CIT v. Gloster Jute Mills Ltd.

96 Taxmann.com 303High Court2018#2412 most cited
48

judgments rely on this decision, according to BharatTax’s citation analysis of 366,314 Indian tax judgments — from 2020 to 2025.

Also referred to as

CIT v. Gloster Jute Mills Ltd. · 416 ITR 458 · 96 taxmann.com 303 · section 2(24)(xviii) · subsidy taxability · Technology Upgradation Fund Scheme · TUFS incentive · capital receipt · revenue receipt · export incentive · Focus Marketing Scheme

Also reported as

416 ITR 458257 Taxmann 512

Sections most often in play

Section 143(3)Section 115JBSection 147Section 148Section 139(1)Section 14ASection 153ASection 2(24)(xviii)

Issues it is cited on

section 11bsection 41(2)section 2(24)(xviii)section 90(3)section 256(2)convertible foreign exchangesection 43(6)(c)perquisite valuesection 2(11)section 2(45)section 256(1)section 40(a)(ii)

Judgments citing CIT v. Gloster Jute Mills Ltd.

Bharat Insecticides Limited, New Delhi vs. ACIT Circle-4(2), New Delhi

In the result the appeal of the assessee is partly allowed for statistical purpose

ITA 7324/DEL/2019[2013-14]Status: DisposedITAT Delhi02 Apr 2025AY 2013-14

Bench: or at the time of hearing of this appeal.

Section 115Section 115JSection 142(1)Section 143(2)Section 143(3)

…1 IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘B’, NEW DELHI BEFORESH. SUDHIR KUMAR, JUDICIAL MEMBER AND SH. NAVEEN CHANDRA ACCOUTANT MEMBER Assessment Year: 2013-2014 Bharat Insecticides Limited Vs. Assistant Commissioner of 1506 Vikram Tower Income tax, Circle -4(2) Rajendra Place, New Delhi New Delhi 110008 PAN No. AAACB1111C (APPELLANT) (RESPONDENT) Appellant by Sh. Navin Ballodia, Advocate Sh. Asish Khanna, CA Respondent by Sh. Asish Tripathi, Sr. DR. Date of hearing: 27/03/2025 Date of Pronouncement: 02/04/2025 ORDER PER SUDHIR KUMAR, JM: This appeal by the assessee is directed against the order…

ACIT 6(3), Mumbai vs. Grasim Industries Ltd, Mumbai

ITA 4385/MUM/2009[2006-07]Status: HeardITAT Mumbai25 Feb 2025AY 2006-07
Section 143(2)Section 143(3)Section 24Section 43B

…IN THE INCOME TAX APPELLATE TRIBUNAL "G" BENCH, MUMBAI SHRI NARENDRA KUMAR BILLAIYA, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY, JUDICIAL MEMBER ITA No. 3762/MUM/2009 (Assessment Year: 2006-2007) Grasim Industries Limited, (Corporate Finance Division), A-2, Aditya Birla Centre, S.K. Ahire Marg, Worli, Mumbai – 400030. Maharashtra [PAN: AAACG4464B] Additional Commissioner of Income Tax, Range 6(3), 5th Floor, Room No.505, Aayakar Bhavan, Mumbai - 400020. Appellant Vs Respondent ITA No.4385/MUM/2009 (Assessment Year: 2006-2007) Assistant Commissioner of Income Tax Circle 6(3), Mumbai, Room No. 522, 5th Floor, Aayakar B…

Grasim Industries Ltd ( Corporate Finance Division), Mumbai vs. Addl CIT RG 6(3), Mumbai

ITA 3762/MUM/2009[2006-07]Status: DisposedITAT Mumbai25 Feb 2025AY 2006-07

Bench: the CIT(A). The CIT(A) partly allowed the appeal preferred by the Assessee vide order, dated 18/05/2009. 4. Not being satisfied with the relief granted by the Id. CIT(A), the Assessee has preferred appeal before this Tribunal. The Revenue has also filed cross-appeal challenging the relief granted by the Id. CIT(A).

For Appellant: Shri J. D. Mistry Sr. AdvocateFor Respondent: Shri Kishor Dhule
Section 143(2)Section 143(3)Section 24Section 43B

…IN THE INCOME TAX APPELLATE TRIBUNAL "G" BENCH, MUMBAI SHRI NARENDRA KUMAR BILLAIYA, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY, JUDICIAL MEMBER Grasim Industries Limited, (Corporate Finance Division), A-2, Aditya Birla Centre, S.K. Ahire Marg, Worli, Mumbai – 400030. Maharashtra [PAN: AAACG4464B] …………. Appellant Additional Commissioner of Income Vs Tax, Range 6(3), 5th Floor, Room No.505, Aayakar Bhavan, …………. Respondent Mumbai – 400020. Assistant Commissioner of Income Tax Circle 6(3), Mumbai, Room No. 522, 5th Floor, Aayakar Bhavan, M.K. Road, Mumbai - 400020 …………. Appellant Grasim Industries Limited, Vs Century B…

