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Sales Tax Subsidy under Maharashtra Package Scheme of Incentives 1993 Held as Capital Receipt – CIT-IV v. Indo Rama Textiles Ltd. | Delhi High Court | ITA 392/2014
Facts of the CaseThe respondent-assessee, M/s Indo Rama Textiles Ltd., received
sales tax subsidy/incentives from the Government of Maharashtra under the
“Dispersal of Industries Package Scheme of Incentives, 1993.â€...
CIT-IV vs Indo Rama Textiles Ltd – Subsidy under State Incentive Scheme Held Capital Receipt Not Taxable as Revenue Income | Delhi High Court | ITA No. 392/2014 | Income-tax Act
Facts of the CaseThe assessee company received subsidy under a State Government
incentive scheme intended to encourage industrial development and investment in
specified areas.During assessment proceedings, the Assessi...
Delhi High Court on ITA 392/2014 – Commissioner of Income Tax-IV vs. Indo Rama Textiles Ltd. and Connected Appeals (Income-tax Appeal)
FACTS OF THE CASEThese appeals arise out of multiple appeals filed by the
Revenue under Section 253 of the Income-tax Act, 1961 challenging orders of the
Income-tax Appellate Tribunal (ITAT) in respect of various asses...
Assessment Order Passed Beyond Time Limit Under Section 153(3) of Income-tax Act Quashed – Delhi High Court in Readers Digest Book & Home Entertainment (India) Pvt. Ltd. v. DCIT
FACTS OF THE CASEThe petitioner, Readers Digest Book and Home Entertainment
(India) Pvt. Ltd., had filed income tax returns for Assessment Year 2011-12
declaring nil income. The return was selected for scrutiny and ref...
Unmarried Woman Not Eligible for Abortion Beyond 20 Weeks Under Rule 3B of MTP Rules: Delhi High Court | X v. Principal Secretary, Health & Family Welfare Dept., GNCTD | Section 3(2) Medical Termination of Pregnancy Act, 1971
Facts of the CaseThe petitioner, a 25-year-old unmarried woman, approached the
Delhi High Court seeking permission for termination of her pregnancy at
approximately 24 weeks. The pregnancy arose from a consensual relat...
TDS on External Development Charges Payable by Real Estate Developers Held Deductible Under Section 194C – Delhi High Court | Puri Constructions Pvt. Ltd. v. ACIT (W.P.(C) 9483/2019)
Facts of the CaseThe petitioner, a real estate developer, was engaged in
development of residential and commercial projects in the State of Haryana. For
the purpose of executing such projects, the developer was require...
Puri Constructions Pvt. Ltd. v. Additional Commissioner of Income Tax & Ors. (2024) – Delhi High Court Holds External Development Charges (EDC) Paid to HSVP Not Subject to TDS under Section 194C of the Income-tax Act, 1961
Facts of the CaseA batch of writ petitions was filed by several real estate
developers challenging proceedings initiated by the Income Tax Department for
alleged failure to deduct Tax Deducted at Source (TDS) on paymen...
Delhi High Court: TDS Liability on External Development Charges Paid to Authority – Applicability of Section 194C of the Income Tax Act | Puri Constructions Pvt. Ltd. v. Additional Commissioner of Income Tax (2024)
Facts of the CaseThe petitioners, including Puri Constructions Private Limited
and other real estate developers, challenged actions initiated by the Income
Tax Department concerning Tax Deducted at Source (TDS) obligat...
Delhi High Court: TDS Liability on External Development Charges Paid to Authority – Applicability of Section 194C of the Income Tax Act | Puri Constructions Pvt. Ltd. v. Additional Commissioner of Income Tax (2024)
Facts of the CaseThe petitioners, including Puri Constructions Private Limited
and other real estate developers, challenged actions initiated by the Income
Tax Department concerning Tax Deducted at Source (TDS) obligat...
Delhi High Court: TDS Applicable on External Development Charges (EDC) Paid by Real Estate Developers – Applicability of Section 194C of the Income Tax Act | Puri Constructions Pvt. Ltd. & Ors. vs. Additional Commissioner of Income Tax & Ors. (2024)
Facts of the CaseThe petitioners, consisting of several real estate developers
including Puri Constructions Pvt. Ltd., Natureville Promoters Pvt. Ltd., RPS
Infrastructure Ltd., Ramprastha Estates Pvt. Ltd., and Omaxe L...