with the said Indian companies from time to time. The first of such agreements was entered into with ITC Ltd. on 27th ... ITC Hotels Ltd. Sheraton also entered into similar agreements with another Indian company Aidyar Gate Hotels Ltd. in respect to their Hotel Park
case is that the appellant company is Ansal Hotels
Pvt. Ltd. which was merged with lTC Ltd vide order of Hon'ble Delhi High ... scheme of amalgamation of ITC Hotel Ltd and Ansal
Hotels Ltd with ITC Ltd. Based on that order
that legal
proceedings were undertaken both by the assessee company and ITC Ltd. and the
disputes were eventually settled after a period ... management of the hotel property. The appellant company had
been in litigation with ITC Ltd. who had declined to make any payment
declare income of Rs. 50,74,700/- receivable from ITC Ltd. as license
fee. In view thereof, the assessee was required to state ... considered.
It was mentioned that the assessee-company entered into operating license
agreement with ITC Ltd., with effect from 01.07.1986. Under the
agreement
Landbase India Ltd, New Delhi vs Assessee on 15 June, 2016
IN THE INCOME TAX
representing alleged license fees
receivable from ITC Ltd. under the Hotel Operator Agreement. It
emerges out from the record that assessee ... Road, Bandra, Mumbai. This
hotel was being operated by ITC Ltd. under Hotel Operator Agreement
effective from 1st July, 1986, for a period
representing alleged license fees
receivable from ITC Ltd. under the Hotel Operator Agreement. It
emerges out from the record that assessee ... Road, Bandra, Mumbai. This
hotel was being operated by ITC Ltd. under Hotel Operator Agreement
effective from 1st July, 1986, for a period
Credit Limited and Russel Investment Limited hold
58% of the shares of the appellant. Russel Credit Limited is a 100%
subsidiary of ITC ... since the
shares/ ESOP are granted by the ultimate parent company
(ITC Ltd.) and no: the appellant.
17. In this regard
Itc Ltd , New Delhi vs Department Of Income Tax on 28 November, 2008
IN THE INCOME TAX APPELLATE TRIBUNAL
DELHI BENCH ... Income Tax Officer, Vs. M/s ITC Ltd.,
Ward 50(1), Maurya Sheraton Hotel & Tower
New Delhi. Diplomatic Enclave,
S.P. Marg
Balance as per ITC 6552852.00
2.1. The AO, after considering the credit notes issued by ITC Ltd., for
which purchases were ... company. The company, as and when require, can fill the amount and inform
its distributor about the same. The ITC Ltd. had taken