ACIT 6(3), Mumbai vs. Grasim Industries Ltd, Mumbai

In the result, appeal of the Department is dismissed

ITA 6307/MUM/2010[2007-08]Status: DisposedITAT Mumbai18 Feb 2025AY 2007-08

Bench: Shri Saktijit Dey, Vp & Shri N.K. Billaiya, Am

For Appellant: Shri J.D. Mistri, Sr. AdvocateFor Respondent: Shri Dr. Kishor Dhule, CIT(DR)

…IN THE INCOME TAX APPELLATE TRIBUNAL “G” BENCH, MUMBAI BEFORE SHRI SAKTIJIT DEY, VP AND SHRI N.K. BILLAIYA, AM ITA No. 5925/Mum/2010 (Assessment Years: 2007-08) Grasim Industries Ltd. (Corporate Finance Division) A-2, Aditya Birla Centre, S.K. Ahire Marg, Worli, Mumbai - 400030 (Appellant) Vs. Addl. CIT, Range 6(3), 5th Floor, Room No.505, Aayakar Bhavan, Mumbai (Respondent) ITA No. 6307/Mum/2010 (Assessment Year: 2007-08) ACIT, Circle-6(3), Mumbai Vs. Grasim Industries Ltd. Century Bhavan, 3rd Floor, Dr. AB Road, Worli, Mumbai - 400025 Appellant by : Shri J.D. Mistri, Sr. Advocate, Shri Madhur Agarwal, And Sh…

Grasim Industries Ltd, Mumbai vs. Addl CIT RG 6(3), Mumbai

In the result, appeal of the Department is dismissed

ITA 5925/MUM/2010[2007-08]Status: DisposedITAT Mumbai18 Feb 2025AY 2007-08

Bench: Shri Saktijit Dey, Vp & Shri N.K. Billaiya, Am

…IN THE INCOME TAX APPELLATE TRIBUNAL “G” BENCH, MUMBAI BEFORE SHRI SAKTIJIT DEY, VP AND SHRI N.K. BILLAIYA, AM ITA No. 5925/Mum/2010 (Assessment Years: 2007-08) Grasim Industries Ltd. (Corporate Finance Division) A-2, Aditya Birla Centre, S.K. Ahire Marg, Worli, Mumbai - 400030 (Appellant) Vs. : Addl. CIT, Range 6(3), 5th Floor, Room No.505, Aayakar Bhavan, Mumbai (Respondent) ITA No. 6307/Mum/2010 (Assessment Year: 2007-08) ACIT, Circle-6(3), Mumbai Vs. Appellant by Respondent by (Appellant) Grasim Industries Ltd. Century Bhavan, 3rd Floor, Dr. AB Road, Worli, Mumbai - 400025 Shri J.D. Mistri, Sr. Advocate, Sh…

DCIT, Circle-I, Ludhiana vs. Vardhman Holdings Limited Formerly Known As Vardhman Spg. and Genl. Mills Limited, Ludhiana

In the result, the appeal of the Revenue is dismissed

ITA 749/CHANDI/2023[2003-04]Status: DisposedITAT Chandigarh12 Aug 2024AY 2003-04

Bench: SHRI. VIKRAM SINGH YADAV (Accountant Member), SHRI. PARESH M. JOSHI (Judicial Member)

For Appellant: Shri Pankaj Gupta, Advocate and Shri Rishit Dhingra, C.AFor Respondent: Smt. Kusum Banal, CIT,DR

…आयकर अपीलीय अिधकरण,च"ीगढ़ "ायपीठ “बी” , च"ीगढ़ IN THE INCOME TAX APPELLATE TRIBUNAL, CHANDIGARH BENCH “B”, CHANDIGARH HEARING THROUGH: HYBRID MODE "ी िव"म िसंह यादव, लेखा सद" एवं "ी परेश म. जोशी, "ाियक सद" BEFORE: SHRI. VIKRAM SINGH YADAV, AM & SHRI. PARESH M. JOSHI, JM आयकर अपील सं./ ITA NO. 749/Chd/2023 िनधा"रण वष" / Assessment Year : 2003-04 The DCIT बनाम M/s Vardhman Holdings Limited, Circle-1, Ludhiana (Formerly Known as Vardhman Spg. And Genl. Mills Limited) Chandigarh Road, Ludhiana "ायी लेखा सं./PAN NO: AABCV8088P अपीलाथ"/Appellant ""थ"/Respondent िनधा"रती की ओर से/Assessee by : Shri Pankaj Gupta, Advocate…

