Shiv Shakti Flour Mills (P) Ltd. v. Commissioner of Income-tax
[Citation -2020-LL-0130-56]
Citation | 2020-LL-0130-56 |
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Appellant Name | Shiv Shakti Flour Mills (P) Ltd. |
Respondent Name | Commissioner of Income-tax |
Court | SUPREME COURT |
Relevant Act | Income-tax |
Date of Order | 30/01/2020 |
Assessment Year | 1997-98 |
Judgment | View Judgment |
Keyword Tags | transport subsidy • revenue receipt • reassessment |
Bot Summary: | These appeals take exception to the judgment and order dated 15.09.2009 passed by the High Court of Gauhati at Gauhati in I.T.A. Nos.8/2006, 6/2007, 7/2007 and 8/2007. The assessment years involved in these appeals are from 1997-1998 to 2000-2001. The issue involved in these appeals is whether transport subsidy received by the assessee during the aforesaid assessment years is in the nature of revenue receipt or capital receipt. In respect of same assessee, the High Court in Income Tax Appeal No.6/2014 for the subsequent assessment year 2001-2002 has answered the question on the basis of the exposition of Signature Not Verified Digitally signed by CHARANJEET KAUR Date: 2020.02.17 18:03:36 IST this Court in particular in Jai Bhagwan Oil Reason: Flour Mills vs. Union of India Ors. As a result, in the facts of the present case, these appeals succeed on the same terms. The appeals and pending applications are disposed of accordingly. Ms. Anil Katiyar, AOR Mr. B. V. Balaram Das, AOR UPON hearing the counsel the Court made the following ORDER The appeals and pending applications are disposed of in terms of the signed order. |