Shiv Kumar Jatia, New Delhi vs Ito, Ward- 10(2), New Delhi on 26 April, 2021
IN THE INCOME TAX APPELLATE TRIBUNAL
DELHI BENCH ... 2019 : Asstt. Year : 2013-14
Sh. Shiv Kumar Jatia, Vs Income Tax Officer,
B-50, Gulmohar Park, Ward-10(2),
New Delhi-110049 New Delhi
department the following decisions in particular were relied upon : Ganashyamdas Jatia v. ITO [1973] 87 ITR 683 (Cal.) and G.D. Jatia ... revenue remain to be considered now. The first is Ganashyamdas Jatia 's case (supra). This was a decision of the Calcutta High Court
Jatia Bal Vihar Educational Trust , ... vs Ito, Exemption Ward, Ghaziabad on 24 December, 2020
INCOME TAX APPELLATE TRIBUNAL
DELHI BENCH "C": NEW DELHI ... KAMBLE, JUDICIAL MEMBER
ITA No. 7301/Del/2017
Asstt. Year 2014-15
Jatia Bal Vihar Educational Vs. ITO, Exemption
Trust, Ward
expand his business of optical ,intends to give franchise
to shri Sidharth Jatia,party no.2;clause (i) says that party no.2 has arranged ... such ownership shall remain with the assessee.It also
stipulates that shri Jatia shall work as franchisee to sell the goods for which he
will
Calcutta High Court in the case of Jatia Investment Company vs. CIT , 206 ITR
718, he submitted that the Hon'ble High Court ... relied on the following
decisions:-
12
ITA No.2498/Del/2017
i) Jatia Investment
money in any form). The decision
of Calcutta High Court in the Jatia Investment Company 206 ITR 718 relied
upon by the unexplained cash credit ... above decisions, including that of jurisdictional
High Court in the case of Jatia Investment Company (supra), I am of the view
that provisions of section
supra) to give relief to the assessee. In
the said case [Jatia Investment Co.), the three NBFCs had taken loans from
proprietary concern belonging ... held by the three NBFCs were
transferred to a partnership firm namely Jatia Investment Co., and the amount
receivable against the said sale of shares
account of M/s
Woodcraft Properties Pvt. Ltd. by Mr. Shiv Kumar Jatia, who is director
in M/s Prudential Hotels Private ... account of M/s Woodcraft Properties Pvt. Ltd. by Mr.
Shiv Kumar Jatia on 08/06/2016 and the same was transferred to
assessee
Supreme Court in the case of Madhay Prasad Jatia v. CIT 118 ITR 200 has considered the issue relating to necessary conditions for allowing ... Supreme Court in the case of Madhav Prasad Jatia v. CIT 118 ITR 200, held as under:
"That, on the facts of the case
Senior Finance Manager, McDonald's MEDC, addressed to Vikram
Bakshi/ Amit Jatia, by which it was intimated to them that franchise fee
would ... agreement. The said letter is as under:
"To: Vikram Bakshi/ Amit Jatia
From: Arosha Wijemuni
Date: December 8,2002.
Subject: License & Location Fees