Rswm Ltd, Bhilwara vs. DCIT Central Circle-31, New Delhi

In the result, the Appeals filed by the assessee in ITA No

ITA 146/DEL/2021[2015-16]Status: DisposedITAT Delhi31 Jan 2024AY 2015-16

Bench: Dr. B.R.R. Kumar & Shri Yogesh Kumar U.S.Ita Nos.145 & 146 /Del/2021 (Assessment Years 2014-15 & 2015-16)

Section 115JSection 14ASection 14A(2)Section 37(1)Section 40Section 69

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘H’: NEW DELHI BEFORE DR. B.R.R. KUMAR, ACCOUNTANT MEMBER AND SHRI YOGESH KUMAR U.S., JUDICIAL MEMBER ITA Nos.145 & 146 /Del/2021 (ASSESSMENT YEARS 2014-15 & 2015-16) M/s. RSWM Ltd. DCIT, Khari Gram, Central Circle-31, Gulabpura, Vs. New Delhi Rajasthan-311021 PAN : AAACR 9700M (Appellant) (Respondent) ITA Nos.1928 & 1929/Del/2020 (ASSESSMENT YEARS 2014-15 & 2015-16) DCIT, M/s. RSWM Ltd. Central Circle-31, Khari Gram, New Delhi Vs. Gulabpura, Rajashthan- 311021 PAN : AAACR 9700M (Appellant) (Respondent) Appellant by Sh. S. S. Naagar, CA Respondent by M…

Rswm Ltd, Bhilwara vs. DCIT Central Circle-31, New Delhi

In the result, the Appeals filed by the assessee in ITA No

ITA 145/DEL/2021[2014-15]Status: DisposedITAT Delhi31 Jan 2024AY 2014-15

Bench: Dr. B.R.R. Kumar & Shri Yogesh Kumar U.S.Ita Nos.145 & 146 /Del/2021 (Assessment Years 2014-15 & 2015-16)

Section 115JSection 14ASection 14A(2)Section 37(1)Section 40Section 69

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘H’: NEW DELHI BEFORE DR. B.R.R. KUMAR, ACCOUNTANT MEMBER AND SHRI YOGESH KUMAR U.S., JUDICIAL MEMBER ITA Nos.145 & 146 /Del/2021 (ASSESSMENT YEARS 2014-15 & 2015-16) M/s. RSWM Ltd. DCIT, Khari Gram, Central Circle-31, Gulabpura, Vs. New Delhi Rajasthan-311021 PAN : AAACR 9700M (Appellant) (Respondent) ITA Nos.1928 & 1929/Del/2020 (ASSESSMENT YEARS 2014-15 & 2015-16) DCIT, M/s. RSWM Ltd. Central Circle-31, Khari Gram, New Delhi Vs. Gulabpura, Rajashthan- 311021 PAN : AAACR 9700M (Appellant) (Respondent) Appellant by Sh. S. S. Naagar, CA Respondent by M…

DCIT Central Circle-31, New Delhi vs. Rswm Ltd, Kharigram

In the result, the Appeals filed by the assessee in ITA No

ITA 1929/DEL/2020[2015-16]Status: DisposedITAT Delhi31 Jan 2024AY 2015-16

Bench: Dr. B.R.R. Kumar & Shri Yogesh Kumar U.S.Ita Nos.145 & 146 /Del/2021 (Assessment Years 2014-15 & 2015-16)

Section 115JSection 14ASection 14A(2)Section 37(1)Section 40Section 69

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘H’: NEW DELHI BEFORE DR. B.R.R. KUMAR, ACCOUNTANT MEMBER AND SHRI YOGESH KUMAR U.S., JUDICIAL MEMBER ITA Nos.145 & 146 /Del/2021 (ASSESSMENT YEARS 2014-15 & 2015-16) M/s. RSWM Ltd. DCIT, Khari Gram, Central Circle-31, Gulabpura, Vs. New Delhi Rajasthan-311021 PAN : AAACR 9700M (Appellant) (Respondent) ITA Nos.1928 & 1929/Del/2020 (ASSESSMENT YEARS 2014-15 & 2015-16) DCIT, M/s. RSWM Ltd. Central Circle-31, Khari Gram, New Delhi Vs. Gulabpura, Rajashthan- 311021 PAN : AAACR 9700M (Appellant) (Respondent) Appellant by Sh. S. S. Naagar, CA Respondent by M…

DCIT Central Circle-31, New Delhi vs. Rswm Ltd, Kharigram

In the result, the Appeals filed by the assessee in ITA No

ITA 1928/DEL/2020[2014-15]Status: DisposedITAT Delhi31 Jan 2024AY 2014-15

Bench: Dr. B.R.R. Kumar & Shri Yogesh Kumar U.S.Ita Nos.145 & 146 /Del/2021 (Assessment Years 2014-15 & 2015-16)

