CIT v. Ajaib CIT Vs. Ajaib CIT Vs. Ajaib CIT Vs. Ajaib Singh & Co.

170 CTR 489Reported decision#9001 most cited
12

judgments rely on this decision, according to BharatTax’s citation analysis of 292,668 Indian tax judgments — from 2015 to 2018.

Judgments citing CIT v. Ajaib CIT Vs. Ajaib CIT Vs. Ajaib CIT Vs. Ajaib Singh & Co.

M/S INDUSTRIAL FILTERS & FABRICS PVT.LTD.,INDORE vs. THE JCIT, R-5 (PRESENT AO: DCIT 2(1), INDORE

In the result, the appeals filed by the assessee

ITA 961/IND/2016[2011-12]Status: DisposedITAT Indore23 Aug 2018AY 2011-12

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2007-08

Section 133(6)Section 143(3)Section 68

…cause there are certain additions/ disallowances in the assessment proceedings, it will not bring in its wake the levy of penalty. Further, the Hon'ble Punjab & Haryana High Court in case of CIT Vs. Ajaib CIT Vs. Ajaib CIT Vs. Ajaib CIT Vs. Ajaib Singh & Co. (170 CTR 489) Singh & Co. (170 CTR 489) has held that merely because certain expenses Singh & Co. (170 CTR 489) Singh & Co. (170 CTR 489) claimed by the assessee has been disallowed it does not mean that the assessee has furnished incorrect particulars of its income. Further, in the decision of Hon'ble Calcutta High Court in Burmah in Burmah in Burmah-Shell…

M/S INDUSTRIAL FILTERS & FABRICS PRIVATE LIMITED,INDORE vs. THE ACIT 2(1), INDORE

In the result, the appeals filed by the assessee

ITA 753/IND/2016[2008-09]Status: DisposedITAT Indore23 Aug 2018AY 2008-09

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2007-08

Section 133(6)Section 143(3)Section 68

…cause there are certain additions/ disallowances in the assessment proceedings, it will not bring in its wake the levy of penalty. Further, the Hon'ble Punjab & Haryana High Court in case of CIT Vs. Ajaib CIT Vs. Ajaib CIT Vs. Ajaib CIT Vs. Ajaib Singh & Co. (170 CTR 489) Singh & Co. (170 CTR 489) has held that merely because certain expenses Singh & Co. (170 CTR 489) Singh & Co. (170 CTR 489) claimed by the assessee has been disallowed it does not mean that the assessee has furnished incorrect particulars of its income. Further, in the decision of Hon'ble Calcutta High Court in Burmah in Burmah in Burmah-Shell…

M/S INDUSTRIAL FILTERS & FABRICS PRIVATE LIMITED,INDORE vs. THE ACIT 2(1), INDORE

In the result, the appeals filed by the assessee

ITA 752/IND/2016[2007-08]Status: DisposedITAT Indore23 Aug 2018AY 2007-08

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2007-08

Section 133(6)Section 143(3)Section 68

…cause there are certain additions/ disallowances in the assessment proceedings, it will not bring in its wake the levy of penalty. Further, the Hon'ble Punjab & Haryana High Court in case of CIT Vs. Ajaib CIT Vs. Ajaib CIT Vs. Ajaib CIT Vs. Ajaib Singh & Co. (170 CTR 489) Singh & Co. (170 CTR 489) has held that merely because certain expenses Singh & Co. (170 CTR 489) Singh & Co. (170 CTR 489) claimed by the assessee has been disallowed it does not mean that the assessee has furnished incorrect particulars of its income. Further, in the decision of Hon'ble Calcutta High Court in Burmah in Burmah in Burmah-Shell…

M/S INDUSTRIAL FILTERS & FABRICS PRIVATE LIMITED,INDORE vs. THE ACIT-2(1), INDORE

In the result, the appeals filed by the assessee

ITA 293/IND/2016[2012-13]Status: DisposedITAT Indore23 Aug 2018AY 2012-13

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2007-08

Section 133(6)Section 143(3)Section 68

…cause there are certain additions/ disallowances in the assessment proceedings, it will not bring in its wake the levy of penalty. Further, the Hon'ble Punjab & Haryana High Court in case of CIT Vs. Ajaib CIT Vs. Ajaib CIT Vs. Ajaib CIT Vs. Ajaib Singh & Co. (170 CTR 489) Singh & Co. (170 CTR 489) has held that merely because certain expenses Singh & Co. (170 CTR 489) Singh & Co. (170 CTR 489) claimed by the assessee has been disallowed it does not mean that the assessee has furnished incorrect particulars of its income. Further, in the decision of Hon'ble Calcutta High Court in Burmah in Burmah in Burmah-Shell…

