IPCA LABORATORIES LTD,MUMBAI vs. ASST CIT (LTU), MUMBAI

In the result, appeal filed by the learned assessing officer is dismissed

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

Section 80 IB of the act – Piparia [ Silvasa] Unit Both the CIT (A) and the AO erred in not considering income of ₹ 5,66,861 /– being sale of empty containers as profit of industrial undertaking for the purposes of deduction u/s 80 IB. The appellant submits that the sale of empty containers are directly related to the profits Ipca Laboratories

IPCA LABORATORIES LTD,MUMBAI vs. DCIT (LTU), MUMBAI

In the result, appeal filed by the learned assessing officer is dismissed

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

Section 80 IB of the act – Piparia [ Silvasa] Unit Both the CIT (A) and the AO erred in not considering income of ₹ 5,66,861 /– being sale of empty containers as profit of industrial undertaking for the purposes of deduction u/s 80 IB. The appellant submits that the sale of empty containers are directly related to the profits Ipca Laboratories

ACIT CEN CIR 13, MUMBAI vs. IPCA LABORATORIES LTD, MUMBAI

In the result, appeal filed by the learned assessing officer is dismissed

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

Section 80 IB of the act – Piparia [ Silvasa] Unit Both the CIT (A) and the AO erred in not considering income of ₹ 5,66,861 /– being sale of empty containers as profit of industrial undertaking for the purposes of deduction u/s 80 IB. The appellant submits that the sale of empty containers are directly related to the profits Ipca Laboratories

DCIT CENT. CIR. 5(2), MUMBAI vs. IPCA LABORATORIES LTD., MUMBAI

In the result, appeal filed by the learned assessing officer is dismissed

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

Section 80 IB of the act – Piparia [ Silvasa] Unit Both the CIT (A) and the AO erred in not considering income of ₹ 5,66,861 /– being sale of empty containers as profit of industrial undertaking for the purposes of deduction u/s 80 IB. The appellant submits that the sale of empty containers are directly related to the profits Ipca Laboratories

IPCA LABORATORIES LTD,MUMBAI vs. DCIT LTU, MUMBAI

In the result, appeal filed by the learned assessing officer is dismissed

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

Section 80 IB of the act – Piparia [ Silvasa] Unit Both the CIT (A) and the AO erred in not considering income of ₹ 5,66,861 /– being sale of empty containers as profit of industrial undertaking for the purposes of deduction u/s 80 IB. The appellant submits that the sale of empty containers are directly related to the profits Ipca Laboratories

IPCA LABORATORIES LTD,MUMBAI vs. ACIT (LTU), MUMBAI

In the result, appeal filed by the learned assessing officer is dismissed

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

Section 80 IB of the act – Piparia [ Silvasa] Unit Both the CIT (A) and the AO erred in not considering income of ₹ 5,66,861 /– being sale of empty containers as profit of industrial undertaking for the purposes of deduction u/s 80 IB. The appellant submits that the sale of empty containers are directly related to the profits Ipca Laboratories

IPCA LABORATORIES LTD,MUMBAI vs. ASST CIT (LTU), MUMBAI

In the result, appeal filed by the learned assessing officer is dismissed

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

Section 80 IB of the act – Piparia [ Silvasa] Unit Both the CIT (A) and the AO erred in not considering income of ₹ 5,66,861 /– being sale of empty containers as profit of industrial undertaking for the purposes of deduction u/s 80 IB. The appellant submits that the sale of empty containers are directly related to the profits Ipca Laboratories

DCIT (LTU) 1, MUMBAI vs. IPCA LABORATORIES LTD, MUMBAI

In the result, appeal filed by the learned assessing officer is dismissed

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

Section 80 IB of the act – Piparia [ Silvasa] Unit Both the CIT (A) and the AO erred in not considering income of ₹ 5,66,861 /– being sale of empty containers as profit of industrial undertaking for the purposes of deduction u/s 80 IB. The appellant submits that the sale of empty containers are directly related to the profits Ipca Laboratories

IDEA CELLULAR LTD,MUMBAI vs. DCIT 3(2), MUMBAI

In the result, appeal of the Revenue in ITA No

15A) of the Indian Companies Act, 1956 defines "employee stock option" to mean 'the option given to the whole-time Directors, Officers or employees of a company, which gives such Directors, Officers or employees, the benefit or right to purchase or subscribe at a future date, the securities offered by the company at a predetermined price". In an ESOP

DCIT 3(2), MUMBAI vs. IDEA CELLULAR LTD, MUMBAI

In the result, appeal of the Revenue in ITA No

15A) of the Indian Companies Act, 1956 defines "employee stock option" to mean 'the option given to the whole-time Directors, Officers or employees of a company, which gives such Directors, Officers or employees, the benefit or right to purchase or subscribe at a future date, the securities offered by the company at a predetermined price". In an ESOP

