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M/s High Polymer Labs Ltd. vs. Commissioner of Income Tax: Netting of Interest Income and Business Asset Receipts under Section 80HHC of the Income Tax Act
Facts of the Case
The
respondent-assessee, M/s High Polymer Labs Ltd., is a company actively
engaged in export operations.
For
the Assessment Year (AY) 1996-97, the assessee claimed tax deductions
...
Commissioner of Income Tax vs Promain Ltd. – Validity of Search Warrant under Section 132 and Scope of Block Assessment under Sections 158BC & 158BD of the Income Tax Act, 1961 | Delhi High Court
Facts of the
CaseA search and seizure operation under Section 132 of
the Income Tax Act, 1961 was conducted on 21.11.1996 in relation to the
Hindustan Development Corporation (HDC) Group. Pursuant to the said search, ...
Commissioner of Income Tax vs. Career Launcher India Ltd.: Delhi High Court Judgment on Franchisee Fee Sharing under Section 194C and Corporate Tax Deductions
Facts of the Case
Assessee
Profile: The Assessee (Career Launcher India Ltd.)
is a company engaged in providing education and training for competitive
entrance examinations (e.g., IIM, IIT) across Ind...
Emirates Shipping Line, FZE vs. Assistant Director of Income Tax: Validity of Section 147 Reassessment on Non-Resident Shipping Profits Eligible for Article 8 Indo-UAE DTAA Benefits
Facts of the Case
Profile
of the Petitioner: The petitioner, Emirates Shipping Line,
FZE, is a foreign enterprise incorporated under the laws of the United
Arab Emirates (UAE). It carries on an intern...
Aditya Khanna vs Assistant Commissioner of Income Tax | Reassessment under Sections 147 & 148 of Income Tax Act in Oil-for-Food Programme Matter – Delhi High Court
Facts of the CaseThe petitioner, Aditya Khanna, was a non-resident
individual who had filed his income tax return for Assessment Year 2002-03
declaring only property income and interest income. The return was processed...
Emirates Shipping Line, FZE vs. Assistant Director of Income Tax: Validity of Section 147 Reassessment on Non-Resident Shipping Profits Eligible for Article 8 Indo-UAE DTAA Benefits
Facts of the Case
Profile
of the Petitioner: The petitioner, Emirates Shipping Line,
FZE, is a foreign enterprise incorporated under the laws of the United
Arab Emirates (UAE). It carries on an intern...
Rolls Royce Singapore Pvt. Ltd. vs. Assistant Director of Income Tax – Review on Non-Adjudication of Framed Questions of Law regarding Permanent Establishment and Arm's Length Price under the Income Tax Act
Facts of the Case
A
multitude of cross-appeals filed by both the Assessee (Rolls Royce
Singapore Pvt. Ltd.) and the Revenue Department were initially disposed of
by the High Court of Delhi via a commo...
Director of Income Tax (Exemption) vs National Association of Software and Services Companies (NASSCOM) – Delhi High Court | Section 11(1)(a), Section 28(iii), Section 12A & Section 260A of Income Tax Act | Application of Income Outside India, VDIS Tax Payment & Taxability of Membership Subscription
Facts of the CaseThe respondent-assessee, National Association of
Software and Services Companies (NASSCOM), was a trust registered under Section
12A of the Income Tax Act. The Revenue filed multiple appeals before the...
Director of Income Tax Versus Shin Satellite Public Company Limited: Leviability of Section 234A Interest and Section 154 Rectification in the Absence of a Primary Taxable Royalty Event under Section 9(1)(vi) of the Income Tax Act
Facts of the Case
The
Dispute: The revenue appeals arose across multiple
Assessment Years regarding the taxability of the income earned by the
Assessee, a foreign satellite company.
Assessee's
...
Commissioner of Income Tax-I vs. M/s Delhi State Industrial & Infrastructure Development Corporation Ltd. – Taxability of Statutory Interest Received on Income Tax Refund under Section 56 read with Section 2(24) of the Income Tax Act, 1961.
Facts of the Case
The
Respondent (Assessee), an undertaking of the Government of NCT of Delhi,
received certain grants which were initially brought to tax by the
Revenue, and the Assessee was directed...