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Vedanta Limited (Successor to Cairn India Ltd.) vs Principal Commissioner of Income Tax-9, New Delhi Section 14A, Rule 8D(2)(iii), Section 32(1)(iia), Section 92C & Section 80IB of the Income Tax Act, 1961 – Mandatory Allowability of Additional Depreciation and Transfer Pricing Adjustment on International Transactions
Facts of the CaseThe assessee, Vedanta Limited (successor to Cairn India
Limited), filed appeals before the Delhi High Court challenging the order of
the Income Tax Appellate Tribunal (ITAT) on multiple substantial que...
Director of Income Tax (Exemption) vs The Delhi Public School Society Delhi High Court | Income Tax Appeal Nos. 1086/2005, 501/2008, 521/2008, 605/2008, 609/2008 & 1432/2010 along with W.P.(C) No. 5340/2008, Sections 10(23C), 11, 12, 13 & Related Exemption Provisions under the Income Tax Act, 1961
Facts of the CaseThe present matter arose out of multiple Income Tax Appeals
and one Writ Petition involving the tax-exempt status and assessment-related
disputes concerning The Delhi Public School Society, an educatio...
Director of Income Tax (Exemption) vs. The Delhi Public School Society (Delhi High Court) – Exemption of Educational Institutions under the Income Tax Act, 1961 | Sections 10(23C), 11, 12 & Charitable Purpose
Facts of the CaseThe Delhi Public School Society, engaged in educational
activities, claimed exemption under the Income Tax Act on the basis that it
existed solely for educational and charitable purposes. The Revenue a...
Director of Income Tax (Exemption) vs The Delhi Public School Society (Delhi High Court) – Exemption under Sections 10(23C), 11, 12A and Taxability of Educational Institutions
Facts of the Case
The
assessee, The Delhi Public School Society, is engaged in imparting
education and managing educational institutions.
It
claimed tax exemptions available to educational institut...
Director of Income Tax (Exemption) vs The Delhi Public School Society | Delhi High Court | Section 10(23C)(vi) Income Tax Act | Educational Institution Exemption on Satellite School Receipts
Facts of the CaseThe Delhi Public School Society (DPS Society), a society
registered under the Societies Registration Act, was engaged in running
educational institutions and managing a network of schools under the “...
Director of Income Tax (Exemption) vs The Delhi Public School Society | Delhi High Court | Tax Exemption for Educational Institutions | Sections 10(23C), 11 & 12 of the Income-tax Act
Facts of the CaseThe dispute arose between the Director of Income Tax
(Exemption) and the Delhi Public School Society regarding income-tax exemption
claimed by the Society in its capacity as an educational institution....
Director of Income Tax (Exemption) vs. Delhi Public School Society | Delhi High Court | Section 10(23C)(vi), Section 11(4A), Section 2(15), Section 143(3), Section 148, Section 260A Income Tax Act
Facts of the CaseThe Delhi Public School Society (“DPS Society”), a society
registered under the Societies Registration Act, 1860, was engaged in
establishing and running educational institutions across India and a...
Vidit Jain vs Income Tax Officer (Delhi High Court) – Addition under Section 68 for Cash Deposits, Cash Withdrawals and Gift from In-Laws | Scope of Interference under Section 260A of Income Tax Act
Facts of the CaseThe assessee filed his return declaring total income of
₹6,92,424/- comprising salary income, rental income, interest income and
dividend income. During scrutiny assessment proceedings, the Assessing...
Oriflame India Pvt. Ltd. Vs Assistant Commissioner of Income Tax & Ors. | Delhi High Court | Transfer Pricing Comparable Selection under Section 92A & Rule 10B of Income Tax Rules
Facts of the CaseThe assessee, Oriflame India Private Limited, is a wholly
owned subsidiary of Oriflame Investments Limited, Mauritius, engaged in the
business of distribution and sale of cosmetic products through a di...
Oriflame India Private Limited vs Assistant Commissioner of Income Tax & Ors. | Delhi High Court | Transfer Pricing Adjustment and Income Tax Appeal under Section 260A of the Income-tax Act, 1961
Facts of the CaseOriflame India Private Limited preferred multiple connected
appeals against different tax authorities, namely the Assistant Commissioner of
Income Tax, Deputy Commissioner of Income Tax, and Additional...