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Commissioner of Income Tax vs Assessee Company – Deduction of Cyclone Loss Allowed Despite Lower Insurance Claim | Delhi High Court
Facts of the
CaseThe appeal related to Assessment Year 1999-2000.
The assessee claimed deduction for losses suffered due to destruction of goods
in the cyclone that hit Kandla Port, where its stock was stored. The ass...
Commissioner of Income Tax-XII v. Harbir Singh [2011] 2011:DHC:324-DB (Delhi High Court)
Facts of the
CaseThe assessee was engaged in the business of
manufacturing silicon carbide waterproof paper.During a survey conducted under Section 133A of the
Income-tax Act, the assessee surrendered certain amounts ...
Commissioner of Income Tax-III vs Whirlpool of India Ltd. (Earlier Known as Kelvinator of India Ltd.) | Delhi High Court Dismisses Revenue Appeal Following Dismissal of Connected Appeal | ITA No. 46/2004
Facts
of the Case1.
The
Revenue filed the present appeal being ITA No. 46/2004 before the Delhi High
Court.2.
The
appeal arose from and was connected with...
Commissioner of Income Tax, Delhi-II vs. Kelvinator of India Ltd. | Scope of Revision under Section 263 when Two Views are Possible
Facts of the
Case
The assessee, M/s Kelvinator of India Ltd., filed its return of
income for Assessment Year 1989-90.
The Assessing Officer completed the assessment on 26.03.1992 and
allowed deduction un...
Commissioner of Income Tax vs Orient Ceramics & Industries Ltd. | Depreciation on Customs Duty, Glow Sign Board Expenditure & UPS Depreciation Allowed | Delhi High Court
Facts
of the CaseThe assessee company had
imported machinery under a duty exemption certificate issued by the Ministry of
Finance. Subsequently, the Customs Department disputed the exemption and issued
a show cause n...
Commissioner of Income Tax vs Whirlpool of India Ltd. | Delhi High Court | Warranty Provision Deduction and Royalty Disallowance under Sections 37 and 40(a)(i) of the Income-tax Act
Facts of the
CaseFor Assessment Year 1996-97, Whirlpool of India
Ltd. filed its return declaring a loss of ₹48.71 crores. During assessment
proceedings under Section 143(3) of the Income-tax Act, 1961, the Assessing...
Tractebel Industry Engineering vs Assistant Director of Income Tax, International Taxation Circle 2(2) | Delhi High Court
Facts of the
CaseThe petitioner, Tractebel Industry Engineering, a
company incorporated in Belgium, filed its return of income for Assessment Year
2002-03 declaring income from its Indian operations. During the origin...
Commissioner of Income Tax vs Oswal Chemical & Fertilisers Ltd. | Depreciation on Alleged Bogus Machinery Purchase Cannot Be Disallowed When Physical Existence and Installation of Machinery Are Established | Delhi High Court
Facts
of the CaseThe assessee, Oswal Chemical &
Fertilisers Ltd., engaged in the business of manufacturing fertilisers, filed
its return for Assessment Year 1996-97 declaring a loss. The assessee had shown
purcha...
Director General of Income Tax (Administration) & Anr. vs Board for Industrial & Financial Reconstruction (BIFR), New Delhi & Ors.
Facts of the CaseThe Director General of Income Tax (Administration)
and another approached the Delhi High Court by way of a writ petition against
the Board for Industrial & Financial Reconstruction (BIFR), New Del...
Director General of Income Tax (Admn.) & Anr. vs Board for Industrial & Financial Reconstruction & Ors.: Delhi High Court Judgment on SICA Section 18 & 32 Compliance
Facts of the
CaseThe Income Tax Department challenged multiple
orders of the Board for Industrial & Financial Reconstruction (BIFR)
discharging sick industrial companies from references under SICA, arguing that
p...