“Section 41(3)”

COLGATE PALMOLIVE (INDIA) LIMITED ,MUMBAI vs. PRINCIPAL COMMISSIONER OF INCOME TAX -6, MUMBAI

In the result, appeal of the assessee is allowed

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

Expenses allocable to 4,09,562 Income from House Property Municipal Tax allocable to 11,70,880 Income from House Property Income under section 41(3) 30,502 – Sale of RTC asset Employee Stock Option 9,41,63,548 debited to P&L – IND AS adjustment Disallowance under section

DCIT CIR 7(1), MUMBAI vs. NOVARTIS INDIA LTD, MUMBAI

In the result, all the appeals of assessee and revenue and the cross objections of the assessee are partly allowed in the aforesaid terms

Bench: Justice (Retd.) C V Bhadang, Hon’Ble & Shri B R Baskaran, Hon’Ble

IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES “B”, MUMBAI Before Justice (Retd.) C V Bhadang, Hon’ble President & Shri

DCIT CIR 7(1), MUMBAI vs. NOVARTIS INDIA LTD, MUMBAI

In the result, all the appeals of assessee and revenue and the cross objections of the assessee are partly allowed in the aforesaid terms

Bench: Justice (Retd.) C V Bhadang, Hon’Ble & Shri B R Baskaran, Hon’Ble

IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES “B”, MUMBAI Before Justice (Retd.) C V Bhadang, Hon’ble President & Shri

NOVARTIS INDIA LTD,MUMBAI vs. ADDL CIT 7(1), MUMBAI

In the result, all the appeals of assessee and revenue and the cross objections of the assessee are partly allowed in the aforesaid terms

Bench: Justice (Retd.) C V Bhadang, Hon’Ble & Shri B R Baskaran, Hon’Ble

IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES “B”, MUMBAI Before Justice (Retd.) C V Bhadang, Hon’ble President & Shri

NOVARTIS INDIA LTD,MUMBAI vs. ADDL CIT 7(1), MUMBAI

In the result, all the appeals of assessee and revenue and the cross objections of the assessee are partly allowed in the aforesaid terms

Bench: Justice (Retd.) C V Bhadang, Hon’Ble & Shri B R Baskaran, Hon’Ble

IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES “B”, MUMBAI Before Justice (Retd.) C V Bhadang, Hon’ble President & Shri

ACIT CIR 7(1), MUMBAI vs. NOVARTIS INDIA LTD, MUMBAI

In the result, all the appeals of assessee and revenue and the cross\nobjections of the assessee are partly allowed in the aforesaid terms

{ "clean_text": "IN THE INCOME TAX APPELLATE TRIBUNAL\nMUMBAI BENCHES “B”, MUMBAI\n\nBefore Justice (Retd.) C V Bhadang, Hon

NOVARTIS INDIA LTD,MUMBAI vs. ASST CIT 7(1), MUMBAI

In the result, all the appeals of assessee and revenue and the cross objections of the assessee are partly allowed in the aforesaid terms

Bench: Justice (Retd.) C V Bhadang, Hon’Ble & Shri B R Baskaran, Hon’Ble

IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES “B”, MUMBAI Before Justice (Retd.) C V Bhadang, Hon’ble President & Shri

COLGATE-PALMOLIVE (INDIA) LIMITED ,MUMBAI vs. PRINCIPLE COMMISSIONER OF INCOME TAX -6, MUMBAI

In the result, appeal of the assessee is allowed

nExpenses allocable to Income from House Property\n359,109\nMunicipal Tax allocable to Income from House Property\n1,170,880\nIncome under section 41(3) - Sale of RTC asset\n55,556\nEmployee Stock Option debited to P&L - IND AS adjustment\n88,569,795\nDisallowance under section

NOVARTIS INDIA LTD,MUMBAI vs. ASST CIT 7(1), MUMBAI

claims realized, Scrap sales income, cash\ndiscount, exchange gains, other miscellaneous write\nback of liabilities, discounts, etc, cost of services recovered,\nProfit under Section 41(3) on sale of R & D assets while\nworking out the 'profits of the business'. We find The\nHon'ble Tribunal in ITA No.6832 & 6772/Mum/2010

ACIT CIR 7(1), MUMBAI vs. NOVARTIS INDIA ( FORMELRY KNOWN AS HINDUSTAN CIBA GIEGY LTD), MUMBAI

In the result, (i) the appeal filed by the assessee is partly allowed for statistical purpose (ii) the appeal filed by the revenue is dismissed and (iii) the Cross Objections filed by the assessee ...

Bench: Pavan Kumar Gadale & Shri Girish Agrawal & Co 76/Mum/2013 (A.Y 2003-04) Novartis India Limited Vs. Deputy Commissioner Of Income–Tax–14(1)(1) Inspire Bkc, 7Th Floor, Room No 432, Bandra Kurla Complex, Aaykar Bhawan, Bandra (E) M.K. Marg, Mumbai-400051. Mumbai-400020. Pan/Gir No. Aaach2914F (अपीलाथ"/Appellant) (""यथ"/Respondent) Deputy Commissioner Vs. Novartis India Limited Of Income–Tax–14(1)(1) Inspire Bkc, 7Th Floor, Room No 432, Bandra Kurla Complex, Aaykar Bhawan, Bandra (E) M.K. Marg, Mumbai-400051 Mumbai-400020 Pan/Gir No. Aaach2914F (अपीलाथ"/Appellant (""यथ"/Respondent)

claims realized, Scrap sales income, cash discount, exchange gains, other miscellaneous write back of liabilities, discounts, etc, cost of services recovered, Profit under Section 41(3) on sale of R & D assets while working out the 'profits of the business' (b) Without prejudice, it is submitted that ... claims realized, Scrap sales income, cash discount, exchange gains, other miscellaneous write back of liabilities, discounts, etc, cost of services recovered, Profit under Section 41(3) on sale of R & D assets while working out the 'profits of the business'. We find The Hon’ble Tribunal in ITA No.6832 & 6772/Mum/2010