Search Results Page

Search Results

1 - 3 of 3 (0.26 seconds)
Deputy Commissioner Of Income-Tax,, vs Shraddha Constructions & Power ... on 11 April, 2018 cites

Commissioner Of Income-Tax, Baroda vs Navsari Cotton & Silk Mills Ltd. on 23 March, 1981

6. Before us, Ld. Departmental Representative for the Revenue filed written note dated 22-11-2017 stating that the AO was justified in invoking the provisions of section 37(1) of the Act for making disallowance on the ground of unreasonableness or excessiveness. For this proposition, he relied on various decisions justifying the disallowance is proper when the same are made for extra commercial considerations. He also relied on certain decisions mentioned in the judgment of Gujarat High Court in the case of CIT Vs. Navsari Cotton and Silk Mills 135 ITR 546 (Guj.)
Gujarat High Court Cites 10 - Cited by 93 - M P Thakkar - Full Document

Commissioner Of Income-Tax, Bombay ... vs Public Utilities Investment Trust Ltd. on 18 March, 1970

14. On perusal of the above written submissions filed by the assessee on these issues qua the disallowance of interest on part borrowed capital, we are of the view that the finding of the CIT(A) is fair and reasonable as the said decision has the backing of the jurisdictional High Court judgment in the case of CIT Vs. Reliance Utilities and Power Ltd. reported in 313 ITR 340 and CIT Vs. HDFC Ltd. reported in 366 ITR 505. Thus, 8 the decision given by the CIT(A) stands confirmed. Thus, Ground Nos. 2 & 3 raised by the Revenue are dismissed."
Bombay High Court Cites 14 - Cited by 933 - Full Document

The Commissioner Of Income Tax-2 vs Hdfc Bank Ltd. on 5 September, 2014

14. On perusal of the above written submissions filed by the assessee on these issues qua the disallowance of interest on part borrowed capital, we are of the view that the finding of the CIT(A) is fair and reasonable as the said decision has the backing of the jurisdictional High Court judgment in the case of CIT Vs. Reliance Utilities and Power Ltd. reported in 313 ITR 340 and CIT Vs. HDFC Ltd. reported in 366 ITR 505. Thus, 8 the decision given by the CIT(A) stands confirmed. Thus, Ground Nos. 2 & 3 raised by the Revenue are dismissed."
Supreme Court - Daily Orders Cites 1 - Cited by 686 - Full Document
1