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1 - 10 of 33 (0.85 seconds)Section 43D in The Income Tax Act, 1961 [Entire Act]
The Companies Act, 1956
The Reserve Bank of India Act, 1934
The Commissioner Of Income-Tax, West ... vs M/S. Vegetables Products Ltd on 29 January, 1973
), in respect of application of the
judgement of the Hon'ble Apex Court rendered in the case of Southern
Technology Ltd.(supra) on income recognition norms prescribed by
R.B.I. The Hon'ble Coordinate Bench in view of the fact that there were
divergent views of Hon'ble Delhi High Court and Hon'ble Madras High
Court, applied the ratio of the Hon'ble Supreme Court in the case of CIT
vs. Vegetable Products Ltd. reported at (1973) 88 ITR 192 (SC). In the
present case also, there is no judgement by the Hon'ble Jurisdictional
High Court, therefore for the same reasoning, we decide this issue in
favour of the assessee and the AO is hereby directed to delete the
addition. Thus, ground of assessee's appeal is allowed.
The Commissioner Of Income Tax vs M/S. Sakthi Finance Ltd on 2 January, 2007
5.3 The Hon'ble Coordinate Bench has noted that there is a divergent
view between the Hon'ble Delhi High Court in the case of M/s.Vasisth
Chay Vyapar Ltd. reported at 330 ITR 44 0(Delhi and the Hon'ble
Madras High Court in the case of CIT vs. Sakthi Finance Ltd. reported at
(2013) 31 taxmann.com 305 (Mad.