner of Income Tax-3 vs M/s Elofic Industries Ltd (Delhi High Court) – Royalty as Revenue Expenditure & Deletion of Unverified Purchases Addition under Sections 147, 148, 133(6), 260A of Income Tax Act
Facts of the CaseThe present appeal was filed by the Revenue under Section
260A of the Income Tax Act, 1961 against the order of the Income Tax
Appellate Tribunal for Assessment Year 2004-05. The assessee had ori...
Granite Gate Properties Pvt. Ltd. vs Principal Commissioner of Income Tax (Delhi High Court) – Penalty u/s 271(1)(c) on Timing of Expense Allowability under PoC Method
Facts of the CaseThe assessee, a real estate developer, was engaged in
construction of housing projects “Lotus Boulevard” and “Lotus Panache.” It
followed the Percentage of Completion Method (PoC Method) ...