Ponni Sugars (Erode) Ltd vs The Assistant Commissioner Of Cgst on 20 November, 2017
Author: T.S.Sivagnanam
Bench: T.S.Sivagnanam
In the High ... Ponni Sugars & Chemicals Limited, incorporated in the year 1982, owned the sugar factory at Erode. The said M/s.Ponni Sugars & Chemicals Limited
Commissioner Of Income Tax vs M/S.Ponni Sugars And on 7 September, 2018
Author: T.S.Sivagnanam
Bench: T.S.Sivagnanam , V.Bhavani Subbaroyan ... Commissioner of Income Tax
Chennai. .. Appellant
Vs.
M/s.Ponni Sugars and
Chemicals Ltd.,
Esvin House, Perungudi,
Chennai 600 096. .. Respondent
* * *
Prayer : Tax Case Appeal
Supreme
Court in the case of Commissioner of Income Tax Vs. Ponni Sugars and
Chemicals Ltd. : [2008] 306 ITR 392 (SC) as also the decision ... facts of the case in Commissioner of Income-Tax
4
Vs. Ponni Sugars and Chemicals Ltd. The relevant portion of the judgement
reads as follows
Supreme Court
3
in the case of CIT v. Ponni Sugars & Chemicals Ltd. [2008] 174 Taxman 87/306
ITR 392 as also the decision ... supra) was explained
considering the facts of the case in Ponni Sugars & Chemicals Ltd. (supra). The
relevant portion of the judgement reads as follows
Supreme Court in
Commissioner of Income Tax vs. Ponni Sugars And Chemicals Ltd. ; [2008] 306
ITR 392 (SC), wherein it was held as follows ... taken note of by the Hon'ble
Supreme Court in Ponni Sugars and the same was distinguished by observing
the basic test
those appeals was covered, inter alia, by the judgment in
Ponni Sugars, and the appeals were, therefore, dismissed.
We have no hesitation in holding that
Name of the company Value(Rs.)
Ponni Sugars & Chemicals Ltd. 4,97,30,000
Prakash Industries ... with
regard to the genuinity of the transactions with (i) Ponni Sugars &
Chemicals Ltd.; (ii) Prakash Industries Ltd. (three transactions); and
(iii) Oloklin Plants
Presiding Officer,
Labour Court, Salem.
2.The Managing Director,
Ponni Sugars and Chemicals Ltd.,
Kaveri, R.S. (Post) Erode. ... Respondents
Writ Petition filed under Article ... Presiding Officer,
Labour Court, Salem.
2)The Managing Director,
Ponni Sugars and Chemicals Ltd.,
Kaveri, R.S. (Post)
Erode
Supreme Court of India in Sahney
Steel and Ponni Sugars cases (supra)."
The appeal filed by the revenue against the
decision in the case ... this Court
in " Commissioner of Income Tax, Madras Vs. Ponni
Sugars and Chemicals Ltd. ", reported
those appeals was covered, inter alia, by the judgment in
Ponni Sugars, and the appeals were, therefore, dismissed.
We have no hesitation in holding that
