CIT v. Sham Lal Bansal

200 Taxmann 14High Court2011#2265 most cited

What is CIT v. Sham Lal Bansal authority for?

Subsidy received under the TUF Scheme is capital in nature and not chargeable to tax. The purpose of the subsidy determines whether it is on revenue or capital account.

51

judgments rely on this decision, according to BharatTax’s citation analysis of 366,339 Indian tax judgments — from 2015 to 2025.

Also referred to as

CIT v. Sham Lal Bansal · TUF subsidy · capital receipt · revenue receipt · purpose of subsidy · business income · income tax

Also reported as

11 Taxmann.com 369

Sections most often in play

Section 143(3)Section 115JBSection 14ASection 147Section 148Section 43BSection 2(24)(xviii)Section 250
Read the full judgment

Issues it is cited on

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

Judgments citing CIT v. Sham Lal Bansal

DCIT 9(3)(1), Mumbai vs. Dicitex Furnishings Ltd, Mumbai

In the result the appeal filed by the revenue is hereby

ITA 2148/MUM/2015[2011-12]Status: DisposedITAT Mumbai24 Mar 2017AY 2011-12

Bench: Shri Rajendra, Am & Shri Amarjit Singh, Jm

For Appellant: Shri Hariom Tulsiyan &For Respondent: Shri Rajguru M. V
Section 115JSection 142(1)Section 143(1)Section 143(2)

…आयकर अपीलीय अिधकरण, मुंबई "ायपीठ ‘जी’ मुंबई IN THE INCOME TAX APPELLATE TRIBUNAL “G” BENCH, MUMBAI "ी राजे", लेखा सद", एवं "ी अमरजीत िसंह, "ाियक सद", के सम" BEFORE SHRI RAJENDRA, AM AND SHRI AMARJIT SINGH, JM आयकर अपील सं/ I.T.A. No.2148/Mum/2015 & 4374/Mum/2015 (िनधा"रण वष" / Assessment Year: 2011-12 & 2012-13) बनाम/ Dy. Commissioner of M/s. Dicitex Furnishings Income Tax 9(3)(1) Ltd. Vs. 301-B, 3rd Floor, 418, Aayakar Bhavan, 4th Floor, M.K.Marg, M Building, Mumbai – 400 020 Palm Court Complex, Malad Link Road, Malad – West, "थायी लेखा सं./जीआइआर सं./PAN/GIR No. : AAACD7780R (अपीलाथ" /Appellant) (""थ" / Respon…

Manohar Processors Pvt. Ltd.(Dicitex Furnishing Pvt. Ltd.), Mumbai vs. DCIT -Range 8(2), Mumbai

In the result, the appeal filed by the Revenue for the above two assessment years are dismissed

ITA 7120/MUM/2013[2010-11]Status: DisposedITAT Mumbai15 Nov 2016AY 2010-11

Bench: Shri Joginder Singh & Shri N.K. Pradhanassessment Year: 2010-11 M/S Manohar Processors Dcit-8(2), Pvt. Ltd. (Dicitex Home बनाम/ Mumbai Furnishings Pvt. Ltd.), Vs. Shop No.2, Kakad Air Conditioner Market, Kalbadevi Road, Mumbai-400002 ("नधा"रती /Assessee) (राज"व /Revenue) P.A. No. Aaccm7535R "नधा"रती क" ओर से / Assessee By Shri Hariom Tulsyan Shri Purushottam Kumar- Dr राज"व क" ओर से / Revenue By 15/11/2016 सुनवाई क" तार"ख / Date Of Hearing : 15/11/2016 आदेश क" तार"ख /Date Of Order:

Section 143(3)

…आयकर अपील"य अ"धकरण, मुंबई "यायपीठ, बी, मुंबई । IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES “B”, MUMBAI "ी जो"ग"दर "संह, "या"यक सद"य एवं "ी एन. के. "धान, लेखा सद"य, के सम" Before Shri Joginder Singh, Judicial Member, and Shri N.K. Pradhan, Accountant Member Assessment Year: 2010-11 M/s Manohar Processors DCIT-8(2), Pvt. Ltd. (Dicitex Home बनाम/ Mumbai Furnishings Pvt. Ltd.), Vs. Shop No.2, Kakad Air Conditioner Market, Kalbadevi Road, Mumbai-400002 ("नधा"रती /Assessee) (राज"व /Revenue) P.A. No. AACCM7535R "नधा"रती क" ओर से / Assessee by Shri Hariom Tulsyan Shri Purushottam Kumar- DR राज"व क" ओर से / Reve…

DCIT 9(3)(1), Mumbai vs. Dicitex Home Furnishing Ltd, Mumbai

In the result, the appeal filed by the Revenue for the above two assessment years are dismissed