Section 115JSection 14ASection 14A(2)Section 37(1)Section 40Section 69

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘H’: NEW DELHI BEFORE DR. B.R.R. KUMAR, ACCOUNTANT MEMBER AND SHRI YOGESH KUMAR U.S., JUDICIAL MEMBER ITA Nos.145 & 146 /Del/2021 (ASSESSMENT YEARS 2014-15 & 2015-16) M/s. RSWM Ltd. DCIT, Khari Gram, Central Circle-31, Gulabpura, Vs. New Delhi Rajasthan-311021 PAN : AAACR 9700M (Appellant) (Respondent) ITA Nos.1928 & 1929/Del/2020 (ASSESSMENT YEARS 2014-15 & 2015-16) DCIT, M/s. RSWM Ltd. Central Circle-31, Khari Gram, New Delhi Vs. Gulabpura, Rajashthan- 311021 PAN : AAACR 9700M (Appellant) (Respondent) Appellant by Sh. S. S. Naagar, CA Respondent by M…

The ACIT Cir 6(3), Mumbai vs. M/S. Grasim Industries Ltd, Mumbai

In the result, the appeal by the Revenue is dismissed

ITA 3854/MUM/2006[2005-2006]Status: DisposedITAT Mumbai04 Jul 2023AY 2005-2006

Bench: Shri Amarjit Singh & Shri Sandeep Singh Karhail

For Appellant: Shri J.D. Mistri a/wFor Respondent: Dr. Kishor Dhule
Section 142(1)Section 143(2)Section 143(3)Section 250Section 43B

…IN THE INCOME TAX APPELLATE TRIBUNAL “G” BENCH, MUMBAI BEFORE SHRI AMARJIT SINGH, ACCOUNTANT MEMBER AND SHRI SANDEEP SINGH KARHAIL, JUDICIAL MEMBER ITA no.3517/Mum./2006 (Assessment Year : 2005–06) Grasim Industries Ltd. (Corporate Finance Division) A–2, Aditya Birla Centre ……………. Appellant S.K. Ahire Marg, Worli Mumbai 400 030 PAN – AAACG4464B v/s Dy. Commissioner of Income Tax ……………. Respondent Circle–6(3), Mumbai ITA no.3854/Mum./2006 (Assessment Year : 2005–06) Asstt. Commissioner of Income Tax ……………. Appellant Circle–6(3), Mumbai v/s Grasim Industries Ltd. Century Bhavan, 3rd Floor ……………. Respondent Dr. A.…

M/S. Grasim Industries Ltd., Mumbai vs. DCIT Cir - 6(3), Mumbai

In the result, the appeal by the Revenue is dismissed

ITA 3517/MUM/2006[2005-2006]Status: DisposedITAT Mumbai04 Jul 2023AY 2005-2006

Bench: Shri Amarjit Singh & Shri Sandeep Singh Karhail

For Appellant: Shri J.D. Mistri a/wFor Respondent: Dr. Kishor Dhule
Section 142(1)Section 143(2)Section 143(3)Section 250Section 43B

…IN THE INCOME TAX APPELLATE TRIBUNAL “G” BENCH, MUMBAI BEFORE SHRI AMARJIT SINGH, ACCOUNTANT MEMBER AND SHRI SANDEEP SINGH KARHAIL, JUDICIAL MEMBER ITA no.3517/Mum./2006 (Assessment Year : 2005–06) Grasim Industries Ltd. (Corporate Finance Division) A–2, Aditya Birla Centre ……………. Appellant S.K. Ahire Marg, Worli Mumbai 400 030 PAN – AAACG4464B v/s Dy. Commissioner of Income Tax ……………. Respondent Circle–6(3), Mumbai ITA no.3854/Mum./2006 (Assessment Year : 2005–06) Asstt. Commissioner of Income Tax ……………. Appellant Circle–6(3), Mumbai v/s Grasim Industries Ltd. Century Bhavan, 3rd Floor ……………. Respondent Dr. A.…

DCIT, Circle-1(4), Mumbai vs. M/S. Grasim Industries Ltd (Successor to Aditya Birla Nuvo Ltd.), Mumbai

