GRASIM INDUSTRIES LIMITED (AS A SUCCESSOR TO ADITYA BIRLA NUVO LTD),MUMBAI vs. ADDL CIT LTU, MUMBAI

In the result, appeal of the Revenue is dismissed

Bench: Shri Vikas Awasthy, Jm & Ms Padmavathy S, Am

capital in nature amounting to Rs. 15,23,25,727/- (Amount is wrong in Department Appeal, actual amount = 17,81,17,446/-) 15 Erred in restricting the ALP of guarantee fees in respect of corporate guarantee given to AE to 0.5% as against 2.42% as held by AO/TPO 16. Erred in restricting ALP of performance guarantee fees

ASST CIT (LTU) 1, MUMBAI vs. GRASIM INDUSTRIES LIMITED (AS A SUCCESSOR TO ADITYA BIRLA NUVO LTD, MUMBAI

In the result, appeal of the Revenue is dismissed

Bench: Shri Vikas Awasthy, Jm & Ms Padmavathy S, Am

capital in nature amounting to Rs. 15,23,25,727/- (Amount is wrong in Department Appeal, actual amount = 17,81,17,446/-) 15 Erred in restricting the ALP of guarantee fees in respect of corporate guarantee given to AE to 0.5% as against 2.42% as held by AO/TPO 16. Erred in restricting ALP of performance guarantee fees

DCIT (LTU)-1, MUMBAI vs. ADITYA BIRLA NUVO LTD, MUMBAI

capital in\nnature\nErred in restricting the ALP of guarantee fees in respect of\ncorporate guarantee given to AE to 0.5% as against 2.42% as held\nby AO/TPO\nErred in restricting ALP of performance guarantee fees to 0.5% as\nagainst 1.74% as held by AO/TPO.\nGeneral\n2. The assessee is part of Aditya Birla Group and is engaged in various

ADITYA BIRLA NUVO LTD (SINCE AMALGAMATED WITH GRASIM INDUSTRIES LIMITED),MUMBAI vs. ASST CIT (LTU) 1, MUMBAI

capital in\nnature\nErred in restricting the ALP of guarantee fees in respect of\ncorporate guarantee given to AE to 0.5% as against 2.42% as held\nby AO/TPO\nErred in restricting ALP of performance guarantee fees to 0.5% as\nagainst 1.74% as held by AO/TPO.\nGeneral\n2. The assessee is part of Aditya Birla Group and is engaged in various

GRASIM INDUSTRIES LTD (SUCCESSOR TO ADITYA BIRLA NUVO LTD),MUMBAI vs. DY CIT CC 1 (4) , MUMBAI

In the result, appeal of the assessee for A

801C of IT. Act, 1961. The relevant finding of Hon'ble Apex Court is as under :- "Assistance by way of subsidies which are reimbursed on the incurring of costs relatable to a business, do not fall under the head "income from other sources", which is a residuary head of income that can be availed only if income does not fall

GRASIM INDUSTRIES LTD (SUCCESSOR TO ADITYA BIRLA NUVO LTD) ,MUMBAI vs. DY CIT CC 1 (4) , MUMBAI

In the result, appeal of the assessee for A

801C of IT. Act, 1961. The relevant finding of Hon'ble Apex Court is as under :- "Assistance by way of subsidies which are reimbursed on the incurring of costs relatable to a business, do not fall under the head "income from other sources", which is a residuary head of income that can be availed only if income does not fall

GRASIM INDUSTRIES LTD (SUCCESSOR TO ADITYA BIRLA NUVO LTD) ,MUMBAI vs. DY CIT CC 1 (4) , MUMBAI

In the result, appeal of the assessee for A

801C of IT. Act, 1961. The relevant finding of Hon'ble Apex Court is as under :- "Assistance by way of subsidies which are reimbursed on the incurring of costs relatable to a business, do not fall under the head "income from other sources", which is a residuary head of income that can be availed only if income does not fall

DY CIT CC 1 (4) , MUMBAI vs. M/S ADITYA BIRLA NUVO LTD (NOW MERGED EITH GRASIM INDUSTRIES LTD), MUMBAI

In the result, appeal of the assessee for A

801C of IT. Act, 1961. The relevant finding of Hon'ble Apex Court is as under :- "Assistance by way of subsidies which are reimbursed on the incurring of costs relatable to a business, do not fall under the head "income from other sources", which is a residuary head of income that can be availed only if income does not fall

DY CIT CC 1 (4), MUMBAI vs. M/S ADITYA BIRLA NUVO LTD ( NOW MERGED WITH GRASIM INDUSTRIAL LTD), MUMBAI

In the result, appeal of the assessee for A

801C of IT. Act, 1961. The relevant finding of Hon'ble Apex Court is as under :- "Assistance by way of subsidies which are reimbursed on the incurring of costs relatable to a business, do not fall under the head "income from other sources", which is a residuary head of income that can be availed only if income does not fall