ITA 4375/MUM/2015[2012-13]Status: DisposedITAT Mumbai23 Sept 2016AY 2012-13

Bench: Shri Saktijit Dey() & Shri N.K. Pradhan () Assessment Year: 2012-13

For Appellant: Shri. Hari Om TulsianFor Respondent: Shri. Satya Pal Kumar
Section 143(3)Section 43(1)

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES “D”, MUMBAI BEFORE SHRI SAKTIJIT DEY(JUDICIAL MEMBER) AND SHRI N.K. PRADHAN (ACCOUNTANT MEMBER) Assessment Year: 2012-13 DCIT 9(3) (1) Vs. Dicitex Home Furnishing Ltd. Mumbai-400020 301-B, 3rd Floor, M. Bldg. Palm Court Complex Malad Link RD, Malad West Mumbai. PAN No. AACCM7535R (Appellant) (Respondent) Assessment Year: 2011-12 DCIT, 9(3)(1) Vs. M/s Dicitex Home Furnishing Mumbai-400020. Ltd. 306, Shop No. 2, Kakad Air Conditioner Market, Kalbadevi Road, Mumbai. PAN No. AACCM7535R (Appellant) (Respondent) Revenue by : Shri. Satya Pal Kumar Assessee by :…

DCIT 9(3)(1), Mumbai vs. Dicitex Home Furnishings Ltd, Mumbai

In the result, the appeal filed by the Revenue for the above two assessment years are dismissed

ITA 2147/MUM/2015[2011-12]Status: DisposedITAT Mumbai23 Sept 2016AY 2011-12

Bench: Shri Saktijit Dey() & Shri N.K. Pradhan () Assessment Year: 2012-13

For Appellant: Shri. Hari Om TulsianFor Respondent: Shri. Satya Pal Kumar
Section 143(3)Section 43(1)

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES “D”, MUMBAI BEFORE SHRI SAKTIJIT DEY(JUDICIAL MEMBER) AND SHRI N.K. PRADHAN (ACCOUNTANT MEMBER) Assessment Year: 2012-13 DCIT 9(3) (1) Vs. Dicitex Home Furnishing Ltd. Mumbai-400020 301-B, 3rd Floor, M. Bldg. Palm Court Complex Malad Link RD, Malad West Mumbai. PAN No. AACCM7535R (Appellant) (Respondent) Assessment Year: 2011-12 DCIT, 9(3)(1) Vs. M/s Dicitex Home Furnishing Mumbai-400020. Ltd. 306, Shop No. 2, Kakad Air Conditioner Market, Kalbadevi Road, Mumbai. PAN No. AACCM7535R (Appellant) (Respondent) Revenue by : Shri. Satya Pal Kumar Assessee by :…

Grabal Alok Impex Ltd, Mumbai vs. Addl CIT RG 6(3), Mumbai

In the result appeal of the assessee is allowed in part

ITA 1776/MUM/2015[2010-11]Status: DisposedITAT Mumbai08 Jul 2016AY 2010-11
For Appellant: Shri M.P.LohiaFor Respondent: Shri Mukundraj Chate
Section 115JSection 143(3)Section 92B

…आयकर अपीऱीय अधिकरण, म ुंबई न्यायपीठ ‘के’, म ुंबई । IN THE INCOME TAX APPELLATE TRIBUNAL “K”, BENCH MUMBAI BEFORE SHRI R.C.SHARMA, AM & SHRI AMIT SHUKLA, JM आमकय अऩीर सं./ITA No.1776/Mum/2015 (नििाारण वषा / Assessment Year :2010-2011) M/s Grabal Alok Impex Vs. ADCIT, Range-6(3), Limited Tower B, 2nd & 3rd Mumbai Floor, Peninsula Business Park, G.K.Marg, Lower Parel, Mumbai-400013 स्थामी रेखा सं./ जीआइआय सं./ PAN/GIR No. : AAACG 2733 R (अऩीराथी /Appellant) (प्रत्मथी / Respondent) .. ननधाारयती की ओर से /Assessee by : Shri M.P.Lohia & Shri Nikhil Tiwari याजस्व की ओर से /Revenue by : Shri Mukundraj Chate सुनवाई की ता…

M/S. Shivalik Prints Ltd., New Delhi vs. Addl. CIT, New Delhi

In the result, the appeal of the assessee is allowed

ITA 4698/DEL/2011[2007-08]Status: DisposedITAT Delhi05 Feb 2016AY 2007-08

Bench: Shri N.K. Saini & Shri A.T. Varkeyita No.4698/Del./2011 (Assessment Year : 2007-08) M/S. Shivalik Prints Limited, Vs. Addl.Cit, Range 8, Flat No.3931, Block C – 9, New Delhi. Vasant Kunj, New Delhi. (Pan : Aadcs6186R) (Appellant) (Respondent)

