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Alcatel Lucent International vs. Assistant Director of Income Tax & Others [2010] 2010:DHC:2462-DB (Delhi High Court) under Section 143(3) of the Income-tax Act, 1961
Facts of the CaseAlcatel Lucent International filed multiple writ
petitions challenging orders passed by the Assessing Officer while giving
effect to earlier orders of the Income Tax Appellate Tribunal.The disput...
Commissioner of Income Tax vs M/s Escorts Ltd. | Section 263 Revision Cannot Be Invoked Merely on Change of Opinion | Delhi High Court
Facts of the CaseThe assessee, M/s Escorts Ltd., filed its return of
income for Assessment Year 1992-93 and claimed a short-term capital loss of
₹3.15 crore arising from transactions involving purchase and sale of Un...
Commissioner of Income Tax vs. Safetag International India Pvt. Ltd. | Reassessment Proceedings under Sections 147 & 148 – Assessee Cannot Seek Fresh Opportunity Before ITAT After Participating in Reassessment
Facts of the CaseThe assessee, Safetag International India Pvt.
Ltd., was engaged in the export of readymade garments to Russia. Information
was received by the Assessing Officer (AO) from the Directorate of Revenue
I...
Commissioner of Income Tax vs. Denso Haryana Pvt. Ltd. [2010] 2010:DHC:2465-DB (Delhi High Court) Section 263 Cannot Be Invoked to Recompute Book Profit Under Section 115JB Beyond Statutory Adjustments – Audited Profit & Loss Account Is Binding | Delhi High Court
Facts of the CaseDenso Haryana Pvt. Ltd., a wholly owned subsidiary
of Denso Corporation, Japan, was engaged in the business of manufacturing and
trading gasoline engine management systems.For Assessment Year 200...
Commissioner of Income Tax vs. HPS Social Welfare Foundation [2010] 2010:DHC:2456-DB (Delhi High Court) Exemption Under Sections 11 & 12 Cannot Be Denied Without Proving Violation of Section 13 – Charitable Donations to Genuine NGOs Held Valid | Delhi High Court
Facts of the CaseHPS Social Welfare Foundation was established with
charitable objectives including:
Providing
fees, books, equipment and scholarships to needy students;
Assisting
mentally challeng...
Commissioner of Income Tax v. Asian Hotels Ltd. [Delhi High Court] – Exclusion of Money-Changing Receipts from Total Turnover for Deduction under Section 80HHD of the Income Tax Act
Facts of the Case
The respondent-assessee, Asian Hotels Ltd., was engaged in the
hotel business and was eligible for deduction under Section 80HHD of the
Income Tax Act, 1961.
For Assessment Year 1998-99,...
Commissioner of Income Tax, Delhi-V vs. Punj Lloyd Ltd. [2010] 2010:DHC:2487-DB (Delhi High Court) Section 80HHB Deduction Cannot Be Reduced by Ad Hoc Allocation of Head Office Expenses to Foreign Projects Without Evidence – Matter Remanded for Rational Computation | Delhi High Court
Facts of the CaseThe appeal related to Assessment Year 2003-04.Punj Lloyd Ltd. claimed deduction under Section
80HHB in respect of profits earned from foreign projects.During assessment proceedings, the Assessing
...
Commissioner of Income Tax vs. Safetag International India Pvt. Ltd. – Reassessment Proceedings Cannot Be Set Aside Merely Because Assessee Failed to Seek Reasons Recorded Under Section 148 | Delhi High Court
Facts of the
CaseThe appeals related to Assessment Years 1996-97 and
1997-98. The Assessing Officer (AO) reopened the assessments under Sections 147
and 148 read with Section 142(1) of the Income-tax Act, 1961, based ...
Commissioner of Income Tax, Delhi-V vs. Punj Lloyd Ltd. [2010] 2010:DHC:2485-DB (Delhi High Court) Deduction Under Section 80HHB Requires Rational Allocation of Head Office Expenses to Foreign Projects – Ad Hoc Disallowance Not Sustainable | Delhi High Court
Facts of the CaseThe dispute related to Assessment Years 2003-04
and 2004-05.The assessee, Punj Lloyd Ltd., claimed deduction
under Section 80HHB in respect of profits earned from foreign projects.During assessme...
Commissioner of Income Tax vs. CL RAE [2010] 2010:DHC:2491-DB (Delhi High Court) No Rectification Under Section 254(2) for Issues Already Conceded Before Tribunal – Only Apparent Errors Can Be Corrected | Delhi High Court
Facts of the CaseThe respondent assessee, CL RAE, was employed with
G.E.C. Turbine Generators India Ltd. (GECATGL) as an Assistant in Mechanical
Commissioning at its Rihand project site.For Assessment Year 1990-9...