In the result, appeal of the Revenue is partly allowed for statistical purpose

ITA 84/MUM/2023[2009-10]Status: DisposedITAT Mumbai12 Jun 2023AY 2009-10

Bench: Shri Prashant Maharishi, Am & Shri Kuldip Singh, Jm M/S Grasim Industries Ltd. Dy. Commissioner Of Income-Tax (Successor To Aditya Birla Central Circle 1(4), Nuvo Ltd0 9Th For, 902, Pratishtha Bhavan, Aditya Birla Centre, A0Wing, Vs. Old C.G.O. Bldg., (Annexe), 2Nd Floor, Ahire Marg, Worli, M.K. Road, Mumbai-400 020 Mumbai-400 030 (Appellant) (Respondent) Pan No. Aaac11747H M/S Grasim Industries Ltd. Dy. Commissioner Of Income-Tax (Successor To Aditya Birla Central Circle 1(4), Nuvo Ltd0 9Th Flr, 902, Pratishtha Bhavan, Aditya Birla Centre, A0Wing, Vs. Old C.G.O. Bldg., (Annexe), 2Nd Floor, Ahire Marg, Worli, M.K. Road, Mumbai-400 020 Mumbai-400 030 (Appellant) (Respondent) Pan No. Aaac11747H Assessee By : Shri Yogesh Thar & Ms. Ayushi Modani, Ars Revenue By : Shri Dr. Kishor Dhule, Cit Dr Date Of Hearing: 29.05.2023 Date Of Pronouncement : 12.06.2023

For Appellant: Shri Yogesh Thar &For Respondent: Shri Dr. Kishor Dhule, CIT DR
Section 115JSection 143

…ITA Nos. 84 & 351/Mum/2023 M/s Grasim Industries Ltd; AY.2009-10 IN THE INCOME TAX APPELLATE TRIBUNAL “G” BENCH, MUMBAI BEFORE SHRI PRASHANT MAHARISHI, AM AND SHRI KULDIP SINGH, JM M/s Grasim Industries Ltd. Dy. Commissioner of Income-tax (Successor to Aditya Birla Central Circle 1(4), Nuvo Ltd0 9th For, 902, Pratishtha Bhavan, Aditya Birla Centre, A0Wing, Vs. Old C.G.O. Bldg., (Annexe), 2nd Floor, Ahire Marg, Worli, M.K. Road, Mumbai-400 020 Mumbai-400 030 (Appellant) (Respondent) PAN No. AAAC11747H M/s Grasim Industries Ltd. Dy. Commissioner of Income-tax (Successor to Aditya Birla Central Circle 1(4), Nuvo Ltd…

Grasim Industries Limited (As A Successor to Aditya Birla Nuvo Limited), Mumbai vs. The Deputy Commissioner of Income Tax Central Circle-1(4), Mumbai

In the result, appeal of the Revenue is partly allowed for statistical purpose

ITA 356/MUM/2023[2009-2010]Status: DisposedITAT Mumbai12 Jun 2023AY 2009-2010

Bench: Shri Prashant Maharishi, Am & Shri Kuldip Singh, Jm M/S Grasim Industries Ltd. Dy. Commissioner Of Income-Tax (Successor To Aditya Birla Central Circle 1(4), Nuvo Ltd0 9Th For, 902, Pratishtha Bhavan, Aditya Birla Centre, A0Wing, Vs. Old C.G.O. Bldg., (Annexe), 2Nd Floor, Ahire Marg, Worli, M.K. Road, Mumbai-400 020 Mumbai-400 030 (Appellant) (Respondent) Pan No. Aaac11747H M/S Grasim Industries Ltd. Dy. Commissioner Of Income-Tax (Successor To Aditya Birla Central Circle 1(4), Nuvo Ltd0 9Th Flr, 902, Pratishtha Bhavan, Aditya Birla Centre, A0Wing, Vs. Old C.G.O. Bldg., (Annexe), 2Nd Floor, Ahire Marg, Worli, M.K. Road, Mumbai-400 020 Mumbai-400 030 (Appellant) (Respondent) Pan No. Aaac11747H Assessee By : Shri Yogesh Thar & Ms. Ayushi Modani, Ars Revenue By : Shri Dr. Kishor Dhule, Cit Dr Date Of Hearing: 29.05.2023 Date Of Pronouncement : 12.06.2023

For Appellant: Shri Yogesh Thar &For Respondent: Shri Dr. Kishor Dhule, CIT DR
Section 115JSection 143

…ITA Nos. 84 & 351/Mum/2023 M/s Grasim Industries Ltd; AY.2009-10 IN THE INCOME TAX APPELLATE TRIBUNAL “G” BENCH, MUMBAI BEFORE SHRI PRASHANT MAHARISHI, AM AND SHRI KULDIP SINGH, JM M/s Grasim Industries Ltd. Dy. Commissioner of Income-tax (Successor to Aditya Birla Central Circle 1(4), Nuvo Ltd0 9th For, 902, Pratishtha Bhavan, Aditya Birla Centre, A0Wing, Vs. Old C.G.O. Bldg., (Annexe), 2nd Floor, Ahire Marg, Worli, M.K. Road, Mumbai-400 020 Mumbai-400 030 (Appellant) (Respondent) PAN No. AAAC11747H M/s Grasim Industries Ltd. Dy. Commissioner of Income-tax (Successor to Aditya Birla Central Circle 1(4), Nuvo Ltd…

