1) SCC 781, 2007 AIR SCW 1, 2007 TAX. L. R. 82, 2006 (14) SCALE 60, (2007) 51 ALLINDCAS 409 (SC), (2007) 197 TAXATION 1 ... SCALE 60, (2006) 206 CURTAXREP 631, (2006) 8 SUPREME 1033, (2007) 288 ITR 1, AIRONLINE 2006 SC 635
Author: Markandey Katju
Bench: S. B. Sinha
Court in the case of S.
A. Builders Ltd. vs. CIT 288 ITR 1 be not applied and deduction claimed
towards interest payment is disallowed ... case of S.A.
Builders vs. CIT and another (SC) [2007] 288 ITR 1 wherein it was held that
interest on borrowed capital
judgment in the case of S A Builders Vs C IT
(288 ITR 1) in support of the propositions that it is for the assessee ... Supreme Court in the case of SA
Builders Vs CIT (288 ITR 1). That was a case in which borrowed funds
were not used
BOMBAY SAMACHAR LTD
(1969) 74 ITR 723, 731 (BOM); S.A. BUILDERS LTD v. CIT
(2007) 288 ITR 1, 9; CIT v RELIANCE UTILITIES ... DHANRAJGIRJI RAJA
(1971) 91 ITR 544, 550 (SC); S.A. BUILDERS LTD v. CIT (2007) 288
ITR 1,9(BOM)
ii) It is respectfully submitted
Supreme Court in S.A. Builders Ltd. v. CIT (Appeals )
[2007] 288 ITR 1 (SC) clearly lays down that
'no businessman can be compelled ... Builders Ltd. vs. CIT and others reported in (2007) 288 ITR
1 (copy appearing at pages 110 to 115 of the paper book) wherein
their
upon
S.A.Builders Ltd. vs CIT(A) & Another (2007) 288 ITR 1 (SC); D & H
Secheron Electrodes P.Ltd. (1984) 149 ITR ... overruled by the Apex Court
in Munjal Sales Corporation vs CIT 288 ITR 1 (S.C.). It was further
submitted that apart from relying upon
placed reliance on the decision of
S.A. Builders [288 ITR 1(SC)] in this regard. The Assessee has further pointed
out that ... Shiv Raj
Gupta Vs. CIT (2020) 425 ITR 420 (SC), S.A. Builders Ltd. (2007) 288 ITR 1
(SC) in this regard.;
The assessee
Supreme
Court in S.A. Builders v/s CIT,288 ITR 1(SC), the assessee pleaded
that no disallowance could be made. However ... Builders Pvt. Ltd. vs. CIT , (2007) reported in 288 ITR 1 (SC). In the
case of SA Builders vs. CIT (2007) 288 ITR 1
judgment of the Hon'ble Supreme
Court reported in 288 ITR 1 in the case of S.A. Builders v.
CIT which is quoted ... judgment of the Hon'ble Supreme Court
reported in 288 ITR 1 in the case of S.A. Builders v. CIT which
is quoted
288 ITR 408, (2007) 1 SUPREME 473, (2007) 198 TAXATION 103, (2007) 1 SCALE 140
Author: S.B. Sinha
Bench: S.B. Sinha , Dalveer Bhandari
