(i) Ukhara Estate Zamindaries P. Ltd. v. CIT

120 ITR 549Supreme Court of India1979#5755 most cited
20

judgments rely on this decision, according to BharatTax’s citation analysis of 292,668 Indian tax judgments — from 2018 to 2019.

Judgments citing (i) Ukhara Estate Zamindaries P. Ltd. v. CIT

INCOME-TAX OFFICER vs. PIMPRI CHINCHWAD NEW TOWN DEVELOPMENT AUTHORITY,, PUNE

In the result, all the appeals of assessee are allowed and cross objections and appeals of Revenue are dismissed

ITA 945/PUN/2014[2005-06]Status: DisposedITAT Pune27 Jun 2019AY 2005-06

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita Nos.929 To 932/Pun/2014 यििाारण वषा / Assessment Years : 2003-04 To 2005-06 & 2008-09

For Appellant: Shri Kishore PhadkeFor Respondent: Ms Nandita Kanchan, CIT-DR
Section 143(3)

…in the agreement to suggest the modality of transfers and renewable after 99 years.” (highlight provided by us) 56. The Hon’ble High Court vide para 35 after relying on the decision of Hon'ble Supreme Court in Ukhara Estate Zamindaries (P.) Ltd. v. CIT (1979) 120 ITR 549 (SC) observed as under:- ―35. The case Ukhara Estate Zamindaries (P.) Ltd. v. CIT (1979) 120 ITR 549/2 Taxman 402 (SC) relied by the appellant, is also distinguishable from the facts of the instant case. In that case, the assessee was himself a lessee who took over the Zamindari Properties of a family for 99 years. The lease items comprised of co…

INCOME-TAX OFFICER vs. PIMPRI CHINCHWAD NEW TOWN DEVELOPMENT AUTHORITY,, PUNE

In the result, all the appeals of assessee are allowed and cross objections and appeals of Revenue are dismissed

ITA 944/PUN/2014[2004-05]Status: DisposedITAT Pune27 Jun 2019AY 2004-05

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita Nos.929 To 932/Pun/2014 यििाारण वषा / Assessment Years : 2003-04 To 2005-06 & 2008-09

For Appellant: Shri Kishore PhadkeFor Respondent: Ms Nandita Kanchan, CIT-DR
Section 143(3)

…in the agreement to suggest the modality of transfers and renewable after 99 years.” (highlight provided by us) 56. The Hon’ble High Court vide para 35 after relying on the decision of Hon'ble Supreme Court in Ukhara Estate Zamindaries (P.) Ltd. v. CIT (1979) 120 ITR 549 (SC) observed as under:- ―35. The case Ukhara Estate Zamindaries (P.) Ltd. v. CIT (1979) 120 ITR 549/2 Taxman 402 (SC) relied by the appellant, is also distinguishable from the facts of the instant case. In that case, the assessee was himself a lessee who took over the Zamindari Properties of a family for 99 years. The lease items comprised of co…

PIMPRI CHINCHWAD NEW TOWN DEVELOPMENT AUTHORITY,,PUNE vs. ASSISTANT COMMISSIONER OF INCOME-TAX,,

In the result, all the appeals of assessee are allowed and cross objections and appeals of Revenue are dismissed

ITA 932/PUN/2014[2008-09]Status: DisposedITAT Pune27 Jun 2019AY 2008-09

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita Nos.929 To 932/Pun/2014 यििाारण वषा / Assessment Years : 2003-04 To 2005-06 & 2008-09

For Appellant: Shri Kishore PhadkeFor Respondent: Ms Nandita Kanchan, CIT-DR
Section 143(3)

…in the agreement to suggest the modality of transfers and renewable after 99 years.” (highlight provided by us) 56. The Hon’ble High Court vide para 35 after relying on the decision of Hon'ble Supreme Court in Ukhara Estate Zamindaries (P.) Ltd. v. CIT (1979) 120 ITR 549 (SC) observed as under:- ―35. The case Ukhara Estate Zamindaries (P.) Ltd. v. CIT (1979) 120 ITR 549/2 Taxman 402 (SC) relied by the appellant, is also distinguishable from the facts of the instant case. In that case, the assessee was himself a lessee who took over the Zamindari Properties of a family for 99 years. The lease items comprised of co…

