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Hyderabad Industries Ltd., Hyderabad vs Department Of Income Tax on 25 May, 2012 cites

Dy. Cit, Special Range 18 vs Reliance Industries Ltd. on 23 October, 2003

17. Ground No. 1 is regarding treatment of sales-tax collection should have bee held to be capital receipt on account of subsidy granted by the Government for setting up of industries. Similar issue was decided by this Bench in ITA NO 917/H/2009(supra) , wherein we set aside the issue to the file of the AO to consider whether the present subsidy scheme enjoyed by the Assessee is identical with that of the scheme framed by the Government of Maharashtra in 1979, considered by the Mumbai Special bench in the case of CIT v Reliance Industries Ltd (88 ITD 273) which was confirmed by the Bombay High Court in CIT v Reliance Industries Ltd 2010-TIOL-228-HC-MUM-IT supra and if so treat it as a capital receipt. In the result the appeal of the Revenue on this issue is treated as allowed for statistical purposes.
Income Tax Appellate Tribunal - Mumbai Cites 28 - Cited by 53 - Full Document

Trf Ltd vs Commnr. Of Income Tax on 9 February, 2010

11. The first issue is regarding allowance of bad debts under Section 36(1)(vii). Similar issue has been decided by us in ITA No 917/H/09 for the assessment year 2004-05(supra). Respectfully following the conclusions drawn in AY 2004-05 and the decision of the Apex Court in the case of TRF Ltd Vs CIT reported in 323 ITR 397(SC), we confirm the order of the CIT(A) in allowing bad debt written off in the books of account as a deduction under Section 36(1)(vii) and dismiss the appeal of the revenue on this issue.
Supreme Court of India Cites 2 - Cited by 561 - Full Document

Commissioner Of Income-Tax vs Dusad Industries on 4 November, 1985

to the files of the AO to consider whether the present subsidy scheme enjoyed by the Assessee is identical with that of the scheme framed by the Government of Maharashtra in 1979, considered by the Special bench and the Bombay High Court in the case of reliance Industries supra and if so teat it as a capital receipt. In the result the appeal of the Revenue on this issue is treated as allowed for statistical purposes.
Madhya Pradesh High Court Cites 10 - Cited by 39 - Full Document
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