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Commissioner of Income Tax v. [Assessee Company] – Scope of Revision under Section 263 Where Deduction under Section 10B and Software Development Expenditure Involve Debatable Issues | Delhi High Court
Facts of the CaseThe assessee filed its return of income for Assessment Year
2003-04 declaring income of approximately Rs. 11.87 crores. The assessment was
completed after certain additions and the income was assessed ...
Asia Satellite Telecommunications Co. Ltd. vs Director of Income Tax | Delhi High Court on Taxability of Satellite Transponder Charges, Royalty, Business Connection & Section 9(1)(vi) of the Income-tax Act
Facts of the CaseAsia Satellite Telecommunications Co. Ltd., a company incorporated
in Hong Kong, operated communication satellites providing transponder capacity
to television channels and communication companies. The...
Commissioner of Income Tax v. Assessee (Name Not Available in Order) | ITA No. 469/2009 (Delhi High Court) – Revenue Appeal Dismissed Due to Low Tax Effect and Absence of Cascading Impact
Facts of the Case
The
Revenue filed an appeal before the Delhi High Court under the Income-tax
Act.
In
the affidavit filed by the Revenue, the tax effect was stated to be ₹18,69,792.
Cou...
Asia Satellite Telecommunications Co. Ltd. vs Director of Income Tax (Delhi High Court) – Taxability of Satellite Transponder Charges, Royalty, Business Connection and Income Accruing in India under Sections 9(1)(i) & 9(1)(vi) of the Income Tax Act
Facts of the Case
Asia
Satellite Telecommunications Co. Ltd., incorporated in Hong Kong, was
engaged in operating communication and broadcasting satellites.
The
company owned and operated satellite...
Director of Income Tax v. L.S. Cables Ltd. | Offshore Supply Not Taxable in India Where Sale, Title Transfer and Payment Occurred Outside India – Delhi High Court under Section 9(1)(i), Income Tax Act, 1961
Facts of the CaseL.S. Cables Ltd., a company incorporated in Korea, was engaged
in executing various Fibre Optic Cabling Projects for Power Grid Corporation of
India Ltd. (PGCIL). The projects involved separate contrac...
Asia Satellite Telecommunications Co. Ltd. vs Director of Income Tax (Delhi High Court) – Taxability of Satellite Transponder Charges, Royalty, Business Connection and Income Accruing in India under Sections 9(1)(i) & 9(1)(vi) of the Income Tax Act
Facts of the Case
Asia
Satellite Telecommunications Co. Ltd., incorporated in Hong Kong, was
engaged in operating communication and broadcasting satellites.
The
company owned and operated satellite...
Gurinder Mohan Singh Nindrajog v. Commissioner of Income Tax (Delhi High Court) | CIT(A)'s Power to Enhance Assessment, Block Assessment under Sections 132, 158BC & 251 of the Income-tax Act
Facts of the Case
A
search and seizure operation under Section 132 of the Income-tax Act was
conducted on 19 November 1999 at the residential and office premises of
the assessee.
Pursuant
to ...
Director of Income Tax vs. L.S. Cables Ltd. (Delhi High Court) – Offshore Supply Not Taxable in India Where Title Passed Outside India | Section 9(1)(i), India–Korea DTAA
Facts of the Case
L.S.
Cables Ltd., a company incorporated in Korea, was engaged in the
manufacture and supply of power transmission cables and related equipment.
The
company entered into con...
Naraingarh Sugar Mills Ltd. v. Commissioner of Income Tax (Delhi High Court): Deferred Revenue Expenditure on Interest and Foreign Travel Expenses Not Allowable Through Amortization Over Five Years under Section 37(1), Income-tax Act, 1961
Facts of the Case
Naraingarh
Sugar Mills Ltd. was engaged in the business of manufacturing sugar,
molasses, and bagasse.
For
Assessment Year 2003-04, the company filed its return declaring a loss. ...
Asia Satellite Telecommunications Co. Ltd. v. Director of Income Tax (Delhi High Court) – Whether Satellite Transponder Charges Constitute Royalty or Business Income Taxable in India
Facts of the CaseAsia Satellite Telecommunications Co. Ltd., a company
incorporated in Hong Kong, operated communication satellites and provided
transponder capacity to television broadcasters and communication compani...