Karnataka High Court
The Commissioner Of Income Tax vs Shree Renuka Sugars Ltd. on 7 April, 2011
Bench: K.L.Manjunath, H.N.Nagamohan Das
3:»: THE 3:33 am??? GEE: K:;R:s%A*r§'K§;"- QIRCUET BEEICI-ji AT E'I§_~iA;RWA§ _» '- Daisefi {mg aim: G'? zi,g;»:é5:3V{§ Pz"€s€f:E- _ .
THE I-I()N'BLE 1»:':e.k.JUs)?: C122. 5; L;~MAPIJEN§$.TH THE HQN'BLE MR.JGSfI¢E'i--§';N_;€§A.CfA1¥1QHAFl' DAS Q89 BE'§'WBEZN: " % ' ' "
E4 Ths Cs';r:':;:'1£:s:.s:,:§:V>;":e:*::;--?f Eéécsirie ' T8}§*,'"K}':i3i1ffijibh'§:--§"{:5§3f1E*?':€iI'%';?§Ei§"
C0£:;f1p1$X,VQp3;>, '€V1"v'i3._ E'-9_s;>'£":aE3 B€1gé;u19:1_»59G{}f§'}..V "
2: Tins A$$i";«.VC@m:3:iS:;;G;'3_é€ :33"
E:;:é:{;:3;e Ta}<:;,_CiV1"{31€'/2? §:3i_é7Egg3.L:::1_a ««««« %,,A;3p€fiani:s 53:31';v.T:'L3?;'§écairaj, Ad;'\fQC{:"i§€} ":3.E:3f€a E{::3r:::E<a S:,:ga:*$ iii, '=.B,VCf'§.G§? §~§a2:§E@«::é=:
éfijafrsg: Beégsgum, §;;N-A;mcs W28 3 {B35 Eéii. >S,?a:*é:ha$a:*aé:%1§? §':r:%v<:aé:21::;€} §'%I/E N ;' 259$???
F») '§'3:::§s ET_;% is féésd L§T}§€i" Séstéaa 269%; :3? §§3s§ JIVE":1'i'3'§'};'";"E€ 'fax: 526:, Eéééé against the ozrdar stiatsd passsd ii: ETA N<";.4/PNJEQGGS an iihfi {fie Q5.-<;h€§ . -- _' V 'E'a2<: Appeéiaze Trébunah Panaji Bsrzéfi? v °?'.a§::;aj;--,f ' dzismisging ths apjssal fiiéd f@:fl.§E2$c AsSé$"smfve::":V ':'.;2a_; 2333-04, 4 u ,. ..
This appeaé Gaming 3:: §:3.:f"ihiS K.L.B:Ian§unath, J, §€Iiv'v'€2"€&*:Eh<?3'1f{)§O'§V§1"ag; 3 ,;;zqDG:si'Eréf':j The R€:*e:r:::s irla/'§'"z:::':{:f';'2e3" if: .t?iri'S appfiai being aggrieved "3.":?'1€35'?: f:_'}_E_"C";.'E3'§:" §éi.SS€_ O: fay the C@:'nrn£:3si<3n€;r af h"1<::o:"r:€__ f:fa;<:,..V%':';;r:'§3;g¢g§.s;}%}::' --§:: . é ':'A:? N945/BGM/2GOé~O? ' C'fi:"::* ;..
g V R %;;=;h:'€_h'vEi:a§;~ been furihsr cszzéfiérraed Ehé §:r:cer:r:~€ Ta}: }"'%pf;§§§.a§:'t:3._'§'1'ibu::a%, Panaji Bénch, Pazzagi ifs: <:3as"'*:fg§§}¢u:.§a:3;? in ETA Ne,<34f?E\1}f2®Q8 efiaésd .'-9 VA2; %1:*_s:* ihfi :'%ss€ssm€n§ 'fag: 2€3®3~{}45 *._$::b$§:;:::é:'1£aE qzségzéeysa Eavs J3
2. §§: -_.':§é€ témfi a§§2ék*:ié:':g {his 9.pp€aL E{:>§§G'W§Ef:g 21* $21.
