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Documents citing The Pr. Commissioner Of Income Tax, ... vs M/S Nippon Leakless Talbros Ltd on 12 September, 2019

Shri Darpan Jain, Jalandhar vs Income Tax Ward - 1(1), Jalandhar on 10 October, 2022

In the case of Pr. CIT v. Talbros Engineering Ltd. (supra), the Hon'ble jurisdictional Punjab & Haryana High Court observed that once the assessee shows his inability to produce creditor in file evidence in support of the genuineness of the cash credit, the AO was not justified in making addition u/s 68 without summoning the creditor. The relevant part of the Judgement whereby concurring the finding of the tribunal order is reproduced below:
Income Tax Appellate Tribunal - Amritsar Cites 2 - Cited by 0 - Full Document

Medha Servo Drives Private Limited, ... vs Jt. Commissioner Of Income Tax(Osd), ... on 24 August, 2021

7. Learned C.I.T (Appeals) referred to the decisions of the Hon'ble Supreme Court in the case of Chaphalkar brothers (Supra) and also the decisions in the cases of CIT vs Ponni Sugars and chemicals ltd., 306 ITR 392 SC and Pr.CIT vs Talbros Engineering ltd., 386 ITR 154 P & H and held that since the assessee had received the sales tax reimbursement for expanding its manufacturing capacity, the said amount is a capital receipt and cannot be considered as income. The C.I.T (Appeals) allowed the appeals.
Income Tax Appellate Tribunal - Hyderabad Cites 25 - Cited by 0 - Full Document
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