Indian Express Newspapers (Bombay) ... vs Inspecting Assistant Commissioner on 29 May, 1991
Equivalent citations: [1991]39ITD276(MUM)
ORDER
N.R. Prabhu, Accountant Member
1. This ... case have to be set out. Assessee belongs to the Indian Express group of companies and is engaged in printing and publication of news papers
Indian Express Newspapers (Bom) Ltd, ... vs Department Of Income Tax on 14 January, 2008
1
ITA 2258/Mum/08, M/s Indian Express Newspapers ... Assessment Year 2001-02
Asstt. Commissioner of Income Indian Express Newspapers
Tax -3(2), (Bom) Ltd.,
Room No. 608, 6th Floor, Express Towers,
Aayakar Bhawan
5376/Mum/2018 A.Y. 2013-14 1
Indian Express Newspaper (Mumbai) Pvt. ltd. Vs. Dy.CIT-3(2)(1)
IN THE INCOME TAX APPELLATE ... MEMBER)
ITA No.5376 /MUM/2018
(Assessment Year: 2013-14)
Indian Express Newspapers Dy. CIT-3(2)(1)
(Mumbai) Pvt. Ltd., Vs. 6th Floor, Aayakar
gain arising from sale of 25962 shares of M/s Indian Express
Newspaper (Mumbai) Ltd to Shri Vivek Goenka at the rate ... that in the meeting
of Board of Directors of Indian Express Newspaper (Bombay) Ltd held
Year 2011-12)
DCIT, Circle-3(2)(1), M/s Indian Express Newspaper
R.No. 608, Aayakar Bhavan, (Mumbai) P. Ltd., Express
M.K. Road ... earning exempt
1
ITA No. 2536 Mum 2018-M/s Indian Express Newspaper (Mumbai) P. Ltd.
income when infact the onus of establishing its claim
Supreme Court in
the case of CIT vs. Express Newspaper Ltd , 53 ITR 250(SC). Ld A.R. submitted
that the case of Special Bench ... decision
of Hon'ble apex court in the case of Express Newspapers Ltd (supra). He supported the
action of AO.
15. We have considered
Corporation reported in 252 ITR 34 (AT
portion), in case of Express Newspaper Ltd (103 TTJ 122), in case of M/s Revathi
Equipment ... nature have been considered by the Tribunal in case of Express Newspaper Ltd 103 TTJ
122 relied upon.
8. We have heard rival submissions
been a consistent
position. As early as 1960, in CIT v. Express Newspapers , 1960 (40) ITR 38 (Mad),
the Madras High Court held that
Punjab & Haryana High Court
viii) CIT Vs Express Newspapers - 40 ITR 38 (Mad) and 53 ITR 250 (SC)
11. In view of the above
Express Newspapers Ltd. [1960] 40 ITR 38 (Mad.) and from careful perusal of these judgments, we are of the view that if an assessment
