CIT v. Sportking India Ltd.

324 ITR 283High Court2010#5337 most cited

What is CIT v. Sportking India Ltd. authority for?

Insurance compensation received for damage to stock-in-trade or raw materials is considered profit or loss from an industrial undertaking and is eligible for deduction under sections 80IA and 80IB of the Income Tax Act, 1961.

22

judgments rely on this decision, according to BharatTax’s citation analysis of 366,339 Indian tax judgments — from 2012 to 2025.

Also referred to as

CIT v. Sportking India Ltd. · 324 ITR 283 · 80IA · 80IB · insurance compensation · stock-in-trade · raw materials · industrial undertaking · deduction

Also reported as

183 Taxmann 312

Sections most often in play

Section 142(1)Section 143(1)Section 143(2)Section 80IASection 80IBSection 80ICSection 80IE
Read the full judgment

Judgments citing CIT v. Sportking India Ltd.

Pine Packaging Private Limited

ITA/656/2011HC Delhi29 Mar 2012
Section 80Section 80I

…ITA No. 656/2011 Page 1 of 21 * IN THE HIGH COURT OF DELHI AT NEW DELHI + INCOME TAX APPEAL NO. 656/2011 Reserved on: 20th January, 2012 % Date of Decision: 29th March, 2012 PINE PACKAGING PRIVATE LIMITED ...Appellant Through Dr. Rakesh Gupta, Mr. Ashwani Taneja & Ms. Rani Kiyala, Advocates. VERSUS COMMISSIONER OF INCOME TAX …..Respondent Through Mr. Anupam Tripathi, Sr. Standing Counsel & Ms. Anus…

CIT vs. Jindal Photo Ltd

ITA - 87 / 2012HC Delhi15 Feb 2012
Section 10Section 14ASection 80I

…e claim paid should be included for computing deduction under Section 80IB of the Income Tax Act, 1961 stands concluded and decided against the Revenue vide decision dated 19th August, 2009 in Commissioner of Income Tax Vs. Spotking India Ltd. (2010) 324 ITR 283 (Del.). . Learned counsel for the Revenue during the course of arguments had submitted that the CIT (Appeals) has recorded a finding that insurance claim was in respect of stock-in-trade. In case the insurance claim was . in respect of raw-material, the decision in the case of Spotking India Ltd. (supra) cannot be applied. Th…