Bharati Pvt Ltd. v. CIT W.B

111 ITR 991High Court1978#5924 most cited

What is Bharati Pvt Ltd. v. CIT W.B authority for?

The CIT(A) can delete an addition made by the Assessing Officer, even if it involves a large sum and a complex financial mechanism, if the evidence supports the deletion.

19

judgments rely on this decision, according to BharatTax’s citation analysis of 366,339 Indian tax judgments — from 2021 to 2021.

Also referred to as

Bharati Pvt Ltd v CIT W.B · 111 ITR 991 · section 68 · addition · CIT(A) deletion · fluid mechanism · routing transactions · companies

Issues it is cited on

section 31paper companysection 251(2)share capital and share premiumsource of sourcecreditworthiness of the creditorsection 251(1)(a)live linkadmission of additional evidenceentry operatorshare application moneyaddition u/s 68

Judgments citing Bharati Pvt Ltd. v. CIT W.B

Kasper Information Technology Pvt. Ltd., New Delhi vs. ITO Ward-14(2), New Delhi

ITA 9357/DEL/2019[2012-13]Status: DisposedITAT Delhi18 Mar 2021AY 2012-13

Bench: Shri Amit Shukla & Shri Prashant Maharishi

…has deleted addition of • CIT V Sree Meenakshi Mills Rs. 73.5 crores and Ltd 63 ITR 609 made addition of Rs. • CIT V Precision Finance Ltd 1.74 crores @ 2 percent (1994) 208 ITR 405 for routing these • Bharati Pvt Ltd V CIT W.B. transactions of having (1978) 111 ITR 991 been providing a fluid • CIT V Frostair (P) Ltd ITA No. mechanism from one 183 0f 2002 and 1638 of company to another. 2006 (Page – 37, Para 7.10 – • CIT V Youth Construction CIT(A)’s order) (P) Ltd 44 taxmann 364 • Vaibhav Cotton Co Pvt Ltd, Indore V AssesseeITA No. 253/Ind/2010 Indore Bench • Bombay Oil Industries ltd V DCIT [2000] 82 ITD 626 •…

ITO Ward - 14(2), New Delhi vs. Kasper Information Technology Pvt Ltd, New Delhi

ITA 9287/DEL/2019[2012-13]Status: DisposedITAT Delhi18 Mar 2021AY 2012-13

Bench: Shri Amit Shukla & Shri Prashant Maharishi

…has deleted addition of • CIT V Sree Meenakshi Mills Rs. 73.5 crores and Ltd 63 ITR 609 made addition of Rs. • CIT V Precision Finance Ltd 1.74 crores @ 2 percent (1994) 208 ITR 405 for routing these • Bharati Pvt Ltd V CIT W.B. transactions of having (1978) 111 ITR 991 been providing a fluid • CIT V Frostair (P) Ltd ITA No. mechanism from one 183 0f 2002 and 1638 of company to another. 2006 (Page – 37, Para 7.10 – • CIT V Youth Construction CIT(A)’s order) (P) Ltd 44 taxmann 364 • Vaibhav Cotton Co Pvt Ltd, Indore V AssesseeITA No. 253/Ind/2010 Indore Bench • Bombay Oil Industries ltd V DCIT [2000] 82 ITD 626 •…

ITO Ward - 13(3), New Delhi vs. Jingle Bells Aluminium Pvt. Ltd., New Delhi

ITA 5527/DEL/2019[2012-13]Status: DisposedITAT Delhi18 Mar 2021AY 2012-13

Bench: Shri Amit Shukla & Shri Prashant Maharishi

…has deleted addition of • CIT V Sree Meenakshi Mills Rs. 73.5 crores and Ltd 63 ITR 609 made addition of Rs. • CIT V Precision Finance Ltd 1.74 crores @ 2 percent (1994) 208 ITR 405 for routing these • Bharati Pvt Ltd V CIT W.B. transactions of having (1978) 111 ITR 991 been providing a fluid • CIT V Frostair (P) Ltd ITA No. mechanism from one 183 0f 2002 and 1638 of company to another. 2006 (Page – 37, Para 7.10 – • CIT V Youth Construction CIT(A)’s order) (P) Ltd 44 taxmann 364 • Vaibhav Cotton Co Pvt Ltd, Indore V AssesseeITA No. 253/Ind/2010 Indore Bench • Bombay Oil Industries ltd V DCIT [2000] 82 ITD 626 •…

