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N.K. Parwanda vs Commissioner of Income Tax (Delhi High Court, 2018) – Section 80HHE Deduction on Translation Services as Customized Electronic Data
Facts of the
Case
The assessee, proprietor of M/s International Academy of Foreign
Languages, provided translation and interpretation services to foreign
clients via the internet.
For Assessment Y...
N.K. Parwanda vs Commissioner of Income Tax – Deduction under Section 80HHE on Translation Services as Customized Electronic Data (Delhi High Court)
Facts of the
CaseThe assessee, proprietor of M/s International
Academy of Foreign Languages, rendered translation and interpretation services
to foreign clients via the internet and claimed deduction under Secti...
Principal Commissioner of Income Tax–6 vs M/s Nokia India Pvt. Ltd. (2018) – Allowability of Warranty Provision, Marketing Expenses & Stock Valuation under Section 260A of Income Tax Act
Facts of the
CaseThe appeal was filed by the Revenue under Section
260A against the order of the Income Tax Appellate Tribunal for Assessment Year
2003–04. The dispute revolved around multiple additions and di...
Principal Commissioner of Income Tax-Central-3 vs Green Valley Housing & Land Development Pvt. Ltd. & Decent Financial Services Pvt. Ltd. | Delhi High Court | ITA 471/2018 & ITA 474/2018 | Low Tax Effect Appeal Dismissed
Facts of the
CaseThe Revenue (Principal Commissioner of Income Tax)
filed appeals before the Delhi High Court against the respective respondents.
During the hearing, counsel for the Revenue submitted that the tax effe...
Samsung Electronics Co. Ltd. vs Deputy Commissioner of Income Tax (International Taxation) | Delhi High Court | Section 147/148 & 260A Income Tax Act | Reopening of Assessment on Non-Disclosure of Royalty & FTS Income
Facts of the
CaseThe appellant, Samsung Electronics Co. Ltd.,
a non-resident company based in South Korea, filed an appeal under Section 260A
challenging the validity of reassessment proceedings initiated under ...
PR. Commissioner of Income Tax–3 vs Escorts Ltd. (2018) – Prior Period Expenditure Allowability under Section 260A of Income Tax Act
Facts of the
Case
The appeal was filed by the Revenue under Section 260A against the
ITAT order.
The dispute pertains to Assessment Year 2005–06.
The Assessing Officer disallowed ₹7.75 crore clai...
Commissioner of Income Tax vs. M/s Techno Exports (Delhi High Court) – Deduction under Section 80HHE on Delayed Export Receipts Due to Political Circumstances
Facts of the
CaseThe assessee, M/s Techno Exports, claimed deduction
under Section 80HHE in respect of export proceeds received during Assessment
Year 1996–97. However, such export proceeds pertained to earlie...
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 ...