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2017 (12) TMI 475

Application under Section 264 - treatment to sales tax subsidy - AO had added back the sales tax subsidy received by the Assessee as a revenue receipt thereby rejecting its plea that it had to be treated as a capital receipt - Held that:- The scheme .....

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etitionerís application under Section 264 is hereby set aside - WP (C) 8941/2015, WP (C) 8943/2015, WP (C) 8996/2015, WP (C) 9079/2015 - Dated:- 7-12-2017 - S. MURALIDHAR & PRATHIBA M. SINGH JJ. Petitioner Through: Mr. Mayank Nagi with Mr. Vikran .....

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the Assessee sought revision of the assessment orders passed by the Assessing Officer (AO) for the aforementioned AYs under Section 143 (3) on the issue of sales tax subsidy. 2. The AO had, in the aforementioned assessment orders, added back the sale .....

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ned order, the Revenue came in appeal before this Court by filing ITA No.193/2015, which was dismissed by this Court by way of its order dated 13th March 2015. This Court referred to the decision of the Supreme Court in CIT v. Ponni Sugars and Chemic .....

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ng the Petitioner s application under Section 264 is hereby set aside. Resultantly, the orders of the AO dated 29th December 2009 (for AY 2007-08), 30th September 2010 (for AY 2008-09), 24th November 2011 (for AY 2009-10) and 9th January 2013 (for AY .....

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