Solid containers ltd bombay high court
Solid containers ltd bombay high court
Addition invoking section 41 (1) unjustified in absence of any
8. The learned Departmental Representative agitating the ground no. 1 submitted that the decision of the Hon''ble Bombay High Court in case of Solid Containers Ltd. (supra) squarely covered the issue as loan taken for business purposes is written back. Thus, the learned CIT(A) has wrongly deleted the above addition. 9.
Cessation of loan liability taken for capital purposes not
M/s. Xylon Holdings Pvt. Ltd. (Bombay High Court) Appeal Number : Income Tax Appeal No. 3704 OF 2010. Date of Judgement/Order : 13/09/2012. Related Assessment Year : would not be applicable in view of the subsequent decision of this Court in the matter of Solid Containers Ltd. v. Deputy Commissioner of Income Tax reported in 308 ITR 407. In
Solid Containers Ltd.
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Solid+vs | Indian Case Law | Law | CaseMine
Solid Containers Ltd vs DCIT and another, (2009) 308 ITR 417 (Bom) and Hon''ble Supreme Court in the case of CIT vs T.V...limitation and which were written back by the assessee to the profit and loss account were to be assessed as the assessee''s income. The Held para in the case of Solid Containers Ltd vs DCIT (supra) is as...) and Solid Containers Ltd. vs DCIT,
Maharashtra General Kamgar Union, Bombay v. Solid Containers, Ltd
Maharashtra General Kamgar Union, Bombay v. Solid Containers, Ltd., And Others. Is the lockout declared by first respondent company illegal or deemed to be illegal?
Dcit Cen Cir 8(3), Mumbai vs Tranquil Homes & Holding P.Ltd
In the case of Solid Containers Ltd (supra) the issue before Honourable Bombay High Court was taxability of waiver of loan taken for trading activity in its business. The court held that assessee became richer in its trading activity by crediting such amount to profit and loss account and therefore the sum was chargeable to tax as business
Solid Containers Ltd. vs Cce Thane I on 19 July, 2018
Solid Containers Ltd. vs Cce Thane I on 19 July, 2018 Mumbai-I). M/s Solid Containers Ltd. Appellants Vyankatesh Board Mills Pvt. Ltd. Shree Laxmi & Sons Shreenath Engg. It is his
Maharashtra General Kamgar Union Bombay Vs Solid Containers Ltd
Maharashtra General Kamgar Union, Bombay Vs. Solid Containers Ltd. and Others - Court Judgment: Court: Mumbai High Court: Decided On: Jun-23-1995: Case Number: Latters Patent Appeal No. 42 of 1991 (Arising from W.P. No. 252 of 1990) Judge: A.S. Venkatachala Moorthy and ; Ashok Agarwal, JJ. Reported in: 1995(4)BomCR288; (1996)IILLJ959Bom
M/s Solid Containers Ltd., Mumbai v. Deputy
M/s Solid Containers Ltd., Mumbai v. Deputy Commissioner of Income Tax (2008) - Scope of S. 41(1) IT Act 04 March 2021 Share Bookmark. Court : Bombay High Court Brief : This case deals with the definition of the term "profits chargeable to tax" as given in the provisions of Sec. 41 (1) of the Income Tax Act, 1961. Citation : REFERENCE
Important Judgements Of The Bombay High Court (Reported
Advocate Neelam Jadav has collated all the important judgements of the Bombay High Court delivered in the period from January 2019 to February 2020. She has arranged all the judgements section-wise to aid reference. (Solid Containers Ltd v. Dy.CIT (2009) 308 ITR 417 (Bom) (HC) distinguished, CIT v. Mahindra and Mahindra Ltd (2018) 404 ITR 1
India
It may be noted that the High Courts ("HC") dealing with similar facts in the case of Iskraemeco Regent Limited v. Ramaniyam Homes (P) Ltd, (2016) 384 ITR 530 (Madras HC); Mahindra and Mahindra Limited v CIT (2003) 128, 394 (Bombay HC); Solid Containers Ltd. v. DCIT 308 ITR 417; Iskraemeco Regent Limited v. CIT (2011)196, 103(Madras HC
