refusing the wholesalers licence and the pass to import French Polish and Varnish from outside the State of Gujarat. As both the petitions raise identical ... Both the petitioners carry on business as wholesale dealers in French Polish and Varnish and have been importing for their business these two articles from
tenants and out of these tenants, 22 tenants are diamond cutters and polishers and they are carrying on their business of diamond cutting and polishing ... respondent No. 2 claiming therein that these 22 diamond cutters and polishers are employees of the petitioner No. 1 and that the provisions of Employees
stone,
which is crucial because the market value of a
polished diamond increases if there are less
inclusions in the polished stone); Colour
(colourless being ... more expensive); Cut
(consistency of shape, proportions, symmetry
and polish); and Carat (weight).
4. It is the say of the plaintiffs that almost
all rough
case of the writ applicant that he sold
polished diamonds valued at Rs.92,09,550/- to one company by name
"Akash Diamonds ... Sheth was present and
was found to be in possession of polished diamonds of the value referred
to above. According to the writ applicant
stone, which is crucial
because the market value of a polished
diamond increases if there are less
inclusions in the polished stone); (ii)
Colour (Colourless ... being the more
expensive); (iii) Cut (consistency of
shape, proportions, symmetry and polish);
and (iv) Carat (Weight).
2.4 It is the further contended that
almost
stone,
which is crucial because the market value of a
polished diamond increases if there are less
inclusions in the polished stone); Colour
(colourless being ... more expensive); Cut
(consistency of shape, proportions, symmetry
and polish); and Carat (weight).
4. It is the say of the plaintiffs that almost
all rough
Facets Gems Polishing Works Private ... vs The Deputy Commissioner Of Income Tax, ... on 5 July, 2024
Author: Bhargav D. Karia
Bench: Bhargav D. Karia
NEUTRAL ... Constitution
of India or any order made thereunder ?
==========================================================
FACETS GEMS POLISHING WORKS PRIVATE LIMITED
Versus
THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE
earning Rs.6,000/- per month from
running a diamond polishing factory at Bhavnagar and
was also earning Rs.25,000/- per annum from ... vehicular accident, the deceased was doing the business
of diamond polishing and was also doing agriculture work. He further
Page 7 of 19
Uploaded
disputed the assessee's valuation of
the closing stock of the polished diamonds which was
taken at Rs.1.14 crores (rounded ... Officer noticed that the assessee had taken the market
value of the polished diamonds at Rs.12,187.65 per
carat. The Assessing Officer required
Commissioner Of Income Tax I vs Facets Polishing Works Pvt ... on 13 April, 2015
Bench: M.R. Shah , S.H.Vora
O/TAXAP/200/2015 ... COMMISSIONER OF INCOME TAX I....Appellant(s)
Versus
FACETS POLISHING WORKS PVT LTD....Opponent(s)
=============================================
Appearance:
MR SUDHIR M MEHTA, ADVOCATE for the Appellant
