hand, we find that the structural steel
items have been used for the fabrication of support structures for
capital goods. The appellants have argued that ... been used for fabrication of capital goods, for repair and
maintenance of capital goods, for fabrication of staging structures and
supporting structures
following: -
11
(i) financial results;
(ii) dividends;
(iii) change in capital structure;
(iv) mergers, de-mergers, acquisitions, delistings,
disposals and expansion of business and such ... price of the securities and which
also includes change in the capital structure.
13. In our opinion, consideration of buy-back of shares
capital reduction leads to
Page No. 32
ITA NO. 2487/MUM/2022 (A.Y. 2017-18)
Legrand Nederland B.V.
change in the capital structure ... submits that the capital
reduction undertaken by Novateur India has resulted in reorganisation
since there is a change in the capital structure of Novateur India
equity capital, whereas
in the present case borrowings are two hundred fortyeight times the
equity capital. As the capital is structured now, and the borrowings ... role in
assessee's planning the capital structure, but an element of planning in
structuring capital does not transform a taxdeductible expense of
interest
equity capital, whereas
in the present case borrowings are two hundred forty-eight times the
equity capital. As the capital is structured ... role in assessee's planning the capital structure, but an
element of planning in structuring capital does not transform a tax-
deductible expense
credit availed on steel
items used in the manufacture of support structures for capital
goods and PSC Sleepers for laying railway line and order ... machineries, thus, becoming integral parts
of the capital goods. The Appellants got the said capital goods
and structures fabricated through contractors using the aforesaid
steel
machineries, thus, becoming integral
parts of the capital goods. The Appellant got the said capital
goods and structures fabricated through contractors using the
aforesaid steel ... 1474 of 2012
structures under pollution control equipment, structures under
storage tanks & structure under component/accessories of
capital goods. However, he has denied
interest of its depositors;
(d) that the company has adequate capital structure and
earning prospects;
(e) that the public interest will be served
Modi Rubber Ltd. vs Continental Carbon India Ltd. on 17 March, 2023
Author: M.R
Cognizant Technology Solutions India ... vs Acit, Large Taxpayer Unit-1, Chennai on 13 September, 2023
