Judgment Search Results Home > Cases Phrase: designs act 2000 chapter 4 industrial and international exhibitions Court: income tax appellate tribunal itat ahmedabad Page 2 of about 14 results (0.109 seconds)

Core Health Care Ltd. Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

..... shown to have affected the other business because out of five different businesses, three had closed down without affecting the remaining two businesses; (vi) different books of account were maintained for each business and separate p & l account and balance-sheet were prepared, in respect of each business, although ultimately the accounts were consolidated into a common account; (vii) the overall control of the board of directors, over-all ..... in vadilal dairy international's case (supra) and in grasim industries ltd 's ..... ', in which it was held that interest paid, for the period prior to commencement of production on amounts borrowed by the assessee for acquisition and installation of plant and machinery forms part of actual cost of the assets within the meaning of section 43 of income-tax act, 1961 and will qualify for grant of depreciation and development rebate under sections 33 and 34 of income-tax act, 1961.the judgment of the hon'ble supreme court in challapalli sugars ltd ..... the result of the accounts of the different venture was entered in the accounts maintained at the head office, no inference necessarily arose that the exhibition of films in different theatres constitute the same business.27 ..... third member in his order dated 12-5-2000 has agreed with the view taken by the accountant member and held that the disputed amount of ..... . mahendra mills [2000] 109 taxman 225 at page 247 (243 itr 56) in which it was held by the apex court that it is optional ..... [ ..... heard at ahmedabad on 26-4-2000 .....

Core Health Care Ltd. Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (2001)70TTJ(Ahd.)490

..... the pre-production period in respect of expansion of the existing business is clearly allowable in view of the judgment of the hon'ble jurisdictional high court in the case of alembic glass industries and the judgment of the supreme court in the case of india cements ltd. ..... as well as the decision of gujarat high court in the case of alembic glass industries (supra) and the same is clearly deductible under section 36(1)(iii) of the income tax act, 1961.the matter will now go back to the division bench in order to decide the matter according to the majority view as per section 255(4) of the income tax act, 1961.these two cross appeals were heard by ahmedabad bench "c" comprising of s/shri ..... circumstances that the result of the accounts of the different venture was entered in the accounts maintained at the head office, no inference necessarily arose that the exhibition of films in different theatres constitute the same business.shri gupta submitted that in the present case, the new unit is of larger dimension. ..... (2000) 14 dtc 27 (jp-trib) : (2000) 74 itd 25 (jp-trib) in vadilal dairy international ..... it was held that it could not be said that the venture of prakash talkies was a part of the general business of exhibition of films carried on by the assessee and, therefore, the sum of rs. ..... supreme court held that on the facts, it could not be said that the venture of prakash talkies was a part of general business of exhibiting films carried on by the appellant and, therefore, the sum of rs. .....

Core Health Care Ltd. Vs. Deputy Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

..... for the pre-production period in respect of expansion of the existing business is clearly allowable in view of the judgment of the hon'ble jurisdictional high court in the case of alembic glass industries and the judgment of the supreme court in the case of india cements ltd. ..... (2000) 66 ttj (jp) 3, in vadilal dairy international ..... circumstances that the result of the accounts of the different venture was entered in the accounts maintained at the head office, no inference necessarily arose that the exhibition of films in different theatres constitute the same business.141. ..... of the actual cost of the assets to the assessee and it is in the light of that actual cost that the question of depreciation has to be considered by the tax authorities and as such the same was rightly capitalised by the assessee in its books of account and subsequent claim of the assessee to treat a part of that expenditure on revenue account on pro rata basis is not tenable in law as there is no specific provision in the it act for allowance of such expenditure treating same to be of ..... intent nor does it conform to accepted accounting principles, with a view to counter-acting tax avoidance through this method any placing the matter beyond doubt, the bill seeks to provide that any amount paid or payable as interest in connection with acquisition of an asset and relatable to a period after the asset is first put to use shall not form part and shall be deemed never to have formed part of the actual cost of the .....

Acqua Minerals (P.) Ltd. Vs. Dy. Cit (Assessment)-sr-1

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (2005)96ITD417(Ahd.)

..... assessee in respect of the scope of its operations, and which find mention, along with his own arguments/ reasoning, in his assessment orders for the relevant years, concluded that the assessee being engaged only in 'purification' of drinking water (for hygienic reasons), the industrial activity involved therein does not amount to 'manufacture' as contemplated under the act, and as such, is not eligible for deduction under section ..... the assessee's end product from the purview of excise (heading 22.01 covers "natural or artificial mineral water and aerated waters, not containing added sugar or other sweetening matters, not flavoured ice") nor is it covered under chapter 22.02 which include 'sweetened or flavoured mineral water'; and (c) that if such products are to be considered as excisable, tap water for domestic use supplied by the municipal corporation could ..... " and which clearly exhibits the knowledge, in the trade circles, of ..... bherhaghat mineral industries (2000) 246 itr 230 (sc) wherein the supreme court held crushing dolomite lumps into chips and powder is not a process of ..... case stand to be set off by the additional deduction on account of purchases, which would have to be allowed to the assessee-company.it may be that what the assessee contends before the cit(a) is true and that there has been a lapse on the part of the assessing officer in failing to mention about the factum, of the confirmation from the supplier having been filed before him, as also in his inference .....