basis of the rule laid down by the Supreme Court in McDowell & Co. Ltd. v. CTO (1985) 154 ITR 148 (SC) the assessee should ... attracting the rule laid down by the Supreme Court in McDowell & Co. Ltd. v. CTO (1985) 154 TO 148 (SC) and consequently, were they
further submitted that the principle laid down in the case of McDowell & Co. v. CTO is not applicable to the case of this company ... relying on the decision of the apex Court in the case of McDowell & Co. v. CTO (supra), made the abovementioned disallowance
basis of the rule laid down by the Supreme Court in McDowell (164 ITR 148) (SC) the assessee should not be allowed depreciation ... attracting the rule laid down by the Supreme Court in McDowell's case (154 ITR 148) and consequently, were they right in disallowing
McDowell & Co. Ltd. v. CTO (1985) 154 ITR 148 (SC)
so as to contend that :
"New Holland Tractors India (P) Ltd. has made ... such, he was of the view that the principles enunciated in McDowell & Co. Ltd. v. CTO (supra) which were affirmed in Union of India
forming part of the "marketing expenditure" incurred by M/s. McDowell Limited and debited to the assessee's account as his share ... expenditure, which has been transacting Indian made foreign liquor (IMFL) manufactured by McDowells is not allowable, on a conjoint reading of Sub-sections
crores, sales aggregating to Rs. 89.3 lakhs were to McDowell & Co. Thus, the McDowell & Co. was the major customer of the assessee-firm ... submitted that it was agreed between the assessee-firm. and the McDowell & Co. that the later would give a loan of Rs. 40 lakhs
forming part of the 'marketing expenditure' incurred by M/s McDowell Ltd. and debited to the assessee's account as his share ... expenditure, which has been transacting Indian made foreign liquor (IMFL) manufactured by McDowells is not allowable, on a conjoint reading of Sub-sections
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
ASWATI CORPORATION 2000 (243) ITR 283
in the case of McDOWELL AND CO. LTD. v. COMMERCIAL TAX OFFICER in the case of COMMISSIONER OF WEALTH ... decision of the Hon'ble Supreme Court in the case of McDOWELL (supra) relied upon by the -Tribunal has absolutely no application
argued that the decision of Hon'ble Supreme Court in McDowell's case has no application to the instant case. In this connection ... Supreme Court in a landmark judgment in the case of McDowell and Co. Ltd. v. CTO (1985) 154 ITR 148 (SC) can have its application