':53 M ;"T£§ 6,!"
S 9 km ""3 M C {':a:_,,:73.2@ 3 2:
W%":e%:§%::3:* {ha '?2."é§;>:;it:5£ T*s:a/as 'sign: in $88»? ETJX :'%E<>. /' 2€§'Z,}':§ f:*e:}m €}<22V*e?31m€:";i {gr Cc---g€ne:"a%:§<}s3 §;;<3Wé>r _:>E.2:::_: 3§%--iéé':z'E»:§:'_':v:a'i§:;V be raduzced fmm 65:3?
Caécuiaténg d€§:"§cia€é«é;§f;"'». miméuctien of "*~ .Ei"¥Diafza--¥§fi;<2,< ' Sesstien 4v3{;.}§ Qf saga €fi"s:2:i 14,1999? _ '. , .,
ii) Whezher the in a§p«Ej}i§:';-g 3:3? #335 Bombay igfz. mfiie C386 0?
____ H f*~¢1;¢§3s31'V;z;§s" :§€23§ ET"? 3780} T€V€3;'ee:i:vé:;%~f3 :f: _'~.§;aé féfidéffid much ' «priof iniroductien 9%' 3:2 S€C'£'§O§'1 43M} <3? the . :£.T';;::;:%;;'i9mi>9= ha<:€"'E:%é:a2rd {he ieaféiad Qaumseé fez" {ha fcV:ré:"2§:é:..'a"z~:,d'~$25: 1633:1661 cazmseeé fa? ihe 38868888"
4§,v--.."'E.'%;e3; faczss Eeafiiérzg 1:0 {ha ggrsgfint C386 am as V §1:%::§::;s:iz%:§;"€:":
{:3} '§E':€ re$,p®::<.:%%§§1':~a$$€s$€€ is §"'%,E7§'2'f§3é'E§ Sugar §?aC:<';'ff:«1 is a g:>'révg2.'{$ Eémééeé :::am§,>5:";;>. 3/28 iéiaie §'§'..--"a 2{}{,}i} 21>? Kéiféléiiakéi 3:2}; éés isms? §:'i%€é 222 ".i2f§9'E%E§ EC} gyanéi a captiéai ségfasécijs; as an ézgaszaziafé E<_:;=i_:h€' fvéééés Cfifiia €ne:'a*:én " Elésctricitxi bx: :,:§«.:iir:U '::):%.?>93.'S:::é, :§z;=§:é5.5@' {W A/ 2/ _. _f::> . 2:: _v is the fsE§@v;é:r:g cerzdiiéozag:
'' %} A2": amaurmi of §ai<§;:~:~;:
Twezztyfévs ':a,'s«;:'h§ 0:17§ji}" b€«gfa::A:Véé as capital iarhich 'vii': genr:--.ra*:e §C5'W€E"
that if:é{:§;:j[1E:¥ée:;{--.gu§§§:§?{ie5 grid (in w}§'i?:h_¥." ' 3:3}. xvhers sugar ":'i:Vi%V--v:§v€tting up sf ilevv <:€.:~gé3V19i¥3s"fa§:if;'i;:fz épgégecéié, which xvii} geneyais :13'Qxf 5f Sléfipllig ;:><>:v€r for ':§:.<:' '§.<LELB grid. ?r@j€<:i: whécfrz 3 .3i1'i'i1:§}§'€€' V%}.":<'£?~~~E"€§)§8~C€E'E"1;€§E'{ Qf exisiiizg bsééa? {;2f'«€:VLi;'2'%;>é::€s 2./wish $3625; bséiers er tuféinesg v:a:'§;::i§'<> some zmdar tbs Earn: naw CG~ V_ gs5.:2.i%3%3:i§o:: g:2::{::j;e€%;5:«. «s 3%": gésmazzi €35 i W» ..A ;@'.;:,:,§s:*:~s Fifiss »-
