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Commr. Of Income Tax vs Chotatingrai Tea And Ors. Etc. on 29 October, 2002

8.5. In view of the aforesaid findings in the facts and circumstances of the case and respectfully following the various judicial precedents relied upon hereinabove, we hold that the ld CITA had rightly deleted the disallowance u/s 35(1)(ii) of the Act in the sum of Rs 3,06,25,000/- made by the ld AO. Accordingly, the Grounds raised by the revenue are dismissed. 6.1. We find that the reliance placed by the ld AR on the decisions of Hon'ble Supreme Court in the case of CIT vs Chotatingrai Tea reported in (2003) 126 Taxman 399 (SC) dated 29.10.2002 and State of Maharashtra vs Suresh Trading Company reported in (1998) 1998 taxmann.com 1747 (SC) dated 7.2.1996 are 7 ITA No. 2224 Mum 2019-M/s Gujarat Agrochem Pvt. Ltd.
Supreme Court of India Cites 3 - Cited by 28 - Full Document

State Of Maharashtra Through The ... vs Suresh Trading Company on 7 February, 1996

8.5. In view of the aforesaid findings in the facts and circumstances of the case and respectfully following the various judicial precedents relied upon hereinabove, we hold that the ld CITA had rightly deleted the disallowance u/s 35(1)(ii) of the Act in the sum of Rs 3,06,25,000/- made by the ld AO. Accordingly, the Grounds raised by the revenue are dismissed. 6.1. We find that the reliance placed by the ld AR on the decisions of Hon'ble Supreme Court in the case of CIT vs Chotatingrai Tea reported in (2003) 126 Taxman 399 (SC) dated 29.10.2002 and State of Maharashtra vs Suresh Trading Company reported in (1998) 1998 taxmann.com 1747 (SC) dated 7.2.1996 are 7 ITA No. 2224 Mum 2019-M/s Gujarat Agrochem Pvt. Ltd.
Supreme Court of India Cites 0 - Cited by 73 - Full Document
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