Judgment Search Results Home > Cases Phrase: eligible transaction Sorted by: recent Court: delhi Page 2 of about 1,183 results (0.034 seconds)

Commissioner of Income Tax Vs. M/S Delhi Press Patra Prakashan

Court : Delhi

..... of such eligible business for the purposes of the deduction under this section, take the amount of profits as may be reasonably ..... shall, for the purposes of determining the quantum of deduction under sub-section (5) for the assessment year immediately succeeding the initial assessment year or any subsequent assessment year, be computed as if such eligible business were the only source of income of the assessee during the previous year relevant to the initial assessment year and to every subsequent assessment year up to and including the assessment year for which ..... owing to the close connection between the assessee carrying on the eligible business to which this section applies and any other person, or for any other reason, the course of business between them is so arranged that the business transacted between them produces to the assessee more than the ordinary profits which might be expected to arise in such eligible business, the assessing officer shall, in computing the profits and gains ..... officer is required to determine the profits of the eligible undertaking by taking into account the market value of goods transacted between the businesses carried on by the assessee.26. .....

Commissioner of Income Tax Vs. M/S Delhi Press Patra Prakashan

Court : Delhi

..... of such eligible business for the purposes of the deduction under this section, take the amount of profits as may be reasonably ..... shall, for the purposes of determining the quantum of deduction under sub-section (5) for the assessment year immediately succeeding the initial assessment year or any subsequent assessment year, be computed as if such eligible business were the only source of income of the assessee during the previous year relevant to the initial assessment year and to every subsequent assessment year up to and including the assessment year for which ..... owing to the close connection between the assessee carrying on the eligible business to which this section applies and any other person, or for any other reason, the course of business between them is so arranged that the business transacted between them produces to the assessee more than the ordinary profits which might be expected to arise in such eligible business, the assessing officer shall, in computing the profits and gains ..... officer is required to determine the profits of the eligible undertaking by taking into account the market value of goods transacted between the businesses carried on by the assessee.26. .....

Commissioner of Income Tax-iv Vs. M/S Delhi Press Patra Prakashan Ltd

Court : Delhi

..... of such eligible business for the purposes of the deduction under this section, take the amount of profits as may be reasonably ..... shall, for the purposes of determining the quantum of deduction under sub-section (5) for the assessment year immediately succeeding the initial assessment year or any subsequent assessment year, be computed as if such eligible business were the only source of income of the assessee during the previous year relevant to the initial assessment year and to every subsequent assessment year up to and including the assessment year for which ..... owing to the close connection between the assessee carrying on the eligible business to which this section applies and any other person, or for any other reason, the course of business between them is so arranged that the business transacted between them produces to the assessee more than the ordinary profits which might be expected to arise in such eligible business, the assessing officer shall, in computing the profits and gains ..... officer is required to determine the profits of the eligible undertaking by taking into account the market value of goods transacted between the businesses carried on by the assessee.26. .....

Commissioner of Income Tax Vs. M/S Delhi Press Patra Prakashan

Court : Delhi

..... of such eligible business for the purposes of the deduction under this section, take the amount of profits as may be reasonably ..... shall, for the purposes of determining the quantum of deduction under sub-section (5) for the assessment year immediately succeeding the initial assessment year or any subsequent assessment year, be computed as if such eligible business were the only source of income of the assessee during the previous year relevant to the initial assessment year and to every subsequent assessment year up to and including the assessment year for which ..... owing to the close connection between the assessee carrying on the eligible business to which this section applies and any other person, or for any other reason, the course of business between them is so arranged that the business transacted between them produces to the assessee more than the ordinary profits which might be expected to arise in such eligible business, the assessing officer shall, in computing the profits and gains ..... officer is required to determine the profits of the eligible undertaking by taking into account the market value of goods transacted between the businesses carried on by the assessee.26. .....

Commissioner of Income Tax-iv Vs. M/S Delhi Press Patra Prakashan Ltd

Court : Delhi

..... of such eligible business for the purposes of the deduction under this section, take the amount of profits as may be reasonably ..... shall, for the purposes of determining the quantum of deduction under sub-section (5) for the assessment year immediately succeeding the initial assessment year or any subsequent assessment year, be computed as if such eligible business were the only source of income of the assessee during the previous year relevant to the initial assessment year and to every subsequent assessment year up to and including the assessment year for which ..... owing to the close connection between the assessee carrying on the eligible business to which this section applies and any other person, or for any other reason, the course of business between them is so arranged that the business transacted between them produces to the assessee more than the ordinary profits which might be expected to arise in such eligible business, the assessing officer shall, in computing the profits and gains ..... officer is required to determine the profits of the eligible undertaking by taking into account the market value of goods transacted between the businesses carried on by the assessee.26. .....

M/S. L.G. Electronics India Private Limited Vs. the Asstt. Commissione ...

