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1 - 10 of 15 (0.39 seconds)Flury'S Swiss Confectionary P.Ltd vs C.I.T.Central-I Cal on 7 April, 2014
Bharat P. Ltd. Vs. CIT (Cal) 111 ITR 951, Dhanalakshmi Steel Re-
rolling Mills Vs. CIT (AP) 228 ITR 780, Prakash Textile Agency Vs .
Income-Tax Officer vs Skyjet Aviation Pvt. Ltd. (And Vice ... on 19 July, 1999
5.9 It has been held in various judgments that the assessee must
prove identity and cre ditworthiness of credito r and genuineness of
transac tio n e .g. a s in Shankar I ndustr ies Vs. CIT (Cal) 114 ITR 689,
Nanak C handra Laxman Da s Vs. CIT (Cal) 140 ITR 151, Hari Chand
Virender Paul Vs. CIT (P&H) 140 IT R 148, CIT Vs. BijuPatnaik (SC)
160 ITR 674, ITO Vs. Skyjet Aviatio n (P) L td. (ITAT, Ahd-TM) 71 I T D
95, CIT Vs .
M/S. Priyadarshini Spinning Mills ... vs Commissioner Of Income-Tax Ap-I, ... on 12 June, 2014
Bharat P. Ltd. Vs. CIT (Cal) 111 ITR 951, Dhanalakshmi Steel Re-
rolling Mills Vs. CIT (AP) 228 ITR 780, Prakash Textile Agency Vs .
Karam Chand Thapar & Bros. (Coal Sales) ... vs Deputy Commissioner Of Income Tax. ... on 28 October, 1997
CI T (Ca l) 121 ITR 890, Norther n Bengal Jute Trading C o Ltd. Vs. CIT
(Cal) 70 ITR 407, Sanil K .M.P. Vs. CIT (Ker) 177 Taxman 481."
Onassis Axles Private Limited vs Commissioner Of Income Tax on 13 February, 2014
5. The ld. C IT(A) after considering the judgments in the case
of CIT Vs. M/s N.R. Portfolio Pvt. Ltd. dated 21.12.2012 (Del.
HC), Onassis Axles Pvt. Ltd. Vs. CIT in ITA 31/2013 (Del.
A-One Cycles Ltd. Vs. Asstt. Cit (1997) ... vs J.H. Gotla (1985) 156 Itr 323 (Sc) on 24 June, 1998
5.9 It has been held in various judgments that the assessee must
prove identity and cre ditworthiness of credito r and genuineness of
transac tio n e .g. a s in Shankar I ndustr ies Vs. CIT (Cal) 114 ITR 689,
Nanak C handra Laxman Da s Vs. CIT (Cal) 140 ITR 151, Hari Chand
Virender Paul Vs. CIT (P&H) 140 IT R 148, CIT Vs. BijuPatnaik (SC)
160 ITR 674, ITO Vs. Skyjet Aviatio n (P) L td. (ITAT, Ahd-TM) 71 I T D
95, CIT Vs .
Ald Automotive Pvt Ltd vs The Commercial Tax Officer And Ors Now ... on 12 October, 2018
3. Pr iy a Blue I ndustries ( P.) Ltd. vs. Assistant C ommissioner of
Income- tax [2022] 138 taxmann.com 69 (SC)- SLP dismisse d
against High Court ruling that w here Assessing Office r had reason to
belie ve that inco me chargeable to tax had escaped assessment as
assessee was be neficiary of accom modatio n entries and basis for
formation of s uch belie f were seve ral inquir ies and investigation by
Investiga tio n Wing that there had been escapement of income of
assessee from as sessment because of his failure to disclose fully and
truly a ll materia l facts, reopening o f assessment was justified.
Ito 22 (3)(2), Mumbai vs M/S Sai Everest Builders & Developers, ... on 18 May, 2022
Income-tax Officer vs. Sai Everest Building & Developers- [2022]
142 ta xmann.com 383 (Mumbai Trib.)-Where assesse e-firm claimed
to have received unsecured lo ans during re levant years, howeve r, it
could no t prove genuineness of unsecured loan taken and underne ath
sources fo r making these investme nts, addition made by Assessing
Office r unde r section 68 was justified.
M/S Snowtex Investment Limited vs Principal Commissioner Of Income Tax, ... on 30 April, 2019
8. NDR Promoters (P.) Ltd. Vs. Principal Commissioner of Income-
tax- [2019] 109 taxmann.com 53 ( SC) SLP dismissed against High
Court ruling tha t w here Assessing Office r made additions to
assessee's income under section 68 in respec t of amount rece ived as
share c apital from several companie s, i n view o f fact that all of these
companies were maintaine d by one person who was engaged in
providing accommodation entr ies through paper com panies and all
such companies were locate d at same address, impugned additio n
was justified.