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1 - 10 of 100 (6.42 seconds)The Income Tax Act, 1961
Section 10 in Finance Act, 1999 [Entire Act]
Section 28 in Finance Act, 1999 [Entire Act]
Section 80HHC in The Income Tax Act, 1961 [Entire Act]
Commissioner Of Income-Tax vs Berger Paints (India) Ltd. (No. 2) on 13 February, 2002
5. That decision of Tribunal in the case of Amforge Industries (supra) is not more good law on account of subsequent judgment of Supreme Court in the case of Berger Paints India Ltd. (supra) and judgment of Allahabad High Court in the case of C.L. Gupta (supra). The contention of the learned counsel for revenue, that judgment of Allahabad High Court is distinguishable on the ground that Explanation 2 was not considered, was disputed by submitting that Explanation 2 was quoted in the judgment and therefore, such contention of revenue should not be accepted.
Section 144 in The Income Tax Act, 1961 [Entire Act]
The Central Excise Act, 1944
Mahendra Mills Ltd vs Sheri P. B. Desai, Appellate Assistant ... on 4 March, 1975
He also relied on the judgment of Supreme Court in the case of Mahendra Mills Ltd. v. P.B. Desai, Appellate Asstt. CIT (1975) 99 ITR 135 (SC) where it was held that figures of closing stock of an assessment year would automatically became the opening stock of succeeding year. Hence, section 145A and judgment of Privy Council cannot be applied to opening stock.
Berger Paints India Ltd vs Commissioner Of Income Tax, Calcutta on 17 February, 2004
1. Deduction under section 43B is allowable in the year of payment irrespective of the fact whether goods are manufactured or not or the fact of incurring liabilities. The claim of assessed is fully allowable in view of recent Supreme Court judgment in the case of Berger Paints India Ltd. v. CIT (2004) 266 ITR 99 (SC).