M/S INDUSTRIAL FILTERS AND FABRICS PVT. LTD.,INDORE vs. THE ADDL. CIT- RANGE-5, INDORE

In the result, the appeals filed by the assessee

ITA 484/IND/2012[2008-09]Status: DisposedITAT Indore23 Aug 2018AY 2008-09

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2007-08

Section 133(6)Section 143(3)Section 68

…cause there are certain additions/ disallowances in the assessment proceedings, it will not bring in its wake the levy of penalty. Further, the Hon'ble Punjab & Haryana High Court in case of CIT Vs. Ajaib CIT Vs. Ajaib CIT Vs. Ajaib CIT Vs. Ajaib Singh & Co. (170 CTR 489) Singh & Co. (170 CTR 489) has held that merely because certain expenses Singh & Co. (170 CTR 489) Singh & Co. (170 CTR 489) claimed by the assessee has been disallowed it does not mean that the assessee has furnished incorrect particulars of its income. Further, in the decision of Hon'ble Calcutta High Court in Burmah in Burmah in Burmah-Shell…

M/S INDUSTRIAL FILTERS & FABRICS PRIVATE LIMITED,INDORE vs. THE ACIT 2(1), INDORE

In the result, the appeals filed by the assessee

ITA 754/IND/2016[2009-10]Status: DisposedITAT Indore23 Aug 2018AY 2009-10

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2007-08

Section 133(6)Section 143(3)Section 68

…cause there are certain additions/ disallowances in the assessment proceedings, it will not bring in its wake the levy of penalty. Further, the Hon'ble Punjab & Haryana High Court in case of CIT Vs. Ajaib CIT Vs. Ajaib CIT Vs. Ajaib CIT Vs. Ajaib Singh & Co. (170 CTR 489) Singh & Co. (170 CTR 489) has held that merely because certain expenses Singh & Co. (170 CTR 489) Singh & Co. (170 CTR 489) claimed by the assessee has been disallowed it does not mean that the assessee has furnished incorrect particulars of its income. Further, in the decision of Hon'ble Calcutta High Court in Burmah in Burmah in Burmah-Shell…

M/S INDUSTRIAL FILTERS AND FABRICS PVT. LTD.,INDORE vs. THE ACIT 5(1), INDORE

In the result, the appeals filed by the assessee

ITA 404/IND/2012[2007-08]Status: DisposedITAT Indore23 Aug 2018AY 2007-08

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2007-08

Section 133(6)Section 143(3)Section 68

…cause there are certain additions/ disallowances in the assessment proceedings, it will not bring in its wake the levy of penalty. Further, the Hon'ble Punjab & Haryana High Court in case of CIT Vs. Ajaib CIT Vs. Ajaib CIT Vs. Ajaib CIT Vs. Ajaib Singh & Co. (170 CTR 489) Singh & Co. (170 CTR 489) has held that merely because certain expenses Singh & Co. (170 CTR 489) Singh & Co. (170 CTR 489) claimed by the assessee has been disallowed it does not mean that the assessee has furnished incorrect particulars of its income. Further, in the decision of Hon'ble Calcutta High Court in Burmah in Burmah in Burmah-Shell…

VINYL CHEMICALS (INDIA) LTD,MUMBAI vs. DCIT CIR 3(3), MUMBAI

In the result, appeal of assessee is allowed in terms indicated hereinabove

ITA 3598/MUM/2015[2006-07]Status: DisposedITAT Mumbai23 Oct 2017AY 2006-07

Bench: Shri R.C.Sharma, Am & Shri Sandeep Gosain, Jm M/S. Vinyl Chemicals (India) Vs. Dcit Cir 3(3), Mumbai Ltd., 7Th Floor, Regent Chambers, Nariman Point, Mumbai – 400 021 Pan/Gir No.Aaacv2410Q Appellant) .. Respondent)

Section 143(3)Section 271(1)(c)

…t merely there are certain additions / disallowance in the assessment proceedings, it will not bring in its wake the levy of penalty. Further, the Hon'ble Punjab & Haryana High Court in 6 M/s. Vinyle Chemicals (India) Ltd., case of CIT Vs. Ajaib Singh & Co. (170 CTR 489) has held that merely because certain expenses claimed by the assessee has been disallowed it does not mean that the assessee has furnished incorrect particulars of its income. 13. Further, in the decision of Hon'ble Calcutta High Court in Burmah- Shell Oil Storage and Distribution Co. of India Ltd. Vs. ITO (112 ITR 592) wherein it has been held…

