Kwality Biscuits Ltd. on 26 April, 2006
Equivalent citations: [2006]284ITR434(SC), AIRONLINE 2006 SC 619
ORDER
The appeals are dismissed
Kwality Biscuits Ltd. vs Commissioner Of Income-Tax on 30 November, 1999
Equivalent citations: [2000]243ITR519(KAR), [2000]243ITR519(KARN)
JUDGMENT
V.K. Singhal
Karnataka High Court in Commissioner
of Income-Tax v. Kwality Biscuits Ltd. [2000] 243 ITR 519 (Kar) was
applicable which stood affirmed by the Apex ... dismissed by the judgment reported in
Commissioner of Income Tax v. Kwality Biscuits Ltd. [2006] 284
ITR 434 (SC) and on that basis, no interest
Kwality Biscuits Ltd. vs Asstt. Commr. Of Central Excise, ... on 26 March, 1996
Equivalent citations: 2000(123)ELT356(KAR)
ORDER
1. Rule.
Respondents have been
Kwality Biscuits Private Limited, ... vs Deputy Commissioner Of Income Tax, ... on 17 October, 2022
IN THE INCOME TAX APPELLATE TRIBUNAL
"C" BENCH : BANGALORE ... Bang/2020
Assessment year : 2006-07
M/s. Kwality Biscuits Pvt. Ltd., Vs. The Deputy Commissioner of
C/o. Mysore Feeds Pvt. Ltd., Income
Supreme Court in the
case of CIT Vs. Kwality Biscuits Limited,284 ITR 434(SC).Accordingly, the
assessee sought deletion of interest. However ... that the decision
of the Hon'ble Apex Court in Kwality Biscuits Limited ,(supra) was considered by
the Hon'ble High Court
Karnataka High Court in the case of Kwality Biscuits v. CIT and in that case , after thoroughly examining the scheme of Section 115J and also ... appeal filed by the Revenue which is reported in CIT v. Kwality Biscuits
said issue is the decision of the Karnataka High Court in Kwality Biscuits Ltd., Vs. CIT [(2000) 243 ITR 0519: (2000) 110 TAXMAN ... affirmed by the Hon'ble Supreme Court in CIT Vs. Kwality Biscuits Ltd [(2006) 284 ITR 0434 (SC)].
6. Further, the learned counsel pointed
issue in relation to the fictional
income in the case of Kwality Biscuits Limited Vs. Commissioner of Income
Tax , reported in 243 ITR Page ... apply. Therefore, the ratio decided by the
Karnataka High Court in Kwality Biscuits Case is now holding principle
and is applicable in this case
decision in the case of Commissioner of
Income Tax v. Kwality Biscuits Ltd. , (2006) 284 ITR 434
(SC), dismissed the appeal of the revenue ... said
decision that the judgment of the Karnataka High Court in
Kwality Biscuits Ltd. v. Commissioner of Income Tax
(supra) was confined to section 115J