Jingle Bells Aluminium, New Delhi vs. ITO Ward - 13(3), New Delhi

ITA 5397/DEL/2019[2012-13]Status: DisposedITAT Delhi18 Mar 2021AY 2012-13

Bench: Shri Amit Shukla & Shri Prashant Maharishi

…has deleted addition of • CIT V Sree Meenakshi Mills Rs. 73.5 crores and Ltd 63 ITR 609 made addition of Rs. • CIT V Precision Finance Ltd 1.74 crores @ 2 percent (1994) 208 ITR 405 for routing these • Bharati Pvt Ltd V CIT W.B. transactions of having (1978) 111 ITR 991 been providing a fluid • CIT V Frostair (P) Ltd ITA No. mechanism from one 183 0f 2002 and 1638 of company to another. 2006 (Page – 37, Para 7.10 – • CIT V Youth Construction CIT(A)’s order) (P) Ltd 44 taxmann 364 • Vaibhav Cotton Co Pvt Ltd, Indore V AssesseeITA No. 253/Ind/2010 Indore Bench • Bombay Oil Industries ltd V DCIT [2000] 82 ITD 626 •…

Kasper Information Technology P.Ltd, New Delhi vs. ITO, Ward-14(2), New Delhi

ITA 510/DEL/2019[2013-14]Status: DisposedITAT Delhi18 Mar 2021AY 2013-14

Bench: Shri Amit Shukla & Shri Prashant Maharishi

…has deleted addition of • CIT V Sree Meenakshi Mills Rs. 73.5 crores and Ltd 63 ITR 609 made addition of Rs. • CIT V Precision Finance Ltd 1.74 crores @ 2 percent (1994) 208 ITR 405 for routing these • Bharati Pvt Ltd V CIT W.B. transactions of having (1978) 111 ITR 991 been providing a fluid • CIT V Frostair (P) Ltd ITA No. mechanism from one 183 0f 2002 and 1638 of company to another. 2006 (Page – 37, Para 7.10 – • CIT V Youth Construction CIT(A)’s order) (P) Ltd 44 taxmann 364 • Vaibhav Cotton Co Pvt Ltd, Indore V AssesseeITA No. 253/Ind/2010 Indore Bench • Bombay Oil Industries ltd V DCIT [2000] 82 ITD 626 •…

Landsky Real Estates P.Ltd, New Delhi vs. ITO, Ward-15(1), New Delhi

ITA 509/DEL/2019[2013-14]Status: DisposedITAT Delhi18 Mar 2021AY 2013-14

Bench: Shri Amit Shukla & Shri Prashant Maharishi

…has deleted addition of • CIT V Sree Meenakshi Mills Rs. 73.5 crores and Ltd 63 ITR 609 made addition of Rs. • CIT V Precision Finance Ltd 1.74 crores @ 2 percent (1994) 208 ITR 405 for routing these • Bharati Pvt Ltd V CIT W.B. transactions of having (1978) 111 ITR 991 been providing a fluid • CIT V Frostair (P) Ltd ITA No. mechanism from one 183 0f 2002 and 1638 of company to another. 2006 (Page – 37, Para 7.10 – • CIT V Youth Construction CIT(A)’s order) (P) Ltd 44 taxmann 364 • Vaibhav Cotton Co Pvt Ltd, Indore V AssesseeITA No. 253/Ind/2010 Indore Bench • Bombay Oil Industries ltd V DCIT [2000] 82 ITD 626 •…

ITO, Ward-7(1), New Delhi vs. Delight Resorts P.Ltd, Ghaziabad

ITA 6401/DEL/2017[2014-15]Status: DisposedITAT Delhi18 Mar 2021AY 2014-15

Bench: Shri Amit Shukla & Shri Prashant Maharishi

…has deleted addition of • CIT V Sree Meenakshi Mills Rs. 73.5 crores and Ltd 63 ITR 609 made addition of Rs. • CIT V Precision Finance Ltd 1.74 crores @ 2 percent (1994) 208 ITR 405 for routing these • Bharati Pvt Ltd V CIT W.B. transactions of having (1978) 111 ITR 991 been providing a fluid • CIT V Frostair (P) Ltd ITA No. mechanism from one 183 0f 2002 and 1638 of company to another. 2006 (Page – 37, Para 7.10 – • CIT V Youth Construction CIT(A)’s order) (P) Ltd 44 taxmann 364 • Vaibhav Cotton Co Pvt Ltd, Indore V AssesseeITA No. 253/Ind/2010 Indore Bench • Bombay Oil Industries ltd V DCIT [2000] 82 ITD 626 •…