Manali Petrochemicals Ltd., Chennai vs. DCIT Ltu-1, Chennai

In the result, appeal filed by the assessee is partly allowed

ITA 3203/CHNY/2017[2013-14]Status: DisposedITAT Chennai10 May 2023AY 2013-14

Bench: Shri V. Durga Rao, Hon’Ble & Shri Manjunatha. G, Hon’Bleआयकर अपील सं./Ita No.: 3203/Chny/2017 िनधा"रण वष" / Assessment Year: 2013-14 M/S. Manali Petrochemical Ltd. The Deputy Commissioner Of Ponneri High Road, Manali, V. Income-Tax (Ltu-Appeals)-1, Chennai – 600 068. Chennai – 600 068. [Pan: Aaacm-3404-D] (अपीलाथ"/Appellant) (""यथ"/Respondent) : Shri. R. Vijayaraghavan, Advocate अपीलाथ" क" ओर से/Appellant By ""यथ" क" ओर से/Respondent By : Shri. P. Sajit Kumar, Jcit सुनवाई क" तारीख/Date Of Hearing : 27.02.2023 घोषणा क" तारीख/Date Of Pronouncement : 10.05.2023 आदेश /O R D E R

For Respondent: Shri. P. Sajit Kumar, JCIT
Section 115Section 115JSection 143(3)Section 144C(5)Section 14ASection 80

…Ltd & Others – 306 ITR 392 (SC) 2. CIT vs Chaphalkar Brokers Pune – 300 CTR 113 (SC) 3. PCIT vs Chemplast Sanmar – TCA No 525 of 2021 dated 25.11.2021 4. DCIT vs Haldex India Pvt Ltd – ITA No. 852/Pune/2019 dasted 19.05.2022 5. CIT vs GLoster Jute Mills Ltd 0 416 ITR 458 (Cal) 6. Deepak Spinners Ltd vs DCIT – ITA No. 2055/Kol/2018 dated 12.06.2018. 6. The ld. Senior AR, P. Sajit Kumar, JCIT, supporting the order of the DRP submitted that, in order to decide the nature of subsidy, whether it is capital or revenue the object of the subsidy scheme is to be seen. Further, if subsidy is given to the tax payer to run t…

ACIT 3(1)(2), Mumbai vs. Hikal Ltd, Mumbai

In the result, the appeal filed by the revenue is dismissed

ITA 3517/MUM/2017[2008-09]Status: DisposedITAT Mumbai25 Jan 2023AY 2008-09

Bench: Shri Prashant Maharish & Pavan Kumar Gadaleacit – 3(1)(2), Vs. M/S Hikal Ltd Room No. 607, 6Th Floor 717/718, Maker Aayakar Bhavan, Chambers V, Mumbai – 400020. Nariman Point, Mumbai – 400021. "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaach0383A Appellant .. Respondent Appellant By : Smt .Madhumalti Gosh.Cit Dr Respondent By : Sri.Sanjay Parikh.Ar Date Of Hearing 16.11.2022 Date Of Pronouncement 25.01.2023 आदेश / O R D E R Per Pavan Kumar Gadale Jm: The Revenue Has Filed The Appeal Against The Order Of The Commissioner Of Income Tax (Appeals)-8, Mumbai, Passed U/S 154 & 250 Of The Act. The Revenue Has Raised The Following Grounds Of Appeal:

For Appellant: Smt .Madhumalti Gosh.CIT DRFor Respondent: Sri.Sanjay Parikh.AR
Section 10(34)Section 115JSection 143(1)Section 143(2)Section 14ASection 154

…d to: Apollo Tyres Ltd. v. CIT [2002] 255 ITR 273 (SC) (paras 12,30) Hikal Ltd.Mumbai. CIT v. Britannia Industries Ltd. [2017] 396 ITR 677 (Cal) (paras 23, 33) CIT v. Chaphalkar Brothers [2018] 400 ITR 279 (SC) (para 15) CIT v. Gloster Jute Mills Ltd. [2019] 416 ITR 458 (Cal) (para 15) CIT v. Keventer Agro Ltd. [2019] 416 ITR 482 (Cal) (para 15) CIT v. Ponni Sugars and Chemicals Ltd. [2008] 306 ITR 392 (SC) (paras 15, 24, 25, 26, 28) CIT v. Rasoi Ltd. [2011] 335 ITR 438 (Cal) (para 15, 28) CIT v. Shree Balaji Alloys [2016] 7 ITR-OL 50 (SC) (para 15) CIT (Principal) v. Shyam Steel Industries Ltd. [2018] 12 ITR-OL…

