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Commissioner of Income Tax (CIT) vs Jayshree Gems & Jewellery – Section 10A Deduction on Export of Jewellery Manufacturing through Job Work and Allowability of Design & Fabrication Expenses | Delhi High Court
Facts of the
CaseThe assessee was a partnership firm engaged in
manufacturing and export of plated and studded jewellery. The firm came into
existence on 12.08.2000 and obtained a Central Government licence on
18.08....
Commissioner of Income Tax (CIT) vs Jayshree Gems & Jewellery | Section 10A Deduction on Jewellery Manufacturing through Job Work and Export Activities | Delhi High Court
Facts of the
CaseThe assessee was a partnership firm engaged in
manufacturing and exporting plated and studded jewellery and had obtained a
licence from the Central Government on 18.08.2000. The firm claimed deduction...
Commissioner of Income Tax–V vs M/s Quantum Coders Ltd. | Section 10A of Income Tax Act – Eligibility of STPI Units for Deduction Despite Prior Commencement of Software Production | Delhi High Court
Facts of the
Case
The assessee, M/s Quantum Coders Ltd., declared NIL income
for Assessment Year 2007–08 after claiming deduction under Section 10A.
The assessee relied upon an STPI approval certificate issu...
M/s Mahashay Chunnilal Charitable Trust vs Deputy Commissioner of Income Tax & Others | Delhi High Court Quashes Reassessment Based Solely on DVO Report under Sections 147/148 of Income Tax Act
Facts of the
Case
The petitioner was a charitable trust engaged in running hospitals
and educational institutions.
Assessments for AY 2005-06 and AY 2006-07 had already been
completed under Sections 153A...
Director of Income Tax (International Taxation) vs M/s e-Funds IT Solution & e-Funds Corporation – Permanent Establishment under India–USA DTAA, Business Connection and Attribution of Income | Delhi High Court
Facts of the
Case
The assessees were companies incorporated in the United States and
were tax residents of the USA.
The foreign entities had international transactions with e-Funds
International India Pv...
Oswal Agro Mills Ltd. vs Commissioner of Income Tax (Delhi High Court) – Disputed Additional Customs Duty, Contingent Liability and Section 43B Deduction under Income Tax Act, 1961
Facts of the
CaseOswal Agro Mills Ltd. entered into agreements with
certain importers for the purchase of imported Palm Stearine Fatty Acid. Under
the agreements, the assessee agreed to purchase the imported material ...
Commissioner of Income Tax (Central)-II vs. Income Tax Settlement Commission & Anr. – Delhi High Court Clarifies That Immunity under Section 245H Cannot Be Granted Without Full and True Disclosure of Income
Facts of the
CaseA search operation under Section 132 of the Income
Tax Act was conducted on the business premises of the assessee and associated
group entities. During the search, incriminating materials, documents, ...
Ashwani Kumar Goel vs Income Tax Settlement Commission & Others – Scope of Settlement Commission Jurisdiction in Time-Barred Block Assessment Proceedings under Sections 245D, 245F and 158BE of the Income Tax Act
Facts of the
CaseSearch and seizure operations under the Income Tax
Act were conducted on 07.08.1997 at the residential and business premises of
the petitioner, his wife, and other relatives. Multiple documents and ma...
NTPC Ltd. Vs Commissioner of Income Tax-V | Delhi High Court on Section 263 Revision Powers, Provisional Reduction of Sales & Income Recognition under Income Tax Act
Facts of the CaseNTPC Ltd. filed its return of income for Assessment Year
2005–06 declaring total income of approximately Rs.1330.17 crores. The case was
selected for scrutiny and assessment proceedings were conducte...
Commissioner of Income Tax Vs. B.L. Passi – Depreciation on Trucks Given on Hire under Section 32 of the Income Tax Act: Ownership and Actual Business Use Upheld by Delhi High Court
Facts of the Case
The
assessee, B.L. Passi, operated a proprietary concern named M/s Pasco
Automobiles dealing in sale of Maruti cars on commission basis and also
earned income from partnership firms ...