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1 - 9 of 9 (0.25 seconds)Section 147 in The Income Tax Act, 1961 [Entire Act]
Section 148 in The Income Tax Act, 1961 [Entire Act]
Section 131 in The Income Tax Act, 1961 [Entire Act]
Section 132 in The Income Tax Act, 1961 [Entire Act]
Omar Salay Mohamed Sait vs Commissioner Of Income-Tax, Madras on 5 March, 1959
(d) It is observed that appellant has received booking advance in the year
under consideration and when booking was cancelled, such amount
was refunded to USPL in AY 2014-15 and 2016-17. The Assessing
Officer has not doubted repayments made by appellant in subsequent
Assessment Years. The AO has not brought any other tangible
evidence to prove that appellant has made cash payments against
booking advance or received cash against repayment of booking
amount. It is observed that entire transaction is held to be
accommodative merely on presumption, which is not tenable.
Reliance is placed on decision of Hon'ble Supreme Court Decision in
Omar Salay Mohamed Sait v. CIT (37 ITR 151) (Para 4.18 of the order).
Commissioner Of Income-Tax, U.P. vs Bharat Engineering And Construction ... on 8 September, 1971
(i) Honourable Supreme Court in case of Commissioner of
Income Tax Vs. Bharat Engineering & Construction Co.
Commissioner Of Income Tax vs Sunita Dhadda on 28 March, 2018
Asst. Year : 2011-12
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Officer. Hon'ble Supreme Court in the case of Commissioner of
Income Tax Vs. Sunita Dhadda 2018 (3) TMI (1610), has held as under:
Surendra Prasad Misra vs Income Tax Officer on 16 September, 2005
(ii) Honourable Lucknow Tribunal in case of Surendra Prasad
Mishra Vs. Income Tax officer [2006] 7 SOT 457.
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