(a) CIT v. Genesis Commet (P) Ltd.

163 Taxmann 482High Court2007#2409 most cited

What is (a) CIT v. Genesis Commet (P) Ltd. authority for?

An Assessing Officer, when disbelieving an assessee's explanation, must issue summons to the relevant parties for independent verification. No adverse inference can be drawn against the assessee without such an inquiry.

48

judgments rely on this decision, according to BharatTax’s citation analysis of 366,339 Indian tax judgments — from 2011 to 2026.

Also referred to as

CIT v. Genesis Commet (P) Ltd. · 163 Taxmann 482 · Assessing Officer inquiry duty · summons under Section 131 · adverse inference without verification · assessee explanation · independent investigation by AO · Section 68 addition · natural justice income tax · loose papers evidence

Also reported as

296 ITR 750

Sections most often in play

Section 115JBSection 131Section 142(1)Section 143(2)Section 35(2AB)Section 37(1)Section 43AASection 68

Issues it is cited on

section 256speculation losssection 43(5)section 43asummons under section 131section 35(2ab)rejection of books of accountloose paperssource of sourceaddition u/s 68section 153dmercantile system of accounting

Judgments citing (a) CIT v. Genesis Commet (P) Ltd.

Infomediary India Pvt Ltd vs. Commissioner of Income Tax

Appeals of the assessee are allowed

ITA/1229/2010HC Delhi23 Dec 2011

Bench: CASES PERTAINING TO SPL.DIVISION BENCHES

Section 68Section 68o

…Digitally Signed By:AMULYA Certify that the digital file and physical file have been compared and the digital data is as per the physical file and no page is missing. Signature Not Verified r IN TI{E HIGH COUR.T OF DELhII AT R{EW DEI-HI I'll'A Flo,9 72 of 2OO9, ITA h{o. L324 of 2OO8, ITA l\1o.29 of 2OLO, i[TA No.1228 of 2O10/ ITA No.L229 of' 2010, ITA No.L230 of 2O1O, ITA No.tr 71,O/2O1,O, ITA No.E of ?ALL. ITA No.339 of 2OLL( ITA No.613 of 2OtL ancl ITA No.726 of 2O1"! ,' Reserved on: 2Srh November, 2077 Pronounced on: 23'd Dql:qnhgr, 2077 ITA No.972l2OO9 Cornmissiorre:r of Income Tax -II, Central Revenue Bui…

CIT vs. Laxman Industrial Resources Ltd

Appeals of the assessee are allowed

ITA/339/2011HC Delhi23 Dec 2011

Bench: CASES PERTAINING TO SPL.DIVISION BENCHES

…4 IN THE HIGH COURT OF DELHI At NEW DELHI ITA! No.9 2010, IT 72 of 2009, ITA No.1324 of 2008, ITA No.29 of A No.1228 of 2010, ITA N6.1229 of 2010, ITA No.i230 |of 2010, ITA No.1710/2010, ITA No.8 of 2011, ITAiNo.339 of 2011, ITA No.613 of 2011 and ITA No.726 of 2011 Reserved on: 25'^'^ November, 2011 I • Pronounced on: 23''' December, 2011 ITaI No.972/2009 % 1) Commissioner of Income Tax -11, Central Revenue Building, New! Delhi! ' • VERSUS Kanidhenu Steel & Alloys Ltd. 2) ITAINo.1^24/2008 Gupta Citi Shelters Ltd. VERSUS Commissioner of Income Tax, New Delhi ITAiNo.29/2010 3) 4), 5) Commissioner of Income Tax VER…

Commissioner of Income Tax vs. Vijay Foils P.Ltd

Appeals of the assessee are allowed

ITA/29/2010HC Delhi23 Dec 2011

Bench: CASES PERTAINING TO SPL.DIVISION BENCHES

Section 68Section 68o

…Digitally Signed By:AMULYA Certify that the digital file and physical file have been compared and the digital data is as per the physical file and no page is missing. Signature Not Verified r IN TI{E HIGH COUR.T OF DELhII AT R{EW DEI-HI I'll'A Flo,9 72 of 2OO9, ITA h{o. L324 of 2OO8, ITA l\1o.29 of 2OLO, i[TA No.1228 of 2O10/ ITA No.L229 of' 2010, ITA No.L230 of 2O1O, ITA No.tr 71,O/2O1,O, ITA No.E of ?ALL. ITA No.339 of 2OLL( ITA No.613 of 2OtL ancl ITA No.726 of 2O1"! ,' Reserved on: 2Srh November, 2077 Pronounced on: 23'd Dql:qnhgr, 2077 ITA No.972l2OO9 Cornmissiorre:r of Income Tax -II, Central Revenue Bui…