PIMPRI CHINCHWAD NEW TOWN DEVELOPMENT AUTHORITY,,PUNE vs. ASSISTANT COMMISSIONER OF INCOME-TAX,,

In the result, all the appeals of assessee are allowed and cross objections and appeals of Revenue are dismissed

ITA 931/PUN/2014[2005-06]Status: DisposedITAT Pune27 Jun 2019AY 2005-06

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita Nos.929 To 932/Pun/2014 यििाारण वषा / Assessment Years : 2003-04 To 2005-06 & 2008-09

For Appellant: Shri Kishore PhadkeFor Respondent: Ms Nandita Kanchan, CIT-DR
Section 143(3)

…in the agreement to suggest the modality of transfers and renewable after 99 years.” (highlight provided by us) 56. The Hon’ble High Court vide para 35 after relying on the decision of Hon'ble Supreme Court in Ukhara Estate Zamindaries (P.) Ltd. v. CIT (1979) 120 ITR 549 (SC) observed as under:- ―35. The case Ukhara Estate Zamindaries (P.) Ltd. v. CIT (1979) 120 ITR 549/2 Taxman 402 (SC) relied by the appellant, is also distinguishable from the facts of the instant case. In that case, the assessee was himself a lessee who took over the Zamindari Properties of a family for 99 years. The lease items comprised of co…

PIMPRI CHINCHWAD NEW TOWN DEVELOPMENT AUTHORITY,,PUNE vs. ASSISTANT COMMISSIONER OF INCOME-TAX,,

In the result, all the appeals of assessee are allowed and cross objections and appeals of Revenue are dismissed

ITA 930/PUN/2014[2004-05]Status: DisposedITAT Pune27 Jun 2019AY 2004-05

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita Nos.929 To 932/Pun/2014 यििाारण वषा / Assessment Years : 2003-04 To 2005-06 & 2008-09

For Appellant: Shri Kishore PhadkeFor Respondent: Ms Nandita Kanchan, CIT-DR
Section 143(3)

…in the agreement to suggest the modality of transfers and renewable after 99 years.” (highlight provided by us) 56. The Hon’ble High Court vide para 35 after relying on the decision of Hon'ble Supreme Court in Ukhara Estate Zamindaries (P.) Ltd. v. CIT (1979) 120 ITR 549 (SC) observed as under:- ―35. The case Ukhara Estate Zamindaries (P.) Ltd. v. CIT (1979) 120 ITR 549/2 Taxman 402 (SC) relied by the appellant, is also distinguishable from the facts of the instant case. In that case, the assessee was himself a lessee who took over the Zamindari Properties of a family for 99 years. The lease items comprised of co…

PIMPRI CHINCHWAD NEW TOWN DEVELOPMENT AUTHORITY,,PUNE vs. ASSISTANT COMMISSIONER OF INCOME-TAX,,

In the result, all the appeals of assessee are allowed and cross objections and appeals of Revenue are dismissed

ITA 929/PUN/2014[2003-04]Status: DisposedITAT Pune27 Jun 2019AY 2003-04

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita Nos.929 To 932/Pun/2014 यििाारण वषा / Assessment Years : 2003-04 To 2005-06 & 2008-09

For Appellant: Shri Kishore PhadkeFor Respondent: Ms Nandita Kanchan, CIT-DR
Section 143(3)

…in the agreement to suggest the modality of transfers and renewable after 99 years.” (highlight provided by us) 56. The Hon’ble High Court vide para 35 after relying on the decision of Hon'ble Supreme Court in Ukhara Estate Zamindaries (P.) Ltd. v. CIT (1979) 120 ITR 549 (SC) observed as under:- ―35. The case Ukhara Estate Zamindaries (P.) Ltd. v. CIT (1979) 120 ITR 549/2 Taxman 402 (SC) relied by the appellant, is also distinguishable from the facts of the instant case. In that case, the assessee was himself a lessee who took over the Zamindari Properties of a family for 99 years. The lease items comprised of co…

THE ACIT-3(1), INDORE vs. M/S. MADHYA PRADESH AUDYOGIK KENDRA VIKAS NIGAM (I) LTD., INDORE

In the result, the appeals filed by the assessee company –

ITA 534/IND/2016[2008-09]Status: DisposedITAT Indore21 Mar 2018AY 2008-09

Bench: Shri Kul Bharat & Shri Manish Boradआ.अ.सं /.I.T.A. No. 347 To 351/Ind/2013, 760 & 761/Ind/2014 "नधा"रण वष" // A.Ys.: 2003-04, 2004-05, 2006-07 To 2008-09, 2009-10 & 2010-11 Madhya Pradesh Audyogik Vs. Assistant Commissioner Of Kendra Vikas Nigam Income-Tax, (Indore) Limited, 3(1), Indore. Indore. अपीलाथ" /Appellant ""यथ" /Respondent "था.ले.सं./Pan: Aadcm7525Q

