Contact us   Feedback   Annual Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

2016 (5) TMI 33 - DELHI HIGH COURT

2016 (5) TMI 33 - DELHI HIGH COURT - TMI - Provision for breakage in transit - whether amounts to provisioning for contingent liability? - Held that:- It is not in dispute that it stands covered in favour of the Revenue by the decision of this Court in Seagram Distilleries Pvt. Ltd. v. CIT (2015 (10) TMI 491 - DELHI HIGH COURT). Consequently, the appeals are admitted as far as this question is concerned and the question is answered in the negative i.e. in favour of the Revenue and against the As .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

otra, Junior Standing counsel and Mr Aamir Aziz, Adv For the Respondent : Mr Deepak Chopra and Mr Amit Shrivastava, Adv ORDER CM No.11991/2016 in ITA 224/2016 CM No.11993/2016 in ITA 225/2016 1. For the reasons stated in the applications, the delay in filing the appeals is condoned. 2. The applications are disposed of. ITA 224/2016 ITA 225/2016 3. These two appeals by the Revenue are directed against the common order dated 10th July, 2015 passed by the Income Tax Appellate Tribunal ( ITAT ) in I .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

s not in the nature of capital expenditure. 5. As far as the first issue is concerned it is not in dispute that it stands covered in favour of the Revenue by the decision of this Court dated 6th October, 2015 in Seagram Distilleries Pvt. Ltd. v. CIT (2015) 378 ITR 581 (Del). Consequently, the appeals are admitted as far as this question is concerned and the question is answered in the negative i.e. in favour of the Revenue and against the Assessee. The impugned order of the ITAT to that extent i .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

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

Go to Mobile Version