Blog Categories
Subscribe to Newsletter
Join our subscribers list to get the latest Tax Updates and Opportunities.
Commissioner of Income Tax (Exemption) vs Raguvanshi Charitable Trust – Depreciation on Capital Assets by Charitable Trusts and Applicability of Section 11(6) of the Income Tax Act, 1961 | Delhi High Court
Facts of the
CaseThe assessee, Raguvanshi Charitable Trust, was a
duly registered charitable trust under Section 12A of the Income Tax Act and
was engaged in running an educational institution under the name Guru Gram...
Pr. Commissioner of Income Tax vs B.C. Management Services Pvt. Ltd. | Delhi High Court on Transfer Pricing Adjustments, Comparable Selection, Foreign Exchange Gain & Notional Interest under Section 143(3) of the Income Tax Act
Facts of the
CaseThe assessee, B.C. Management Services Pvt. Ltd.,
was engaged in providing IT-enabled services, including application and
infrastructure development, testing, system operations management, and support...
Grosvenor Estates Pvt. Ltd. & Cards Services India Pvt. Ltd. Vs. Assistant Commissioner of Income Tax, Central Circle-2 & Anr. | Delhi High Court | Withdrawal of Writ Petition with Liberty to Raise Reopening Issue in Appellate Proceedings
Facts of the
CaseThe petitioners, namely Grosvenor Estates Pvt.
Ltd. and Cards Services India Pvt. Ltd., approached the Delhi High
Court by filing writ petitions challenging proceedings initiated by the Income
Tax De...
Grosvenor Estates Pvt. Ltd. vs Assistant Commissioner of Income Tax, Central Circle-2 & Anr. | Cards Services India Pvt. Ltd. vs Assistant Commissioner of Income Tax, Central Circle-2 & Anr. – Delhi High Court | Withdrawal of Writ Petition with Liberty to Raise Reopening Issue in Appellate Proceedings
Facts of the CaseThe petitioners, namely Grosvenor Estates Pvt. Ltd.
and Cards Services India Pvt. Ltd., filed writ petitions before the Delhi High
Court challenging proceedings initiated by the Income Tax Department. ...
Pr. Commissioner of Income Tax (Central)-2 vs M/s Ravnet Solutions Pvt. Ltd. | Validity of Notice under Section 143(2) of the Income Tax Act, 1961 – Delhi High Court
Facts of the
CaseThe assessee filed its return of income for
Assessment Year 2007-08 declaring income of Rs. 36,609/-. Initially, the return
was processed under Section 143(1) of the Income Tax Act, 1961. Subsequently...
Pr. Commissioner of Income Tax, Delhi-2 vs M/s CHL Limited | Reassessment under Sections 147/148 Invalid in Absence of Fresh Material | Deduction under Section 80HHD | Delhi High Court
Facts of the
CaseThe assessee, M/s CHL Limited, filed its return for
Assessment Year 2000–01 and claimed deduction under Section 80HHD. The
assessment was completed under Section 143(3). Subsequently, on 21.03.2007,...
Pr. Commissioner of Income Tax vs B.C. Management Services Pvt. Ltd. | Delhi High Court on Transfer Pricing Adjustment, Comparable Selection, Foreign Exchange Gain & Notional Interest under Section 92C and Section 143(3) of the Income Tax Act
Facts of the
CaseThe assessee, B.C. Management Services Pvt. Ltd.,
was incorporated on 12.05.2010 and was engaged in providing IT-enabled services
including application and infrastructure development, testing, system
...
Pr. Commissioner of Income Tax (Central)-2 vs M/s Ravnet Solutions Pvt. Ltd. | Delhi High Court on Mandatory Notice under Section 143(2) of Income Tax Act and Validity of Assessment Proceedings
Facts of the
CaseThe assessee filed its income tax return on
30.03.2007 declaring income of Rs. 36,609/-. The return was initially processed
under Section 143(1) of the Income Tax Act. Thereafter, the case was selecte...
Commissioner of Income Tax vs M/s International Tractor Ltd. | Section 80-IA Deduction Eligibility for Small Scale Industrial Undertaking & Validity of ITAT Order | Delhi High Court
Facts of the
CaseThe assessee, M/s International Tractor Ltd.,
claimed deduction under Section 80-IA as a Small Scale Industrial Undertaking.
The Revenue challenged the allowability of the deduction on the ground that...
Pr. Commissioner of Income Tax-6 vs Maruti Udyog Ltd. | Delhi High Court on Allowability of Customs Duty Addition and Taxability of Sales Tax Subsidy as Capital Receipt under the Income Tax Act
Facts of the
CaseThe assessee, Maruti Udyog Ltd., for Assessment
Year 2006–07, claimed deductions and accounting treatment relating to customs
duty paid on imported components meant for export purposes and customs d...