ACIT Cent. Cir 3(3), Mumbai vs. M/S. Aym Syntex Ltd, Mumbai

ITA 2550/MUM/2021[2014-15]Status: DisposedITAT Mumbai29 Sept 2022AY 2014-15

Bench: Shri Kuldip Singh () & Shri Om Prakash Kant () Assessment Year: 2013-14 M/S Aym Syntex Ltd. (Formerly Dcit-Central Circel-3(3), Known As M/S Welspun Syntex Ltd.), Air India Building Nariman 9Th Floor, B Wing, Trade World, Vs. Point, Senapati Bapat Marg, Lower Parel, Mumbai-400021. Mumbai-400013. Pan No. Aaacw 0489 L Appellant Respondent Assessment Year: 2014-15 M/S Aym Syntex Ltd. (Formerly Dcit-Central Circel-3(3), Known As M/S Welspun Syntex Ltd.), Air India Building Nariman 9Th Floor, B Wing, Trade World, Vs. Point, Senapati Bapat Marg, Lower Parel, Mumbai-400021. Mumbai-400013. Pan No. Aaacw 0489 L Appellant Respondent Assessment Year: 2014-15 Asst. Cit Cc-3(3), Central Range-3, M/S Aym Syntex Ltd., Room No. 1923, 19Th Floor, Air India 9Th Floor Trade World, Senapati Building, Nariman Point, Vs. Bapat Marg, Kmala Mills Mumbai-400021. Compound, Lower Parel, Mumbai-400011. Pan No. Aaacw 0489 L Appellant Respondent

Section 14A

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “A” MUMBAI BEFORE SHRI KULDIP SINGH (JUDICIAL MEMBER) AND SHRI OM PRAKASH KANT (ACCOUNTANT MEMBER) Assessment Year: 2013-14 M/s AYM Syntex Ltd. (formerly DCIT-Central Circel-3(3), known as M/s Welspun Syntex Ltd.), Air India Building Nariman 9th floor, B Wing, Trade World, Vs. Point, Senapati Bapat Marg, Lower Parel, Mumbai-400021. Mumbai-400013. PAN No. AAACW 0489 L Appellant Respondent Assessment Year: 2014-15 M/s AYM Syntex Ltd. (formerly DCIT-Central Circel-3(3), known as M/s Welspun Syntex Ltd.), Air India Building Nariman 9th floor, B Wing, Trade World, Vs.…

ACIT- CC -3, Mumbai vs. Aym Syntex Ltd., Mumbai

ITA 2549/MUM/2021[2015-16]Status: DisposedITAT Mumbai29 Sept 2022AY 2015-16

Bench: Shri Kuldip Singh () & Shri Om Prakash Kant () Assessment Year: 2013-14 M/S Aym Syntex Ltd. (Formerly Dcit-Central Circel-3(3), Known As M/S Welspun Syntex Ltd.), Air India Building Nariman 9Th Floor, B Wing, Trade World, Vs. Point, Senapati Bapat Marg, Lower Parel, Mumbai-400021. Mumbai-400013. Pan No. Aaacw 0489 L Appellant Respondent Assessment Year: 2014-15 M/S Aym Syntex Ltd. (Formerly Dcit-Central Circel-3(3), Known As M/S Welspun Syntex Ltd.), Air India Building Nariman 9Th Floor, B Wing, Trade World, Vs. Point, Senapati Bapat Marg, Lower Parel, Mumbai-400021. Mumbai-400013. Pan No. Aaacw 0489 L Appellant Respondent Assessment Year: 2014-15 Asst. Cit Cc-3(3), Central Range-3, M/S Aym Syntex Ltd., Room No. 1923, 19Th Floor, Air India 9Th Floor Trade World, Senapati Building, Nariman Point, Vs. Bapat Marg, Kmala Mills Mumbai-400021. Compound, Lower Parel, Mumbai-400011. Pan No. Aaacw 0489 L Appellant Respondent

Section 14A

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “A” MUMBAI BEFORE SHRI KULDIP SINGH (JUDICIAL MEMBER) AND SHRI OM PRAKASH KANT (ACCOUNTANT MEMBER) Assessment Year: 2013-14 M/s AYM Syntex Ltd. (formerly DCIT-Central Circel-3(3), known as M/s Welspun Syntex Ltd.), Air India Building Nariman 9th floor, B Wing, Trade World, Vs. Point, Senapati Bapat Marg, Lower Parel, Mumbai-400021. Mumbai-400013. PAN No. AAACW 0489 L Appellant Respondent Assessment Year: 2014-15 M/s AYM Syntex Ltd. (formerly DCIT-Central Circel-3(3), known as M/s Welspun Syntex Ltd.), Air India Building Nariman 9th floor, B Wing, Trade World, Vs.…

Aym Syntex Ltd. (Formerly Known As M/S. Welspun Syntex Ltd.), Mumbai vs. DCIT- CC- 3(4), Mumbai