ITO, Ward-7(1), New Delhi vs. Delight Resorts P.Ltd, New Delhi

ITA 5974/DEL/2017[2012-13]Status: DisposedITAT Delhi18 Mar 2021AY 2012-13

Bench: Shri Amit Shukla & Shri Prashant Maharishi

…has deleted addition of • CIT V Sree Meenakshi Mills Rs. 73.5 crores and Ltd 63 ITR 609 made addition of Rs. • CIT V Precision Finance Ltd 1.74 crores @ 2 percent (1994) 208 ITR 405 for routing these • Bharati Pvt Ltd V CIT W.B. transactions of having (1978) 111 ITR 991 been providing a fluid • CIT V Frostair (P) Ltd ITA No. mechanism from one 183 0f 2002 and 1638 of company to another. 2006 (Page – 37, Para 7.10 – • CIT V Youth Construction CIT(A)’s order) (P) Ltd 44 taxmann 364 • Vaibhav Cotton Co Pvt Ltd, Indore V AssesseeITA No. 253/Ind/2010 Indore Bench • Bombay Oil Industries ltd V DCIT [2000] 82 ITD 626 •…

M/S Globus Real Infra Pvt. Ltd., New Delhi vs. DCIT, New Delhi

ITA 2920/DEL/2017[2013-14]Status: DisposedITAT Delhi18 Mar 2021AY 2013-14

Bench: Shri Amit Shukla & Shri Prashant Maharishi

…has deleted addition of • CIT V Sree Meenakshi Mills Rs. 73.5 crores and Ltd 63 ITR 609 made addition of Rs. • CIT V Precision Finance Ltd 1.74 crores @ 2 percent (1994) 208 ITR 405 for routing these • Bharati Pvt Ltd V CIT W.B. transactions of having (1978) 111 ITR 991 been providing a fluid • CIT V Frostair (P) Ltd ITA No. mechanism from one 183 0f 2002 and 1638 of company to another. 2006 (Page – 37, Para 7.10 – • CIT V Youth Construction CIT(A)’s order) (P) Ltd 44 taxmann 364 • Vaibhav Cotton Co Pvt Ltd, Indore V AssesseeITA No. 253/Ind/2010 Indore Bench • Bombay Oil Industries ltd V DCIT [2000] 82 ITD 626 •…

ACIT, New Delhi vs. M/S. Star Light Consumer Electronics Pvt. Ltd., New Delhi

ITA 6070/DEL/2016[2012-13]Status: DisposedITAT Delhi18 Mar 2021AY 2012-13

Bench: Shri Amit Shukla & Shri Prashant Maharishi

…has deleted addition of • CIT V Sree Meenakshi Mills Rs. 73.5 crores and Ltd 63 ITR 609 made addition of Rs. • CIT V Precision Finance Ltd 1.74 crores @ 2 percent (1994) 208 ITR 405 for routing these • Bharati Pvt Ltd V CIT W.B. transactions of having (1978) 111 ITR 991 been providing a fluid • CIT V Frostair (P) Ltd ITA No. mechanism from one 183 0f 2002 and 1638 of company to another. 2006 (Page – 37, Para 7.10 – • CIT V Youth Construction CIT(A)’s order) (P) Ltd 44 taxmann 364 • Vaibhav Cotton Co Pvt Ltd, Indore V AssesseeITA No. 253/Ind/2010 Indore Bench • Bombay Oil Industries ltd V DCIT [2000] 82 ITD 626 •…

ACIT, New Delhi vs. M/S. Superstar Agency Pvt. Ltd., New Delhi

ITA 5832/DEL/2016[2012-13]Status: DisposedITAT Delhi18 Mar 2021AY 2012-13

Bench: Shri Amit Shukla & Shri Prashant Maharishi

…has deleted addition of • CIT V Sree Meenakshi Mills Rs. 73.5 crores and Ltd 63 ITR 609 made addition of Rs. • CIT V Precision Finance Ltd 1.74 crores @ 2 percent (1994) 208 ITR 405 for routing these • Bharati Pvt Ltd V CIT W.B. transactions of having (1978) 111 ITR 991 been providing a fluid • CIT V Frostair (P) Ltd ITA No. mechanism from one 183 0f 2002 and 1638 of company to another. 2006 (Page – 37, Para 7.10 – • CIT V Youth Construction CIT(A)’s order) (P) Ltd 44 taxmann 364 • Vaibhav Cotton Co Pvt Ltd, Indore V AssesseeITA No. 253/Ind/2010 Indore Bench • Bombay Oil Industries ltd V DCIT [2000] 82 ITD 626 •…

