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Principal Commissioner of Income Tax (Central), Gurgaon vs M/s Nector Lifescience Ltd. & Commissioner of Income Tax (Exemption) vs Indian National Theatre Trust (Delhi High Court, 2018) – Appeal Dismissed Due to Low Tax Effect under CBDT Circular No. 3/2018
Facts of the CaseThe Revenue filed appeals before the Delhi High Court against
the respective respondents. During the hearing, counsel for the Revenue
submitted that the tax effect involved in both appeals was le...
PR. Commissioner of Income Tax vs Montage Enterprises Pvt. Ltd. (2018) – Delhi High Court | Section 80-IB Deduction on Royalty & Reallocation of Expenses
Facts of the CaseThe respondent-assessee, Montage Enterprises Pvt. Ltd.,
engaged in manufacturing flexible packaging materials, operated three
units—Jammu, Malanpur, and Noida. The Jammu unit was eligible for d...
PR. Commissioner of Income Tax vs Montage Enterprises Pvt. Ltd. (Delhi High Court) – Section 80-IB Deduction on Royalty Allocation & Reassessment under Section 153A
Facts of the CaseThe present case involves appeals filed by the Revenue under
Section 260A of the Income Tax Act, 1961 against the order of the Income Tax
Appellate Tribunal concerning Assessment Years 2005–06 ...
R.T. Industries & Ors. vs Income Tax Settlement Commission & Anr. (2018) Delhi High Court
Facts of the Case
Petitioners
were engaged in business activities including mustard oil production and
property brokerage.
A search
and seizure operation under Section 132 was conducted on 10...
PR. Commissioner of Income Tax vs Montage Enterprises Pvt. Ltd. | Section 80-IB Deduction on Royalty & Reallocation of Expenses | Delhi High Court Judgment (2018)
Facts of the CaseThe present case concerns appeals filed by the Revenue under
Section 260A of the Income Tax Act, 1961 against the order of the Income
Tax Appellate Tribunal (ITAT) for Assessment Years 2005-06 and 2006...
Commissioner of Income Tax, Delhi vs. Bharat Hotels Ltd. (2018) – Deemed Dividend u/s 2(22)(e), PF/ESI Deduction u/s 43B & Revenue vs Capital Expenditure Clarified
Facts of the CaseThe Assessing Officer (AO) made three major additions:
₹1.2
crores treated as deemed dividend under Section 2(22)(e).
Disallowance
of PF and ESI contributions for delayed deposits.
...
Commissioner of Income Tax, Central-I vs M/s Seasons Textiles Ltd. (Delhi High Court, 2018) – Applicability of CBDT Circular No. 3/2018 on Low Tax Effect Appeals
Facts of the CaseThe present matter pertains to two appeals filed by the
Revenue before the Delhi High Court under Section 260A of the Income Tax Act,
1961. The appeals arose from orders passed in favor of M/s Se...
PR. Commissioner of Income Tax vs. Montage Enterprises Pvt. Ltd. (Delhi High Court, 2018) – Section 80-IB Deduction, Royalty Allocation & Reassessment under Section 153A
Facts of the CaseThe respondent-assessee, engaged in manufacturing flexible
packaging materials, operated three units located at Jammu, Malanpur, and
Noida. The Jammu unit was eligible for deduction under Section 80-IB...
Karan Luthra vs Income Tax Officer (ITO) | Delhi High Court | Section 276CC Income Tax Act | Non-Filing of Return Prosecution
Facts of the CaseThe petitioner, Karan Luthra, failed to file income tax
returns within the prescribed time for Assessment Years 2003-04, 2004-05, and
2005-06 under Section 139(1) of the Income Tax Act. Despite i...
R. Commissioner of Income Tax–6 vs Mary Kay Cosmetics Pvt. Ltd. (2018) – Delhi High Court | Section 37(1) & Transfer Pricing | Bright Line Method Rejected
Facts of the Case
The
respondent-assessee, Mary Kay Cosmetics Pvt. Ltd., was a wholly owned
subsidiary of a US-based entity engaged as an exclusive distributor of
products in India.
The
...