Case Laws Analysis
REFERRED South Indian Bank Ltd. v. CIT 2021 TaxPub(DT) 5150 (SC)
REFERRED CIT v. Biocon Ltd. 2020 TaxPub(DT) 4924 (Karn-HC)
REFERRED Marg Ltd. v. CIT 2020 TaxPub(DT) 4041 (Mad-HC)
REFERRED CIT v. Celebrity Fashion Ltd. 2020 TaxPub(DT) 3894 (Mad-HC)
REFERRED Shree Choudhary Transport Company v. ITO 2020 TaxPub(DT) 3083 (SC)
REFERRED CIT v. Karnataka Bank Ltd. 2019 TaxPub(DT) 0502 (Karn-HC)
REFERRED CIT v. Goetze (India) Ltd. 2018 TaxPub(DT) 3506 (SC)
REFERRED CIT v. Calcutta Export Company 2018 TaxPub(DT) 2136 (SC)
REFERRED Maxopp Investment Ltd. v. CIT 2018 TaxPub(DT) 1403 (SC)
REFERRED CIT v. Vasisth Chay Vyapar Ltd. 2018 TaxPub(DT) 0259 (SC)
REFERRED Honda Siel Cars India Ltd. v. CIT 2017 TaxPub(DT) 1677 (SC)
REFERRED Pr. CIT v. State Bank of Patiala 2017 TaxPub(DT) 1049 (P&H-HC)
REFERRED Godrej & Boyce Manufacturing Company Ltd. v. Dy. CIT 2017 TaxPub(DT) 0968 (SC)
REFERRED Commissioner of Income Tax v. Shriram Transport Finance Company Ltd. 2017 TaxPub(DT) 0433 (Mad-HC)
REFERRED Commissioner of Income Tax v. Max India Ltd. 2016 TaxPub(DT) 4463 (P&H-HC)
REFERRED CIT & Anr. v. Microlabs Ltd. 2016 TaxPub(DT) 2372 (Karn-HC)
REFERRED HDFC Bank Ltd. v. Deputy Commissioner of Income-tax 2016 TaxPub(DT) 1316 (Bom-HC)
REFERRED SREI Infrastructure Finance Ltd. v. Addl. CIT 2015 TaxPub(DT) 0696 (Del-HC)
REFERRED CIT v. PVP Ventures Ltd. 2014 TaxPub(DT) 1924 (Mad-HC)
REFERRED CIT v. Sulzon Energy Ltd. 2013 TaxPub(DT) 1630 (Guj-HC)
REFERRED Commissioner of Income-tax v. Panchmahal Steel Ltd. 2013 TaxPub(DT) 1579 (Guj-HC)
REFERRED Honda Siel Power Products Ltd. v. Dy. CIT & Anr. 2012 TaxPub(DT) 0682 (SC)
REFERRED Asstt. CIT v. Shriram Transport Finance Co. Ltd. 2011 TaxPub(DT) 2012 (Chen-Trib)
REFERRED CIT v. Vasisth Chay Vyapar Ltd. & Anr. 2011 TaxPub(DT) 0663 (Del-HC)
REFERRED Godrej & Boyce Mfg. Co. Ltd. v. Dy. CIT & Anr. 2010 TaxPub(DT) 2182 (Bom-HC)
REFERRED Vijaya Bank v. CIT & Anr. 2010 TaxPub(DT) 1825 (SC)
REFERRED T.R.F. Ltd. v. CIT 2010 TaxPub(DT) 1481 (SC)
REFERRED Southern Technologies Ltd. v. Jt. CIT 2010 TaxPub(DT) 1302 (SC)
REFERRED CIT v. Industrial Finance Corporation of India Ltd. 2010 TaxPub(DT) 0775 (Del-HC)
REFERRED C.K. Gangadharan & Anr. v. CIT 2008 TaxPub(DT) 2163 (SC)
REFERRED S.A. Builders Ltd. v. CIT (Appeals) & Anr. 2007 TaxPub(DT) 0833 (SC)
REFERRED CIT v. Nawanshahar Central Co-Operative Bank Ltd. 2007 TaxPub(DT) 0079 (SC)
REFERRED Bharat Sanchar Nigam Ltd. & Anr. v. Union of India & Ors. 2006 TaxPub(DT) 1454 (SC)
REFERRED Lakshmi Vilas Bank Ltd. v. CIT 2006 TaxPub(DT) 1319 (Mad-HC)
REFERRED T.N. Power Finance and Infrastructure Development Corporation Ltd. v. Jt. CIT 2006 TaxPub(DT) 0865 (Mad-HC)
REFERRED CIT v. Karur Vysya Bank Ltd. 2005 TaxPub(DT) 0410 (Mad-HC)
REFERRED S.S.I. Limited v. Deputy CIT 2004 TaxPub(DT) 1924 (Chen-Trib)
REFERRED Berger Paints India Ltd. v. CIT 2004 TaxPub(DT) 1388 (SC)
REFERRED Commissioner of Income Tax v. Girish Mohan Ganeriwala 2003 TaxPub(DT) 0952 (P&H-HC)
