Joginder Singh Nagi vs M/S New Silver Line Traders Pvt Ltd. on 19 July, 2017
Author: Jayant Nath
Bench: Jayant Nath ... Rajinder Mathur & Mr.A.K.
Rohtagi, Advocates
versus
M/S NEW SILVER LINE TRADERS PVT LTD..... Respondent
Through Mr.Sanjeev Sindhwani, Sr.Advocate
with
words,
ITA No. 450/1998 Page 5 of 21
whether the new line of business, i.e., setting up of the sugar plant when ... paid on capital
borrowed or loan taken in setting up a new line of business
ought to be capitalized or treated as revenue expenditure
examine the inclusion by Driverless Train Operation feature on the
new lines of Phase III project of DMRC. After collecting data
from other Metro ... make a realistic
assessment of the achievable energy values in the new lines.
29. It was further submitted that the Petitioner‟s financial bid
considering
stressed upon that the business in the „Non-
Agricultural‟ commodities was new line of business undertaken by
NAFED and the guidelines framed ... business in Non-Agricultural commodities was a new line of business,
there were no existing guidelines and the guidelines suggested by Dr. S.
N. Pandey
property, she sold the property situated at 1F,
Northern Road, Civil Lines, New Delhi in 2009 for
approx. Rs. 3 crores and she took loan ... Reliance Fincorp; the property
situated at 1F, Northern Road, Civil Lines, New Delhi
was ancestral property which was purchased by her
father
expenses incurred in connection with the setting up of a new line of business and, therefore, it should have been capitalized. In other words ... new project of straw-board manufacturing factory. The question before the Court was whether the expenditure incurred for the new venture was a revenue expenditure
Director
BDR Pharmaceuticals International Private Limited
407/408, Sharda Chambers
15, New Marine Lines
Mumbai-400 020
Subject: Application for Voluntary Licence
Re: Indian Patent ... principal place of
business at 407/408 Sharda Chambers, 15 New Marine Lines
Mumbai but carrying on business of selling and/or offering for sale
passed in exercise of its consultative jurisdiction.
(17) In New Jehangir Vakil Mills Ltd. v. Commissioner of Income ... case back to the Tribunal to find new facts or embark upon a new line of enquiry which would enable either the assessed
quality of
products being manufactured and not to introduce any new line of
products. The assessee had not even acquired any proprietary interest ... difference between a case where
an existing company undertakes a totally new line of
activity for which it has to establish a new factory
assessed on the sale of the two plots in defense Colony, New Delhi, was its income from business ?"
3. It is mentioned ... possibility of the assessed choosing to invest money in altogether a new line of business, namely, the business of real property when its other business