M.» Laiqiés swig'; gyazztafl 5,-S Cagfiiai 3a§3s:'d§ Cases sf? §>:*<>j<2€:$ géyésziaéézag 35:; 4 ?:€'\f:f of Sé3'f§3§EE,§.S~§ §3{>we':' :?:?{;:2§;h ihsé :*i:><:§3t;'::":g>; ':3{>éE%:>*; ("E / §T.»"i N as g' 2.€,}(3§% {N am? oibs: fségiliééss U3 Es passsd {he KEB grid." -- V {b} Pursuant to {hs assesses has rscsiznsd {he 1%; 'E'§':s assssszss has sf1s<:§__sst 'p«:>*g,§\{i:-:2" plaza:
$33: makmg use of suga2* Lmié: as the raw matsfiiafii B§:;ri':':.g::": asssssmsn:
prscsséings, C-,gff§sss"sE§ssrx?sd Ehs frsm 826 Stats sf I{a.rna€;§ka ' -'sf ?L8?,5ilQGG,f~ 'Es: ssmmissésfiiswg' Esxzrsr ifiiané; in I'¢'§a:j<:.ié; EGGS, E:z,_V_f;%§év~; sf Expfianaiian EC? ts Ssciésn 43$; sf 'Tax AC'; the Assessing Q'§f§C€i' was of figs L€:»;g3%Z:*:i®;és:"»%EfE"'::3:;'£ 'i7V§"1'»€1'"$L§§S'§CijJ zscsisvsd 'sf; the assesses is be f'séL:;f;'seL":7V«§:"o:}2 '{§i§ sssét sf 'abs asssisk fiascszdéngigg an '"--._ '<:':j&sr sf"ass<sssms:z: was passsd 'sjy' tbs fiasssssing O§'§E»f:s=f, Eséng aggrieved bf; ihs ardsr sf she, fissssséng .._,,Q.§fi{::s:'j assesses féisé an appssé bsfsrs figs E'?/X ,«'2(}€,}§} Saippijg :3 {E253 KEB ggzfid mzsgné;/* an reqwiréés repizzsameni Ca'? exigiéng baiéer er rzew béiifirs or E':ii"1§§§§€S§ méii 3,135)' %iC:':":2.rc:_ 2369; t:o~g€:r1€:"a:i<:n pmjscts.
grafited as sazpizai subsV§d§; '*..Ai:2 'V generaténg E is 4 §'v{Ev'g';{.V.ef the exisiing boiéefr 9&5 @th':é§f 0:: '£338 is ihfi KER gfééf i:1":€ gubsiéjg g?8;:1'{€d if; ES Eowardg :.::a.pi:a§ SU§3Si§;§7".""'{5_'i§f1€ 'v§::%.3i}1/'€"£'.fg1'ET:€1'l"€"'":"7l~:i§ graggteé subsidj; far \*§)"< {';"'l/S' 'F\'§':bVV"V'§/Q " ' * , ~ :C:§'2aL€{Y';::;;Z U: ?3:>;;:«,%_:mg b@1}Crs ané turbzzaas. ancé afisiz" §:zs{23LEE;?;,1:'::m Qf:.?3"€«.g:i'Ea:;:S and machizaeréssg we are of %:':*§*.;:: v§p%nis::"'€h3f;___%:h& CG§E1HE§S'f:?§Gi"1€E' sf £a::(:0::1€ 'Fax x '§fi§;1::a?VL;s}'~Aa:§; as 2316 Tyibagzgai Ezava comméizeii am €E'r:";%:* én géiiaréiéng F€§E:€; 33 {E16 asggsvgssfié We 336 {:25 %fi":€ fl o;.':§r:io. nt'A:hVa: {Ems suésédjv g*:*a,:m;€é ihe {";'<32?€1*m:r§€:2%: . '~@?:éE'£.' 13$ mfiaissé ffsm E323 Casi er}? i:E":€ asziaeig gr {"
§:';a.E:::§a::%5:': C2? §€j3'§'€€;§5zi'§{}:'E by 6:26 ésgéagiag Qfficerz in Q7' / »,,,, 2' §,/