For Respondent: Shri Manoj Munshi

…150 :- MPAKVN AND SEZ (Indore ) & SEZ Ltd.,Indore , the same cannot be taxed as the same is in the nature of capital receipt. We rely on following” a. (1957) 32 ITR 169 (SC) Member of the board of agricultural Income-Tax v Sindhurani Chaudhurani. b.(1979) 120 ITR 549 (SC) Ukhara Estate Zamindaries (P) Ltd v CIT. We are sure that in the light of whatever is being submitted herein above, your honor will please agree with us that the land premium so collected is not an income.” 26. That from the above, it is clear that the assessee before the Assessing officer himself has stated that Land premium and other…

THE ACIT-3(1), INDORE vs. M/S. MADHYA PRADESH AUDYOGIK KENDRA VIKAS NIGAM (I) LTD., INDORE

In the result, the appeals filed by the assessee company –

ITA 533/IND/2016[2007-08]Status: DisposedITAT Indore21 Mar 2018AY 2007-08

Bench: Shri Kul Bharat & Shri Manish Boradआ.अ.सं /.I.T.A. No. 347 To 351/Ind/2013, 760 & 761/Ind/2014 "नधा"रण वष" // A.Ys.: 2003-04, 2004-05, 2006-07 To 2008-09, 2009-10 & 2010-11 Madhya Pradesh Audyogik Vs. Assistant Commissioner Of Kendra Vikas Nigam Income-Tax, (Indore) Limited, 3(1), Indore. Indore. अपीलाथ" /Appellant ""यथ" /Respondent "था.ले.सं./Pan: Aadcm7525Q

For Respondent: Shri Manoj Munshi

…150 :- MPAKVN AND SEZ (Indore ) & SEZ Ltd.,Indore , the same cannot be taxed as the same is in the nature of capital receipt. We rely on following” a. (1957) 32 ITR 169 (SC) Member of the board of agricultural Income-Tax v Sindhurani Chaudhurani. b.(1979) 120 ITR 549 (SC) Ukhara Estate Zamindaries (P) Ltd v CIT. We are sure that in the light of whatever is being submitted herein above, your honor will please agree with us that the land premium so collected is not an income.” 26. That from the above, it is clear that the assessee before the Assessing officer himself has stated that Land premium and other…

THE ACIT-3(1), INDORE vs. M/S. MADHYA PRADESH AUDYOGIK KENDRA VIKAS NIGAM (I) LTD., INDORE

In the result, the appeals filed by the assessee company –

ITA 532/IND/2016[2006-07]Status: DisposedITAT Indore21 Mar 2018AY 2006-07

Bench: Shri Kul Bharat & Shri Manish Boradआ.अ.सं /.I.T.A. No. 347 To 351/Ind/2013, 760 & 761/Ind/2014 "नधा"रण वष" // A.Ys.: 2003-04, 2004-05, 2006-07 To 2008-09, 2009-10 & 2010-11 Madhya Pradesh Audyogik Vs. Assistant Commissioner Of Kendra Vikas Nigam Income-Tax, (Indore) Limited, 3(1), Indore. Indore. अपीलाथ" /Appellant ""यथ" /Respondent "था.ले.सं./Pan: Aadcm7525Q

For Respondent: Shri Manoj Munshi

…150 :- MPAKVN AND SEZ (Indore ) & SEZ Ltd.,Indore , the same cannot be taxed as the same is in the nature of capital receipt. We rely on following” a. (1957) 32 ITR 169 (SC) Member of the board of agricultural Income-Tax v Sindhurani Chaudhurani. b.(1979) 120 ITR 549 (SC) Ukhara Estate Zamindaries (P) Ltd v CIT. We are sure that in the light of whatever is being submitted herein above, your honor will please agree with us that the land premium so collected is not an income.” 26. That from the above, it is clear that the assessee before the Assessing officer himself has stated that Land premium and other…

