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Documents citing Dcit Corporate Circle 4(1), Chennai vs Medi Sales India Pvt. Ltd., Chennai on 13 May, 2022

Ito, Corporate Ward1, Coimbatore vs Cheran Enterprises Private Limited, ... on 23 October, 2024

Vijay Sales v. DCIT [2014] 52 taxmann.com 310 (Mumbai Tribunal). 12.0 Placing reliance on the above stated judicial precedents the Ld counsel argued that, the the interest income shall be taxable in its hands only when it acquires a right to receive such interest income, or the interest income has actually come in its control. It was urged that in the instant case, the said interest accrued on the fixed deposit held with SBI cannot be said to be "received" by it since such interest never crystallized in its hands. The Ld. Counsel would like to also make us believe that as the said interest income is subject matter of the dispute which is still pending before the Delhi High Court it has no right to receive such interest income. Therefore the same shall not form part of ITA Nos.1717, 1730, 1733 & 1734/Chny/2024 :- 12 -:
Income Tax Appellate Tribunal - Chennai Cites 14 - Cited by 0 - Full Document

Ito, Corporateward1, Coimbatore vs Cheran Enterprises Private Limited, ... on 23 October, 2024

Vijay Sales v. DCIT [2014] 52 taxmann.com 310 (Mumbai Tribunal). 12.0 Placing reliance on the above stated judicial precedents the Ld counsel argued that, the the interest income shall be taxable in its hands only when it acquires a right to receive such interest income, or the interest income has actually come in its control. It was urged that in the instant case, the said interest accrued on the fixed deposit held with SBI cannot be said to be "received" by it since such interest never crystallized in its hands. The Ld. Counsel would like to also make us believe that as the said interest income is subject matter of the dispute which is still pending before the Delhi High Court it has no right to receive such interest income. Therefore the same shall not form part of ITA Nos.1717, 1730, 1733 & 1734/Chny/2024 :- 12 -:
Income Tax Appellate Tribunal - Chennai Cites 14 - Cited by 0 - Full Document

Ito, Corporate Ward1, Coimbatore vs Cheran Enterprises Private Limited, ... on 23 October, 2024

Vijay Sales v. DCIT [2014] 52 taxmann.com 310 (Mumbai Tribunal). 12.0 Placing reliance on the above stated judicial precedents the Ld counsel argued that, the the interest income shall be taxable in its hands only when it acquires a right to receive such interest income, or the interest income has actually come in its control. It was urged that in the instant case, the said interest accrued on the fixed deposit held with SBI cannot be said to be "received" by it since such interest never crystallized in its hands. The Ld. Counsel would like to also make us believe that as the said interest income is subject matter of the dispute which is still pending before the Delhi High Court it has no right to receive such interest income. Therefore the same shall not form part of ITA Nos.1717, 1730, 1733 & 1734/Chny/2024 :- 12 -:
Income Tax Appellate Tribunal - Chennai Cites 14 - Cited by 0 - Full Document

Ito, Corporate Ward1, Coimbatore, ... vs Cheran Enterprises Private Limited, ... on 23 October, 2024

Vijay Sales v. DCIT [2014] 52 taxmann.com 310 (Mumbai Tribunal). 12.0 Placing reliance on the above stated judicial precedents the Ld counsel argued that, the the interest income shall be taxable in its hands only when it acquires a right to receive such interest income, or the interest income has actually come in its control. It was urged that in the instant case, the said interest accrued on the fixed deposit held with SBI cannot be said to be "received" by it since such interest never crystallized in its hands. The Ld. Counsel would like to also make us believe that as the said interest income is subject matter of the dispute which is still pending before the Delhi High Court it has no right to receive such interest income. Therefore the same shall not form part of ITA Nos.1717, 1730, 1733 & 1734/Chny/2024 :- 12 -:
Income Tax Appellate Tribunal - Chennai Cites 14 - Cited by 0 - Full Document
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