ACIT, New Delhi vs. M/S. Sur Buildcon Pvt. Ltd., New Delhi

ITA 5831/DEL/2016[2012-13]Status: DisposedITAT Delhi18 Mar 2021AY 2012-13

Bench: Shri Amit Shukla & Shri Prashant Maharishi

…has deleted addition of • CIT V Sree Meenakshi Mills Rs. 73.5 crores and Ltd 63 ITR 609 made addition of Rs. • CIT V Precision Finance Ltd 1.74 crores @ 2 percent (1994) 208 ITR 405 for routing these • Bharati Pvt Ltd V CIT W.B. transactions of having (1978) 111 ITR 991 been providing a fluid • CIT V Frostair (P) Ltd ITA No. mechanism from one 183 0f 2002 and 1638 of company to another. 2006 (Page – 37, Para 7.10 – • CIT V Youth Construction CIT(A)’s order) (P) Ltd 44 taxmann 364 • Vaibhav Cotton Co Pvt Ltd, Indore V AssesseeITA No. 253/Ind/2010 Indore Bench • Bombay Oil Industries ltd V DCIT [2000] 82 ITD 626 •…

ITO, New Delhi vs. M/S Stylish Construction Pvt. Ltd., New Delhi

ITA 5744/DEL/2016[2012-13]Status: DisposedITAT Delhi18 Mar 2021AY 2012-13

Bench: Shri Amit Shukla & Shri Prashant Maharishi

…has deleted addition of • CIT V Sree Meenakshi Mills Rs. 73.5 crores and Ltd 63 ITR 609 made addition of Rs. • CIT V Precision Finance Ltd 1.74 crores @ 2 percent (1994) 208 ITR 405 for routing these • Bharati Pvt Ltd V CIT W.B. transactions of having (1978) 111 ITR 991 been providing a fluid • CIT V Frostair (P) Ltd ITA No. mechanism from one 183 0f 2002 and 1638 of company to another. 2006 (Page – 37, Para 7.10 – • CIT V Youth Construction CIT(A)’s order) (P) Ltd 44 taxmann 364 • Vaibhav Cotton Co Pvt Ltd, Indore V AssesseeITA No. 253/Ind/2010 Indore Bench • Bombay Oil Industries ltd V DCIT [2000] 82 ITD 626 •…

ITO, New Delhi vs. M/S. Sukhna Real Estate Pvt. Ltd., Ghaziabad

ITA 5742/DEL/2016[2012-13]Status: DisposedITAT Delhi18 Mar 2021AY 2012-13

Bench: Shri Amit Shukla & Shri Prashant Maharishi

…has deleted addition of • CIT V Sree Meenakshi Mills Rs. 73.5 crores and Ltd 63 ITR 609 made addition of Rs. • CIT V Precision Finance Ltd 1.74 crores @ 2 percent (1994) 208 ITR 405 for routing these • Bharati Pvt Ltd V CIT W.B. transactions of having (1978) 111 ITR 991 been providing a fluid • CIT V Frostair (P) Ltd ITA No. mechanism from one 183 0f 2002 and 1638 of company to another. 2006 (Page – 37, Para 7.10 – • CIT V Youth Construction CIT(A)’s order) (P) Ltd 44 taxmann 364 • Vaibhav Cotton Co Pvt Ltd, Indore V AssesseeITA No. 253/Ind/2010 Indore Bench • Bombay Oil Industries ltd V DCIT [2000] 82 ITD 626 •…

ITO, New Delhi vs. M/S. Sukhna Steel Pvt. Ltd., New Delhi

ITA 5741/DEL/2016[2012-13]Status: DisposedITAT Delhi18 Mar 2021AY 2012-13

Bench: Shri Amit Shukla & Shri Prashant Maharishi

…has deleted addition of • CIT V Sree Meenakshi Mills Rs. 73.5 crores and Ltd 63 ITR 609 made addition of Rs. • CIT V Precision Finance Ltd 1.74 crores @ 2 percent (1994) 208 ITR 405 for routing these • Bharati Pvt Ltd V CIT W.B. transactions of having (1978) 111 ITR 991 been providing a fluid • CIT V Frostair (P) Ltd ITA No. mechanism from one 183 0f 2002 and 1638 of company to another. 2006 (Page – 37, Para 7.10 – • CIT V Youth Construction CIT(A)’s order) (P) Ltd 44 taxmann 364 • Vaibhav Cotton Co Pvt Ltd, Indore V AssesseeITA No. 253/Ind/2010 Indore Bench • Bombay Oil Industries ltd V DCIT [2000] 82 ITD 626 •…