THE ACIT-3(1), INDORE vs. M/S. MADHYA PRADESH AUDYOGIK KENDRA VIKAS NIGAM (I) LTD., INDORE

In the result, the appeals filed by the assessee company –

ITA 531/IND/2016[2004-05]Status: DisposedITAT Indore21 Mar 2018AY 2004-05

Bench: Shri Kul Bharat & Shri Manish Boradआ.अ.सं /.I.T.A. No. 347 To 351/Ind/2013, 760 & 761/Ind/2014 "नधा"रण वष" // A.Ys.: 2003-04, 2004-05, 2006-07 To 2008-09, 2009-10 & 2010-11 Madhya Pradesh Audyogik Vs. Assistant Commissioner Of Kendra Vikas Nigam Income-Tax, (Indore) Limited, 3(1), Indore. Indore. अपीलाथ" /Appellant ""यथ" /Respondent "था.ले.सं./Pan: Aadcm7525Q

For Respondent: Shri Manoj Munshi

…150 :- MPAKVN AND SEZ (Indore ) & SEZ Ltd.,Indore , the same cannot be taxed as the same is in the nature of capital receipt. We rely on following” a. (1957) 32 ITR 169 (SC) Member of the board of agricultural Income-Tax v Sindhurani Chaudhurani. b.(1979) 120 ITR 549 (SC) Ukhara Estate Zamindaries (P) Ltd v CIT. We are sure that in the light of whatever is being submitted herein above, your honor will please agree with us that the land premium so collected is not an income.” 26. That from the above, it is clear that the assessee before the Assessing officer himself has stated that Land premium and other…

THE ACIT-3(1), INDORE vs. M/S. MADHYA PRADESH AUDYOGIK KENDRA VIKAS NIGAM (I) LTD., INDORE

In the result, the appeals filed by the assessee company –

ITA 530/IND/2016[2003-04]Status: DisposedITAT Indore21 Mar 2018AY 2003-04

Bench: Shri Kul Bharat & Shri Manish Boradआ.अ.सं /.I.T.A. No. 347 To 351/Ind/2013, 760 & 761/Ind/2014 "नधा"रण वष" // A.Ys.: 2003-04, 2004-05, 2006-07 To 2008-09, 2009-10 & 2010-11 Madhya Pradesh Audyogik Vs. Assistant Commissioner Of Kendra Vikas Nigam Income-Tax, (Indore) Limited, 3(1), Indore. Indore. अपीलाथ" /Appellant ""यथ" /Respondent "था.ले.सं./Pan: Aadcm7525Q

For Respondent: Shri Manoj Munshi

…150 :- MPAKVN AND SEZ (Indore ) & SEZ Ltd.,Indore , the same cannot be taxed as the same is in the nature of capital receipt. We rely on following” a. (1957) 32 ITR 169 (SC) Member of the board of agricultural Income-Tax v Sindhurani Chaudhurani. b.(1979) 120 ITR 549 (SC) Ukhara Estate Zamindaries (P) Ltd v CIT. We are sure that in the light of whatever is being submitted herein above, your honor will please agree with us that the land premium so collected is not an income.” 26. That from the above, it is clear that the assessee before the Assessing officer himself has stated that Land premium and other…

M/S. SEZ INDORE LIMTED,INDORE vs. THE DCIT CIRCLE -3(1), INDORE

In the result, the appeals filed by the assessee company –

ITA 206/IND/2016[2010-11]Status: DisposedITAT Indore21 Mar 2018AY 2010-11

Bench: Shri Kul Bharat & Shri Manish Boradआ.अ.सं /.I.T.A. No. 347 To 351/Ind/2013, 760 & 761/Ind/2014 "नधा"रण वष" // A.Ys.: 2003-04, 2004-05, 2006-07 To 2008-09, 2009-10 & 2010-11 Madhya Pradesh Audyogik Vs. Assistant Commissioner Of Kendra Vikas Nigam Income-Tax, (Indore) Limited, 3(1), Indore. Indore. अपीलाथ" /Appellant ""यथ" /Respondent "था.ले.सं./Pan: Aadcm7525Q

