Search Results Page
Search Results
1 - 10 of 11 (0.27 seconds)Section 50C in The Income Tax Act, 1961 [Entire Act]
Section 147 in The Income Tax Act, 1961 [Entire Act]
The Income Tax Act, 1961
Section 148 in The Income Tax Act, 1961 [Entire Act]
Section 142 in The Income Tax Act, 1961 [Entire Act]
Section 114 in The Income Tax Act, 1961 [Entire Act]
The Indian Evidence Act, 1872
Commissioner Of Income-Tax vs Arvind Jewellers on 19 July, 2002
15. Therefore, the assessing officer has examined the issue by issuing
notice u/s.142 of the Act and in response, the assessee has submitted
the reply and after having gone through the assessee`s reply, the
assessing officer took the plausible view. Therefore, order passed by the
assessing officer is neither erroneous and nor prejudicial to the interest
of the Revenue. On the above undisputed facts on record, the matter is
already decided by Hon'ble Gujarat High Court in the case of CIT Vs.
Arvind Jewellers [2003] 259 ITR 502 (Guj) following the ratio of
decision of Hon'ble Supreme Court in the case of of Malabar
Industrial Co. Ltd. Vs. CIT [2000] 243 ITR 83 (SC) by holding as
under:
M/S. The Malabar Industrial Co. Ltd vs Commissioner Of Income-Tax, Kerala ... on 10 February, 2000
15. Therefore, the assessing officer has examined the issue by issuing
notice u/s.142 of the Act and in response, the assessee has submitted
the reply and after having gone through the assessee`s reply, the
assessing officer took the plausible view. Therefore, order passed by the
assessing officer is neither erroneous and nor prejudicial to the interest
of the Revenue. On the above undisputed facts on record, the matter is
already decided by Hon'ble Gujarat High Court in the case of CIT Vs.
Arvind Jewellers [2003] 259 ITR 502 (Guj) following the ratio of
decision of Hon'ble Supreme Court in the case of of Malabar
Industrial Co. Ltd. Vs. CIT [2000] 243 ITR 83 (SC) by holding as
under: