Feedback   New User   Login      
Tax Management India. Com TMI - Tax Management India. Com
Home Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Case Laws Manuals Short Notes Articles News Highlights
Extracts
Home List
← Previous Next →

Commissioner of Income Tax-7 Versus M/s Nicholas Piramal (India) Ltd.

2015 (6) TMI 681 - BOMBAY HIGH COURT

Community development expenditure - whether be allowable as business expenditure - ITAT allowed claim - Held that:- Tribunal while following the decision of the Madras High Court in Commissioner of Income Tax v/s. Madras Refineries Ltd., [2003 (11) T .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

to better business. The Madras High Court in Madras Refineries (supra) had allowed expenditure incurred on drinking water facilities and aid to the school. Therefore, in the present case also, expenditure incurred for community is for the purpose of .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

N. M. Jamdar,JJ. For the Appellant : Mrs S V Bharucha For the Respondent : Mr J D Mistry, Sr. Adv. Mr Neeraj Sheth and Mr A K Jasani ORDER P.C. This Appeal under Section 260A of the Income Tax Act, 1961 (the Act), challenges the order dated 15th Marc .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

in law, the Tribunal was justified in allowing the deduction of the entire expenditure of ₹ 14,42,654/- incurred under the head community development expenditure as business expenditure even though the same were not incurred wholly and exclusiv .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

without giving any valid reason for the said finding?" 3. Mrs. Bharucha, learned Counsel appearing for the Revenue states that question (b) is not being pressed. 4. So far as question (a) is concerned, the Respondent-Assessee had during the year .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ambulance for meeting medical emergencies for residents of the village where its factory is and developing a public garden. The aforesaid expenditures were disallowed by the Assessing Officer on the ground that the same are not incurred wholly and ex .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Forum
what is new what is new
  ↓     bird's eye view     ↓  


|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version