TMI Blog2017 (12) TMI 634X X X X Extracts X X X X X X X X Extracts X X X X ..... sioner of Income Tax v. Johnson Matthey India (P) Limited [2015 (3) TMI 1305 - DELHI HIGH COURT] allowed it as capital receipt - Thus issue answered the said issue in favour of the Assessee and against the Revenue. - ITA No. 171/2012 - - - Dated:- 7-12-2017 - S. MURALIDHAR PRATHIBA M. SINGH JJ. Appellant Through: Mr. Mr. Rahul Chaudhary and Mr. Sanjay Kumar, Advocates. Respondent Th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... AT was correct in law in deleting the addition/disallowance relating to custom duty on inventory held in closing stock to the extent of ₹ 23,68,09,186/-? (3) Whether on the facts and circumstances of case, the ITAT was correct in law in deleting the addition of ₹ 4,65,02,993/- made by AO on account of alleged excess consumption of raw material and components? (4) Whether on t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a (P) Limited (order dated 13th March 2015 in ITA No. 193 of 2015) answered the said issue in favour of the Assessee and against the Revenue. In that decision, this Court relied on the decisions of the Supreme Court in Sahney Steel and Press Works Limited v. CIT [1997] 228 ITR 253 (SC) and CIT v. Ponni Sugars and Chemicals Ltd (2008) 306 ITR 392 (SC). 5. The decision of this Court in CIT ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
