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Principal Commissioner of Income Tax-Central-3 vs Green Valley Housing & Land Development Pvt. Ltd. & Decent Financial Services Pvt. Ltd. | Delhi High Court | ITA 471/2018 & ITA 474/2018 | Low Tax Effect Appeal Dismissed
Facts of the
CaseThe Revenue (Principal Commissioner of Income Tax)
filed appeals before the Delhi High Court against the respective respondents.
During the hearing, counsel for the Revenue submitted that the tax effe...
Samsung Electronics Co. Ltd. vs Deputy Commissioner of Income Tax (International Taxation) | Delhi High Court | Section 147/148 & 260A Income Tax Act | Reopening of Assessment on Non-Disclosure of Royalty & FTS Income
Facts of the
CaseThe appellant, Samsung Electronics Co. Ltd.,
a non-resident company based in South Korea, filed an appeal under Section 260A
challenging the validity of reassessment proceedings initiated under ...
PR. Commissioner of Income Tax–3 vs Escorts Ltd. (2018) – Prior Period Expenditure Allowability under Section 260A of Income Tax Act
Facts of the
Case
The appeal was filed by the Revenue under Section 260A against the
ITAT order.
The dispute pertains to Assessment Year 2005–06.
The Assessing Officer disallowed ₹7.75 crore clai...
Commissioner of Income Tax vs. M/s Techno Exports (Delhi High Court) – Deduction under Section 80HHE on Delayed Export Receipts Due to Political Circumstances
Facts of the
CaseThe assessee, M/s Techno Exports, claimed deduction
under Section 80HHE in respect of export proceeds received during Assessment
Year 1996–97. However, such export proceeds pertained to earlie...
Principal Commissioner of Income Tax (Central), Gurgaon vs M/s Nector Lifescience Ltd. & Commissioner of Income Tax (Exemption) vs Indian National Theatre Trust (Delhi High Court, 2018) – Appeal Dismissed Due to Low Tax Effect under CBDT Circular No. 3/2018
Facts of the CaseThe Revenue filed appeals before the Delhi High Court against
the respective respondents. During the hearing, counsel for the Revenue
submitted that the tax effect involved in both appeals was le...
PR. Commissioner of Income Tax vs Montage Enterprises Pvt. Ltd. (2018) – Delhi High Court | Section 80-IB Deduction on Royalty & Reallocation of Expenses
Facts of the CaseThe respondent-assessee, Montage Enterprises Pvt. Ltd.,
engaged in manufacturing flexible packaging materials, operated three
units—Jammu, Malanpur, and Noida. The Jammu unit was eligible for d...
PR. Commissioner of Income Tax vs Montage Enterprises Pvt. Ltd. (Delhi High Court) – Section 80-IB Deduction on Royalty Allocation & Reassessment under Section 153A
Facts of the CaseThe present case involves appeals filed by the Revenue under
Section 260A of the Income Tax Act, 1961 against the order of the Income Tax
Appellate Tribunal concerning Assessment Years 2005–06 ...
R.T. Industries & Ors. vs Income Tax Settlement Commission & Anr. (2018) Delhi High Court
Facts of the Case
Petitioners
were engaged in business activities including mustard oil production and
property brokerage.
A search
and seizure operation under Section 132 was conducted on 10...
PR. Commissioner of Income Tax vs Montage Enterprises Pvt. Ltd. | Section 80-IB Deduction on Royalty & Reallocation of Expenses | Delhi High Court Judgment (2018)
Facts of the CaseThe present case concerns appeals filed by the Revenue under
Section 260A of the Income Tax Act, 1961 against the order of the Income
Tax Appellate Tribunal (ITAT) for Assessment Years 2005-06 and 2006...
Commissioner of Income Tax, Delhi vs. Bharat Hotels Ltd. (2018) – Deemed Dividend u/s 2(22)(e), PF/ESI Deduction u/s 43B & Revenue vs Capital Expenditure Clarified
Facts of the CaseThe Assessing Officer (AO) made three major additions:
₹1.2
crores treated as deemed dividend under Section 2(22)(e).
Disallowance
of PF and ESI contributions for delayed deposits.
...