present value of a future sum is the same. This concept of NPV and FV
as applied by the Hon'ble Special Bench ... placed no material on record to show that the
present value (NPV) of a future sum is not the same or in the process
amount of deferred
taxes by the Eligible Units at Net Present Value
(NPV)"
Trade Circular has mentioned sub-section (4) of section ... however, clarified that the amount of taxes paid
at NPV is subject to determination by the Assessing,
Appellate or as the case
amount of deferred tax by the
eligible Units at Net Present Value (NPV)" on 12th December, 2002
Industries in the State of Maharashtra ... substituting the 4th proviso which provides for payment of
Net Present Value (NPV) of deferred taxes under the
package scheme of incentives, the State Government
account on prepayment of deferred sales tax liability at Net Present Value
(NPV) by invoking section 2(24)(xviii ... same on extinguishment of sales tax liability on prepayment at NPV and
hence the action of Ld. AO treating the same as "income
computing upward adjustment by
considering those deals where the day end NPV is positive and ignoring those deals
where the day end NPV is negative ... furnish details asked for by the AO/TPO, such as NPV or Day INPV,
deal ticket, internal correspondence to show the markup
substituting the 4th proviso which provides for payment of
Net Present Value (NPV) of deferred taxes under the package scheme of
incentives, the State Government ... Rules, 1959
(BST Rules) laying down the procedure for determination of such NPV. The
procedure for determination of NPV of the amount of deferred taxes
amount of tax deferred by it an amount equal to the NPV of
the deferred tax as may be prescribed and on making such payments ... same and if there is a difference i.e., ;positive NPV
then the project repays original investment plus the required rate of return. In
other
amount of tax deferred by it an amount equal to the
NPV of the deferred tax as may be prescribed and on
making such payments ... same and if there is a difference
i.e.,; positive NPV then the project repays original
investment plus the required rate of return. In other
Deferral Sales Tax Liability and its prepayment
at its Net Present Value (NPV) amounting to Rs 3.77.47.870/- u/s 28(iv) of the
Income ... Deferral Sales Tax Liability and its
prepayment at its Net Present Value (NPV) amounting to Rs. 3, 77,47,870/- is a
Capital Receipt
Ambuja Cements Ltd ( Formerly Known As ... vs Addl Cit 3(1), Mumbai on 7 November
