Search Results Page
Search Results
1 - 10 of 24 (0.32 seconds)Section 35D in The Income Tax Act, 1961 [Entire Act]
Section 132 in The Income Tax Act, 1961 [Entire Act]
Section 69 in The Income Tax Act, 1961 [Entire Act]
Section 153C in The Income Tax Act, 1961 [Entire Act]
Commissioner Of Income Tax vs Nova Promoters & Finlease (P) Ltd on 15 February, 2012
The assessing officer instead of examining the documentary evidences
and record in depth, has made an attempt to link Mr. Suresh Nanda,
who was having interest in the Companies namely M/s. UBS Trading
FCZ and Y2KSIL, who were the different entities, who have provided
loans and funds to Investor Companies. Even if certain documents
were found during the course of search in the case of Mr. Suresh
Nanda, but, nothing has been brought on record, if any, material was
found that he has received any unaccounted money. No material was
found during the course of search to prove Mr. Suresh Nanda was
dealing with unaccounted money rather the Department had made
similar addition in the hands of Mr. Suresh Nanda, which have been
deleted by the ITAT and the Order of the ITAT have been confirmed by
the Hon'ble Delhi High Court. The issue is also covered by Judgment of
the Delhi High Court in the case of M/s. Russian Technology Centre (P)
Ltd., (supra), in which, similar addition have been deleted on the same
set of facts, in which the subsidiary of M/s. Russian Technology Centre
(P) Ltd., which had received various amounts towards share capital
from its related Companies and Promoters. The assessee filed all the
documents as are filed in the present case and on that basis, the
Tribunal deleted the addition and Judgment is confirmed by the
Hon'ble Delhi High Court. In the present case assessee has received
share application money from its holding Company.
The Income Tax Act, 1961
Commissioner Of Income Tax-Ii vs Lalit Kumar Poddar on 14 January, 2015
6. CIT vs. Lalit Kumar Poddar (2015) 231 taxman 819 (Delhi).
Cit, Ernakulam vs P.K. Noorjahan (Smt) on 15 January, 1997
As per CIT v. Smt. P.K. Noorjahan [1999] 155 CTR 509 (SC), it
was held that "Assessee's explanation that investment made in
purchase of land came from her step-father was not found
satisfactory by Assessing Officer who made addition as income
from other sources - Whether, if considered in true perspective
word 'may' used in section 69 cannot be read as 'shall'
C.I.T. vs M/S Peoples General Hospital P. Ltd on 17 April, 2014
The Hon'ble Madhya Pradesh High Court in the case of CIT vs.
Peoples General Hospital Ltd., [2013] 356 ITR 65 (MP) has admitted the
following substantial question of Law in one of the appeal :