ITA 2342/MUM/2021[2015-16]Status: DisposedITAT Mumbai29 Sept 2022AY 2015-16

Bench: Shri Kuldip Singh () & Shri Om Prakash Kant () Assessment Year: 2013-14 M/S Aym Syntex Ltd. (Formerly Dcit-Central Circel-3(3), Known As M/S Welspun Syntex Ltd.), Air India Building Nariman 9Th Floor, B Wing, Trade World, Vs. Point, Senapati Bapat Marg, Lower Parel, Mumbai-400021. Mumbai-400013. Pan No. Aaacw 0489 L Appellant Respondent Assessment Year: 2014-15 M/S Aym Syntex Ltd. (Formerly Dcit-Central Circel-3(3), Known As M/S Welspun Syntex Ltd.), Air India Building Nariman 9Th Floor, B Wing, Trade World, Vs. Point, Senapati Bapat Marg, Lower Parel, Mumbai-400021. Mumbai-400013. Pan No. Aaacw 0489 L Appellant Respondent Assessment Year: 2014-15 Asst. Cit Cc-3(3), Central Range-3, M/S Aym Syntex Ltd., Room No. 1923, 19Th Floor, Air India 9Th Floor Trade World, Senapati Building, Nariman Point, Vs. Bapat Marg, Kmala Mills Mumbai-400021. Compound, Lower Parel, Mumbai-400011. Pan No. Aaacw 0489 L Appellant Respondent

Section 14A

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “A” MUMBAI BEFORE SHRI KULDIP SINGH (JUDICIAL MEMBER) AND SHRI OM PRAKASH KANT (ACCOUNTANT MEMBER) Assessment Year: 2013-14 M/s AYM Syntex Ltd. (formerly DCIT-Central Circel-3(3), known as M/s Welspun Syntex Ltd.), Air India Building Nariman 9th floor, B Wing, Trade World, Vs. Point, Senapati Bapat Marg, Lower Parel, Mumbai-400021. Mumbai-400013. PAN No. AAACW 0489 L Appellant Respondent Assessment Year: 2014-15 M/s AYM Syntex Ltd. (formerly DCIT-Central Circel-3(3), known as M/s Welspun Syntex Ltd.), Air India Building Nariman 9th floor, B Wing, Trade World, Vs.…

M/S. Aym Syntex Ltd (Formerly Known As M/S. Welspun Syntex Ltd, Mumbai vs. DCIT -Cent Cir-3(4), Mumbai

ITA 2341/MUM/2021[2014-15]Status: DisposedITAT Mumbai29 Sept 2022AY 2014-15

Bench: Shri Kuldip Singh () & Shri Om Prakash Kant () Assessment Year: 2013-14 M/S Aym Syntex Ltd. (Formerly Dcit-Central Circel-3(3), Known As M/S Welspun Syntex Ltd.), Air India Building Nariman 9Th Floor, B Wing, Trade World, Vs. Point, Senapati Bapat Marg, Lower Parel, Mumbai-400021. Mumbai-400013. Pan No. Aaacw 0489 L Appellant Respondent Assessment Year: 2014-15 M/S Aym Syntex Ltd. (Formerly Dcit-Central Circel-3(3), Known As M/S Welspun Syntex Ltd.), Air India Building Nariman 9Th Floor, B Wing, Trade World, Vs. Point, Senapati Bapat Marg, Lower Parel, Mumbai-400021. Mumbai-400013. Pan No. Aaacw 0489 L Appellant Respondent Assessment Year: 2014-15 Asst. Cit Cc-3(3), Central Range-3, M/S Aym Syntex Ltd., Room No. 1923, 19Th Floor, Air India 9Th Floor Trade World, Senapati Building, Nariman Point, Vs. Bapat Marg, Kmala Mills Mumbai-400021. Compound, Lower Parel, Mumbai-400011. Pan No. Aaacw 0489 L Appellant Respondent

Section 14A

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “A” MUMBAI BEFORE SHRI KULDIP SINGH (JUDICIAL MEMBER) AND SHRI OM PRAKASH KANT (ACCOUNTANT MEMBER) Assessment Year: 2013-14 M/s AYM Syntex Ltd. (formerly DCIT-Central Circel-3(3), known as M/s Welspun Syntex Ltd.), Air India Building Nariman 9th floor, B Wing, Trade World, Vs. Point, Senapati Bapat Marg, Lower Parel, Mumbai-400021. Mumbai-400013. PAN No. AAACW 0489 L Appellant Respondent Assessment Year: 2014-15 M/s AYM Syntex Ltd. (formerly DCIT-Central Circel-3(3), known as M/s Welspun Syntex Ltd.), Air India Building Nariman 9th floor, B Wing, Trade World, Vs.…