IN THE HIGH COURT OF DELHI AT NEW DELHI
#2
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ITA 519/2010
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COMMISSIONER OF INCOME TAX ..... Appellant
Through Mr. Sanjeev Sabharwal, Advocate
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versus
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MARUTI SUZUKI INDIA LTD ..... Respondent
Through Mr. Ajay Vohra with Ms. Kavita Jha and Mr. Sriram Krishna, Advocates
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CORAM:
HON'BLE THE CHIEF JUSTICE
HON'BLE MR. JUSTICE MADAN B. LOKUR
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O R D E R
26.05.2010
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The present appeal under Section 260A of the Income Tax Act, 1961 is
admitted on the following substantial questions of law:
1. Whether the Tribunal is right in holding that Rs.24,92,33,446/- on account
of duty drawback had not accrued and become payable to the asseessee and cannot
be included in the Taxable income of the assessee for the Assessment Year 1999-
2000 ?
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2. Whether learned ITAT/CIT(A) erred in deleting the addition of
Rs.1,48,86,451/- on account of Customs Duty on closing inventory with vendors?
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[ITA 519/10]
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3. Whether Tribunal is right in holding that the Assessing Officer was not
justified in making addition of Rs.33,39,91,012/- on account of excessive
consumption of raw material and inputs ?
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4. Whether learned ITAT/CIT(A) was justified in allowing MODVAT on input
difference at Rs.46,00,00,000/- on account of excessive unexplained consumption
of material and when payment partakes the character of penalty ?
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5. Whether learned ITAT/CIT(A) was justified in allowing claim of Rs.36,09,
047/- out of RS.75,19,975/- on account of depreciation on enhanced liability
when the liability arises when assessee agrees to pay the duty?
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6. Whether learned ITAT/CIT(A) was justified in allowing disallowance under
Section 40A(i) at Rs.4,19,09,113/- in view of the decision of the case of
Chemloor Drug Ltd. V. CIT : 70 TTJ 936 ?
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Issue notice. Mr. Ajay Vohra has already entered appearance on behalf of the
assessee. Let the appeal be linked with ITA Nos. 250/05, 976/05 17/06 and
638/09 and set out for final hearing on 13th September, 2010.
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CHIEF JUSTICE
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MADAN B. LOKUR, J
MAY 26, 2010
?v?
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[ITA 519/10]
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