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Commissioner of Income Tax Versus M/s. Glaxo SmithKline Pharmaceuticals Ltd.

2012 (3) TMI 565 - BOMBAY HIGH COURT

Income tax appeal No. 1123 OF 2009 - Dated:- 5-3-2012 - DR.D.Y. CHANDRACHUD AND M.S. SANKLECHA, JJ. Mr. Suresh Kumar for the Appellant. Mr. P.J. Pardiwala, Sr. Advocate with Mr. Ashish Rao and Mr. Tejas Shah i/by M & M Legal for the Respondent. O .....

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tances of the case, and in law, the Hon ble Tribunal was justified in law in holding that share issue expenses are attributable to acquisition of assets in the form of Plant and Machinery and hence eligible for depreciation and investment allowance, .....

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in Plant & Machinery; B) Whether on the facts and in the circumstances of the case and in law, the Hon ble Tribunal was right in confirming the order of the CIT(A) deleting the addition made by the A.O. u/s. 40A(9) in respect of reimbursement /p .....

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uld not be reduced from the business profits for the purpose of deduction u/s. 32AB of the Income Tax Act; D) Whether on the facts and in the circumstances of the case and in law, the Hon ble Tribunal was justified in law in holding that the assessee .....

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Whether on the facts and in the circumstances of the case and in law, the Hon ble Tribunal was justified in law in directing the A.O. not to tax the write back of ₹ 406.49 lacs relating to the assessment year 1982-83 to assessment year 1987-88 .....

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passed today in Income Tax Appeal No.972 of 2009 pertaining to Assessment Year 1986-87. Similarly, the learned Counsel states that question C would stand governed against the Revenue by the decision rendered today in Income Tax Appeal No.1023 of 2009 .....

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ntribution under Section 40A(9). The Commissioner (Appeals) noted that the expenditure was incurred for meeting expenses for the employees of the Assessee who participated in sports activities and was routine staff welfare expenditure. The amount was .....

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and the payments are in the nature of reimbursement for actual expenditure incurred by the staff members through the sports club. The payments were not in terms of a lump sum or fixed contribution but merely a reimbursement of actual expenditure for .....

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