Pr.Commissioner of Income Tax v. Albasta Wholesale Services Ltd.

117 Taxmann.com 166Supreme Court of India2020#18780 most cited
4

judgments rely on this decision, according to BharatTax’s citation analysis of 348,607 Indian tax judgments — from 2022 to 2022.

Issues it is cited on

software technology parksection 43ainterest free advancesdisallowance of interest expenditureput to usemercantile system of accountingsection 36(1)(iii)commercial expediencydisallowance under section 14adisallowance u/s 14arevenue expenditurecapital expenditure

Judgments citing Pr.Commissioner of Income Tax v. Albasta Wholesale Services Ltd.

Tanglin Developments Limited, Bangalore vs. The Deputy Commissioner of Income Tax, Central Circle-1(3), Bangalore

In the result, assessee’s appeals are allowed

ITA 146/BANG/2021[2017-18]Status: DisposedITAT Bangalore31 Jan 2022AY 2017-18

Bench: Shri Chandra Poojari & Shri George George K.

For Appellant: Shri C Ramesh, C.AFor Respondent: Shri Jairam Raipura, CIT(DR OSD)
Section 43A

…. Ltd V. CIT, Dehradun (2010) 189 Taxman 292 (SC) ITA No.143 - 146/Bang/2021 Page 8 of 31 iv) M/s.Coffeeday Global Ltd for the A.Ys.2013-14 & 2014-15 in ITA Nos.3040 & 3041/Bang/2018. v) Pr.Commissioner of Income Tax V. Albasta Wholesale Services Ltd (2020) 117 Taxmann.com 166 (SC) vi) DCIT, Circle-13(1), New Delhi V. Nitrex Chemicals India Ltd (2015) 62 Taxmann.com 284 (Delhi-Trib) vii) India Gelatine and Chemicals Ltd V. Assistant Commissioner of Income Tax (2014) 46 Taxmann.com 282 (Gujarat) viii) Shankara Infrastructure Materials Ltd V. Assistant Commissioner of Income Tax, Circle- ore (2021) 130 Taxmann.co…

Tanglin Developments Limited, Bangalore vs. The Deputy Commissioner of Income Tax, Central Circle-1(3), Bangalore

In the result, assessee’s appeals are allowed

ITA 145/BANG/2021[2015-16]Status: DisposedITAT Bangalore31 Jan 2022AY 2015-16

Bench: Shri Chandra Poojari & Shri George George K.

For Appellant: Shri C Ramesh, C.AFor Respondent: Shri Jairam Raipura, CIT(DR OSD)
Section 43A

…. Ltd V. CIT, Dehradun (2010) 189 Taxman 292 (SC) ITA No.143 - 146/Bang/2021 Page 8 of 31 iv) M/s.Coffeeday Global Ltd for the A.Ys.2013-14 & 2014-15 in ITA Nos.3040 & 3041/Bang/2018. v) Pr.Commissioner of Income Tax V. Albasta Wholesale Services Ltd (2020) 117 Taxmann.com 166 (SC) vi) DCIT, Circle-13(1), New Delhi V. Nitrex Chemicals India Ltd (2015) 62 Taxmann.com 284 (Delhi-Trib) vii) India Gelatine and Chemicals Ltd V. Assistant Commissioner of Income Tax (2014) 46 Taxmann.com 282 (Gujarat) viii) Shankara Infrastructure Materials Ltd V. Assistant Commissioner of Income Tax, Circle- ore (2021) 130 Taxmann.co…

Tanglin Developments Limited, Bangalore vs. The Deputy Commissioner of Income Tax, Central Circle-1(3), Bangalore

In the result, assessee’s appeals are allowed

ITA 144/BANG/2021[2014-15]Status: DisposedITAT Bangalore31 Jan 2022AY 2014-15

Bench: Shri Chandra Poojari & Shri George George K.

For Appellant: Shri C Ramesh, C.AFor Respondent: Shri Jairam Raipura, CIT(DR OSD)
Section 43A

…. Ltd V. CIT, Dehradun (2010) 189 Taxman 292 (SC) ITA No.143 - 146/Bang/2021 Page 8 of 31 iv) M/s.Coffeeday Global Ltd for the A.Ys.2013-14 & 2014-15 in ITA Nos.3040 & 3041/Bang/2018. v) Pr.Commissioner of Income Tax V. Albasta Wholesale Services Ltd (2020) 117 Taxmann.com 166 (SC) vi) DCIT, Circle-13(1), New Delhi V. Nitrex Chemicals India Ltd (2015) 62 Taxmann.com 284 (Delhi-Trib) vii) India Gelatine and Chemicals Ltd V. Assistant Commissioner of Income Tax (2014) 46 Taxmann.com 282 (Gujarat) viii) Shankara Infrastructure Materials Ltd V. Assistant Commissioner of Income Tax, Circle- ore (2021) 130 Taxmann.co…

Tanglin Developments Limited, Bangalore vs. The Deputy Commissioner of Income Tax, Central Circle-1(3), Bangalore

In the result, assessee’s appeals are allowed

ITA 143/BANG/2021[2013-14]Status: DisposedITAT Bangalore31 Jan 2022AY 2013-14

Bench: Shri Chandra Poojari & Shri George George K.

For Appellant: Shri C Ramesh, C.AFor Respondent: Shri Jairam Raipura, CIT(DR OSD)
Section 43A

…. Ltd V. CIT, Dehradun (2010) 189 Taxman 292 (SC) ITA No.143 - 146/Bang/2021 Page 8 of 31 iv) M/s.Coffeeday Global Ltd for the A.Ys.2013-14 & 2014-15 in ITA Nos.3040 & 3041/Bang/2018. v) Pr.Commissioner of Income Tax V. Albasta Wholesale Services Ltd (2020) 117 Taxmann.com 166 (SC) vi) DCIT, Circle-13(1), New Delhi V. Nitrex Chemicals India Ltd (2015) 62 Taxmann.com 284 (Delhi-Trib) vii) India Gelatine and Chemicals Ltd V. Assistant Commissioner of Income Tax (2014) 46 Taxmann.com 282 (Gujarat) viii) Shankara Infrastructure Materials Ltd V. Assistant Commissioner of Income Tax, Circle- ore (2021) 130 Taxmann.co…