LAWS(KAR)-2010-1-78

COMMISSIONER OF INCOME TAX Vs. UNITED BREWERIES LIMITED

Decided On January 11, 2010
COMMISSIONER OF INCOME TAX Appellant
V/S
UNITED BREWERIES LIMITED Respondents

JUDGEMENT

(1.) These two set of appeals under Section 260A of the IT Act, 1961 (for short 'the Act') are by the Revenue directed against the common order dt. 20th July, 2001 passed by the Tribunal, Bangalore Bench in so far as it relates to ITA No. 630/Bang/1999 with reference to the asst. yr. 1996-97 and order relating to ITA No. 916/Bang/2000 referable to the asst. yr. 1997-98.

(2.) The respondent-assessee is a public limited company essentially carrying on the activity of manufacture and sale of alcoholic beverage 'beer' and in terms of the memorandum of association of the company while this activity constitutes the main activity for which the company M/s United Breweries Ltd., as the very name suggests, had been established, incidentally also had the object of related activities as indicated in the memorandum of association of the company which read as under:

(3.) The objects for which the company is established are-