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The Commissioner of Income Tax-6, Mumbai Versus M/s. Glaxo India Ltd.

INCOME TAX APPEAL NO. 6715 OF 2010 - Dated:- 17-12-2012 - J.P. DEVADHAR AND M.S. SANKLECHA, JJ. Mr. Suresh Kumar for the appellant. Mr. P.J. Pardiwala, senior Advocate i/b. M & M Legal Ventures for the respondent. P.C. :- 1. The following questions of law are raised by the revenue in this appeal:- A. Whether on the facts and in the circumstances of the case, the ITAT was justified in law in deleting the addition of ₹ 1,55,04,696/- in respect of excise duty on finished goods lying in cl .....

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s was not HP consume during the relevant previous year ? D. Whether on the facts and in the circumstances of the case, the ITAT is justified in law in directing the A.O. to follow earlier orders of the ITAT in assessee's own case with regard to allocation of additional staff cost of ₹ 252.78 lakhs, allocation of interest aggregating to ₹ 1852.86 lakhs and gross interest of ₹ 1852.96 lakhs and gross interest of ₹ 1862.96 lakhs considered for allocation without adjustin .....

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contingent in nature as it is dependent on DPEA liability which is disputed before the Delhi High Court and, therefore, has to be construed as contingent liability as it is neither accrued nor arisen and hence not allowance ? F. Whether on the facts and in the circumstances of the case, the ITAT was justified in law in holding that payment of ₹ 6,26,127/- made to Glaxo Sports Club and ₹ 5,46,000/- to GL Education Trust do not fall within the purview of Section 40A(9) of the IT Act? .....

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