CIT v. Good View Trading (P) Ltd.

77 Taxmann.com 204High Court2017#4715 most cited

What is CIT v. Good View Trading (P) Ltd. authority for?

Share applicants' ability to invest in a company is not solely determined by the income they declare or taxes they pay; the Assessing Officer must conduct a deeper analysis of their substantial means.

25

judgments rely on this decision, according to BharatTax’s citation analysis of 366,314 Indian tax judgments — from 2021 to 2025.

Also referred to as

CIT v. Good View Trading (P) Ltd. · 77 taxmann.com 204 · share capital · share premium · section 68 · substantial means · creditworthiness · AO analysis · prima facie evidence · evidence of investment

Sections most often in play

Section 144BSection 147Section 148Section 148ASection 250Section 69ASection 69C

Issues it is cited on

section 66section 153a proceedingsaudi alteram partemmlipermanent account numbershare capital and share premiumsection 56(2)(vii)section 260asection 260live linkaddition under section 68section 132(1)

Judgments citing CIT v. Good View Trading (P) Ltd.

ACIT, Central Circle- 13, New Delhi vs. Jay Auto Components Ltd., New Delhi

ITA 6624/DEL/2017[2011-12]Status: DisposedITAT Delhi23 Dec 2021AY 2011-12

Bench: Shri Anil Chaturvedi & Shri Amit Shukla

Section 132(1)Section 153A

…IN THE INCOME TAX APPELLATE TRIBUNAL (DELHI BENCH ‘C’ : NEW DELHI) BEFORE SHRI ANIL CHATURVEDI, ACCOUNTANT MEMBER and SHRI AMIT SHUKLA, JUDICIAL MEMBER ITA No.6627/Del./2017 (ASSESSMENT YEAR : 2008-09) ITA No.6622/Del./2017 (ASSESSMENT YEAR : 2009-10) ITA No.6623/Del./2017 (ASSESSMENT YEAR : 2010-11) ITA No.6624/Del./2017 (ASSESSMENT YEAR : 2011-12) ITA No.6625/Del./2017 (ASSESSMENT YEAR : 2012-13) ACIT, Central Circle 13, vs. M/s. Jay Auto Components Ltd., New Delhi. GI – 48, G.T. Karnal Road Indl.Area, Delhi. (PAN : AABCJ6597P) ITA No.6626/Del./2017 (ASSESSMENT YEAR : 2008-09) ITA No.6639/Del./2017 (AS…

ACIT, Central Circle- 13, New Delhi vs. Jay Auto Components Ltd., New Delhi

ITA 6623/DEL/2017[2010-11]Status: DisposedITAT Delhi23 Dec 2021AY 2010-11

Bench: Shri Anil Chaturvedi & Shri Amit Shukla

Section 132(1)Section 153A

…IN THE INCOME TAX APPELLATE TRIBUNAL (DELHI BENCH ‘C’ : NEW DELHI) BEFORE SHRI ANIL CHATURVEDI, ACCOUNTANT MEMBER and SHRI AMIT SHUKLA, JUDICIAL MEMBER ITA No.6627/Del./2017 (ASSESSMENT YEAR : 2008-09) ITA No.6622/Del./2017 (ASSESSMENT YEAR : 2009-10) ITA No.6623/Del./2017 (ASSESSMENT YEAR : 2010-11) ITA No.6624/Del./2017 (ASSESSMENT YEAR : 2011-12) ITA No.6625/Del./2017 (ASSESSMENT YEAR : 2012-13) ACIT, Central Circle 13, vs. M/s. Jay Auto Components Ltd., New Delhi. GI – 48, G.T. Karnal Road Indl.Area, Delhi. (PAN : AABCJ6597P) ITA No.6626/Del./2017 (ASSESSMENT YEAR : 2008-09) ITA No.6639/Del./2017 (AS…

