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Sidwal Refrigeration Industries Ltd. vs. Deputy Commissioner of Income Tax [With Connected Matter: CIT vs. Nestor Pharmaceuticals Ltd.] | Interpretation of 'Initial Assessment Year' under Section 80-IA / 80-IB of the Income Tax Act, 1961 — Whether Commencing Trial Production with Isolated or Incidental Sales Forms the Basis for Manufacturing Commencement Versus Full-Scale Commercial Production
Facts of the Case
The
Appellant Assessee, Sidwal Refrigeration Industries Ltd., set up an
industrial undertaking and claimed tax deduction benefits under Section
80-IA/80-IB of the Income Tax Act, 196...
COMMISSIONER OF INCOME TAX - III vs. SONA KOYO STEERING SYSTEMS LIMITED
Facts of the Case·
The assessee operated two independent
manufacturing units: a steering unit and an axle unit. ·
Durin...
Income Tax Department vs Assessee (ITA No. 1281/2009) – Delhi High Court Dismisses Appeal Due to Tax Effect Below ₹4 Lakh | Section 260A of the Income-tax Act, 1961
Facts of the CaseThe matter came before the Delhi High Court in an Income Tax
Appeal filed under Section 260A of the Income-tax Act, 1961. During the
hearing, it was brought to the notice of the Court that the tax effe...
Sidwal Refrigeration Industries Ltd. v. Deputy Commissioner of Income Tax, Circle-8(1) | Appeal under Section 260A of the Income Tax Act, 1961 regarding the computation of deductions and assessment of business income.
Facts of the Case
The
Appellant, Sidwal Refrigeration Industries Ltd., preferred an appeal
before the High Court of Delhi against the order of the Income Tax
Appellate Tribunal.
The
appeal, r...
Sanatan Dharam Education Trust, New Delhi v. Director General of Income Tax, Delhi | Section 10(23C)(vi) of the Income Tax Act, 1961 – Exemption to Educational Institutions Existing Solely for Educational Purposes | Delhi High Court
Facts of the CaseThe petitioner, Sanatan Dharam Education Trust, New Delhi,
challenged the order dated 25.03.2008 passed by the Director General of Income
Tax (Exemptions), Delhi, whereby the petitioner's application s...
Smt. Urmila Gambhir (LH of Late Shri Subhash Gambhir) vs. Commissioner of Income Tax: High Court of Delhi on the Inadmissibility of Loose Sheets/Dumb Documents Without Correlative Evidence under Section 158BC and Evaluation of Unexplained Jewellery Additions under Section 158BB(b) of the Income Tax Act
Facts of the Case
The
late Shri Subhash Gambhir (the original assessee, represented by his legal
heir, Smt. Urmila Gambhir) was a Promoter Director of M/s. D.D. Industrial
Corporation Limited.
On
...
Commissioner of Income Tax v. Assessee | Section 68 of the Income Tax Act, 1961 – Whether Cash Withdrawn from Bank and Subsequently Redeployed Can Be Treated as Unexplained Cash Credit | Delhi High Court | ITA No. 1305/2009 | 2009:DHC:8884-DB
Facts of the CaseThe Assessing Officer made an addition of ₹60,00,000 under
Section 68 of the Income Tax Act on the ground that the amount represented
unexplained cash.The assessee explained that the amount had been ...
COMMISSIONER OF INCOME TAX - III VS. SONA KOYO STEERING SYSTEMS LIMITED: Computation of Deduction Under Section 80-I
Facts of the Case·
The assessee maintained two distinct
units, specifically a steering unit and an axle unit. ·
During ...
Commissioner of Income Tax Vs. M/s Eicher Ltd.: Delhi High Court Judgement on Deletion of Accrued Interest Income under Section 260A of Income Tax Act, 1961 – Application of Real Income Theory and Commercial Expediency in Sticky Inter-Corporate Deposits and Non-Recovery Settlements
Facts of the Case
The
Parties & Assessment: The Appellant
(Revenue/Commissioner of Income Tax) filed an appeal against the
Respondent-Assessee (M/s Eicher Ltd.) pertaining to the Assessment Year
...
Appellant v. Respondent | Income Tax Appeal Dismissed as Withdrawn After Allowance of Rectification Application Under Section 154(2) of the Income Tax Act, 1961 | Delhi High Court | ITA No. 1306/2009 | 2009:DHC:8894-DB
Facts of the CaseThe appellant had filed an appeal before the Delhi High Court
challenging an order arising under the Income Tax Act.During the pendency of the appeal, the appellant filed an
application under Section 1...