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1 - 7 of 7 (0.20 seconds)Section 133A in The Income Tax Act, 1961 [Entire Act]
Messrs Mehta Parikh & Co vs The Commissioner Of Income-Tax,Bombay on 10 May, 1956
6. Regarding the cash, being from the cash balance of the firm, reliance was placed on Mehta Parikh & Co. v. CIT [1956] 30 ITR 181 (SC), the Supreme Court in the case of Lalchand Bhagat Ambica Ram v. CIT [1959] 37 ITR 288, Anil Kumar Singh v. CIT [1972] 84 ITR 307 (Cal.)
Messrs. Lalchand Bhagat Ambical Ram vs The Commissioner Of Income-Tax, Bihar & ... on 14 May, 1959
6. Regarding the cash, being from the cash balance of the firm, reliance was placed on Mehta Parikh & Co. v. CIT [1956] 30 ITR 181 (SC), the Supreme Court in the case of Lalchand Bhagat Ambica Ram v. CIT [1959] 37 ITR 288, Anil Kumar Singh v. CIT [1972] 84 ITR 307 (Cal.)
Lakshmi Rice Mills vs Commissioner Of Income-Tax on 15 April, 1974
and Lakshmi Rice Mills v. CIT [1974] 97 ITR 258 (Pat.).
Smt. Srilekha Banerjee And Others vs Commissioner Of Income-Tax, Bihar And ... on 27 March, 1963
19. We have already clearly observed in the earlier paragraphs that the assessee has not been able to establish with cogent and unimpeachable evidence that the firm was in possession of sufficient cash balance and that the 102 high denomination notes could have come out of the firm's coffers. We have already observed that on 13-1-1978, the firm received in cash Rs. 1 lakh from Darshan Distributors (P.) Ltd. The assessee has not produced any confirmation or certificate from the said party to support its case because as on 1-1-1978, the opening cash balance was only Rs. 25,727. We have examined the entire evidence filed by the assessee, keeping in mind the principles laid down by the Supreme Court in the case of Sreelekha Banerjee (supra) and in the other High Court cases, and we have to come to the one and only conclusion that the high denomination notes were never part of the firm's cash and the assessee has not established this fact at all and thereby confirm the decision of the Commissioner (Appeals).
Anil Kumar Singh And Ors. vs Commissioner Of Income-Tax on 17 April, 1969
6. Regarding the cash, being from the cash balance of the firm, reliance was placed on Mehta Parikh & Co. v. CIT [1956] 30 ITR 181 (SC), the Supreme Court in the case of Lalchand Bhagat Ambica Ram v. CIT [1959] 37 ITR 288, Anil Kumar Singh v. CIT [1972] 84 ITR 307 (Cal.)
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