M/S DABUR INDIA LTD.,,DELHI vs. ACIT, NEW DELHI

In the result appeal of the assessee is partly allowed for statistical purposes and that of the department is dismissed

Bench: Sh. N. K. Saini, Am & Sh. Sudhanshu Srivastava, Jm Ita No. 3257/Del/2013 : Asstt. Year : 2006-07 Dabur India Ltd., Vs Asstt. Commissioner Of Income 8/3, Asaf Ali Road, Tax, Central Circle-22, New Delhi New Delhi (Appellant) (Respondent) Pan No. Aaacd0474C

section 801B & 801C of the Act, 1961? 7. The appellant craves leave, to add, alter or amend any ground of appeal raised above at the time of the hearing.” 5. Ground Nos. 1 to 7 of the assessee’s appeal which are co-related and Ground Nos. 1 & 2 of the departmental appeal relate to the chargeability of the royalty

M/S. PARAMOUNT PHARMA,NEW DELHI vs. ITO, NEW DELHI

In the result, appeal of the assessee is allowed for statistical purpose

Bench: Sh. I.C. Sudhir & Sh. O.P. Kantassessment Year: 2010-11 Vs. Income Tax Officer, Ward-25(4), M/S. Paramount Pharma, 10/351, Sunder Vihar, Paschim New Delhi Vihar, New Delhi Pan :Aaifp8207F (Appellant) (Respondent) Appellant By Sh. Mukesh Kohli, Fca Respondent By Sh. F.R. Meena, Sr.Dr Date Of Hearing 23.03.2017 Date Of Pronouncement 13.04.2017 Order Per O.P. Kant, A.M.: This Appeal By The Assessee Is Directed Against Order Dated 22/04/2014 Of Learned Commissioner Of Income-Tax( Appeals)-Xxiv, New Delhi (In Short ‘The Cit-A’) For Assessment Year 2010-11 Raising Following Grounds: “1. That The Assessee Has Earned Interest Income On Fdrs & These Fdrs Are Required As Margin For Getting Foreign Letter Of Credit. Letter Of Credit Is Required For Procuring Raw Material From Foreign Suppliers. Hence There Is Direct Nexus Between The Income Earned & The Industrial Undertaking. 2. That The Assessee Was Under The Bona Fide Belief That Interest On F.D.R Was Also Eligible For Deduction U/S 801B. 3. That The Ld. Assessing Officer Had Not Considered The Tds On Interest On Fdr & Drafted The Notice Of Demand Accordingly. 4. That There Need Not Necessary Be Direct Nexus Between The Activity Of The Undertaking & Profit & Gains Assertion 80Ic Of The Income Tax Act Requires That The Profit & Should Be Derived

801B. 3. That the Ld. Assessing Officer had not considered the TDS on interest on FDR and drafted the notice of demand accordingly. 4. That there need not necessary be direct nexus between the activity of the undertaking and profit and gains assertion 80IC of the Income Tax Act requires that the profit and should be derived 2 from

DCM SHRIRAM LIMITED,DELHI vs. ASSESSMENT UNIT, DELHI

section 80 IA of the Act, the\nassessee has also made application for submission of following additional\nevidences under Rule 29 of ITAT:\na) Detailed working of enhanced deduction u/s 80-IA of the Act.\nb) Chartered engineer's certificate computing the equivalent value of\nsteam.\nc) Supplementary Form 10CCBs along with power accounts of all the\neligible plants

DCIT, NEW DELHI vs. DCM SHRIRAM LTD, NEW DELHI

section 80 IA of the Act, the\nassessee has also made application for submission of following additional\nevidences under Rule 29 of ITAT:\n\na) Detailed working of enhanced deduction u/s 80-IA of the Act.\nb) Chartered engineer's certificate computing the equivalent value of\nsteam.\nc) Supplementary Form 10CCBs along with power accounts of all the\neligible plants

DCM SHRIRAM LTD,NEW DELHI vs. ACIT, CIRCLE-7(1), NEW DELHI

section 80 IA of the Act, the\nassessee has also made application for submission of following additional\nevidence under Rule 29 of ITAT:\na) Detailed working of enhanced deduction u/s 80-IA of the Act.\nb) Chartered engineer's certificate computing the equivalent value of\nsteam.\nc) Supplementary Form 10CCBs along with power accounts of all the\neligible plants

DCM SHRIIRAM LIMITED,NEW DELHI vs. NEAC, NEW DELHI

section 80 IA of the Act, the\nassessee has also made application for submission of following additional\nevidences under Rule 29 of ITAT:\n\na) Detailed working of enhanced deduction u/s 80-IA of the Act.\nb) Chartered engineer's certificate computing the equivalent value of\nsteam.\nc) Supplementary Form 10CCBs along with power accounts of all the\neligible plants