Solid containers ltd vs dcit

S. 41 (1) Waiver Of Loan Whether Income + S. 234D Interest

Though in Solid Containers Ltd 308 ITR 407 (Bom) it was held that waiver of a loan taken for trading activity would become the assessee''s income and be subject to tax even

Important Judgements Of The Bombay High Court (Reported

Sharan Hospitality (P.) Ltd. v. DCIT (2020) 268 Taxman 443 (Bom) (HC) 49. S. 28(i): Business income –Income from house property –Leasing of shops in a mall along with

Solid Containers Ltd. v. Cit | Income Tax Appellate Tribunal

Respectfully following the Hon''ble Madrash High Court in the case of Nannusamy Mohan (HUF) v. ACIT (supra), we dismissed the appeal of the assessee as withdrawn. 7. In

Sh. Jai Pal Gaba, Ludhiana vs Ito, W-Iii (2), Ludhiana on 16

The Ld. CIT(A) vide his order dated 10.12.2010 confirmed the addition w.r.t. waiver of Principal amount of ₹ 2,83,93,001/- by relying upon the judgement of the Hon''ble Bombay High Court in

Treatment of One time settlement (OTS) by Bank or Loan

a) Bombay High court in the case of Solid Containers Ltd Vs. DCIT (2009) 308 ITR 0417has held that Cash credit loan is utilized for trading purposes & hence provisions of section 28 (iv) of the

Dcit Cc7 (2), Mumbai vs M/S. Anik Industries Ltd, Mumbai on

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 IT 417. Hence, the aforesaid judgments

Addition u/s. 28(iv) towards import of assets free of cost not

It is also noted that the ratio laid down by the Apex court decision in the case of CIT vs. TV Sundaram lyengar & Sons (222 ITR 344) and the High Court''s decisions in Solid

M/S. Ramani Exports, Mumbai vs Dcit

He also referred to the decision of Hon''ble Delhi High Court, in the case of Logitronics P. Ltd. Vs. CIT, 333 ITR 386 (Del); Judgment of Hon''ble Bombay High Court in the case of solid

Solid+vs | Indian Case Law

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

Taxability of loan waivers under Section 28(iv) and Section

Pr. CIT Vs M/s. Colour Roof (India) Ltd. (Bombay High Court) The Supreme Court in the case of Commissioner v/ s.Mahindra and Mahindra Ltd., [2018] 404 ITR 1 has held that

Taxability of loan waivers under Section 28(iv) and Section

In fact, Solid containers Ltd. (supra) does not even remotely deal with Section 41 (1) of the Act. Besides on fact, the Tribunal has rendered a finding therein that the amount

4D6963726F736F667420576F7264202D20353039382061

In the first appeal against the reassessment, the Ld. CIT (A) who confirmed the addition and observed that licence was not owned by the Assessee as the ownership of the

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

Tax cannot be levied on Loan Waived under one time settlement

The Ld. CIT(A) vide his order dated 10.12.2010 confirmed the addition w.r.t. waiver of Principal amount of ₹ 2,83,93,001/- by relying upon the judgement of the Hon''ble

T & D Galiakot Containers P. Ltd, Mumbai vs Assessee

He relied on the decision of Hon''ble Bombay High Court in the case of Solid Containers Ltd. Vs. DCIT, 308 ITR 417 (Bom), wherein it was held that where loan waived was taken by the

Bombay Chartered Accountant Journal

(SC), Solid Containers Ltd. vs. DCIT, 308 ITR 417 (Bom.), Logitronics P Ltd. v. CIT,333 ITR 386 and Rollatainers Ltd. vs. CIT, 339 ITR 54. In so far as the decision in Iskraemeco

Pelican Tobacco India Private Limited, vs Dcit,Central Circle

Pelican Tobacco India Private Limited, vs Dcit,Central Circle-7, New Delhi on 18 August, 2023 Representative agitating the ground no. 1 submitted that the decision of the Hon''ble

LARSEN & TOUBRO LTD, MUMBAI v. DCIT 2 (2), MUMBAI

IIT Corporate Services Ltd vs DCIT 4 ITR (Trib) 147. 7. Sundaram Iyangar & Sons Ltd., (supra) and also the decision of the Jurisdiction High Court in the case of Solid Container Ltd., Vs.

M/S. Ramani Exports, Mumbai vs Dcit

M/S. Ramani Exports, Mumbai vs Dcit - 19(3), Mumbai on 16 May, 2023 Judgment of Hon''ble Bombay High Court in the case of solid containers Ltd Vs. DCIT (2009) reported in 178

M/S. Airline Allied Services Ltd., New vs Dcit, New Delhi on

(ii) Solid Containers Ltd. vs. DCIT reported in [2009] 308 ITR 417 (Mumbai). I.T.A. No.2476 & 2477/DEL/2014 5. 7. Before the ld. CIT (Appeals), assessee made very detailed submissions,

solid+containers | Indian Case Law | Law | CaseMine

...reliance on the decision in the case of Solid Containers Ltd. vs. DCIT, 178 ITR 192. In response thereto the ld. Counsel for the assessee had pointed that the.. cision in the case of Solid

Dcit 2 (2), Mumbai vs Larsen & Toubro Ltd, Mumbai on 15

Sundaram Iyangam& Sons Ltd., (supra) and also the decision of the Jurisdiction High Court in the case of Solid Container Ltd., Vs. DCIT (supra). In this case, we note that the A.O made

41 (1) – itatonline

S. 28(iv) & 41(1) cannot apply if the loan is on capital account and the assessee has never claimed any deduction therefor in the past (Solid Containers 308 ITR 417 (Bom) distinguished,

M/S. Solid Containers Ltd vs The Deputy Commissioner Of

In this connection, we would like to refer to the decision of the Honourable Supreme Court in the case of CIT vs. T.V. Sundaram Iyengar and Sons Ltd. (1996), 222 ITR 344 wherein the

Jsw Steels Ltd, Mumbai vs Dcit Cc 8(3), Mumbai on 4 May, 2023

Reliance in support of the above stand is placed on the ratio applied by the Bombay high court in the case of M/s Solid Containers Ltd vs DY. CIT. Spl. Range-1, Mumbai reported in 308 ITR

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

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case of CIT Vs. T.V ndaram Iyengar & Sons Ltd. and the decision of Hon''ble Bombay High Court in case of Solid Containers Ltd. VS. DCIT (supra). The AR of the appellant

Solid containers ltd vs dcit

41 (1) – itatonline

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