ITO, New Delhi vs. M/S. Sunlight Tour and Travels Pvt. Ltd., Sahibabad

ITA 5740/DEL/2016[2012-13]Status: DisposedITAT Delhi18 Mar 2021AY 2012-13

Bench: Shri Amit Shukla & Shri Prashant Maharishi

…has deleted addition of • CIT V Sree Meenakshi Mills Rs. 73.5 crores and Ltd 63 ITR 609 made addition of Rs. • CIT V Precision Finance Ltd 1.74 crores @ 2 percent (1994) 208 ITR 405 for routing these • Bharati Pvt Ltd V CIT W.B. transactions of having (1978) 111 ITR 991 been providing a fluid • CIT V Frostair (P) Ltd ITA No. mechanism from one 183 0f 2002 and 1638 of company to another. 2006 (Page – 37, Para 7.10 – • CIT V Youth Construction CIT(A)’s order) (P) Ltd 44 taxmann 364 • Vaibhav Cotton Co Pvt Ltd, Indore V AssesseeITA No. 253/Ind/2010 Indore Bench • Bombay Oil Industries ltd V DCIT [2000] 82 ITD 626 •…

ITO, New Delhi vs. M/S. Sintex Consumers Electronics Pvt. Ltd., Delhi

ITA 5736/DEL/2016[2012-13]Status: DisposedITAT Delhi18 Mar 2021AY 2012-13

Bench: Shri Amit Shukla & Shri Prashant Maharishi

…has deleted addition of • CIT V Sree Meenakshi Mills Rs. 73.5 crores and Ltd 63 ITR 609 made addition of Rs. • CIT V Precision Finance Ltd 1.74 crores @ 2 percent (1994) 208 ITR 405 for routing these • Bharati Pvt Ltd V CIT W.B. transactions of having (1978) 111 ITR 991 been providing a fluid • CIT V Frostair (P) Ltd ITA No. mechanism from one 183 0f 2002 and 1638 of company to another. 2006 (Page – 37, Para 7.10 – • CIT V Youth Construction CIT(A)’s order) (P) Ltd 44 taxmann 364 • Vaibhav Cotton Co Pvt Ltd, Indore V AssesseeITA No. 253/Ind/2010 Indore Bench • Bombay Oil Industries ltd V DCIT [2000] 82 ITD 626 •…

ITO, New Delhi vs. M/S. Supreme Placement Services Pvt. Ltd., New Delhi

ITA 5650/DEL/2016[2012-13]Status: DisposedITAT Delhi18 Mar 2021AY 2012-13

Bench: Shri Amit Shukla & Shri Prashant Maharishi

…has deleted addition of • CIT V Sree Meenakshi Mills Rs. 73.5 crores and Ltd 63 ITR 609 made addition of Rs. • CIT V Precision Finance Ltd 1.74 crores @ 2 percent (1994) 208 ITR 405 for routing these • Bharati Pvt Ltd V CIT W.B. transactions of having (1978) 111 ITR 991 been providing a fluid • CIT V Frostair (P) Ltd ITA No. mechanism from one 183 0f 2002 and 1638 of company to another. 2006 (Page – 37, Para 7.10 – • CIT V Youth Construction CIT(A)’s order) (P) Ltd 44 taxmann 364 • Vaibhav Cotton Co Pvt Ltd, Indore V AssesseeITA No. 253/Ind/2010 Indore Bench • Bombay Oil Industries ltd V DCIT [2000] 82 ITD 626 •…

ITO, New Delhi vs. M/S Angel Cement Pvt. Ltd., Ghaziabad

ITA 4691/DEL/2016[2012-13]Status: DisposedITAT Delhi18 Mar 2021AY 2012-13

Bench: Shri Amit Shukla & Shri Prashant Maharishi

…has deleted addition of • CIT V Sree Meenakshi Mills Rs. 73.5 crores and Ltd 63 ITR 609 made addition of Rs. • CIT V Precision Finance Ltd 1.74 crores @ 2 percent (1994) 208 ITR 405 for routing these • Bharati Pvt Ltd V CIT W.B. transactions of having (1978) 111 ITR 991 been providing a fluid • CIT V Frostair (P) Ltd ITA No. mechanism from one 183 0f 2002 and 1638 of company to another. 2006 (Page – 37, Para 7.10 – • CIT V Youth Construction CIT(A)’s order) (P) Ltd 44 taxmann 364 • Vaibhav Cotton Co Pvt Ltd, Indore V AssesseeITA No. 253/Ind/2010 Indore Bench • Bombay Oil Industries ltd V DCIT [2000] 82 ITD 626 •…

Bharati Pvt Ltd. v. CIT W.B (111 ITR 991) — Cited in 19 Judgments | BharatTax