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1 - 10 of 20 (0.26 seconds)Section 69 in The Income Tax Act, 1961 [Entire Act]
Section 45 in The Income Tax Act, 1961 [Entire Act]
Section 153A in The Income Tax Act, 1961 [Entire Act]
Section 50C in The Income Tax Act, 1961 [Entire Act]
Section 132 in The Income Tax Act, 1961 [Entire Act]
Cit vs Dinesh Jain Huf on 19 October, 2012
a) Relying upon the order of the Hon'ble High Court of Delhi in the case of CIT
v. Dinesh Jain (HUF) (2013) 352 ITR 629 (Del) and CIT v. Agile Properties Pvt.
Ltd. (ITA No. 176/2014), CIT(A) held that in order to invoke S. 69B, AO has to
Page 14 of 22
ITA No. 3826/Del/2015 & ors
Asst. CIT Vs. M/s Satya Realtors Pvt. Ltd.
Deputy Commissioner Of Income-Tax,, vs Klassic Wheels Pvt. Ltd.,, on 29 August, 2019
CIT vs. Dhariya Construction Co. (2010) 236 CTR (SC) 226, wherein it has
been held that the report of the valuation officer is not information per se.
Further, the Hon'ble Court in the same case (CIT vs Bajrang) has reiterated
that it was settled law that the primary burden of proof to prove the
understatement or concealment of income is on the revenue and it is only
when such burden is discharged that it would be permissible to rely upon the
valuation given by the Distt. Valuation Officer.