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1 - 6 of 6 (0.23 seconds)Commissioner Of Income-Tax vs V. Krishnan on 14 February, 1979
In V. Krishnan's case [1980] 121 ITR 859 (Mad), a view to the contrary has been taken. We dissent from that view.
Kedarnath Jute Manufacturing Co. Ltd. vs Commissioner Of Income-Tax (Central) on 24 August, 1966
2. The Commissioner of Income-tax initiated proceedings under Section 263 of the Income-tax Act, 1961 (for short "the Act"), in view of the decision of the Supreme Court in Kedarnath Jute Manufacturing Co. Ltd. v. CIT [1971] 82 ITR 363, as the order of the Income-tax Officer was prejudicial to the interests of the Revenue, as in view of the aforesaid decision of the Supreme Court, deduction for the liability to pay sales tax, which accrued during the period relevant to the assessment years 1969-70, 1970-71 and 1971-72, could not be allowed as a deduction in the assessment year 1977-78". As a result, he set aside the order of the Income-tax Officer and held that the deduction was not allowable.
Commissioner Of Income-Tax vs Nathmal Tolaram on 31 May, 1972
4. This court in CIT v. United India Woollen Mills [1981] 132 ITR 457, dissented from the view of the Gauhati High Court in Nathmal Tolaram's case [1973] 88 ITR 234, and held on somewhat similar facts that the purchase tax liability relating to the assessment year 1967-68 for which demand notice was served on the assessee on April 27, 1970, was not an allowable deduction in the assessment year 1971-72 as the assessee was following the mercantile system of accounting.
Commissioner Of Income-Tax vs United India Woollen Mills on 24 March, 1981
5. We had also occasion to deal with this matter in Income-tax Reference No. 56 of 1983 (CIT v. Aggarwal Rice and General Mills [1989] 180 ITR 29, decided on April 26, 1989), and followed the decision in United India Woollen Mills' case [1981] 132 ITR 457 (P & H), and on identical facts held that the deduction could not be allowed when the tax was quantified or paid but is allowable when the liability accrues as the assessee follows the mercantile system of accounting.
Commissioner Of Income-Tax vs Aggarwal Rice And General Mills on 26 April, 1989
5. We had also occasion to deal with this matter in Income-tax Reference No. 56 of 1983 (CIT v. Aggarwal Rice and General Mills [1989] 180 ITR 29, decided on April 26, 1989), and followed the decision in United India Woollen Mills' case [1981] 132 ITR 457 (P & H), and on identical facts held that the deduction could not be allowed when the tax was quantified or paid but is allowable when the liability accrues as the assessee follows the mercantile system of accounting.
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