1 CASE LAW COMPILATION
Ltd. Delhi High Court 2012 132 28(iv) Solid Containers Ltd. Vs DCIT Bombay High Court 2008 133 28(iv) CIT v. Ramaniyam Homes P. LtdMadras High Court 2016 134 28(1) Obopay Mobile Technology India (P) Ltd. v.Dy. CIT ITAT Bangalore 2016 135 28(1) Sap Labs India (P) Ltd. v. ACIT ITAT Bangalore 2011
Greatship (India ) Ltd, Mumbai vs Dcit 5 (1) (1), Mumbai on 5
3.7 However, Ld. AO, relying upon the decision of Hon‟ble Bombay High Court in the case of Solid Containers Limited V/s DCIT (222 CTR 455; 29/08/2008) opined that the assessee advanced loans to its subsidiaries to spread its own business through subsidiaries and any profit yielded from such investments, whether by way of interest or exchange
Bombay High Court
Bombay High Court The Commissioner Of Income Tax -8 vs M/S Sulzer India Limited on 5 December, 2014 Author: S.C.Dharmadhikari Bench: S.C.Dharmadhikari ITXA.450.2013.Judgment.doc IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 450 OF 2013 WITH INCOME
Bombay High Court
Bombay High Court. Maharashtra General Kamgar vs Solid Containers Ltd. And Others on 23 June, 1995 I say that as regards the closure application the High Court admitted the writ petition of the Company. I say that the said notice of lock-out was served upon several employees as soon as they came on duty on 7-1-1986. Solid Containers
Solid Containers Ltd. v. Deputy Commissioner of Inc ome
Solid Containers Ltd. v. Deputy Commissioner of Inc ome-tax, Spl. Range-1, Mumbai HIGH COURT OF BOMBAY IT APPEAL NO. 487 OF 2005 AUGUST 29, 2008
Sh. Jai Pal Gaba, Ludhiana vs Ito, W-Iii (2), Ludhiana on 16
Aries Advertising (P) Ltd. 255 ITR 510 (Mad.) and by the Hon''ble Bombay High Court in the case of Solid Containers Ltd., (supra). He has further submitted that the decision of the Hon''ble Karnataka High Court in the case of ''CIT Vs. Compaq Electric Ltd.'' (66 DTR 38) can be applied to the facts of the present case.
Bombay High Court
Bombay High Court Maharashtra General Kamgar Union, vs Solid Containers Ltd. And Others on 23 June, 1995 Equivalent citations: 1995(4)BOMCR288, (1996)IILLJ959BOM,
Maharashtra General Kamgar Union, Bombay v Solid Containers Limited
High Court of Judicature at Bombay Judgement Cited In 1996 (1) CLR 106 1996 (2) LLJ 959 1995 (4) BCR 288 1995 (2) MAH. L. J 836, Bombay v/s Solid Containers Limited And Others Latters Patent Appeal No. 42 of 1991 (Arising from W.P. No. 252 of 1990) Decided On, 23 June 1995.
The Commissioner Of Income Tax
Bombay High Court The Commissioner Of Income Tax- 1 Mumbai vs Grindwell Norton Ltd on 5 December, 2014 Author: S.C.Dharmadhikari Bench: S.C.Dharmadhikari ITXA.450.2013.Judgment.doc IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 450 OF 2013 WITH INCOME
Dcit 2 (2), Mumbai vs Larsen & Toubro Ltd, Mumbai on 15
So far as the decision in Solid Containers Ltd. v DCIT (supra) is concerned, the counsel of the assessee submitted that the finding in this decision by the Bombay High Court is contrary to the decision of the Apex Court in Mahindra & Mahindra Ltd. (supra) and, therefore, the said decision is no longer good law.
Maharashtra General Kamgar Union v. Solid Containers Ltd
The Bombay High Court, after a thorough examination of facts and applicable laws, held that the lockout declared by Solid Containers Ltd. was legal. The court dismissed
Solid Containers Ltd. v. Deputy Commissioner of Inc ome
Solid Containers Ltd. v. Deputy Commissioner of Inc ome-tax, Spl. Range-1, Mumbai HIGH COURT OF BOMBAY IT APPEAL NO. 487 OF 2005 AUGUST 29, 2008 SWATANTER KUMAR, CJ. AND A.P. DESHPANDE, J. Counsels appeared A.R. Singh for the Appellant. Vimal Gupta for the R espondent. JUDGMENT Swatanter Kumar, CJ.