ACIT, Central Circle- 13, New Delhi vs. Jay Auto Components Ltd., New Delhi

ITA 6622/DEL/2017[2009-10]Status: DisposedITAT Delhi23 Dec 2021AY 2009-10

Bench: Shri Anil Chaturvedi & Shri Amit Shukla

Section 132(1)Section 153A

…IN THE INCOME TAX APPELLATE TRIBUNAL (DELHI BENCH ‘C’ : NEW DELHI) BEFORE SHRI ANIL CHATURVEDI, ACCOUNTANT MEMBER and SHRI AMIT SHUKLA, JUDICIAL MEMBER ITA No.6627/Del./2017 (ASSESSMENT YEAR : 2008-09) ITA No.6622/Del./2017 (ASSESSMENT YEAR : 2009-10) ITA No.6623/Del./2017 (ASSESSMENT YEAR : 2010-11) ITA No.6624/Del./2017 (ASSESSMENT YEAR : 2011-12) ITA No.6625/Del./2017 (ASSESSMENT YEAR : 2012-13) ACIT, Central Circle 13, vs. M/s. Jay Auto Components Ltd., New Delhi. GI – 48, G.T. Karnal Road Indl.Area, Delhi. (PAN : AABCJ6597P) ITA No.6626/Del./2017 (ASSESSMENT YEAR : 2008-09) ITA No.6639/Del./2017 (AS…

A.C.I.T., Circle-49(1), Kolkata vs. M/S Viswakarma Residency, Kolkata

Appeal is dismissed

ITA 255/KOL/2020[2016-17]Status: DisposedITAT Kolkata26 Oct 2021AY 2016-17

Bench: Shri Sanjay Garg & Dr. M.L.Meenaआयकर अपील सं.य/ Assessment Years:2016-17 बनाम / Acit, Cir-49(1), Kolkata M/S. Viswakarma Residency Uttarpan Complex, Ds-Iv, V/S. 2Nd Fl., Manicktala Civick Centre, Block-2 & 3, 2Nd Fl., Kolkata-700 054. Pan: Aaifv3279Q अपीलाथ" /Appellant ""यथ" /Respondent .. Hearing Through Video Conferencing अपीलाथ" क" ओर से/By Appellant Shri Manish Kanojia, Cit, Dr ""यथ" क" ओर से/By Respondent Shri S.M Surana, Advocate, Ar सुनवाई क" तार"ख/Date Of Hearing 04-08-2021 घोषणा क" तार"ख/Date Of Pronouncement 26-10-2021

Section 131Section 133(6)

…IN THE INCOME TAX APPELLATE TRIBUNAL BENCH “B” KOLKATA Before Shri Sanjay Garg, Judicial Member and Dr. M.L.Meena, Accountant Member आयकर अपील सं.य/ Assessment Years:2016-17 बनाम / ACIT, Cir-49(1), Kolkata M/s. Viswakarma Residency Uttarpan Complex, DS-IV, V/s. 2nd Fl., Manicktala Civick Centre, Block-2 & 3, 2nd Fl., Kolkata-700 054. PAN: AAIFV3279Q अपीलाथ" /Appellant ""यथ" /Respondent .. Hearing through video Conferencing अपीलाथ" क" ओर से/By Appellant Shri Manish Kanojia, CIT, DR ""यथ" क" ओर से/By Respondent Shri S.M Surana, Advocate, AR सुनवाई क" तार"ख/Date of Hearing 04-08-2021 घोषणा क" तार"ख/Date of Pronounc…

DCIT- 10 (3)(1), Mumbai vs. Opera Infra Projects Pvt. Ltd., Mumbai

In the result, Revenue’s appeal is allowed for statistical purposes

ITA 5606/MUM/2018[2010-11]Status: DisposedITAT Mumbai22 Jun 2021AY 2010-11
Section 143(1)Section 143(2)Section 147Section 148Section 68

…THE INCOME TAX APPELLATE TRIBUNAL “C” Bench, Mumbai Shri Shamim Yahya (AM) & Shri C.N. Prasad (JM) I.T.A. No. 5606/Mum/2018 (Assessment Year 2010-11) Vs. M/s. Opera Infra DCIT-10(3)(1) Room No. 212 Projects Pvt. Ltd. Aayakar Bhavan 602, Vardhaman M.K. Road Apartment, 60 Mumbai-400 020. Hanuman Road Vile Parle East Mumbai-400 057. PAN : AACCP1304P (Appellant) (Respondent) Assessee by Shri R.B. Popat Department by Ms. Shreekala Pardeshi Date of Hearing 15.04.2021 Date of Pronouncement 22.06.2021 O R D E R Per Shamim Yahya (AM) :- This appeal by the Revenue is directed against the order of learned CIT(A) date…