Free Judgments

Johnson Matthey India Private … vs Deputy Commissioner Of Income Tax on 30 October, 2015


Dr. S. Muralidhar, J.
1. This appeal by the Assessee under Section 260A of the Income Tax Act,
1961 („Act‟) is directed against the impugned order dated 29th March 2012
passed by the Income Tax Appellate Tribunal („ITAT‟) in ITA No.
344/Del/2012 for the Assessment Year („AY‟) 2003-04.
Background facts
2. The background facts are that the Assessee Johnson Matthey India Private

ITA No. 14 of 2013 Page 1 of 21
Limited („JMIPL‟) is engaged in the business of manufacture and sale of
automobile exhaust catalysts. 90% of the shares of the Assessee Company
are held by Johnson Matthey Plc. UK („JMUK‟) through Matthey Finance,
BV, Netherlands. JMIPL‟s manufacturing unit is located at IMT, Manesar in
Haryana. Maruti Udyog Limited („MUL‟) is a major customer of JMIPL
accounting for most of its sales.

Source: Indian Kanoon