Court : Income Tax Appellate Tribunal ITAT Delhi

..... has neither properly considered the request of the assessee for inclusion of some other comparable cases nor examined the effect of the above discussed relevant factors on the question of determination of the cost/value of international transaction, in our considered opinion the ends of justice will meet adequately if the order of the tpo and that of the ao giving effect to such order is set aside and the matter is restored to the file of the ..... part i (comprising of one sub-point) and part ii (comprising of four sub-points) of the judgment of the hon'ble jurisdictional high court, being the decision on amp expenses towards brand building of the foreign ae as an international transaction and the principle of law laid down about the procedure for determining the alp of such amp expenses, have neither been considered nor commented upon by the hon'ble supreme court ..... where a business is carried on between a resident and a non-resident and it appears to the assessing officer that, owing to the close connection between them, the course of business is so arranged that the business transacted between them produces to the resident either no profits or less than the ordinary profits which might be expected to arise in that business, the assessing officer shall determine the amount of profits which may reasonably be deemed to ..... (1) or sub-section (2) of section 92b, it cannot be reckoned as an international transaction so as to be eligible for processing under chapter x of the act. 14.3. .....

M/S. Aravali International Vs. Jammu and Kashmir Bank Ltd. and Others

Court : Delhi

..... (a) payment for all eligible current transactions in indian rupees or asian monetary unit (amu) or in the currency of the participating country in which the other party to the transaction is resident. ..... as regards the first, the plaintiff has conclusively proved that in export transactions pertaining to member countries of the asian clearing union including bangladesh, the foreign exchange regulations mandate that payment can only be made in indian rupees or the currency of the participating country and, therefore, not in us dollars. ..... has adduced evidence to show that as per the reserve bank of india restrictions as contained in the guidelines and foreign exchange manual placed on record and marked as a for the sake of identification, it is provided that in export transactions with member countries of the asian clearing union which includes bangladesh, payment could only be made in indian rupees or in the currency of the participating country in which the other party to the transaction is resident and, therefore, not in us dollars. ..... that similarly in transactions pertaining to foreign exchange, all banks are required to inform the reserve bank of india by submitting gr-i forms with regard to documents sent under collection or otherwise and also the fate of the documents i.e. .....

Society of Catalysts Vs. Vodaphone Essar Mobile Services Limited.

Court : Delhi State Consumer Disputes Redressal Commission SCDRC New Delhi

..... the offering of gifts, prizes or other items with the intention of not providing them as offered or creating impression that something is being given or offered free of charge when it is fully or partly covered by the amount charged in the transaction as a whole; (b) the conduct of any contest, lottery, game of chance or skill for the purpose of promoting, directly or indirectly, the sale, use or supply of any product or any business interest; (nb : italics to highlight the violations ..... of gifts, prizes or other items with the intention of not providing them as offered or creating impression that something is being given or offered free of charge when it is fully or partly covered by the amount charged in the transaction as a whole; (b) the conduct of any contest, lottery, game of chance or skill, for the purpose of promoting, directly or indirectly, the sale, use or supply of any product or any business interest. 44. mr. ..... the scheme or contest or the lottery, the op has admitted having launched the scheme for the subscribers who talk for more than 20 minutes on their cell phone to become eligible and would automatically participate in the draw of lots and stand to win gold coins and maruti sx4 car and for this they have not paid any extra amount. 19. ..... that something is given for free whereas they are exhorting or alluring the consumers to make unnecessary extra calls to become eligible for the participation and it is fully covered in the amount charged for transaction as a whole. 87. .....

Jt. Cit, Special Range, Vs. Mansurpur Sugar Mills Ltd.

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (2006)8SOT365(Delhi)

..... the main beneficiary of a sale and lease back transaction involving equipment eligible for 100 per cent depreciation forincome-tax purposes is the financier (lessor) because he gets depreciation in the very first year of purchase and taxed on income by way of lease rentals in the subsequent ..... taken on hire by relying on his appellate order for assessment year 1994-95 ignoring the fact that these payments are merely financial arrangements but have been given a colour of sale and lease back transactions and such expenditure is clearly inadmissible in view of the decision of the honble supreme court in the case of mcdowell and co. v. ..... it was pointed out that the excise duty and sale tax are not leviable on the above transaction as per law and the factum of sale was even accepted by the assessing officer by reducing the sale consideration from the value of block of assets for allowing depreciation to the ..... he contended that this aspect, however, was duly appreciated by the learned commissioner (appeals) and the transactions of the assessee-company with the said two companies being genuine, lease rent paid to the said two companies was rightly allowed by him as ..... pointed out that all the items of equipments/machinery involved in the transactions of sale and lease back in question were eligible for 100 per cent depreciation and this aspect itself was sufficient to create a doubt about the genuineness of the said transactions as well as the bona fide purpose to enter into such transactions. .....

Shri Ajit Singh Vs. Delhi Development Authority

Court : Delhi

Reported in : 118(2005)DLT265; 2005(81)DRJ66

..... besides, the attitude of dda in passing an order clandestinely, and judging the eligibility or entitlement of the petitioner on the basis of the present state of affairs, (or at least on the basis of a report of 1998, which is relied for the purpose) instead of keeping in mind the fact that eligibility, and entitlement had been considered, determined earlier, and the transaction had concluded in 1984, betrays an unfair and unreasonable approach. ..... no one can be expected to use the premises and carry on an activity, which is deemed non-conforming, in order to be eligible for a plot, which it has already been determined to be entitled, and for which the entire consideration was taken by the dda. ..... the dda, in its response, has not denied that according to its policy, the petitioner was found eligible, and was intimated about allotment, in 1970. ..... the petitioner was held eligible, for allotment of a plot, on 7.6.1969 for the reason that it was carrying on activity in residential premises, in premises bearing 3022, sita ram bazar. .....