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Commissioner of Income Tax vs M/s. Ganapati Finance Ltd.: Depreciation on Leased Assets under Section 32 of the Income Tax Act, 1961
Facts of the
Case:The appellant, Commissioner of Income Tax (CIT),
challenged the Tribunal’s allowance of depreciation claims by M/s. Ganapati
Finance Ltd. on two categories of leased assets during the assessment ye...
Commissioner of Income Tax vs M/s K.R.B.L. Limited – Deduction under Section 80HHC on DEPB Credit and Sale of Special Import License (SIL)
Facts of the
CaseThe appeals were filed by the Revenue under Section
260A of the Income Tax Act, challenging the entitlement of the assessee, M/s
K.R.B.L. Limited, to deductions under Section 80HHC of the Income Tax A...
Delhi HC in Madugula Venu Vs. DIT: Search Execution Mandatorily Triggers Section 153A Assessment Over Absolute Total Income Irrespective of Immediate Seizure Findings, and Extraordinary Writ Jurisdiction Under Article 226 Cannot Be Used As a Speculative Shield to Stall Legitimate Adjudication Proceedings
Facts of the Case
Assessee
Status: The petitioner is a qualified engineer
residing and employed in the USA, filing his income tax returns in the
status of a non-resident since leaving India in 1991.
...
Commissioner of Income Tax vs M/S K.R.B.L. Limited: Delhi High Court on DEPB Credit & Section 80HHC Deductions
Facts of the CaseThe appeals were filed by the Commissioner of
Income Tax (Appellant) under Section 260A of the Income Tax Act, 1961,
against M/S K.R.B.L. Limited (Respondent) concerning the eligibility for
deduction ...
Commissioner of Income Tax vs M/s K.R.B.L. Limited | ITA No. 207 of 2009 | Delhi High Court
Facts of the
Case:The Commissioner of Income Tax filed an appeal
challenging the assessment and reliefs granted to M/s K.R.B.L. Limited by the
Income Tax Appellate Tribunal. The case involves the interpretation ...
Moser Baer India Limited vs Deputy Commissioner of Income Tax & Ors – Reassessment under Sections 147/148 of Income Tax Act, 1961
Facts of the
Case:
Petitioner Moser Baer India Limited filed income tax return
for AY 2004-05 declaring a loss under normal provisions and book profit
under Section 115JB.
Petitioner had three 100%...
The Institute of Chartered Accountants of India (ICAI) & Anr. vs Director General of Income Tax (Exemptions), Delhi & Ors. – Exemption under Section 10(23C)(iv), Charitable Purpose under Section 2(15), Coaching Activities and Tax Exemption Eligibility
Facts
of the Case
ICAI was constituted under the
Chartered Accountants Act, 1949 as a statutory body for regulating the
profession of Chartered Accountants in India.
ICAI had historically been granted
...
CIT Vs. H.B. Leasing & Finance Ltd.: Claim of Higher Depreciation Under Section 32 of Income Tax Act
Facts of the Case·
The present appeal relates to the
assessment year 1986-87. ·
The assessee is engaged in the business...
Commissioner of Income Tax vs. Maruti Suzuki India Ltd. (ITA Nos. 993/2011 & 1029/2011) – Scope of Income Tax Assessment and Transfer Pricing Interventions
Facts of the CaseThe Commissioner of Income Tax (Appellant) preferred appeals
under the Income Tax Act against Maruti Suzuki India Ltd. (Respondent). The
disputes culminated in Appeals (ITA Nos. 993/2011 and 1029/2011)...
Commissioner of Income Tax vs. Maruti Suzuki India Ltd.: Corporate Tax Assessment and Substantial Questions of Law under Section 260A of the Income Tax Act, 1961
Facts of the CaseThe Income Tax Appeals (ITA Nos. 993/2011 and 1029/2011) were
filed before the High Court of Delhi by the Appellant, the Commissioner of
Income Tax. The proceedings involved substantial questions of la...