Jewelex India Private Limited v/s Deputy Commissioner of Income Tax
Parties Involved
Facts Summary
The assessee, Jewelex India Private Limited, filed an appeal against the order passed by the Commissioner of Income-tax (Appeals)/National Faceless Appeal Centre, Delhi, pertaining to the assessment order passed under section 143(3) of the Income-tax Act, 1961. The appeal raised three main grounds: disallowance of a deduction claimed under section 80G of the Act for donations classified as Corporate Social Responsibility (CSR) expenditure, adjustment made by the Assessing Officer in the stamp duty value of a block of assets, and the reduction in the written down value of the block of assets contrary to the provisions of section 43(6)(c) of the Act.…
Decision in favour of
Assessee
Legal Issues
- 1. Disallowance of deduction under section 80G for CSR expenditure
- 2. Adjustment of stamp duty value instead of actual sale consideration from block of assets
- 3. Reduction in written down value of block of assets
Judgment Outcome
Decided in favour of Assessee.
Precedents Relied Upon
10 precedents cited in this judgement.
Similar Judgements
Jewelex India Private Limited vs Deputy Commissioner of Income Tax, Circle – 14(1)(1)
Mumbai Bench benchAY 2017-18 & 2018-19AllowedMcKinsey Global Capabilities & Services Pvt. Ltd. vs CIT(A)/NFAC, Delhi
Delhi Bench 'E', New Delhi benchAY 2018-19AllowedDCIT New Delhi vs. FIS Global Business Solutions India Private Limited
Fluor Daniel India Private Limited vs. DCIT, Circle 7 (1)
Delhi Bench ‘H’ benchAY 2020-21Partly AllowedAgilent Technologies (International) P. Ltd. vs ACIT, Circle-1(1), Gurgaon
Delhi Bench benchAY 2018-19AllowedMrs. Geeta Narendra Gandhi Vs. ITO Ward 19(1)(1), Mumbai
SMC Bench, Mumbai benchAY 2019-20Partly Allowed