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Principal Commissioner of Income Tax (Central)-1 vs Surya Kant Jaipuria & Ors. | Delhi High Court on Unaccounted Share Purchase, Section 132(4) Statement & Unexplained Cash Additions under Income Tax Act
Facts of the
CaseThe Revenue preferred appeals against the common
order passed by the Income Tax Appellate Tribunal (ITAT) for Assessment Year
2011–12. The dispute arose from additions made by the Assessing Officer ...
Principal Commissioner of Income Tax (Central)-1 vs Surya Kant Jaipuria & Ors. | Delhi High Court on Unaccounted Share Purchase Additions, Section 132(4) Statements & Family Settlement Cash Transactions
Facts of the
CaseThe Revenue alleged that members of the Jaipuria
family had purchased shares of Integrated Caps Pvt. Ltd. at ₹0.01 per share and
treated the same as unaccounted share transactions.The Department rel...
Commissioner of Income Tax vs. Modiluft Ltd. | Delhi High Court on TDS Default, Burden of Proof & Applicability of Sections 201(1) and 201(1A) of the Income Tax Act, 1961
Facts of the CaseThe assessee, M/s Modiluft Ltd., was engaged
in operating scheduled airline services. Due to closure of its airline business
in 1996, several employees, including pilots, were laid off. For Assessment
...
Principal Commissioner of Income Tax (Central)-1 vs Manoj Hora (Delhi High Court) – Penalty under Section 140A(3) and Scope of Section 221(1) of the Income Tax Act, 1961
Facts of the
CaseThe Revenue preferred two appeals before the Delhi
High Court challenging the common order passed by the Income Tax Appellate
Tribunal (ITAT) in relation to Assessment Year 2009–10.The ITAT had set ...
Housing and Urban Development Corporation Ltd. Vs. Additional Commissioner of Income Tax (Delhi High Court) – Deduction on De-recognition of Interest on NPAs under Section 43D read with Rule 6EB of the Income Tax Rules, vis-à-vis NHB Guidelines
Facts of the
CaseThe assessee, Housing and Urban Development
Corporation Limited (HUDCO), a public sector undertaking engaged in housing and
urban infrastructure finance, claimed deduction of accrued interest on loans...
Commissioner of Income Tax vs ITC Limited – Whether Royalty Paid to Airports Authority of India for Executive Lounge Operations Constitutes Rent Liable for TDS under Section 194-I and Penalty under Section 271C of the Income Tax Act, 1961
Issues
Involved
Whether royalty paid by ITC to AAI for operating the Executive
Lounge constituted “rent” under Section 194-I of the Income Tax Act?
Whether interest under Section 201(1A) could...
Housing and Urban Development Corporation Ltd. vs Additional Commissioner of Income Tax, Range-12 Section 43D of the Income Tax Act, 1961
Facts of the
CaseThe appellant, Housing and Urban Development
Corporation Limited (HUDCO), a public sector undertaking engaged in
financing housing and urban infrastructure projects, filed appeals under
Section...
MSD Pharmaceuticals Pvt. Ltd. vs Additional Commissioner of Income Tax & Pr. Commissioner of Income Tax | AMP Expenditure Transfer Pricing Adjustment under Section 92C & Section 260A of the Income Tax Act
Facts of the
CaseMSD Pharmaceuticals Pvt. Ltd. and the Revenue both
preferred appeals against the order passed by the Income Tax Appellate Tribunal
(ITAT) for Assessment Year 2010–11. The dispute centered around the...
Principal Commissioner of Income Tax (Central)-1 vs Sahara India Financial Corporation Ltd. | Delhi High Court on Maintainability of Revenue Appeals under Section 260A of the Income Tax Act, 1961
Facts of the CaseThe Revenue filed multiple appeals before the Delhi High Court
under Section 260A against a common order of the Income Tax Appellate Tribunal
dated 13 December 2016. The impugned order had dismissed th...
Pr. Commissioner of Income Tax-6, New Delhi vs MSD Pharmaceuticals Pvt. Ltd. | Delhi High Court on Transfer Pricing Adjustment under AMP Expenditure and Existence of International Transaction | Sections 92, 92B & 92C Income Tax Act
Facts of the
CaseThe Revenue as well as the Assessee preferred cross
appeals before the Delhi High Court challenging the common order passed by the
Income Tax Appellate Tribunal (ITAT) for Assessment Year 2010–11. T...