For Respondent: Shri Manoj Munshi

…150 :- MPAKVN AND SEZ (Indore ) & SEZ Ltd.,Indore , the same cannot be taxed as the same is in the nature of capital receipt. We rely on following” a. (1957) 32 ITR 169 (SC) Member of the board of agricultural Income-Tax v Sindhurani Chaudhurani. b.(1979) 120 ITR 549 (SC) Ukhara Estate Zamindaries (P) Ltd v CIT. We are sure that in the light of whatever is being submitted herein above, your honor will please agree with us that the land premium so collected is not an income.” 26. That from the above, it is clear that the assessee before the Assessing officer himself has stated that Land premium and other…

M/S. SEZ INDORE LIMTED,INDORE vs. THE DCIT CIRCLE -3(1), INDORE

In the result, the appeals filed by the assessee company –

ITA 205/IND/2016[2009-10]Status: DisposedITAT Indore21 Mar 2018AY 2009-10

Bench: Shri Kul Bharat & Shri Manish Boradआ.अ.सं /.I.T.A. No. 347 To 351/Ind/2013, 760 & 761/Ind/2014 "नधा"रण वष" // A.Ys.: 2003-04, 2004-05, 2006-07 To 2008-09, 2009-10 & 2010-11 Madhya Pradesh Audyogik Vs. Assistant Commissioner Of Kendra Vikas Nigam Income-Tax, (Indore) Limited, 3(1), Indore. Indore. अपीलाथ" /Appellant ""यथ" /Respondent "था.ले.सं./Pan: Aadcm7525Q

For Respondent: Shri Manoj Munshi

…150 :- MPAKVN AND SEZ (Indore ) & SEZ Ltd.,Indore , the same cannot be taxed as the same is in the nature of capital receipt. We rely on following” a. (1957) 32 ITR 169 (SC) Member of the board of agricultural Income-Tax v Sindhurani Chaudhurani. b.(1979) 120 ITR 549 (SC) Ukhara Estate Zamindaries (P) Ltd v CIT. We are sure that in the light of whatever is being submitted herein above, your honor will please agree with us that the land premium so collected is not an income.” 26. That from the above, it is clear that the assessee before the Assessing officer himself has stated that Land premium and other…

M/S. M.P. AUDHYOGIK KENDRA VIKAS NIGAM,INDORE vs. THE DCIT 3(1), INDORE

In the result, the appeals filed by the assessee company –

ITA 761/IND/2014[2010-11]Status: DisposedITAT Indore21 Mar 2018AY 2010-11

Bench: Shri Kul Bharat & Shri Manish Boradआ.अ.सं /.I.T.A. No. 347 To 351/Ind/2013, 760 & 761/Ind/2014 "नधा"रण वष" // A.Ys.: 2003-04, 2004-05, 2006-07 To 2008-09, 2009-10 & 2010-11 Madhya Pradesh Audyogik Vs. Assistant Commissioner Of Kendra Vikas Nigam Income-Tax, (Indore) Limited, 3(1), Indore. Indore. अपीलाथ" /Appellant ""यथ" /Respondent "था.ले.सं./Pan: Aadcm7525Q

For Respondent: Shri Manoj Munshi

…150 :- MPAKVN AND SEZ (Indore ) & SEZ Ltd.,Indore , the same cannot be taxed as the same is in the nature of capital receipt. We rely on following” a. (1957) 32 ITR 169 (SC) Member of the board of agricultural Income-Tax v Sindhurani Chaudhurani. b.(1979) 120 ITR 549 (SC) Ukhara Estate Zamindaries (P) Ltd v CIT. We are sure that in the light of whatever is being submitted herein above, your honor will please agree with us that the land premium so collected is not an income.” 26. That from the above, it is clear that the assessee before the Assessing officer himself has stated that Land premium and other…

M/S. SEZ INDORE LIMITED,INDORE vs. THE CIT-I, INDORE

In the result, the appeals filed by the assessee company –

ITA 571/IND/2014[2006-07]Status: DisposedITAT Indore21 Mar 2018AY 2006-07

Bench: Shri Kul Bharat & Shri Manish Boradआ.अ.सं /.I.T.A. No. 347 To 351/Ind/2013, 760 & 761/Ind/2014 "नधा"रण वष" // A.Ys.: 2003-04, 2004-05, 2006-07 To 2008-09, 2009-10 & 2010-11 Madhya Pradesh Audyogik Vs. Assistant Commissioner Of Kendra Vikas Nigam Income-Tax, (Indore) Limited, 3(1), Indore. Indore. अपीलाथ" /Appellant ""यथ" /Respondent "था.ले.सं./Pan: Aadcm7525Q

