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1 - 10 of 42 (0.48 seconds)Section 24 in The Income Tax Act, 1961 [Entire Act]
Section 263 in The Income Tax Act, 1961 [Entire Act]
The Income Tax Act, 1961
The Land Acquisition Act, 1894
Section 80O in The Income Tax Act, 1961 [Entire Act]
Dr. Shamlal Narula vs Commissioner Of Income-Tax, Punjab on 9 April, 1964
54. The judgement of hon'ble Supreme Court in the case of Dr. Shamlal
Najrula (supra) is quite distinguishable on facts. In that case, the interest
under the Land Acquisition Act was awarded from the date of possession
till the date of payment of compensation. Their Lordships observed that
under the provisions of the Land Acquisition Act, the ownership of land is
vested in the Government the moment the possession is taken by the Govt.
Asst Cit(Ltu) 1, Mumbai vs Aditya Birla Nuvo Ltd, Mumbai on 24 February, 2020
We have also applied our mind to the Judicial precedents cited before us. It is
observed, in case of Aditya Birla Nuvo Ltd. (Supra) which amalgamated with the
assessee company, the Tribunal has consistently taken the view that these expenses
have to be allowed as Revenue expenditure. In the latest order passed in ITA
No.1885/Mum/2018 dated 25.07.2024, the Tribunal has followed its earlier decision
in assessee's case and upheld the order of learned First Appellate Authority allowing
deduction. Facts being identical, respectfully following the consistent view of the
11
ITA No.5982 & 6758/Mum/2011
A.Y. 2008-09
Grasim Industries Ltd.
Section 32 in The Income Tax Act, 1961 [Entire Act]
Narang Overseas Pvt. Ltd. vs The Acit on 28 February, 2007
In case of the Narang Overseas P. Ltd. (Supra),
the Special Bench of the Tribunal has observed as under: