Judgment Search Results Home > Cases Phrase: multimodal transportation of goods act 1993 chapter 5 miscellaneous Sorted by: old Court: income tax appellate tribunal itat mumbai Page 1 of about 3 results (0.067 seconds)

S.H. Kelkar and Co. Ltd. Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (1993)44ITD170(Mum.)

..... assessee. in the case of raymond woollen mills ltd. (supra), the third member held that the cost price comprises the purchase price including import duties, transport and handling charges and any other directly attributable costs less trade discount and rebate plus such other expenses which have been incurred in the normal course of the ..... excise duty and, therefore, there was force in the contention of the assessing officer that to that extent the value of unutilised raw materials, semi-finished goods and finished goods should be increased.7. sri y.p. trivedi, the learned counsel for the assessee, supporting the assessee's claim, submitted that the assessee's ..... stock at net price is justified. (vi) 'modvat credit is available only when raw materials are used in production'. the closing stock of finished goods and semi-finished goods are to be valued at net of modvat cost since the raw materials consumed has already suffered duty.disagreeing with the assessee, the assessing officer held .....

Assistant Commissioner of Income Vs. Asea Brown Boveri Ltd.

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2007)11TTJ(Mum.)502

..... same groups would compete with each other. according to him, there was only one single buyer of the railway goods produced by the assessee in india, i.e., chittaranjan loco works. entire transportation business was dependent upon this single customer and no free market existed. he invited our attention to five factual aspects ..... in view.89. recitals made in the agreement show that the assets and other items relating to the manufacturing of goods for supply to the railways have been compendiously described in the agreement as "transportation business" and "undertaking". railways was one of the customers for whom the assessee was manufacturing certain ..... goods at its baroda factory apart from manufacturing several other goods for other customers at the said baroda factory. in para 20.2 of his order, the learned cit(a) has observed that the said "transportation business" did not have any independent existence as "undertaking" .....

Dy. Cit, Range 12(1) Vs. Samta Marine Kakinada

Court : Income Tax Appellate Tribunal ITAT Mumbai

..... /papers related to assessment year 1996-97 and when confronted the assessee surrendered a sum of rs. 12 lakhs on account of expenses like labour stitcher, boat hire and transport charges and various other miscellaneous expenses. the assessee is carrying on the business of clearing and forwarding agents and it was admitted by the assessee that certain vouchers for expenses ..... rs. 20 lakhs as rs. 10 lakhs approximately due from m/s. hindustan lever ltd. is under dispute and is not recoverable. the sum of rs. 20 lakhs considered good is being offered as income for the current year ie., assessment year 1999-2000. m/s. samta marine kandla follows mercantile system of accounting. there are a few sundry ..... on 5-11-1998, statement of mr. rajesh bahl was recorded and in answer to question no. 7, he made a disclosure of rs. 25 lakhs on account of good will and in answer to question no. 10, he made a disclosure of rs. 20 lakhs on account of bills receivable. further disclosure of rs. 7.50 lakhs was .....