The Commissioner of Income-tax, Goa v. Zuari Industries Ltd
[Citation -2020-LL-0102-1]
Citation | 2020-LL-0102-1 |
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Appellant Name | The Commissioner of Income-tax, Goa |
Respondent Name | Zuari Industries Ltd. |
Court | HIGH COURT OF BOMBAY AT GOA |
Relevant Act | Income-tax |
Date of Order | 02/01/2020 |
Judgment | View Judgment |
Keyword Tags | deferred revenue expenditure |
Bot Summary: | JUDGMENT: On 18th April, 2012 this Appeal was Admitted on the following substantial question of law: Whether on the facts and in the circumstances of the case, the ITAT was justified in holding that amount paid to Texmaco, as deferred revenue expenditure allowing the payment to be amortized for TXA No. 26/2012 2 period of eight years 2. Similar question arose in a connected Appeal being TXA NO. 51/2008. The parties agree that the decision in TXA No. 51/2008 shall govern the issue in the present Appeal also. In TXA 51/2008, which is disposed by a judgment of even date, we have answered the point no. The said decision would govern the present Appeal also. For the reasons mentioned in the judgment in TXA No. 51/2008, we pass the following order: The Appeal is partly allowed. The impugned order passed by the ITAT to the extent of issue no. |