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1 - 10 of 81 (0.73 seconds)Section 80IAB in The Income Tax Act, 1961 [Entire Act]
The Income Tax Act, 1961
Section 37 in The Income Tax Act, 1961 [Entire Act]
Section 14A in The Income Tax Act, 1961 [Entire Act]
Section 194C in The Income Tax Act, 1961 [Entire Act]
Commissioner Of Income Tax vs Lokhandwala Construction Inds. Ltd. on 15 January, 2003
Therefore we are of the view that presumption is to be assumed in
favour of the assesse and not against assesse. Hence, we reject the
formulae adopted by CIT (A) of working out proportionate
disallowance by adopting artificial formulae. Therefore respectfully
I.T.A. No.2126 & 2749/DEL/2013 118
following decisions of Honourable Bombay High court in CIT vs.
Lokhandwala Constructions Industries Ltd. [ 131 taxman 810] and
CIT V Reliance Utilities & Power limited [313 ITR 340] We reverse the
order of the CIT (A) confirming the disallowance of expenditure of
Rs.27.40 crores and direct the AO to allow this interest expenditure
u/s 36(1) (iii) of the Act."
Section 194A in The Income Tax Act, 1961 [Entire Act]
Commissioner Of Income Tax Ii vs M/S Modipon Ltd. on 24 November, 2017
COMMISSIONER OF INCOME-TAX V. MODIPON LTD. (No. 1) [2011]
334 ITR 0102-
I.T.A. No.2126 & 2749/DEL/2013 98
BUSINESS EXPENDITURE--DEDUCTION ONLY ON ACTUAL
PAYMENT--DISALLOWANCE ON GROUND THAT EXPENSES
RELATED TO PRIOR PERIOD AND NOT PRESENT ASSESSMENT
YEAR--TRIBUNAL FINDING ALL EXPENSES SETTLED IN
CURRENT YEAR AND COVERED UNDER SECTION 43B(D)--
JUSTIFIED--INCOME-TAX ACT, 1961, S. 43B(D).