Bombay Chartered Accountant Journal
of Mohsin Rehman Penkar vs. CIT 5 before the Bombay High Court (HC), there was waiver of loan (including waiver of interest expense tide turned against the tax payer with the Bombay HC ruling in the case of Solid Containers Ltd vs.
Storage Charges akin to Rent, Require 20% TDS
CIT (TDS) Vs B. Arunkumar Trading Ltd (Bombay High Court) Introduction: In a significant judgment, the Bombay High Court addressed the applicability of Tax Deducted at Source (TDS) on storage charges in the case
solid+judgement | Indian Case Law | Law | CaseMine
The judgement of the Hon''ble High Court in the case of Solid Containers Ltd. (supra) is dated 29.08.2008 which is subsequent to the filing of return of income by the assessee on 31.10.2007 and...had contended in the Note that the impugned sum was not in the nature of a trading liability and therefore following the judgement of the Hon''ble
M/s Solid Containers Ltd., Mumbai v. Deputy
IN THE HIGH COURT OF JUDICATURE AT BOMBAY. ASHOK AGARWAL AND A.S.V. MOORTHY, JJ. Maharashtra General Kamagar Union Vs. Solid Containers Ltd. & Ors.
Solid Containers Ltd. v. Deputy Commissioner Of Income-Tax
Get free access to the complete judgment in Solid Containers Ltd. v. Deputy Commissioner Of Income-Tax And Another on CaseMine.
Bombay Gas Co. Ltd, Mumbai vs Department Of Income Tax
The reliance was also placed on the decision of the Tribunal in Schenectady Specialities Asia (P) Ltd V/s ACIT (2009) 29 SOT 1 (Mum) and the decision of the Hon''ble ITA No.646/Mum/2009 17 ITA No.1188/Mum/2009 (Assessment Years: 2004-05) Bombay High Court in the case of Solid Containers Ltd. V/s DCIT & Anr (2009) 308 ITR 417 (Bom). He, therefore
solid+containers | Indian Case Law | Law | CaseMine
On appeal, simi lar submissions...aside. As far as conf irmation of addition on account of capital waiver is concerned, the same has been done on the basis of decision of Hon''ble Bombay High Court in case of Solid Containers Ltd...& Anr. v. Compaq Electric Ltd. (supra) and Hon''ble Bombay High Court in case of Solid Containers Ltd. (supra).9. In
Waiver of loans: accounting treatment and tax implications
The same test was also applied by Hon''ble High Court of Bombay in its subsequent decision in the case of Solid Containers Ltd. v. DCIT (2009) 308 ITR 417. IT APPEAL NO. 1692 OF 2017, Hon''ble Bombay High Court held that the very first condition of Section 28(iv) of the IT Act which says that any benefit or perquisite arising from the
SOLID CONTAINERS LTD Vs. DEPUTY COMMISSIONER OF
SOLID CONTAINERS LTD Vs. DEPUTY COMMISSIONER OF INCOME TAX - HIGH COURT OF BOMBAY - August 29, 2008 HIGH COURT OF BOMBAY. Decided on August 29,2008 Solid Containers Ltd Appellant. VERSUS DEPUTY COMMISSIONER OF INCOME TAX Respondents. Referred Judgements :-COMMISSIONER OF INCOME TAX MADURAI VS. T V SUNDARAM
Expo Gas Containers Ltd, Mumbai vs Cit -6, Mumbai on 27
The Hon''ble Bombay High Court in the case of Solid Containers Ltd. 308 ITR 417 after elaborate discussion and considering the decision of Hon''ble Apex Court in CIT vs. Sundaram Iyergar and Sons Ltd. 222 ITR 344 (SC) concluded that if the bank loan is taken by the assessee for trading activity and ultimately waived by the bank, and ultimately
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