Click Here For Best Books On Taxation & Law. Upto 60% Off On Select Titles. Free Shipping & Pay On Delivery!
 

Click Here To Subscribe To Our Free Newsletter

This section is now closed. Click here for new judgements

Home › All Judgements › Dabur India Ltd vs. CIT (Delhi High Court)

Dabur India Ltd vs. CIT (Delhi High Court)

Posted on by editor
COURT:
CORAM:
SECTION(S):
GENRE:
CATCH WORDS:
COUNSEL:
DATE: (Date of pronouncement)
DATE: September 23, 2008 (Date of publication)
AY:
FILE:
CITATION:

While computing normal profits which do not involve Ch VI-A relief, an assessee is entitled not to claim depreciation. However, where deduction under Ch VI-A is claimed depreciation is mandatory.

Vahid Paper Mills 98 ITD 165 (SB) (Ahd) approved.

See also: Scoop Industries (Bom-Goa).

Related Posts:

  • PCIT vs. Nokia Solutions & Networks India Pvt. Ltd (Delhi High Court) We are of the considered view that in cases where there is stay of recovery of demand of tax, the Tribunal should deal with the appeals pending before it on a higher priority. The Tribunal should consider forming a separate list of such cases which should be heard on priority…
  • M3M India Holdings Pvt. Ltd vs. ITSC (P&H High Court) For purposes of making an application for settlement, a case i.e. An assessment would be pending till such time as the assessment order is served upon the assessee. The declaration of law by this Court is binding on all authorities within the State including the Commission. The petitioner was entitled…
  • PCIT vs. Ami Industries (India) P Ltd (Bombay High Court) In NRA Iron & Steel (P) Ltd (supra), the Assessing Officer had made independent and detailed inquiry including survey of the investor companies. The field report revealed that the shareholders were either non-existent or lacked credit-worthiness. It is in these circumstances, Supreme Court held that the onus to establish identity…
  • PCIT vs. Colour Roof (India) Ltd (Bombay High Court) Sine-qua-non for application of Section 41(1) of the Act, is that there should have been allowance or deduction claimed by the Assessee in any Assessment Year as a loss, expenditure or trading liability incurred by the Assessee. Subsequently, if any remission or waiver is granted in respect of which such…
  • India Convention and Culture Centre Pvt. Ltd vs. ITO (ITAT Delhi) As per the circle rate prescribed by the competent authority, the value of total assets i.e., the fair market value of the land which was converted from ‘agricultural’ into ‘institutional’ comes to Rs.113,00,72,749/-. If the other assets of Rs.9,17,608/- is added to such asset and the total liability of 46,55,69,537/-…
  • Boutique Hotels India (P) Ltd vs. ACIT (ITAT Delhi) It is not as if mistake of a legal advisor, however, gross and inexcusable, will entitle an assessee to condonation of delay in filing of appeal. The facts of the case are to be examined to ascertain if there had been negligence or gross want of skill, competence or knowledge…

Related Judgements

  1. CIT vs. Vardhaman Polytex (P & H High Court) (Full Bench) 

    (i) In considering whether the interest paid by an assessee on loans raised for acquisition of new asset, before the same was first put to use, is to be added towards the cost of the asset or the same is … CIT vs. Vardhaman Polytex (P & H…
  2. Jamna Auto Industries vs. CIT (P & H High Court) (Full Bench) 

    While damages or penalty which are compensatory in nature are allowable as a deduction u/s 37(1) of the Act, damages which are penal in nature and in respect of infraction of law are not allowable as a business expenditure. Amounts … Jamna Auto Industries vs. CIT (P &…
  3. Peninsula Land vs. CIT (Bombay High Court) 

    An order passed by the AO to give consequential effect to an appeallate order of an earlier year is not an order passed under section 154 and consequently the time limit of section 154(7) does not apply. Read more ›
  4. SET Satellite (Singapore) vs. DDIT (Bombay High Court) 

    The effect of Article 7 (1) of the DTAA and Circular No. 23 dated 23.7.1969 is that the income of a non-resident which is neither directly nor indirectly attributable to the PE cannot be brought to tax.
    Read more ›
  5. CCE vs. Shruti Colorants (Bombay High Court) 

    As s. 35-G of the Central Excise Act (and s. 130 of the Customs Act) provides that an appeal to the High Court shall be filed within 180 days of the receipt of the order appealed against and there is no provision for condonation of delay the court has…
0 comments on “Dabur India Ltd vs. CIT (Delhi High Court)”
1 Pings/Trackbacks for "Dabur India Ltd vs. CIT (Delhi High Court)"
  1. Plastiblends vs. ACIT (Bombay High Court) | archives says:
    December 19, 2008 at 5:08 pm

    […] see: Dabur India Ltd vs. CIT (Delhi High Court) where Vahid Paper Mills 98 ITD 165 (SB) (Ahd) was upheld. Posted in All Judgements, High […]