decision of the Honble Supreme Court in the case of McDowell & Co. Ltd. v. CTO (1985) 154 ITR 148 (SC). This aspect ... decision of the Honble Supreme Court in the case of McDowell & Co. Ltd. (supra), the learned counsel submitted that the same is not applicable
laid down by the Hon‟be Supreme Court in the case of
Mcdowell & Company Ltd. vs. CTO, 154 ITR 148 (SC),
accordingly, AO denied ... decision of the Hon‟ble Supreme Court in the
case of McDowells & Co. Ltd. vs CTO 154 ITR 148
(SC).
44. However, on appeal
down by the Hon'ble Supreme Court in the case of McDowell & Co. Ltd. v. CTO (1985) 154 ITR 148 (SC). He contended ... decision of Hon'ble Supreme Court in the case of McDowell & Co. (supra) and, therefore, the learned Departmental Representative was not correct
down by the Hon'ble Supreme Court in the case of McDowell & Co. Ltd. v. CTO , Shri Dastur pointed out that if there ... justification of any transaction entered into, the ratio laid down in McDowell case cannot be applied. In this respect, he placed reliance on the Supreme
High Court of Karnataka in the case of CIT vs.
McDowell & Co Ltd (2014) 369 ITR 684 (Kar) held that the provisions of
section ... High Court of Karnataka in the case of CIT vs. McDowell & Co Ltd (2014) 369
ITR 684 (Kar) held that when net value
decision of the Hon'ble Supreme Court in the case of McDowell & Co. Ltd. v. CTO (1985) 154 ITR 148 (SC). This aspect ... decision of the Hon'ble Supreme Court in the case of McDowell & Co. Ltd. (supra), the learned counsel submitted that the same
ratio of the Supreme Court judgment in the case of McDowell and Co. Ltd. v. CTO .
8. These grounds relate to the disallowance/additions ... upheld. He placed reliance on the decisions in the following cases:
(i) McDowell and Co. Ltd v. CTO (supra);
( ii) Mid East Portfolio Management
decision of the Hon'ble Supreme Court in the case of McDowell ... decision of the Hon'ble Supreme Court in the case of McDowell & Co. Ltd. (supra), we find that neither the assessing officer
purpose, he relied on the decision of the Supreme Court in the McDowell & Co. v. CIT (1985) 154 ITR 148 (SC). He also invoked ... judgment of the Hon'ble Supreme Court in the case of McDowell & Co. (supra) is totally misplaced. Here the question
decision of the Hon'ble Supreme Court
in the case of McDowell & Co. (supra). On the aforesaid basis, the sanction of
the scheme
