BARMER LIGNITE MINING CO. LTD.,C-SCHEME, JAIPUR vs. DCIT, CIRCLE-6, JAIPUR, JAIPUR

Appeals of the assessee are allowed for statistical purposes in view of our detailed order (supra)

Bench: Dr. S. Seethalakshmi & Shri Gagan Goyal

35E and 37 of the Act. To substantiate our view we further rely on the judicial pronouncement of the Hon’ble Apex Court in the case of [1997] 225 ITR 802 (SC.) Madras Industrial Investment Corporation Ltd. Vs. CIT, wherein the Hon’ble Apex Court held as under: “Expenditure is not necessarily confined to the money which has been actually

DCIT, CIRCLE 6, JAIPUR, NCRB, JPR vs. BARMER LIGNITE MINING COMPANY LIMITED, UDYOG BHAWAN JAIPUR

Appeals of the assessee are allowed for statistical purposes in view of our detailed order (supra)

Bench: Dr. S. Seethalakshmi & Shri Gagan Goyal

35E and 37 of the Act. To substantiate our view we further rely on the judicial pronouncement of the Hon’ble Apex Court in the case of [1997] 225 ITR 802 (SC.) Madras Industrial Investment Corporation Ltd. Vs. CIT, wherein the Hon’ble Apex Court held as under: “Expenditure is not necessarily confined to the money which has been actually

DCIT, CIRCLE-6, JAIPUR, NCRB, JAIPUR vs. BARMER LIGNITE MINING COMPANY LIMITED, UDYOG BHAWAN, JAIPUR

Appeals of the assessee are allowed for statistical purposes in view of our detailed order (supra)

Bench: Dr. S. Seethalakshmi & Shri Gagan Goyal

35E and 37 of the Act. To substantiate our view we further rely on the judicial pronouncement of the Hon’ble Apex Court in the case of [1997] 225 ITR 802 (SC.) Madras Industrial Investment Corporation Ltd. Vs. CIT, wherein the Hon’ble Apex Court held as under: “Expenditure is not necessarily confined to the money which has been actually

DCIT, CIRCLE-6 JAIPUR, NCRB, JAIPUR vs. BARMER LIGNITE MINING COMPANY LIMITED, UDYOG BHAWAN, TILAK NAGAR JPR

Appeals of the assessee are allowed for statistical purposes in view of our detailed order (supra)

Bench: Dr. S. Seethalakshmi & Shri Gagan Goyal

35E and 37 of the Act. To substantiate our view we further rely on the judicial pronouncement of the Hon’ble Apex Court in the case of [1997] 225 ITR 802 (SC.) Madras Industrial Investment Corporation Ltd. Vs. CIT, wherein the Hon’ble Apex Court held as under: “Expenditure is not necessarily confined to the money which has been actually

DCIT, CIRCLE-6, JAIPUR, NCRB, JAIPUR vs. BARMER LIGNITE MINING COMPANY LIMITED, UDYOG BHAWAN, JAIPUR

Appeals of the assessee are allowed for statistical purposes in view of our detailed order (supra)

Bench: Dr. S. Seethalakshmi & Shri Gagan Goyal

35E and 37 of the Act. To substantiate our view we further rely on the judicial pronouncement of the Hon’ble Apex Court in the case of [1997] 225 ITR 802 (SC.) Madras Industrial Investment Corporation Ltd. Vs. CIT, wherein the Hon’ble Apex Court held as under: “Expenditure is not necessarily confined to the money which has been actually

BARMER LIGNITE MINING CO. LTD.,C-SCHEME, JAIPUR vs. DCIT, CIRCLE-6, JAIPUR

property and later sells it at profit, the gain made by the company will be\nassessable under the head “capital gains”. Similarly, if a company purchases rented house\nand gets rent, such rent will be assessable to tax under s. 22 as income from house\nproperty. Likewise, the company may have income from other sources. The company may\nalso