REFERRED CIT v. Badridas Gauridu (P) Ltd. 2003 TaxPub(DT) 0952 (Bom-HC)
REFERRED Hemalatha Gargya v. CIT & Anr. 2003 TaxPub(DT) 0760 (SC)
REFERRED CIT v. Narendra Doshi 2002 TaxPub(DT) 0496 (SC)
REFERRED CIT v. Shivsagar Estate 2002 TaxPub(DT) 0101 (SC)
REFERRED Union of India & Ors. v. Kaumudini Narayan Dalal & Anr. 2001 TaxPub(DT) 0902 (SC)
REFERRED Karamchari Union, Agra v. Union of India & Ors. 2000 TaxPub(DT) 1271 (SC)
REFERRED United Commercial Bank v. CIT 1999 TaxPub(DT) 1437 (SC)
REFERRED Dalmia Cement Ltd. v. CIT 1999 TaxPub(DT) 1276 (SC)
REFERRED Seshasayee Paper & Boards Ltd. v. CIT 1999 TaxPub(DT) 0320 (Mad-HC)
REFERRED CIT v. Wavin (India) Ltd. 1999 TaxPub(DT) 0195 (SC)
REFERRED CIT v. Salem Co-Operative Sugar Mills Ltd. 1998 TaxPub(DT) 0244 (Mad-HC)
REFERRED Brooke Bond India Ltd. v. CIT 1997 TaxPub(DT) 1116 (SC)
REFERRED Associated Power Co. Ltd. v. CIT 1996 TaxPub(DT) 0674 (SC)
REFERRED CIT v. Ganga Prasad Birla (HUF) 1993 TaxPub(DT) 0077 (Cal-HC)
REFERRED Keshkal Co-Operative Marketing Society Ltd. v. CIT 1987 TaxPub(DT) 0566 (MP-HC)
REFERRED CIT v. Sooraj Mull Nagarmull 1981 TaxPub(DT) 0772 (Cal-HC)
REFERRED Vithaldas H. Dhanjibhai Bardanwala v. CIT 1981 TaxPub(DT) 0722 (Guj-HC)
REFERRED CIT v. L.G. Ramamurthi & Ors. 1977 TaxPub(DT) 0698 (Mad-HC)
REFERRED CIT v. Travancore Sugars & Chemicals Ltd. 1973 TaxPub(DT) 0377 (SC)
REFERRED Dalmia Jain & Co. Ltd. v. CIT 1971 TaxPub(DT) 0350 (SC)
REFERRED CIT v. Ciba of India Ltd. 1968 TaxPub(DT) 0346 (SC)
REFERRED CIT v. Ciba of India Ltd. 1968 TaxPub(DT) 0346 (SC)
REFERRED CIT v. Sitaldas Tirathdas 1961 TaxPub(DT) 0145 (SC)
REFERRED G. Venkataswami Naidu & Co. v. CIT 1959 TaxPub(DT) 0121 (SC)
REFERRED Narain Swadeshi Weaving Mills v. Commissioner of Excess Profits Tax 1954 TaxPub(DT) 0121 (SC)
REFERRED Chainrup Sampatram v. CIT 1953 TaxPub(DT) 0120 (SC)
 
The Tax Publishers2024 TaxPub(DT) 1506 (Mad-HC)

IN THE MADRAS HIGH COURT)

R. MAHADEVAN & J. SATHYA NARAYANA PRASAD JJ.

Shriram Transport Finance Co. Ltd. v. ITO

Tax Case Appeal Nos. 755, 756, 883, 884, 885, 886, 1263, 1264 and 1265 of 2009, 215 of 2011, 118, 119, 120, 278 and 279 of 2012, 371 and 622 of 2013, 360, 361, 913, 914, 915 and 916 of 2014, 124, 125, 126, 127, 128, 129, 130, 131 and 717 of 2017 and 406, 407, 413, 414 and 416 of 2019

30 June, 2022

Assessees by: R. V. Eswar, Senior Advocate, for R. Sivaraman

Department by: J. Narayana Swamy, Senior Standing Counsel,

JUDGMENT

R. Mahadevan J.

All these tax case appeals numbering 37, emanate from the different orders of the Income-tax Appellate Tribunal, out of which, 8 appeals are filed by the Revenue and the remaining 29 appeals are filed by the assessees. Inasmuch as the issues involved herein are inter-linked and interconnected, all the appeals were clubbed together and are decided by this common judgment. The details of the cases are tabulated below :

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