CIT vs. Jh Finvest Pvt Ltd

Appeals of the assessee are allowed

ITA/1710/2010HC Delhi23 Dec 2011

Bench: CASES PERTAINING TO SPL.DIVISION BENCHES

Section 68Section 68o

…Digitally Signed By:AMULYA Certify that the digital file and physical file have been compared and the digital data is as per the physical file and no page is missing. Signature Not Verified r IN TI{E HIGH COUR.T OF DELhII AT R{EW DEI-HI I'll'A Flo,9 72 of 2OO9, ITA h{o. L324 of 2OO8, ITA l\1o.29 of 2OLO, i[TA No.1228 of 2O10/ ITA No.L229 of' 2010, ITA No.L230 of 2O1O, ITA No.tr 71,O/2O1,O, ITA No.E of ?ALL. ITA No.339 of 2OLL( ITA No.613 of 2OtL ancl ITA No.726 of 2O1"! ,' Reserved on: 2Srh November, 2077 Pronounced on: 23'd Dql:qnhgr, 2077 ITA No.972l2OO9 Cornmissiorre:r of Income Tax -II, Central Revenue Bui…

Infomediary India Pvt Ltd vs. Comissioner of Income Tax

Appeals of the assessee are allowed

ITA - 1228 / 2010HC Delhi23 Dec 2011
Section 68Section 68o

…2011:DHC:12104-DB 2011:DHC:12104-DB 2011:DHC:12104-DB r IN TI{E HIGH COUR.T OF DELhII AT R{EW DEI-HI I'll'A Flo,9 72 of 2OO9, ITA h{o. L324 of 2OO8, ITA l\1o.29 of 2OLO, i[TA No.1228 of 2O10/ ITA No.L229 of' 2010, ITA No.L230 of 2O1O, ITA No.tr 71,O/2O1,O, ITA No.E of ?ALL. ITA No.339 of 2OLL( ITA No.613 of 2OtL ancl ITA No.726 of 2O1"! ,' Reserved on: 2Srh November, 2077 Pronounced on: 23'd Dql:qnhgr, 2077 ITA No.972l2OO9 Cornmissiorre:r of Income Tax -II, Central Revenue Building, New Delhi VERSUS Kamdhenu Steel & Alloys Ltd. I'rA ruo.rS24l2OOE Gupta Citi Shelters Ltd. VERSUS Ccmmissioner of Income Tax,…

Commissioner of Income Tax-III vs. Sham Mohan Pvt Ltd

Appeals of the assessee are allowed

ITA - 726 / 2011HC Delhi23 Dec 2011

…@ o/o 1) IN THE HIGH COURT OF DELHI AT NEW DELHI ITA No.972 ol 2OO9t ITA No.1324 of 2OO8, ITA No.29 of ?OLO, ITA No,1228 of 2O1O, ITA No.1229 of 2O1O, ITA No.123O of 2O1O, ITA No.17LO/2OLO, ITA No.8 of 2OLL, ITA No.339 of ?OLL. ITA No.613 of ZOLL and ITA No.726 of 2011 Reserved on: 25th November, 2077 Pronounced on: 23'd December, 2077 ITA No.972l2OO9 Commissioner of Income Tax -II, Central Revenue Building, New Delhi Appellant VERSUS Kamdhenu Steel & Alloys Ltd. ITA No.1324l2OO8 Gupta Citi Shelters Ltd. VERSUS Commissioner of Income Tax, New Delhi ITA No.29l2O1O Commissioner of Income Tax .Respondent Appellant .…

Gupta Citi Shelters Ltd vs. Commissioner of Income Tax New Delhi

Appeals of the assessee are allowed

ITA - 1324 / 2008HC Delhi23 Dec 2011

…* IN THE HIGH COURT OF DELHI AT NEW DELHI + ITA No.972 of 2009, ITA No.1324 of 2008, ITA No.29 of 2010, ITA' No.1228 of 2010, ITA No.1229 of 2010, ITA No.1230 of 2010, ITA No.1710/2010, ITA No.8 of 2011, ITA No.339 of 2011, ITA No.613 of 2011 and ITA No.726 of 2011 Reserved on: 25th November, 2011 % Pronounced on: 23rd December, 2011 1) ITA' No.972/2009 Commissioner of Income Tax -II, Central Revenue Building, New Delhi VERSUS Kamdhenu Steel & Alloys Ltd. 2) ITA No.1324/2008 Gupta Citi Shelters Ltd. VERSUS Commissioner of Income Tax, New Delhi 3) ITA No.29[2010 Commissioner of Income Tax…

Commissioner of Income Tax vs. Vijay Foils P.Ltd

Appeals of the assessee are allowed

ITA - 29 / 2010HC Delhi23 Dec 2011
Section 68Section 68o

…2011:DHC:12058-DB 2011:DHC:12058-DB 2011:DHC:12058-DB r IN TI{E HIGH COUR.T OF DELhII AT R{EW DEI-HI I'll'A Flo,9 72 of 2OO9, ITA h{o. L324 of 2OO8, ITA l\1o.29 of 2OLO, i[TA No.1228 of 2O10/ ITA No.L229 of' 2010, ITA No.L230 of 2O1O, ITA No.tr 71,O/2O1,O, ITA No.E of ?ALL. ITA No.339 of 2OLL( ITA No.613 of 2OtL ancl ITA No.726 of 2O1"! ,' Reserved on: 2Srh November, 2077 Pronounced on: 23'd Dql:qnhgr, 2077 ITA No.972l2OO9 Cornmissiorre:r of Income Tax -II, Central Revenue Building, New Delhi VERSUS Kamdhenu Steel & Alloys Ltd. I'rA ruo.rS24l2OOE Gupta Citi Shelters Ltd. VERSUS Ccmmissioner of Income Tax,…