Mahindra & Mahindra Limited v. DCIT

24 Taxmann.com 267Reported decision2012#5622 most cited

What is Mahindra & Mahindra Limited v. DCIT authority for?

Interest paid on debentures until their conversion into shares is considered interest on borrowed money and is subject to TDS provisions. Such interest cannot be treated as dividend.

21

judgments rely on this decision, according to BharatTax’s citation analysis of 366,314 Indian tax judgments — from 2017 to 2025.

Also referred to as

Mahindra & Mahindra Limited v. DCIT · Section 143(3) · Section 194H · Section 115A · CCDs · interest on debentures · TDS on interest · conversion of debentures to shares · dividend · borrowed money

Also reported as

307 ITR 40

Sections most often in play

Section 143(3)Section 115A(1)(a)(BA)(ii)Section 115ADSection 144CSection 144C(13)Section 153(2)Section 194HSection 194LD

Issues it is cited on

purposive interpretationassociated enterprisesassociated enterprisesection 40(a)capital expendituresection 40section 115section 153section 11section 15section 13prescribed

Judgments citing Mahindra & Mahindra Limited v. DCIT

Take Solutions Limited, Chennai vs. ACIT, Chennai

In the result, the assessee’s appeal is partly allowed

ITA 175/CHNY/2017[2012-13]Status: DisposedITAT Chennai05 Dec 2017AY 2012-13

Bench: Shri N.R.S. Ganesan & Shri S. Jayaraman

For Appellant: Shri Sivaraman, AdvocateFor Respondent: Shri. G.M. Doss, CIT
Section 143(3)Section 92B

…आयकरअपील"यअ"धकरण ,’डी’ "यायपीठ,चे"नई IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, CHENNAI "ी एन.आर.एस. गणेशन, "या"यक सद"य एवं"ी एस जयरामन, लेखा सद"य केसम$ BEFORE SHRI N.R.S. GANESAN, JUDICIAL MEMBER AND SHRI S. JAYARAMAN, ACCOUNTANT MEMBER आयकर अपील सं/.I.T.A. No. 175/Mds/2017 "नधा"रण वष"/Assessment Year : 2012-13 TAKE Solutions Limited, Assistant Commissioner of Income No. 27, Tank Band Road, Vs. Tax, Nungambakkam, Corporate Circle 3(1), Chennai – 600 034. Chennai – 600 034. [PAN: AABCT 3684M] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ&क'ओरसे/Appellant by : Shri Sivaraman, Advocate *+यथ&क'ओरसे/Responden…