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Commissioner of Income Tax (TDS) vs ITC Ltd. & Commissioner of Income Tax (TDS) vs C J International Hotels Ltd. – Whether Tips Collected from Customers and Distributed to Employees Attract TDS under Section 192 of the Income-tax Act, 1961?
Facts of the Case
The
assessees, ITC Ltd. and C J International Hotels Ltd., were engaged in the
business of operating and managing hotels.
A
survey under Section 133A of the Income-tax Act was cond...
Commissioner of Income Tax vs. Harsh Talwar [Delhi High Court] – Mere Surrender of Income Does Not Automatically Attract Penalty under Section 271(1)(c) of the Income Tax Act
Facts of the Case
A
search was conducted at the premises of the assessee on 16 January 2004.
During
verification of stock registers, discrepancies were noticed in the
quantity of carpets and durries...
Commissioner of Income Tax v. Ankitech Pvt. Ltd. & Connected Appeals | Deemed Dividend under Section 2(22)(e) Taxable Only in Hands of Shareholder | Delhi High Court
Facts of the CaseThe assessees were various companies and concerns
which had received loans, advances, or financial accommodations from closely
held companies.In the lead matter, the assessee company had
received adva...
Commissioner of Income Tax vs Tulip Star Hotels Ltd. | Delhi High Court | Sections 36(1)(vii), 36(2) & 35D of the Income-tax Act, 1961
Facts of the CaseThe assessee, Tulip Star Hotels Ltd., was engaged
in the business of a Non-Banking Finance Company and carried on financing and
money-lending activities.Issue
relating to Fairmark
The assessee had p...
Commissioner of Income Tax vs. M/S. Orbital Communication (P) Ltd.: Section 68 Share Application Money Addition Deleted Where Bank Records, Balance Sheets, and Tax Assessments Verified Identity and Creditworthiness
Facts of the CaseThe Revenue preferred an appeal under Section 260A of the
Income Tax Act, 1961, challenging the order dated July 29, 2009, passed by the
Income Tax Appellate Tribunal (ITAT) in ITA No. 14/Del/2007 for ...
Commissioner of Income Tax, Delhi-IV, New Delhi vs. M/s HLS India Ltd. (Now HLS Asia Ltd.) | Delhi High Court
Facts of the
CaseM/s HLS India Ltd. (now HLS Asia Ltd.) was engaged
in providing specialized oilfield services, including wireline logging and
perforation operations for Oil India Limited (OIL) and ONGC. The company u...
Director of Income Tax vs. M/s. Mitsubishi Corporation (and M/s. Jacabs Civil Incorporated): Section 234B Interest Deleted for Non-Resident as Tax was Fully Deductible at Source; Retrospective Levy of Section 234D Interest Rejected
Facts of the CaseThe Revenue preferred a batch of appeals under Section 260A of
the Income Tax Act, 1961, challenging a series of concurrent orders passed by
the Income Tax Appellate Tribunal (ITAT) which deleted inter...
Commissioner of Income Tax (TDS) vs. ITC Ltd. & C.J. International Hotels Ltd. – Whether Hotel Tips Distributed to Employees Constitute Salary Liable for TDS under Section 192 of the Income-tax Act, 1961
Facts of the
CaseThe assessees, ITC Ltd. and C.J. International
Hotels Ltd., were engaged in the business of owning, operating and managing
hotels.During surveys conducted under Section 133A of the
Income-tax Act, it...
Director of Income Tax vs. M/s. Mitsubishi Corporation (and M/s. Jacabs Civil Incorporated): Section 234B Advance Tax Interest Inapplicable to Non-Resident Exceeding Tax Deductible at Source; Section 234D Interest Deletion Upheld
Facts of the CaseThe Revenue preferred a batch of appeals under Section 260A of
the Income Tax Act, 1961, challenging a series of concurrent orders passed by
the Income Tax Appellate Tribunal (ITAT) which deleted inter...
Commissioner of Income Tax vs Ankitech Pvt. Ltd. & Connected Matters | Delhi High Court Clarifies Taxability of Deemed Dividend under Section 2(22)(e) of the Income-tax Act, 1961
Facts of the
Case
The assessee companies received loans and advances from closely
held companies.
Certain individuals held substantial shareholding in both the
lending companies and the recipient concern...