Delhi High Court

CA Final Result Controversy: HC asks ICAI to produce relevant documents

Milind Aggarwal & Ors Vs. ICAI (Delhi High Court)

In a interim order Delhi High Court has held in the case of Milind Aggarwal & Ors Vs. The Institute Of Chartered Accountants Of India that ICAI shall produce the relevant official records pertaining to the receipt and compilation of the documents, the moderation procedure adopted leading to the final declaration of results which would...

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Non-Adjustable Deposit for Acquisition of Membership paid to NSE is Capital Expenditure

M/s Abhipra Capital Limited Vs. Deputy Commissioner of Income Tax (Investigation) (Delhi High Court)

In the case of M/s Abhipra Capital Limited vs Deputy Commissioner of Income Tax (Investigation), the Delhi High Court held that amount paid to National Stock Exchange (NSE) as non-adjustable deposit for acquisition of membership cannot be treated as revenue expenditure and the same would be termed as capital expenditure. ...

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Carry forward of KKC, EC etc. into GST: Implications of recent Delhi High court decision

Cellular Operators Association of India and Others Vs UOI and Others (Delhi High Court)

Education Cess was being levied on Central Excise and Service Tax from 10.09.2014. Education Cess paid on the purchase was available as a credit against payment of education cess on payment on the output removal. ...

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Dissemination of yoga or vedic philosophy is medical relief’ U/s. 2(15)

CIT Vs. Patanjali Yogpeeth (NYAS) (Delhi High Court)

Dissemination of Yoga or vedic philosophy or the practice of yoga or education with respect to yoga was well within the larger term ‘medical relief’ as covered within section 2(15)....

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Certificate U/s. 80G would not automatically lead to exemption from purview of Payment of Bonus Act, 1965

Batra Hospital Employees Union Vs. Batra Hospital & Medical Research (Delhi High Court)

Batra Hospital Employees Union Vs. Batra Hospital & Medical Research (Delhi High Court) It would be hazardous to presume that every organization, which is certified under Section 80-G of the Income Tax Act, would, of necessity, be entitled, ipso facto, to immunity from the applicability of the Payment of Bonus Act. There is substance,...

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Gift tax not applicable on share transfers or transfer of property to effectuate a settlement

Commissioner Of Gift Tax Vs. Ramesh Suri (Delhi High Court)

The difference between the market value of the shares and the value of the transfer was held to constitute deemed gift under Section 4 and that amount was brought to tax. The Gawahati High Court found that the transfer was pursuant to a family settlement and stated that the provisions of the Gift Tax Act would not be applicable....

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HC held expense on Repair & Maintenance by Rambagh Palace Hotels as Revenue in Nature

Principal Commissioner Of Income Tax– 7 Vs Rambagh Palace Hotels Pvt. Ltd. (Delhi High Court)

The Delhi High Court recently ruled that the repair and maintenance expenditure incurred by a Hotel is revenue expenditure under the Income Tax Act. ...

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Provision made by Bank for Interest on Overdue Deposits is allowable expense

Oriental Bank of Commerce Vs. Additional Commissioner of Income Tax (Delhi High Court)

In the case of Oriental Bank of Commerce VS Additional Commissioner of Income Tax, Delhi High Court has held that provision made by bank for interest on overdue deposits can’t be disallowed. ...

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Delay in service of notice U/s. 143(2) invalidates Scrutiny assessment

Pr. CIT Vs. National Informatics Centre Services Inc. (Delhi High Court)

Pr. CIT Vs. National Informatics Center Services Inc. (Delhi High Court) Date of filing of the return of income is 25-09-2009. Therefore, the notice served on the taxpayer u/s 143(2) on 26-08-2011 is beyond the period of six months from the end of the financial year in which the return was furnished. Therefore, the notice […]...

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HC clarifies on Carry forward of unabsrobed depreciation on 1st day of April, 2002

Pr. Commissioner Of Income Tax- 2 Vs. British Motor Car Co. (Delhi High Court)

For the reasons mentioned in the application, the delay in re-filing the present appeal is hereby condoned....

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