DCIT 8(2), MUMBAI vs. MONSANTO INDIA LTD, MUMBAI

The appeal of the assessee is partly allowed, that of the Revenue is dismissed

gain as ‘business income’. Accordingly, Ground of appeal No.6 is dismissed. 13. The next issue in the Cross-appeals is in relation to disallowance u/s. 14A of the Act. In this context, brief facts are that the assessee- company had earned dividend income of Rs. 9,29,39,466/-, which was claimed exempt

MONSANTO INDIA LTD,MUMBAI vs. DCIT RG 8(2), MUMBAI

The appeal of the assessee is partly allowed, that of the Revenue is dismissed

gain as ‘business income’. Accordingly, Ground of appeal No.6 is dismissed. 13. The next issue in the Cross-appeals is in relation to disallowance u/s. 14A of the Act. In this context, brief facts are that the assessee- company had earned dividend income of Rs. 9,29,39,466/-, which was claimed exempt

GRASIM INDUSTRIES LTD ( CORPORATE FINANCE DIVISION),MUMBAI vs. ADDL CIT RG 6(3), MUMBAI

Bench: the CIT(A). The CIT(A) partly allowed the appeal preferred by the Assessee vide order, dated 18/05/2009. 4. Not being satisfied with the relief granted by the Id. CIT(A), the Assessee has preferred appeal before this Tribunal. The Revenue has also filed cross-appeal challenging the relief granted by the Id. CIT(A).

Section 43B of the Act was inserted by the Finance Act, 1987 with effect from 01/04/1988. The First Proviso made it clear that Section 43B shall not apply in relation to any sum which is actually paid by the assessee in the next accounting year if it is paid on or before the due date for furnishing the return

ADITYA BIRLA SUN LIFE AMC LIMITED,MAHARASHTRA vs. THE DEPUTY COMMISSIONER OF INCOME TAX-CIRCLE 6(1)(1), MAHARASHTRA

section 43B, computation of capital gains, grant of credit for tax deducted at source, and levy of interest under sections