DABUR INDIA LIMITED vs. COMMISSIONER OF INCOME TAX,
The appeals are dismissed
ITA/579/2007HC Delhi01 Sept 2008
Bench: We Consider The Submissions Made In Support Of The Appeal The Following Facts Require To Be Noted:- 2.1 The Assessee Is In The Business Of Manufacturing Herbal Products & Cosmetics. On 30.11.2000 Assessee Filed Its Return For Assessment Year 2000-01 Wherein, It Declared An Income Of Rs 12,15,25,093/-. On 10.5.2001 The Return Was Processed Under Section 143(1)(A) Of The Act As The Returned Income. However, Notices Were Issued Under Section 143(2) Of The Act. 2.2 In Response To The Aforesaid Notices, Hearing Was Attended By An Authorized Representative Before The Assessing Officer. 2008:Dhc:2521
For Respondent: Mr R. D.Jolly
Section 143(1)(a)Section 143(2)Section 260ASection 32Section 34Section 80Section 80I
house property
(D) – Profits and gains of business or profession
(E) – Capital gains
(F)- Income from other sources.
9.4
In the instant case, we are concerned with “profits and
gains of business or profession”. Section 28 of the Act
provides that, amongst others, income from “profits and gains
of business or profession” which was carried on by the assessee
during
