WebMay 20, 2010 · The Tax Department relied on the decisions of the Supreme Court in the case of Transmission Corporation and CIT v. Eli Lilly and Co. India (P) Ltd [2009] 312 ITR 225 (SC) to contend that the deduction of tax is tentative only and is subject to the assessment in the case of the deductee. WebOn further appeal, the Mumbai Bench of the Income-tax Appellate Tribunal (Mumbai ITAT) held that loan was connected with the business of the taxpayer and therefore the benefit arose out of the 3Mahindra & Mahindra Ltd. v. CIT [2024] 404 ITR 1 (SC) 4 Essar Shipping Limited v. CIT [2024] 117 taxmann.com 389 (Bom HC)
If the payment was made before the due date of filing of the …
WebJan 25, 2024 · The assessee company has received interest free advance/loan from the M/s checkmate Services Pvt Ltd. in which both the directors of the assessee company have more than 10% holding and voting power. Further, as per balance sheet of M/s Checkmate Services Pvt Ltd. it is found that the said company has huge accumulated profit. WebSep 7, 2012 · Checkmate Services Pvt.Ltd. On the facts and in the circumstances of the case and in law, the Ld. CIT (Appeals) erred in deleting the addition u/s.36 (l) (va) of Rs.1,96,78,184/- on account of disallowance of employees contribution towards PF and ESIC paid beyond due date, without appreciating that as per the provisions of section 36 … select into internal table abap
Checkmate Services P Ltd vs Commissioner Of Income Tax …
WebCourt in Checkmate Services (P.) Ltd. (supra), we find no infirmity in the impugned order passed by the learned CIT(A). As a result, ground No. 1 raised in assessee’s appeal is dismissed. 11. The issue arising in ground no.2, pertains to levy of interest under section 234C of the Act, which is consequential in nature. Webbehalf of the taxpayer was not in the nature of deemed dividend as it was a business transaction. Further payment received from sister concern for issue of debenture was not taxable as dividend. _____ 6 Miss P. Sarda v.CIT[1986]29ITR444 (SC) 7 Bagmane Constructions Pvt. Ltd. v. CIT (ITA No. 473/2013, 474/2013, WebCheckmate Services P Ltd vs Commissioner Of Income Tax-I on 12 October, 2024. Author: Hon'Ble The Justice. Bench: Hon'Ble The Justice, Ajay Rastogi, S. Ravindra … select into insert into パフォーマンス