M/s Nahar Industrial Enterprises Ltd. v. Dy. Commissioner of Income Tax
[Citation -2015-LL-1029-7]
| Citation | 2015-LL-1029-7 |
|---|---|
| Appellant Name | M/s Nahar Industrial Enterprises Ltd. |
| Respondent Name | Dy. Commissioner of Income Tax |
| Court | HIGH COURT OF DELHI AT NEW DELHI |
| Relevant Act | Income-tax |
| Date of Order | 29/10/2015 |
| Assessment Year | 1992-93 |
| Judgment | View Judgment |
| Keyword Tags | sales tax • total turnover |
| Bot Summary: | For the reasons stated in the application, the application is allowed. This appeal by the Assessee is directed against the order dated 4th June, 2002 passed by the Income Tax Appellate Tribunal in ITA No. 1820/Del/96 for the assessment year 1992-93. By the order dated 14th October, 2003 the following question of law was framed for adjudication: Whether the Tribunal was correct in law in holding that the sales tax charged by the assessee and paid to the Government would form part of the total turnover for the purposes of deduction under Section 80HHC of the Act 4. The above question stands answered in favour of the Assessee and against the Revenue by the decision of the Supreme Court in CIT v. Laxmi Machine Works 290 ITR 667. Accordingly, the said question is answered in favour of the Assessee and against the Revenue. |