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2017 (8) TMI 725 - HC - Income TaxInterest free loan given to Andhra Pradesh Rayons Limited - commercial expediency - deduction of royalty on bamboo exploited be allowed at rates other than those specified in the 1968 and 1947 agreements - Held that:- Decided in favour of assessee as relying on The Commissioner of Income Tax, Nagpur Versus M/s. Ballarpur Industries Ltd. [2017 (8) TMI 610 - BOMBAY HIGH COURT ] . Addition in respect of income from gross fees for management and technical services - Held that:- Issue raised herein is concluded against the Revenue in view of decisions of this Court in Reliance Infrastructure Ltd. vs. Commissioner of Income Tax, City VI, Mumbai (2016 (12) TMI 1293 - BOMBAY HIGH COURT) and in Commissioner of Income Tax vs. Ambalal Kilachand, (1994 (4) TMI 67 - BOMBAY High Court). Addition on rent guest house/staff house - Held that:- This issue stands concluded against respondent/assessee by the decision of the Apex Court in Britannia Industries Ltd. vs. C.I.T.(2005 (10) TMI 30 - SUPREME Court).
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