which was to be issued by the Director
General of Shipping u/s 407 of Merchant Shipping Act, 1958. The assessee
preferred appeal before ... facts of this case the vessels were consistently registered under Section 407
of the Merchant Shipping Act and had a valid certificate which was produced
Issued by the
Director General of Shipping under section 407 of Merchant Shipping Act, 1958.
6 ITA No. 4769/Del/2014
On this issue ... facts of this case the vessels were consistently registered under Section 407 of
the Merchant Shipping Act and had a valid certificate which was produced
enquiry and as well
the criminal record of case FIR No. 407/2004 U/s 489C IPC , PS
New Friends Colony, Delhi case titled ... 407.
6. In their counter, the respondents contend that after carefully
going through the judgment passed by ASJ in case FIR No. 407/2004
term 'qualifying ship' is defined under section 115VD, which is as
under:--
"Section 115VD: Qualifying Ship - For the purposes of this Chapter ... been issued by the Director General of Shipping under section 406 or
section 407 of the Merchant Shipping
Insured and (v) the FIR was lodged by the insured under Section 407 I.P.C. against the Truck owner, driver and cleaner and hence
failed to locate the vehicle, FIR No.98 was recorded under Section 407 IPC on 17.04.2012. It is case of the complainant that vide letter ... that loss would not amount to theft, as FIR was recorded under Section 307 IPC. Be that as it may, we have perused the letter
Assessing Officer treated the amount of
Rs.40,23,407/- as deemed dividend u/s. 2(22)(e) of the I.T. Act. However ... advance of Rs.40,23,407/- given by M/s. Sabari Switchgear Pvt. Ltd.
to the assessee as deemed dividend
Amount of tax sought to be evaded ) 15,67,407
(c) Minimum Penalty leviable u/s. 271(l)(c) @ 100% thereof 15,67,407 ... Maximum Penalty leviable u/s. 271(l)(c) @ 300% thereof 47,02,221
A minimum penalty of Rs.15,67,407/- (Rupees Fifteen lakh Sixty
assessee has raised an
additional ground challenging the levy of interest under section.234C
of the Act. Since, the issue raised in the additional ground ... provided any basis for the
interest charged of `.31,25,407/-under section 234C of the Act
10
ITA No.2540/Mum/2017
Acit, New Delhi vs M/S Acb India Ltd.,, New Delhi on 17 January, 2018
