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Sales Tax Subsidy Under Maharashtra Package Scheme of Incentives Held as Capital Receipt Not Taxable – Delhi High Court in CIT-IV v. Indo Rama Textiles Ltd. (ITA 392/2014)
Facts of the CaseThe respondent-assessee, M/s Indo Rama Textiles Ltd.,
established industrial units in Butibori and Takhalghat in Nagpur pursuant to
the “Package Scheme of Incentives, 1993” announced by the Governm...
CIT-IV vs Indo Rama Textiles Ltd. (Delhi High Court) – Sales Tax Subsidy under Maharashtra Package Scheme Held as Capital Receipt | Income Tax Case Law
Facts of the CaseThe respondent-assessee, M/s Indo Rama Textiles Ltd.,
established industrial units at Butibori and Takhalghat in Nagpur, Maharashtra
under the Maharashtra Government’s Package Scheme of Incentives, 1...
Sales Tax Subsidy for Industrial Promotion Treated as Capital Receipt – Delhi High Court in CIT-IV v. Indo Rama Textiles Ltd. (ITA 392/2014) Applying “Purpose Test” | Income-tax Act
Facts of the CaseThe assessee company, M/s Indo Rama Textiles Ltd., received
sales tax subsidy under the Maharashtra Government’s incentive scheme
introduced to promote industrialization in underdeveloped areas. The ...
Delhi High Court: Sales Tax Incentive under Maharashtra Package Scheme of Incentives, 1993 Held a Capital Receipt — CIT vs. Indo Rama Textiles Ltd. & Connected Appeals
Facts of the CaseThe appeals arise from assessment years 1997-98, 2005-06,
2006-07, 2008-09, 2013-14 & 2014-15, where the Commissioner of Income
Tax-IV (Revenue) challenged the income-tax treatment of sales tax
su...
Sales Tax Incentive under Maharashtra Package Scheme 1993 Held Capital Receipt – Delhi High Court in CIT-IV v. Indo Rama Synthetics (India) Ltd. (ITA 392/2014) Applying Purpose Test
Facts of the CaseThe respondent-assessee had established industrial units at
Butibori and Takhalghat in Nagpur, Maharashtra and claimed sales tax incentives
under the “Dispersal of Industries – Package Scheme of In...
Sales Tax Subsidy under Maharashtra Package Scheme of Incentives 1993 Held as Capital Receipt – CIT-IV v. Indo Rama Textiles Ltd. | Delhi High Court | ITA 392/2014
Facts of the CaseThe respondent-assessee, M/s Indo Rama Textiles Ltd., received
sales tax subsidy/incentives from the Government of Maharashtra under the
“Dispersal of Industries Package Scheme of Incentives, 1993....
CIT-IV vs Indo Rama Textiles Ltd – Subsidy under State Incentive Scheme Held Capital Receipt Not Taxable as Revenue Income | Delhi High Court | ITA No. 392/2014 | Income-tax Act
Facts of the CaseThe assessee company received subsidy under a State Government
incentive scheme intended to encourage industrial development and investment in
specified areas.During assessment proceedings, the Assessi...
Delhi High Court on ITA 392/2014 – Commissioner of Income Tax-IV vs. Indo Rama Textiles Ltd. and Connected Appeals (Income-tax Appeal)
FACTS OF THE CASEThese appeals arise out of multiple appeals filed by the
Revenue under Section 253 of the Income-tax Act, 1961 challenging orders of the
Income-tax Appellate Tribunal (ITAT) in respect of various asses...
Assessment Order Passed Beyond Time Limit Under Section 153(3) of Income-tax Act Quashed – Delhi High Court in Readers Digest Book & Home Entertainment (India) Pvt. Ltd. v. DCIT
FACTS OF THE CASEThe petitioner, Readers Digest Book and Home Entertainment
(India) Pvt. Ltd., had filed income tax returns for Assessment Year 2011-12
declaring nil income. The return was selected for scrutiny and ref...
Unmarried Woman Not Eligible for Abortion Beyond 20 Weeks Under Rule 3B of MTP Rules: Delhi High Court | X v. Principal Secretary, Health & Family Welfare Dept., GNCTD | Section 3(2) Medical Termination of Pregnancy Act, 1971
Facts of the CaseThe petitioner, a 25-year-old unmarried woman, approached the
Delhi High Court seeking permission for termination of her pregnancy at
approximately 24 weeks. The pregnancy arose from a consensual relat...