ASST CIT 4(3), MUMBAI vs. PEOPLE INTERACTIVE (I) P.LTD, MUMBAI

Bench: Shri Shailendra Kumar Yadav & Shri Ramit Kochar

15A) of the Indian Companies Act, 1956 defines "employee stock option" to mean 'the option given to the whole-time Directors, Officers or employees of a company, which gives such Directors, Officers or employees, the benefit or right to purchase or subscribe at a future date, the securities offered by the company at a predetermined price". In an ESOP

ASST CIT 4(3), MUMBAI vs. PEOPLE INERACTIVE (I) P.LTD, MUMBAI

Bench: Shri Shailendra Kumar Yadav & Shri Ramit Kochar

15A) of the Indian Companies Act, 1956 defines "employee stock option" to mean 'the option given to the whole-time Directors, Officers or employees of a company, which gives such Directors, Officers or employees, the benefit or right to purchase or subscribe at a future date, the securities offered by the company at a predetermined price". In an ESOP

PEOPLE INTERACTIVE (I) P.LTD,MUMBAI vs. ASST CIT 4(3), MUMBAI

Bench: Shri Shailendra Kumar Yadav & Shri Ramit Kochar

15A) of the Indian Companies Act, 1956 defines "employee stock option" to mean 'the option given to the whole-time Directors, Officers or employees of a company, which gives such Directors, Officers or employees, the benefit or right to purchase or subscribe at a future date, the securities offered by the company at a predetermined price". In an ESOP

DCIT CIR. 7(3)(2), MUMBAI vs. PEOPLE INTERACTIVE (I) PVT. LTD., MUMBAI

Bench: Sh. R. C. Sharma, Am & Sh. Sandeep Gosain, Jm आयकरअपीलसं./ I.T.A. No. 5132 & 5133/Mum/2016 (निर्धारणवर्ा / Assessment Year: 2010-11 &2011-12)

15A) of the Indian Companies Act, 1956 defines "employee stock option" to mean 'the option given to the whole-time Directors, Officers or employees of a company, which gives such Directors, Officers or employees, the benefit or right to purchase or subscribe at a future date, the securities offered by the company at a predetermined price". In an ESOP

STRIDES PHARMA SCIENCE LIMITED,MUMBAI vs. INCOME TAX OFFICER, 15(3)(2),, MUMBAI

In the result, the appeal of the assessee is partly allowed

15A) of the Companies Act, 1956 defines 'employees stock option' to mean\noption given to the whole time directors, officers or the employees of the cсоmраnу,\nअधिकत\nINCOME TAX APPELLATE TROU\nPage 8\nITA No. 5721/Mum/2024\nΑ.Υ. 2020-21\nStrides Pharma Science Limited\nwhich gives such directors, officers or employees, the benefit or right to purchase or\nsubscribe

CONCENTRIX SERVICES INDIA PRIVATE LIMITED (FORMERLY KNOWN AS MINACS PRIVATE LIMITED, MINACS LIMITED & ADITY BIRLA MINACS WORLDWIDE LIMITED ),MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX-10(2)(2), MUMBAI

15A) of the Companies Act, 1956 defines 'employees stock option' to mean option given to the whole time directors, officers or the employees of the company, which gives such directors, officers or employees, the benefit or right to purchase or subscribe at a future rate the securities offered by a company at a free determined price. In an ESOP

CONCENTRIX SERVICES INDIA PRIVATE LIMITED (FORMERLY KNOWN AS MINACS PRIVATE LIMITED, MINACS LIMITED & ADITY BIRLA MINACS WORLDWIDE LIMITED ),MUMBAI vs. JOINT COMMISSIONER OF IT (OSD)10(2)(2)ASSISTANT COMMISSIONER OF INCOME TAX-9(2)(2), MUMBAI

15A) of the Companies Act, 1956 defines 'employees stock option' to mean option given to the whole time directors, officers or the employees of the company, which gives such directors, officers or employees, the benefit or right to purchase or subscribe at a future rate the securities offered by a company at a free determined price. In an ESOP

M/S. CALYON BANK (FORMERLY CREDIT AGRICOLE INDUSUER),MUMBAI vs. DDIT (I.T) 1(2), MUMBAI

In the result, the appeal, as filed by the department is partly allowed

Bench: Shri R.S. Syal & Shri Vivek Varma

15A of the Income Tax Act, 1961. Similarly, with effect from 1.6.97, as per section 1150, domestic company is charged to additional income tax at the rate of 10% on the amount of dividend distributed, whether out of current or accumulated profits. The dividend tax is not payable by non-resident companies, as their profits are not distribuied in India