224 ITR

Sec. 37(1), Section 37

S.C : Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the payment of interest of Rs. 28,488 on money borrowed for payment of income-tax was not an expenditure laid out wholly and exclusively for the purpose of business as contemplated by sub-s. (1) of s. 37 of the IT Act, 1961?

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Supreme Court Of India East India Pharmaceutical Works Ltd. vs. CIT Section 37(1) Asst. Year 1971-72 S.C. Agrawal & G.B. […]

Sec. 37(1), Section 37

S.C : Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that 25% of the amount paid by the assessee as royalty to M/s Jonas Woodhead & Sons, was capital expenditure and, therefore, not allowable as revenue expenditure under the provisions of the IT Act, 1967, for the asst. yrs. 1967-68 and 1968-69 ?

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Supreme Court Of India Jonas Woodhead & Sons Ltd. vs. CIT Sections 37(1) Asst. Year 1967-68, 1968-69 S.C. Agrawal &

Sec. 37(1), Section 37

S.C : Whether, on the facts and in the circumstances of the case, the payment of royalty in excess of Rs. 1,50,000 paid under clause 18 of the lease granted by the Government of His Highness the Maharao Saheb of Kotah on 2nd May, 1945, which has been held to be in lieu of income-tax, super-tax etc., by the District Judge, Kotah, is a permissible deduction in the asst. yrs. 1957-58 to 1960-61?

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Supreme Court Of India Associated Stone Industries (Kotah) Ltd. vs. CIT Sections 37(1), 199, 215, 217, 147(a), 147(b), 246 Asst.

Sec. 256(2), Sec. 37(1), Section 256, Section 37

Punjab & Haryana H.C : Whether, on the facts and in the circumstances of the case, the learned Tribunal was right in law in deleting the addition of Rs. 58,405 made on account of gifts and presents made to foreign collaborators by relying on the decision of the Gujarat High Court in the case of CIT vs. S.L.M. Maneklal Industries Ltd. (1977) 107 ITR 133 (Guj) : TC 16R. 1221?

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High Court Of Punjab & Haryana CIT vs. Escorts Employees Ancillaries Ltd Sections 37(1), 256(2) Asst. Year 1982-83 Ashok Bhan

Sec. 256(2), Section 256

Punjab & Haryana H.C : Whether, on the facts and in the circumstances prevailing for the asst. yrs. 1969-70 and 1970-71, the Tribunal was justified in cancelling the penalties imposed of Rs. 1,86,163 and Rs. 2,26,617 by following its earlier order in respect of the similar penalties imposed for the asst. yrs. 1967-68 and 1968-69 and thus concluding that the assessee was not guilty of any wilful concealment of its income?

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High Court Of Punjab & Haryana CIT vs. Ess Ess Kay Engineering Co. Ltd. Section 256 Asst. Year 1969-70, 1970-71

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