For Respondent: Shri Manoj Munshi

…150 :- MPAKVN AND SEZ (Indore ) & SEZ Ltd.,Indore , the same cannot be taxed as the same is in the nature of capital receipt. We rely on following” a. (1957) 32 ITR 169 (SC) Member of the board of agricultural Income-Tax v Sindhurani Chaudhurani. b.(1979) 120 ITR 549 (SC) Ukhara Estate Zamindaries (P) Ltd v CIT. We are sure that in the light of whatever is being submitted herein above, your honor will please agree with us that the land premium so collected is not an income.” 26. That from the above, it is clear that the assessee before the Assessing officer himself has stated that Land premium and other…

M/S MADHYA PRADESH AUDYOGIK KENDRA VIKAS NIGAM (INDORE) LTD.,INDORE vs. THE ACIT3(1), INDORE

In the result, the appeals filed by the assessee company –

ITA 351/IND/2013[2008-09]Status: DisposedITAT Indore21 Mar 2018AY 2008-09

Bench: Shri Kul Bharat & Shri Manish Boradआ.अ.सं /.I.T.A. No. 347 To 351/Ind/2013, 760 & 761/Ind/2014 "नधा"रण वष" // A.Ys.: 2003-04, 2004-05, 2006-07 To 2008-09, 2009-10 & 2010-11 Madhya Pradesh Audyogik Vs. Assistant Commissioner Of Kendra Vikas Nigam Income-Tax, (Indore) Limited, 3(1), Indore. Indore. अपीलाथ" /Appellant ""यथ" /Respondent "था.ले.सं./Pan: Aadcm7525Q

For Respondent: Shri Manoj Munshi

…150 :- MPAKVN AND SEZ (Indore ) & SEZ Ltd.,Indore , the same cannot be taxed as the same is in the nature of capital receipt. We rely on following” a. (1957) 32 ITR 169 (SC) Member of the board of agricultural Income-Tax v Sindhurani Chaudhurani. b.(1979) 120 ITR 549 (SC) Ukhara Estate Zamindaries (P) Ltd v CIT. We are sure that in the light of whatever is being submitted herein above, your honor will please agree with us that the land premium so collected is not an income.” 26. That from the above, it is clear that the assessee before the Assessing officer himself has stated that Land premium and other…

M/S MADHYA PRADESH AUDYOGIK KENDRA VIKAS NIGAM (INDORE) LTD.,INDORE vs. THE ACIT3(1), INDORE

In the result, the appeals filed by the assessee company –

ITA 350/IND/2013[2007-08]Status: DisposedITAT Indore21 Mar 2018AY 2007-08

Bench: Shri Kul Bharat & Shri Manish Boradआ.अ.सं /.I.T.A. No. 347 To 351/Ind/2013, 760 & 761/Ind/2014 "नधा"रण वष" // A.Ys.: 2003-04, 2004-05, 2006-07 To 2008-09, 2009-10 & 2010-11 Madhya Pradesh Audyogik Vs. Assistant Commissioner Of Kendra Vikas Nigam Income-Tax, (Indore) Limited, 3(1), Indore. Indore. अपीलाथ" /Appellant ""यथ" /Respondent "था.ले.सं./Pan: Aadcm7525Q

For Respondent: Shri Manoj Munshi

…150 :- MPAKVN AND SEZ (Indore ) & SEZ Ltd.,Indore , the same cannot be taxed as the same is in the nature of capital receipt. We rely on following” a. (1957) 32 ITR 169 (SC) Member of the board of agricultural Income-Tax v Sindhurani Chaudhurani. b.(1979) 120 ITR 549 (SC) Ukhara Estate Zamindaries (P) Ltd v CIT. We are sure that in the light of whatever is being submitted herein above, your honor will please agree with us that the land premium so collected is not an income.” 26. That from the above, it is clear that the assessee before the Assessing officer himself has stated that Land premium and other…

