Partly allowed
The C.I.T.Kolhapur. v. Shriram S.S.K.Ltd.
Bombay HCITR/289/1999
Case brief
AI extract
What is this about?
The High Court addressed a reference concerning additions made by the Income Tax Authority to the assessee's income from various funds collected out of sugarcane purchase prices. Relying on a prior Special Bench decision and a Bombay High Court precedent, the Court held that deletions for the Small Savings Fund, Hutment Fund, and Chief Minister's Relief Fund were correct. The deletion for the Floo
What did the court decide?
Deletion of additions for Small Savings, Hutment, and CM's Relief Funds upheld; Deletion for Flood and Drought Relief Funds remanded for fresh consideration.