Blog Categories
Subscribe to Newsletter
Join our subscribers list to get the latest Tax Updates and Opportunities.
Knowledge Portal
Click here to explore deep insights, FAQs, and comprehensive tax guides.
Explore Now
Commissioner of Income Tax vs M/s Bhushan Steels and Strips Ltd | Delhi High Court | Sales Tax Subsidy as Capital Receipt u/s 43B & Section 4-A UP Sales Tax Act
Facts of the CaseThe assessees, M/s Bhushan Steels and Strips Ltd
and connected assessees including M/s Vardhman Industries Ltd, established
industrial units in notified backward areas of Uttar Pradesh and became...
Commissioner of Income Tax vs I.T.C. Limited (Delhi High Court) – TDS on Royalty Paid to Airports Authority of India: Whether Royalty for Executive Lounge Operation Constitutes Rent under Section 194-I and Liability under Sections 201(1A), 271C & 273B of the Income Tax Act, 1961
Facts of the CaseThe assessee, I.T.C. Limited, was awarded a
contract by Airports Authority of India (AAI) to operate an Executive Lounge at
the Indira Gandhi International Airport, New Delhi, pursuant to a tender
pro...
Commissioner of Income Tax, Delhi vs M/s Bhushan Steels and Strips Ltd. | Delhi High Court on Taxability of Sales Tax Exemption as Capital Receipt under Section 43B of the Income-tax Act & Section 4-A of the U.P. Sales Tax Act
Facts of the
CaseThe assessees, namely M/s Bhushan Steels and
Strips Ltd. and M/s Vardhman Industries Ltd., established and
expanded industrial units in notified backward areas of Uttar Pradesh,
including Sahibabad (...
Principal Commissioner of Income Tax (Central)-1 vs Sahara India Financial Corporation Ltd. | Delhi High Court | Section 260A Income Tax Act | Revenue Appeals Dismissed Following Earlier Binding Precedents
Facts of the CaseThe Principal Commissioner of Income Tax (Central)-1
preferred multiple appeals before the Delhi High Court against the order of the
Income Tax Appellate Tribunal dated 13 December 2016. The ITAT had d...
Principal Commissioner of Income Tax (Central)-1 vs Vijay Kumar Kataria | Delhi High Court Upholds ITAT Order and Dismisses Revenue Appeals for AYs 2004-05, 2005-06, 2006-07 & 2007-08
Facts of the Case
The
Revenue filed four connected appeals before the Delhi High Court against a
common order of the ITAT.
The
appeals related to Assessment Years 2004-05, 2005-06, 2006-07, and
...
CIT Delhi vs Bhushan Steels and Strips Ltd. & Vardhman Industries Ltd. – Whether Sales Tax Exemption Incentive in Backward Areas is Capital Receipt or Taxable Revenue Receipt under Section 43B of the Income Tax Act
Facts of the
Case
The assessees, M/s Bhushan Steels and Strips Ltd. and M/s
Vardhman Industries Ltd., established and expanded industrial units in
notified backward areas of Uttar Pradesh.
T...
Pr. Commissioner of Income Tax–6 vs Mewat Zincs Pvt. Ltd. | Scope of Rectification under Section 254(2) of the Income Tax Act and Finality of ITAT Recall Orders
Facts of the Case
The
Revenue had filed appeals before the Delhi High Court under Section
260A challenging the ITAT’s order dated 12 January 2016.
The
dispute arose from earlier ITAT proceedings ...
Commissioner of Income Tax, Delhi vs M/s Bhushan Steels and Strips Ltd. & M/s Vardhman Industries Ltd. | Delhi High Court on Taxability of Sales Tax Exemption as Capital Receipt under Section 43B of the Income-tax Act and Section 4-A of the U.P. Sales Tax Act
Facts of the
Case
The assessees, M/s Bhushan Steels and Strips Ltd. and M/s
Vardhman Industries Ltd., established/expanded industrial units in
notified backward areas of Uttar Pradesh.
The State G...
Commissioner of Income Tax, Delhi vs M/s Bhushan Steels and Strips Ltd. | Delhi High Court on Sales Tax Exemption as Capital Receipt under Section 43B & Section 4-A of UP Sales Tax Act
Facts of the
CaseThe assessees, M/s Bhushan Steels and Strips
Ltd. and M/s Vardhman Industries Ltd., established industrial units
in notified backward areas of Uttar Pradesh and claimed exemption from payment
of sale...
Paras Sales Corporation vs Commissioner of Income Tax-1 (Central) | Delhi High Court on ITAT Remand, Cross-Examination Rights & Bogus Purchase Allegations under Sections 143(3) and 133A of the Income Tax Act
Facts of the CaseThe assessee, Paras Sales Corporation, was engaged in the
business of trading in food grains at Naya Bazar, Delhi. During scrutiny
assessment for AYs 2004-05 and 2005-06, the Assessing Officer rejected...