M/S MADHYA PRADESH AUDYOGIK KENDRA VIKAS NIGAM (INDORE) LTD.,INDORE vs. THE ACIT3(1), INDORE

In the result, the appeals filed by the assessee company –

ITA 349/IND/2013[2006-07]Status: DisposedITAT Indore21 Mar 2018AY 2006-07

Bench: Shri Kul Bharat & Shri Manish Boradआ.अ.सं /.I.T.A. No. 347 To 351/Ind/2013, 760 & 761/Ind/2014 "नधा"रण वष" // A.Ys.: 2003-04, 2004-05, 2006-07 To 2008-09, 2009-10 & 2010-11 Madhya Pradesh Audyogik Vs. Assistant Commissioner Of Kendra Vikas Nigam Income-Tax, (Indore) Limited, 3(1), Indore. Indore. अपीलाथ" /Appellant ""यथ" /Respondent "था.ले.सं./Pan: Aadcm7525Q

For Respondent: Shri Manoj Munshi

…150 :- MPAKVN AND SEZ (Indore ) & SEZ Ltd.,Indore , the same cannot be taxed as the same is in the nature of capital receipt. We rely on following” a. (1957) 32 ITR 169 (SC) Member of the board of agricultural Income-Tax v Sindhurani Chaudhurani. b.(1979) 120 ITR 549 (SC) Ukhara Estate Zamindaries (P) Ltd v CIT. We are sure that in the light of whatever is being submitted herein above, your honor will please agree with us that the land premium so collected is not an income.” 26. That from the above, it is clear that the assessee before the Assessing officer himself has stated that Land premium and other…

M/S MADHYA PRADESH AUDYOGIK KENDRA VIKAS NIGAM (INDORE) LTD.,INDORE vs. THE ACIT3(1), INDORE

In the result, the appeals filed by the assessee company –

ITA 348/IND/2013[2004-05]Status: DisposedITAT Indore21 Mar 2018AY 2004-05

Bench: Shri Kul Bharat & Shri Manish Boradआ.अ.सं /.I.T.A. No. 347 To 351/Ind/2013, 760 & 761/Ind/2014 "नधा"रण वष" // A.Ys.: 2003-04, 2004-05, 2006-07 To 2008-09, 2009-10 & 2010-11 Madhya Pradesh Audyogik Vs. Assistant Commissioner Of Kendra Vikas Nigam Income-Tax, (Indore) Limited, 3(1), Indore. Indore. अपीलाथ" /Appellant ""यथ" /Respondent "था.ले.सं./Pan: Aadcm7525Q

For Respondent: Shri Manoj Munshi

…150 :- MPAKVN AND SEZ (Indore ) & SEZ Ltd.,Indore , the same cannot be taxed as the same is in the nature of capital receipt. We rely on following” a. (1957) 32 ITR 169 (SC) Member of the board of agricultural Income-Tax v Sindhurani Chaudhurani. b.(1979) 120 ITR 549 (SC) Ukhara Estate Zamindaries (P) Ltd v CIT. We are sure that in the light of whatever is being submitted herein above, your honor will please agree with us that the land premium so collected is not an income.” 26. That from the above, it is clear that the assessee before the Assessing officer himself has stated that Land premium and other…

M/S MADHYA PRADESH AUDYOGIK KENDRA VIKAS NIGAM (INDORE) LTD.,INDORE vs. THE ACIT3(1), INDORE

In the result, the appeals filed by the assessee company –

ITA 347/IND/2013[2003-04]Status: DisposedITAT Indore21 Mar 2018AY 2003-04

Bench: Shri Kul Bharat & Shri Manish Boradआ.अ.सं /.I.T.A. No. 347 To 351/Ind/2013, 760 & 761/Ind/2014 "नधा"रण वष" // A.Ys.: 2003-04, 2004-05, 2006-07 To 2008-09, 2009-10 & 2010-11 Madhya Pradesh Audyogik Vs. Assistant Commissioner Of Kendra Vikas Nigam Income-Tax, (Indore) Limited, 3(1), Indore. Indore. अपीलाथ" /Appellant ""यथ" /Respondent "था.ले.सं./Pan: Aadcm7525Q

For Respondent: Shri Manoj Munshi

…150 :- MPAKVN AND SEZ (Indore ) & SEZ Ltd.,Indore , the same cannot be taxed as the same is in the nature of capital receipt. We rely on following” a. (1957) 32 ITR 169 (SC) Member of the board of agricultural Income-Tax v Sindhurani Chaudhurani. b.(1979) 120 ITR 549 (SC) Ukhara Estate Zamindaries (P) Ltd v CIT. We are sure that in the light of whatever is being submitted herein above, your honor will please agree with us that the land premium so collected is not an income.” 26. That from the above, it is clear that the assessee before the Assessing officer himself has stated that Land premium and other…