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1 - 10 of 25 (1.64 seconds)Section 145 in The Income Tax Act, 1961 [Entire Act]
Section 131 in The Income Tax Act, 1961 [Entire Act]
Section 69C in The Income Tax Act, 1961 [Entire Act]
Section 158BD in The Income Tax Act, 1961 [Entire Act]
N.R. Paper And Board Limited And Ors. vs Deputy Commissioner Of Income-Tax on 23 March, 1998
22. According to the learned AM the decision of the Hon'ble Gujarat High Court in the case of N.R. Paper & Boards Ltd. (supra) was squarely applicable.
The Income Tax Act, 1961
The Commissioner Of Income Tax,Madras vs The Lakshmi Vilas Bank Ltd.,Karur on 8 May, 1996
14. The learned JM after recording the aforesaid facts vis-a-vis the assessment order itself proceeded to record the submissions made on behalf of the assessee in para 18 of his order and those urged on behalf of the Department in para 19. As these are quite identical to those taken note of by the learned AM and which I have already reproduced earlier, I do not propose to repeat these. All that I would like to say is that as against the reliance of the assessee on the judgment of the Hon'ble Gujarat High Court in the case of N.R. Paper & Boards Ltd. (supra), the learned Departmental Representative placed reliance on the judgments of the Hon'ble Supreme Court in the case of CIT v. Lakshmi Vilas Bank Ltd. (1996) 220 ITR 305 (SC) and CST v. H.M. Esufali H.M. Abdulali (1973) 90 ITR 271 (SC).