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2005 (2) TMI 62 - MADHYA PRADESH HIGH COURTAssessee is a liquor contractor - "1. Whether, Tribunal was justified in allowing the claim of retrenchment compensation though there was no retrenchment of workers or closure of business? 2. Whether, Tribunal was justified in treating the bottles used in liquor business as plant? 3. Whether, Tribunal was justified in treating the assessee as owner of the bottles used in its business though the ultimate ownership of bottles rest with the Government of M.P.? 4. Whether, Tribunal was justified in treating surplus in bottle deposit account as belonging to the customers and is not taxable income of the assessee?" - question No. 1 is answered in favour of the Commissioner of Income-tax and against the assessee. Questions Nos. 2, 3 and 4 are answered against the Commissioner of Income-tax and in favour of the assessee.
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