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Commissioner of Income Tax vs Select Infrastructure Pvt. Ltd. (Delhi High Court) – Income Classification under Business Income vs House Property
Facts of the
CaseThe present case involves appeals filed by the
Commissioner of Income Tax against Select Infrastructure Pvt. Ltd. regarding
the classification of income derived by the assessee. The core dispute arose...
Commissioner of Income Tax vs Gopal Das Estates & Housing Pvt. Ltd. (2019) – Compensation to Buyers Allowed as Revenue Expenditure u/s 37(1), Rental Income from Stock-in-Trade Taxable as House Property Income
Facts of the CaseThe assessee company was engaged in construction and sale of
commercial spaces and followed the Completed Contract Method (CCM) of
accounting. It developed a commercial building (Gopal Das Bhawan...
PR. Commissioner of Income Tax-5 vs Jubilant Energy NELP-V Pvt. Ltd. (Delhi High Court, 2018) – Deductibility of Interest under Section 57 & Business Set-Up Doctrine
Facts of the
CaseThe present appeal was filed by the Revenue under
Section 260A of the Income Tax Act, 1961 for Assessment Year 2011–12 against
the order of the Income Tax Appellate Tribunal.The respondent-assessee,...
Commissioner of Income Tax vs Gopal Das Estates & Housing Pvt. Ltd. | Section 260A – Allowability of Compensation as Revenue Expenditure & Treatment of Rental Income
Facts of the CaseThe assessee, engaged in construction and sale of commercial
properties, developed a multi-storey commercial complex and followed the Completed
Contract Method (CCM) for accounting. Due to a chan...
PR. Commissioner of Income Tax vs M/s Sahara India Life Insurance Company Ltd (Delhi High Court, 2019) – Section 44, Reassessment u/s 147 & Penalty u/s 271(1)(c) Explained
Facts of the CaseThe Respondent/Assessee, a life insurance company, filed returns
for multiple assessment years which were initially assessed under normal
provisions of the Income Tax Act. Subsequently, reassessment pr...
Commissioner of Income Tax vs Gopal Das Estates & Housing Pvt. Ltd. (2019) Delhi High Court – Compensation Paid to Flat Buyers Held Revenue Expenditure | Rental Income from Stock-in-Trade Taxable as House Property Income | Sections 260A, 154 Income Tax Act
Facts of the Case
The
assessee company was engaged in construction and sale of commercial
space and followed the Completed Contract Method (CCM).
It
developed a commercial building “Gopal D...
PR. Commissioner of Income Tax vs. M/s Sahara India Life Insurance Company Ltd. (Delhi High Court) – Section 44, Reassessment & Penalty u/s 271(1)(c)
Facts of the CaseAs per the judgment , multiple appeals were filed by the
Revenue against a common order of the Income Tax Appellate Tribunal (ITAT)
concerning different assessment years (AY 2004–05, 2005–06, 2008â...
Commissioner of Income Tax (International Taxation)-2 vs ZTE Corporation (Delhi High Court) – Software Payments Not Royalty under DTAA & Section 9(1)(vi) | Appeals Dismissed
Facts of the CaseThe present matter concerns appeals filed by the Revenue
against the orders of the Income Tax Appellate Tribunal for Assessment Years
2013–14 and 2015–16. The dispute revolved around the taxability...
PR. Commissioner of Income Tax vs M/s Sahara India Life Insurance Company Ltd (Delhi High Court) – Section 44 Computation, Reassessment u/s 147 & Penalty u/s 271(1)(c)
Facts of the CaseThe present case involves multiple appeals filed by the
Revenue against a common order of the Income Tax Appellate Tribunal (ITAT)
concerning different Assessment Years (AYs), including AY 2004-05, 200...
RDS Project Limited vs Assistant Commissioner of Income Tax, New Delhi & Anr. (Delhi High Court, 2019) – Reopening of Assessment u/s 147/148 on Basis of Accommodation Entries
Facts of the Case
The
Petitioner, RDS Project Limited, engaged in civil construction,
filed its return for AY 2012–13 declaring income of ₹16.68 crore.
Assessment
was completed under Section 14...