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Documents citing Additional Commissioner Of Income-Tax vs Delhi Cloth And General Mills Co. Ltd. on 6 January, 1984

Badridas Keshawprasad vs Deputy Commissioner Of Income-Tax on 20 June, 2001

9. It has also to be seen that all the material particulars have been furnished by the assessee before the Assessing Officer, but he chose to disallow only that much interest which pertained to the amount of investment utilised in purchasing the shares of BNE and not on the amount advanced to the other associates. On the same facts and circumstances of the case, the CIT(A) has given a different opinion and enhanced the assessment and in these circumstances as observed by the Ld. Judicial Member the issue would be covered by the decision of the Delhi High Court in the case of Delhi Cloth & General Mills Co. (supra) wherein it was held that the mere fact that the plea of the assessee that the expenditure in question was of revenue nature was not accepted upto the Tribunal, by itself did not mean that the assessee had furnished inaccurate particulars of its income by not adding that back to its total income.
Income Tax Appellate Tribunal - West Bengal Cites 24 - Cited by 0 - Full Document

Badridas Keshawprasad vs Deputy Cit on 20 June, 2001

We fail to locate such decision as mentioned by the learned Commissioner (Appeals). We are, therefore, unable to consider in what context this observation had been made by the Honble Allahabad High Court. On the contrary, we find that the Honble Delhi High Court in the case of Add). CIT v. Delhi Cloth & General Mills Co. (157 ITR. 822 pages 828 & 829) held as under :
Income Tax Appellate Tribunal - West Bengal Cites 24 - Cited by 0 - Full Document
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