For Appellant: S/Shri Anil Chopra FCA & V.K. Garg, AdvocatesFor Respondent: Shri Sujit Kumar, Senior DR
Section 143(1)Section 143(3)

…IN THE INCOME TAX APPELLATE TRIBUNAL (DELHI BENCH ‘G’ : NEW DELHI) BEFORE SHRI N.K. SAINI, ACCOUNTANT MEMBER and SHRI A.T. VARKEY, JUDICIAL MEMBER ITA No.4698/Del./2011 (ASSESSMENT YEAR : 2007-08) M/s. Shivalik Prints Limited, vs. Addl.CIT, Range 8, Flat No.3931, Block C – 9, New Delhi. Vasant Kunj, New Delhi. (PAN : AADCS6186R) (APPELLANT) (RESPONDENT) ASSESSEE BY : S/Shri Anil Chopra FCA & V.K. Garg, Advocates REVENUE by : Shri Sujit Kumar, Senior DR O R D E R PER A.T. VARKEY, JUDICIAL MEMBER : This appeal, at the instance of the assessee, is directed against the order of the CIT (Appeals)-XI, New Delhi dat…

Svg Fashions Ltd ( Formelry Known As Deepak Suitings Ltd), Mumbai vs. DCIT 4(3), Mumbai

In the result, the appeal filed by the assessee stands allowed

ITA 4154/MUM/2012[2009-10]Status: DisposedITAT Mumbai23 Dec 2015AY 2009-10

Bench: Shri R.C.Sharma, Am & Shri Sandeep Gosain, Jm आमकय अऩीर सं./Ita No.5644/Mum/2011

For Appellant: Shri Hariom TulsyanFor Respondent: Shri Ranjeesh K. Arvind
Section 143(3)

…आयकर अपीऱीय अधिकरण, म ुंबई न्यायपीठ ‘ई’, म ुंबई । IN THE INCOME TAX APPELLATE TRIBUNAL “E”, BENCH MUMBAI BEFORE SHRI R.C.SHARMA, AM & SHRI SANDEEP GOSAIN, JM आमकय अऩीर सं./ITA No.5644/Mum/2011 ITA No.296&4154/Mum/2012 (नििाारण वषा / Assessment Year :2005-06 & 2007-08 to 2009-10) M/s SVG Fashions Ltd., Vs. DCIT-4(3), Mumbai (Formerly known as Deepak Suitings Limited), 235, Shree Venkateshwar Bhavan, 3rd Floor, Kalbadevi Road, Mumbai-400002 स्थामी रेखा सं./ जीआइआय सं./ PAN/GIR No. : AAACD 1621 K (अऩीराथी /Appellant) (प्रत्मथी / Respondent) .. ननधाारयती की ओर से /Assessee by : Shri Hariom Tulsyan याजस्व की ओर से /R…

Svg Fashions Ltd (Formelry Knwon As Deepak Suitings Ltd), Mumbai vs. DCIT 4(3), Mumbai

In the result, the appeal filed by the assessee stands allowed

ITA 296/MUM/2012[2008-09]Status: DisposedITAT Mumbai23 Dec 2015AY 2008-09

Bench: Shri R.C.Sharma, Am & Shri Sandeep Gosain, Jm आमकय अऩीर सं./Ita No.5644/Mum/2011

For Appellant: Shri Hariom TulsyanFor Respondent: Shri Ranjeesh K. Arvind
Section 143(3)

…आयकर अपीऱीय अधिकरण, म ुंबई न्यायपीठ ‘ई’, म ुंबई । IN THE INCOME TAX APPELLATE TRIBUNAL “E”, BENCH MUMBAI BEFORE SHRI R.C.SHARMA, AM & SHRI SANDEEP GOSAIN, JM आमकय अऩीर सं./ITA No.5644/Mum/2011 ITA No.296&4154/Mum/2012 (नििाारण वषा / Assessment Year :2005-06 & 2007-08 to 2009-10) M/s SVG Fashions Ltd., Vs. DCIT-4(3), Mumbai (Formerly known as Deepak Suitings Limited), 235, Shree Venkateshwar Bhavan, 3rd Floor, Kalbadevi Road, Mumbai-400002 स्थामी रेखा सं./ जीआइआय सं./ PAN/GIR No. : AAACD 1621 K (अऩीराथी /Appellant) (प्रत्मथी / Respondent) .. ननधाारयती की ओर से /Assessee by : Shri Hariom Tulsyan याजस्व की ओर से /R…

