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1 - 10 of 12 (0.33 seconds)The Finance Act, 2018
Section 43 in THE FINANCE ACT, 2021 [Entire Act]
Section 32 in THE FINANCE ACT, 2021 [Entire Act]
Badridas Daga vs The Commissioner Of Income-Tax on 25 April, 1958
72. We have heard the rival submissions and perused the material on record. We
find that CIT(A) while upholding the order of A.O had relied on the decision
of Apex Court in the case of Badridas vs. CIT (1958) 34 ITR 10 (SC).
Before us, ld. A.R. has not brought any contrary binding decision in its
support. We therefore find no reason to interfere with the order of CIT(A)
and thus this ground of is dismissed.
Saurashtra Cement And Chemical ... vs Commissioner Of Income-Tax on 12 October, 1994
9. Before us, at the outset ld. A.R. submitted that on identical facts in the case
of Assessee for A.Y. 1997-98 similar disallowances was made by A.O.
against which the matter was carried before Tribunal. Hon'ble ITAT in its
order dated 26.06.2009 restored the issue to the file of A.O. He therefore
submitted that since the facts of the case in the year under consideration are
identical to that of A.Y. 97-98, following the order of Hon'ble Tribunal for
A.Y. 1997-98, the issue may be remitted to the file of A.O. He also placed
reliance on the decision in the case of Saurashtra Cement & Chemical vs.
CIT (1995) 213 ITR 523 (Guj.) Ld. D.R. on other hand pointed to the
findings of A.O and submitted that the onus lies on the assessee to
substantiate its claim and in the absence of details filed by the Assessee, A.O
was fully justified in making a disallowance. He thus supported the order of
A.O and ld. CIT(A).