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Documents citing Dcm Ltd. vs Commissioner Of Income Tax on 1 October, 2004

Srei Infrastructure Finance Ltd. vs Additional Commissioner Of Income Tax on 13 February, 2015

Reliance is placed upon several decisions relating to Molasses Storage Fund, namely, DCM Ltd. Vs. Commissioner of Income Tax [2004] 192 CTR 0408, Commissioner of Income-tax Vs. Salem Co-operative Sugar Mills Ltd ITA Nos. 371/2012 & 372/2012 Page 7 of 24 (1998) 229 ITR 285, Commissioner of Income-tax Vs. Pandavapura Sahakara Sakkare Kharkane Ltd. (1992) 198 ITR 690, Somaiya Orgeno- Chemicals Ltd. Vs. Commissioner of Income-tax (1995) 216 ITR 291.
Delhi High Court Cites 38 - Cited by 0 - S Khanna - Full Document

M/Srahman Industries Ltd.,, Kanpur vs Department Of Income Tax on 12 June, 2015

The place of posting of Mr. H. Rahman is also relevant i.e. U.K. where more than 50% of the turnover of the company is affected. All these circumstances show that there is no element of personal benefit and consideration being released to Mr. H.Rahman exclusively. The competitive export market and the requirement of the appellant company to remain updated in terms of technology and superior man power equipped and skilled to ensure future growth and development of business is a valid business consideration and very much a part of the business expediency. The decision in the case of DCM vs CIT 158 ITR, CIT vs. Telco 123 ITR and Hindustan Aluminum vs. CIT 159 ITR have laid down that "the expenditure/payment on 'sending employees abroad for training', or 'to study the advances made in foreign countries' is allowable as revenue business expenditure".
Income Tax Appellate Tribunal - Lucknow Cites 11 - Cited by 0 - Full Document
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