further submitted that the percentage of wastage
during the trial production was as follows:-
Assessment Year Wastage (Percentage ... activity was not at all a trial, but the sale proceeds shows that there
was simultaneous manufacturing/commercial activities which
yielded 3.7 crores
shifting of the same to Messrs. Garware Nylons Ltd. for demonstration/trial in the "intervening periods. This is borne out by Marchon ... October 5, 1981, to Garware Nylons Ltd. It was also decided to simultaneously apply to the Government authorities for shifting the machine to Garware Nylons
assessee claims
that the trial production was started on 23.07.2008 though the
plant has become fully operational in January, 2009.
Simultaneously the AO initiated proceedings ... machinery and there is no evidence to show that there was a
trial production on 23.07.2008. Hence, this appeal by the
assessee
baseless as search was carried in the case of both
the groups simultaneously, therefore, he requested that the
additions were rightly made in the hands ... proprietorship firm of the assessee
containing Trial balance of the assessee. In the said trial balance,
an entry of unsecured loan of Rs. 30.00 lacs
settled law that levy of penalties and
prosecution under Section 276C are simultaneous. Hence,
once the penalties are cancelled on the ground that there ... appellants cannot be made to suffer and
face the rigorous of criminal trial when the same cannot be
sustained in the eye of law because
M/S. New Delhi Television Ltd., New ... vs Dcit, New Delhi on 14 July, 2017
Motorola Inc., Erisson Radio Systems ... vs Deputy C.I.T. on 22 June, 2005
Equivalent
M/S. Dcm Shriram Industries Ltd., New ... vs Dcit, New Delhi on 14 December, 2018
S. K. Gupta vs Deputy Commissioner Of Income Tax on 28 February, 1998
ORDER
J
Brij Bhushan Singal, New Delhi vs Acit, Central Circle- 3, New Delhi on 7 April
