DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-1(3), BANGALORE vs. M/S COFFEEDAY GLOBAL LIMITED , BANGALORE
In the result, the appeals of the Revenue are partly allowed
ITA 3041/BANG/2018[2014-15]Status: DisposedITAT Bangalore24 Feb 2020AY 2014-15
Bench: S/Shri Chandra Poojari, Am & Smt. Beena Pillai, Jm Ita Nos. 3040 & 3041/Bang/2018 Assessment Years: 2013-14 & 2014-15 The Deputy Commissioner Of Vs. M/S. Coffee Day Global Limited, Income-Tax, Central Circle-1(3), No.23/2, Coffeeday Square, 3Rd Floor, C.R. Building, Vittal Mallya Road, Queen’S Road, Bengaluru-560 001. Bengaluru-560 001. [Pan: Aabca 5291P]
Section 14ASection 32(1)(iia)Section 43A
section 43A of the Act would be applicable only when an assessee has acquired any asset from a country outside India and not otherwise.
(iii) Taparia Tools Ltd V. JCIT (2015) 55 Taxmann.com 361 (SC)
The Supreme Court held that the allowability of expenditure is as per the provisions of the Act and the treatment of such expenditure
