MERCEDES - BENZ INDIA PVT. LTD.,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX,
In the result, appeal of the assessee is partly allowed for statistical purposes
ITA 1865/PUN/2013[1999-2000]Status: DisposedITAT Pune01 Aug 2019AY 1999-2000
Bench: Shri D. Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर अऩीऱ सं./ Ita No. 1865/Pun/2013 यनधाारण वषा / Assessment Year : 1999-2000 Mercedes Benz India Private Limited. ( Formerly Known As Daimler Chrysler India Private Limited) E-3, Midc Chakan, Phase-Iii, Chakan Industrial Area, Kuruli & Nighoje, Tal : Khed, Pune-410 501. Pan : Aabcm 1789L .......अऩीऱाथी / Appellant बनाम / V/S. The Deputy Commissioner Of Income Tax, Circle-9, Pune. ……प्रत्यथी / Respondent
For Appellant: Shri Percy Pardiwala &For Respondent: Shri S. B. Prasad
Section 35A
depreciation on the intangible assets, such as know-how acquired on or after
01-04-1998. He submitted that the MB India issued shares in lieu of genuine pre-existing debt and the same should be considered for consideration in cash. In this regard, he submitted that, as per the Company Law provisions, the issue of shares against a genuine
