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Seagram Distilleries Pvt. Ltd. (Now Pernod Ricard India Pvt. Ltd.) vs Commissioner of Income Tax–III, New Delhi | Delhi High Cour Provision for Transit Breakages – Whether Allowable Business Deduction under Section 37(1) of the Income Tax Act, 1961 or Contingent Liability?
Facts of the
CaseThe appellants, Seagram Distilleries Pvt. Ltd.
and Seagram Manufacturing Pvt. Ltd. (subsequently merged into Pernod
Ricard India Pvt. Ltd.), were engaged in the manufacture, blending, bottling,
and s...
Sanjay Ghai vs Assistant Commissioner of Income Tax & Ors.: Liability of Directors under Section 179 of the Income Tax Act, 1961
Facts of the
Case:The petitioner, Sanjay Ghai, an individual
and sole surviving director of M/s Sarvodaya Realtors Pvt. Ltd.,
challenged the orders passed by the first respondent under Sections 179 and
154 of the Inc...
The Commissioner of Income Tax-VI vs Vatika Construction Pvt. Ltd.: Penalty under Section 271(1)(c) and Application of Section 44AD
Facts of the
CaseThe assessee, Vatika Construction Pvt. Ltd.,
engaged in construction business, filed its income tax return for Assessment
Year 2004-05. During assessment, the Assessing Officer (AO) questioned payment...
Director of Income Tax (Exemption) vs All India Personality Enhancement & Cultural Centre for Scholars (AIPECCS Society) | Delhi High Court | Sections 10(22), 10(23C)(vi), 158BC & 158BFA(2) of the Income Tax Act
Facts of the
CaseThe assessee, AIPECCS Society, was a registered
society established for educational purposes and was managing multiple schools.A search and seizure operation under Section 132
was conducted at the pre...
Commissioner of Income Tax vs J.B. Roy – Income Tax Appeals under Sections 143 & 147 of the Income Tax Act
Facts of the
CaseThe Commissioner of Income Tax (Appellant) filed
multiple appeals against J.B. Roy and others (Respondents) relating to
reassessment notices and income tax liability adjustments. The appeals were
con...
Director of Income Tax (Exemption) vs. All India Personality Enhancement & Cultural Centre for Scholars (AIPECCS) Society
Facts of the
CaseThe Assessee, All India Personality Enhancement
& Cultural Centre for Scholars (AIPECCS) Society, was a society
registered under the Societies Registration Act, 1860, established with the
primary...
DLF Commercial Projects Corporation & Anr. vs. Assistant Commissioner of Income Tax & Ors. – Special Audit under Section 142(2A) of Income Tax Act, 1961
Facts of the
CaseThe petitioner, DLF Commercial Projects
Corporation, a partnership firm engaged in real estate development and
sale, filed its income tax return for AY 2009-10 declaring a loss of ₹20.12
crores. Th...
Director of Income Tax (Exemption) vs All India Personality Enhancement & Cultural Centre for Scholars (AIPECCS) Society Section 10(22)
Facts of the
CaseThe assessee, All India Personality Enhancement
& Cultural Centre for Scholars (AIPECCS) Society, is a society registered
under the Societies Registration Act, 1860, engaged in running educational...
National Thermal Power Corpn. Ltd. vs. Commissioner of Income Tax – Depreciation on Capital Construction Equipment under Section 32 of Income Tax Act, 1961
Facts of the
CaseThe petitioner, National Thermal Power
Corporation Ltd., incorporated on 7th November 1975 as a public sector
undertaking, was engaged in the development of thermal power stations,
including construc...
Travelport Global Distribution System BV (Earlier Known as Galileo Nederland) vs Assistant Director of Income Tax, Circle-1(2) & Anr. Delhi High Court | W.P.(C) Nos. 658/2015, 660/2015, 662/2015 & 663/2015 | Decision Date: 08 October 2015
Facts of the
Case
The petitioner was subjected to income tax assessment proceedings
for multiple assessment years.
The Income Tax Appellate Tribunal had passed an order on 29.06.2012
regarding attributi...