TMI Blog2019 (3) TMI 1886X X X X Extracts X X X X X X X X Extracts X X X X ..... er Section 80-IB of the Income Tax Act having regard to the decision of the Supreme Court in Liberty India vs. Commissioner of Income Tax [ 2009 (8) TMI 63 - SUPREME COURT] and Commissioner of Income Tax-II vs. Punjab Stainless Steel Industries [ 2001 (7) TMI 120 - SUPREME COURT] ? Write-off in respect of advances given - HELD THAT:- Additional question of law arises in this appeal:- Whethe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sales and consequently included in the return of the local tax turnovers, filed by the assessee. As a consequence, the decision of the lower appellate authorities and the ITAT are affirmed on this aspect. - ITA 208/2019 & CM Appl. 10394/2019, ITA 211/2019 & CM Appl. 10401/2019 - - - Dated:- 6-3-2019 - HON BLE MR. JUSTICE S. RAVINDRA BHAT AND HON BLE MR. JUSTICE PRATEEK JALAN For the Appel ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n holding that the write-off in respect of advances given to M/s Bear Logistics LLC to the tune of [₹ 3.89 crores] was justified having regard to the decision of the Supreme Court in Southern Technologies Ltd. vs. Joint CIT (2010) 320 ITR 577 (SC)? The third question urged in ITA 211/2019 is with respect to the inclusion of local taxes and duties in the turnover and the relief given by th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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