Bombay High Court i n its decision in the case of Parle Plastics Ltd.
(supra), the appellant 's case is not covered by exceptions ... Bombay High Court in its decision in the case of
Parle Plastics Ltd. has discussed the i ssue as to what can be
considered
Bombay High Court in the case of CIT vs. Parle Plastics Ltd. [332 ITR 63] to
contend that if the lending of money constitutes substantial ... Bombay High Court in the case of CIT vs. Parle Plastics Ltd. (supra). It is also the
case of the assessee that the expenditure
Bombay in the matter of 'Commissioner of Income Tax
Vs. Parle Plastics Ltd. and another ' (2011) 332 ITR 63, learned
counsel submitted that ... referred to
hereinabove help the appellant in any manner.
24. In Parle Plastics Ltd. 's case (supra), the Bombay High
Court while considering
Bombay High Court in the case of CIT vs Parle Plastics
Ltd reported in 196 Taxman 62 (Bom). In the said case ... Bombay High Court in the case of CIT vs Parle Plastics Ltd (332 ITR 63) found that
6
7
ITA No.872/Kol/2016
Bombay High Court in the case of CIT vs Parle Plastics Ltd reported in 196
Taxman 62 (Bom). In the said case ... money lending company. In the case of CIT vs. Parle Plastic Ltd (Supra ), the
assessee had received loan from AMPL; a company in which public
Bombay
High court in the case of CIT vs. Parle Plastics Ltd. 332 ITR 63.
10. The learned DR, on the other hand, strongly relied ... Bombay High
Court in the case of Parle Plastics Ltd. (supra) cited by the learned counsel for the
assessee. As held
Bombay High Court in the case of CIT vs. Parle Plastic Ltd.
reported in 332 I.T.R 63.
4. The Ld. CIT(A) duly ... Bombay High Court in the case of C.I.T. v. Parle Plastic Ltd.
332 I.T.R. 63.
It is relevant to add here
High court judgment's in the case of CIT vs. Parle Plastics
Ltd in ITA No.37 of 2002 order dated 20 th September ... adopted by the
authorities below is clearly unsustainable in law. In Parle Plastics Ltd 's case
(supra), Their Lordships have, inter alia, observed that
year 2006-07:
Name of the Company Amount(`)
Parle Software Ltd 4,00,000
Parle Plastic Ltd 1,08,63,631
Parle Health Products ... year 2007-08:
Name of the Company Amount(`)
Parle Software Ltd 4,00,000
Parle Plastic Ltd 99,88,631
Parle Fruits & Foods
decisions cited (Mrs. Rekha Modi vs. ITO and CIT V/s Parle Plastics Ltd.) the transaction between the appellant and the impugned companies would fall
