Following the decisions in CIT v. Sulzer India Limited (2014) 369 ITR 717 (Bom)(HC) CIT v. McDowell & Co Ltd (2014) 369 ITR 684 (Karn) (HC) CIT v. Xylon Holdings (P.) Ltd. [2012] 26 taxmann.com 333/211 Taxman 108 (Bom.) (Mag.). the order of the CIT(A) is affirmed. (AY. 2011-12)
Dy. CIT v. Atlas Copco (India) Ltd (No.2) (2022) 96 ITR 566 (Pune)(Trib)
S. 41(1) : Profits chargeable to tax-Remission or cessation of trading liability-Pre-payment of liability under Sales Tax Defferal Scheme-Deletion of addition is held to be justified.