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M/s Qualcomm Incorporated vs Assistant Director of Income Tax | Delhi High Court | Income Tax Appeals Withdrawn | ITA Nos. 500–504/2013
Facts
of the CaseThe
appellant, M/s Qualcomm Incorporated, filed multiple income tax appeals
before the Delhi High Court challenging the orders passed by the tax
authorities. The appeals were registered under ITA Nos...
Commissioner of Income Tax vs. Sudhir Dhingra & Renu Verma (Delhi High Court) – Validity of Notice under Section 158BD and Reasonable Time for Issuance in Block Assessment Proceedings
Facts of the CaseA search under Section 132 of the Income Tax Act was conducted on
the business premises of M/s Friends Portfolio Pvt. Ltd. and the residential
premises of its Director, Shri Manoj Aggarwal. During the ...
Commissioner of Income Tax vs. Sudhir Dhingra & Renu Verma (Delhi High Court) – Validity of Notice under Section 158BD and Reasonable Time for Issuance in Block Assessment Proceedings
Facts of the CaseA search under Section 132 of the Income Tax Act was conducted on
the business premises of M/s Friends Portfolio Pvt. Ltd. and the residential
premises of its Director, Shri Manoj Aggarwal. During the ...
Commissioner of Income Tax vs Yum Restaurants India Pvt. Ltd. | Delhi High Court | Bogus Share Loss Claims & Sham Transactions under Income Tax Act
Facts of the CaseThe assessee, Yum Restaurants India Pvt. Ltd., claimed
substantial business losses arising from purchase, sale, and valuation of
shares of several companies. The Assessing Officer (AO) examined the
ge...
Commissioner of Income Tax vs. Yum Restaurants India Pvt. Ltd. | Delhi High Court | Section 37(1), Section 28, Section 56 & Depreciation Issues under Income Tax Act
Facts of the CaseThe assessee, Yum Restaurants India Pvt. Ltd., was engaged in
operating and developing Pizza Hut and KFC restaurant businesses in India
through franchise arrangements. It entered into technology licenc...
Commissioner of Income Tax-I vs. Bougainvillea Multiplex Entertainment Centre Pvt. Ltd. – Delhi High Court on Entertainment Tax Subsidy as Capital Receipt under the Income Tax Act
Facts of the CaseThe assessee company was engaged in operating
multiplex cinema halls and shopping malls under the name "Spice
World" at Noida, Uttar Pradesh.The Uttar Pradesh Government introduced a scheme
encouragin...
Taxability of Entertainment Tax Subsidy Received by Multiplex Operator - Capital Receipt or Revenue Receipt? | Section 143(3) & Section 260A of Income Tax Act, 1961
Facts of the CaseThe assessee, Bougainvillea Multiplex Entertainment Centre Pvt.
Ltd., was engaged in operating multiplex cinema halls and shopping malls under
the name “Spice World” in Noida, Uttar Pradesh.The ass...
Commissioner of Income Tax-I vs Bougainvillea Multiplex Entertainment Centre Pvt. Ltd. (Delhi High Court) – Disposal of Connected Income Tax Appeals Following Earlier Decided Lead Matter under the Income Tax Act, 1961
Facts of the CaseThe Revenue preferred three connected appeals
before the Delhi High Court against the assessee, Bougainvillea Multiplex
Entertainment Centre Pvt. Ltd. The Court noted that the controversy involved in
...
Sanjeev Mittal vs Commissioner of Income Tax (Delhi High Court) – Taxability of Share Sale Transactions as Capital Gains or Business Income under the Income Tax Act, 1961 (Sections 45 & 28)
Facts of the CaseThe assessee, a medical practitioner, declared
professional income of ₹1,39,097/- and reported gains of ₹1,97,17,460/- from
sale of shares. The Assessing Officer observed that the professional rece...
Commissioner of Income Tax-IV vs Hero Honda Motors Ltd. | Royalty Payment for Technical Know-how – Capital or Revenue Expenditure | Section 37(1), Section 263 & Section 260A Income-tax Act
Facts of the CaseThe assessee, Hero Honda Motors Limited (now Hero MotoCorp), was
engaged in manufacturing and sale of motorcycles under technical collaboration
with Honda Motor Company, Japan. Under the licence and te...