Svg Fashions Ltd (Formerly Known As Deepak Suitings Ltd), Mumbai vs. DCIT 4(3), Mumbai

In the result, the appeal filed by the assessee stands allowed

ITA 5644/MUM/2011[2005-06]Status: DisposedITAT Mumbai23 Dec 2015AY 2005-06

Bench: Shri R.C.Sharma, Am & Shri Sandeep Gosain, Jm आमकय अऩीर सं./Ita No.5644/Mum/2011

For Appellant: Shri Hariom TulsyanFor Respondent: Shri Ranjeesh K. Arvind
Section 143(3)

…आयकर अपीऱीय अधिकरण, म ुंबई न्यायपीठ ‘ई’, म ुंबई । IN THE INCOME TAX APPELLATE TRIBUNAL “E”, BENCH MUMBAI BEFORE SHRI R.C.SHARMA, AM & SHRI SANDEEP GOSAIN, JM आमकय अऩीर सं./ITA No.5644/Mum/2011 ITA No.296&4154/Mum/2012 (नििाारण वषा / Assessment Year :2005-06 & 2007-08 to 2009-10) M/s SVG Fashions Ltd., Vs. DCIT-4(3), Mumbai (Formerly known as Deepak Suitings Limited), 235, Shree Venkateshwar Bhavan, 3rd Floor, Kalbadevi Road, Mumbai-400002 स्थामी रेखा सं./ जीआइआय सं./ PAN/GIR No. : AAACD 1621 K (अऩीराथी /Appellant) (प्रत्मथी / Respondent) .. ननधाारयती की ओर से /Assessee by : Shri Hariom Tulsyan याजस्व की ओर से /R…

Aditya Birla Nuvo Ltd ( Formerly Known As Indian Rayon and Industries Ltd), Mumbai vs. Addl CIT RG 3(2), Mumbai

ITA 3703/MUM/2011[2007-08]Status: DisposedITAT Mumbai24 Nov 2015AY 2007-08
For Appellant: Shri J.D. MistriFor Respondent: Shri E. Sankaran-CIT(DR)
Section 143(3)Section 254(1)Section 43B

…आयकर आयकर अपीलीय आयकर आयकर अपीलीय अपीलीय अिधकरण अपीलीय अिधकरण अिधकरण, मुंबई अिधकरण मुंबई मुंबई ए खंडपीठ मुंबई खंडपीठ खंडपीठ खंडपीठ Income-tax Appellate Tribunal -“A”Bench Mumbai सव"ी राजे"",लेखा सद"य एवं अिमत शु"ल "याियक सद"य Before S/Sh.Rajendra,Accountant Member and Amit Shukla,Judicial Member आयकर आयकर आयकर अपील आयकर अपील अपील संसंसंसं /ITA No.3703/M/2011, िनधा"रण अपील िनधा"रण िनधा"रण वष" िनधा"रण वष" वष" /Assessment Year 2007-08) वष" Aditya Birla Nuvo Ltd. (Formerly known DCIT-LTU, as Indian Rayon and Industries Limited) World Trade Centre, 28th A4, Aditya Birla Centre, S.K. Ahire Vs. Floor, Marg, Worli, M…

Addl CIT 3(2), Mumbai vs. Aditya Birla Nuvo Ltd ( Formerly Known As Indian Rayon & Industries Ltd), Mumbai

ITA 3634/MUM/2011[2007-08]Status: DisposedITAT Mumbai24 Nov 2015AY 2007-08
For Appellant: Shri J.D. MistriFor Respondent: Shri E. Sankaran-CIT(DR)
Section 143(3)Section 254(1)Section 43B

…आयकर आयकर अपीलीय आयकर आयकर अपीलीय अपीलीय अिधकरण अपीलीय अिधकरण अिधकरण, मुंबई अिधकरण मुंबई मुंबई ए खंडपीठ मुंबई खंडपीठ खंडपीठ खंडपीठ Income-tax Appellate Tribunal -“A”Bench Mumbai सव"ी राजे"",लेखा सद"य एवं अिमत शु"ल "याियक सद"य Before S/Sh.Rajendra,Accountant Member and Amit Shukla,Judicial Member आयकर आयकर आयकर अपील आयकर अपील अपील संसंसंसं /ITA No.3703/M/2011, िनधा"रण अपील िनधा"रण िनधा"रण वष" िनधा"रण वष" वष" /Assessment Year 2007-08) वष" Aditya Birla Nuvo Ltd. (Formerly known DCIT-LTU, as Indian Rayon and Industries Limited) World Trade Centre, 28th A4, Aditya Birla Centre, S.K. Ahire Vs. Floor, Marg, Worli, M…