DCIT 22(2), NAVI MUMBAI vs. RAJESH BUILDERS, MUMBAI

In the result, appeals of assessee in ITA Nos

ITA 6131/MUM/2012[2005-06]Status: DisposedITAT Mumbai31 May 2017AY 2005-06

Bench: Sri Mahavir Singh, Jm & Sri Rajesh Kumar, Am

Section 143(3)Section 254Section 271(1)(c)

…High Court in the case of Burmah-Shell Oil Storage and Distribution Co. of India Ltd Vs. 110 (112 ITR 592). Then the Honbie Bombay High Court in the case of CIT Vs. Shivial Desai & Sons (1978) (114 ITR 388) and again in the case of CIT Vs. Ajaib Singh & Co. (170 CTR 489), the Hon'ble Punjab & Haryana High Court decided that merely because there are certain additions / disallowances same will not attract penalty. On the facts, the case of the appellant is covered by the decision given in Reliance Petro Chemicals by Hon'ble Supreme Court where in it was decided by Hon’ble Court that” Aggrieved now, Revenue is in…

RAJESH BUILDER,MUMBAI vs. DCIT 22(2), MUMBAI

In the result, appeals of assessee in ITA Nos

ITA 2955/MUM/2012[2008-09]Status: DisposedITAT Mumbai31 May 2017AY 2008-09

Bench: Sri Mahavir Singh, Jm & Sri Rajesh Kumar, Am

Section 143(3)Section 254Section 271(1)(c)

…High Court in the case of Burmah-Shell Oil Storage and Distribution Co. of India Ltd Vs. 110 (112 ITR 592). Then the Honbie Bombay High Court in the case of CIT Vs. Shivial Desai & Sons (1978) (114 ITR 388) and again in the case of CIT Vs. Ajaib Singh & Co. (170 CTR 489), the Hon'ble Punjab & Haryana High Court decided that merely because there are certain additions / disallowances same will not attract penalty. On the facts, the case of the appellant is covered by the decision given in Reliance Petro Chemicals by Hon'ble Supreme Court where in it was decided by Hon’ble Court that” Aggrieved now, Revenue is in…

RAJESH BUILDER,MUMBAI vs. CIT 22, MUMBAI

In the result, appeals of assessee in ITA Nos

ITA 2954/MUM/2012[2007-08]Status: DisposedITAT Mumbai31 May 2017AY 2007-08

Bench: Sri Mahavir Singh, Jm & Sri Rajesh Kumar, Am

Section 143(3)Section 254Section 271(1)(c)

…High Court in the case of Burmah-Shell Oil Storage and Distribution Co. of India Ltd Vs. 110 (112 ITR 592). Then the Honbie Bombay High Court in the case of CIT Vs. Shivial Desai & Sons (1978) (114 ITR 388) and again in the case of CIT Vs. Ajaib Singh & Co. (170 CTR 489), the Hon'ble Punjab & Haryana High Court decided that merely because there are certain additions / disallowances same will not attract penalty. On the facts, the case of the appellant is covered by the decision given in Reliance Petro Chemicals by Hon'ble Supreme Court where in it was decided by Hon’ble Court that” Aggrieved now, Revenue is in…

MOHAIR INVESTMENT AND TRADING COMPANY (P) LTD.,,NEW DELHI vs. DCIT, NEW DELHI

In the result the appeal of the assessee is allowed

ITA 4677/DEL/2009[2001-02]Status: DisposedITAT Delhi27 Nov 2015AY 2001-02

Bench: Shri A.T. Varkey & Shri O.P. Kant

For Appellant: Shri Gaurav Jain, Advocate and Bhavita Kumar, AdvocateFor Respondent: Shri P. Dam Kanunjna, Senior DR
Section 115Section 143Section 14ASection 271(1)(c)Section 275(1)(a)

…IN THE INCOME TAX APPELLATE TRIBUNAL (DELHI BENCH ‘E’ : NEW DELHI) BEFORE SHRI A.T. VARKEY, JUDICIAL MEMBER and SHRI O.P. KANT, ACCOUNTANT MEMBER ITA No.4677/Del./2009 (ASSESSMENT YEAR : 2001-02) M/s. Mohair Investment and Trading vs. DCIT, Circle 5 (1), Company (P) Limited, New Delhi. 15, Aurangzeb Road, New Delhi – 110 011. (PAN : AAACM0345D) (APPELLANT) (RESPONDENT) ASSESSEE BY : Shri Gaurav Jain, Advocate and Bhavita Kumar, Advocate REVENUE BY : Shri P. Dam Kanunjna, Senior DR Date of Hearing : 02.09.2015 Date of Pronouncement : 27.11.2015 O R D E R PER A.T. VARKEY, JUDICIAL MEMBER : This appeal, at the in…