CIT v. Kamdhenu Steel & Sunil Sidharatha V CIT Alloys Ltd & Others

156 ITR 507Supreme Court of India#5426 most cited

What is CIT v. Kamdhenu Steel & Sunil Sidharatha V CIT Alloys Ltd & Others authority for?

Income tax authorities are permitted to investigate the genuineness of transactions and to disallow claims made through colourable devices to avoid tax.

21

judgments rely on this decision, according to BharatTax’s citation analysis of 366,339 Indian tax judgments — from 2021 to 2026.

Also referred to as

CIT v Kamdhenu Steel · Sunil Sidharatha v CIT Alloys Ltd · 156 ITR 507 · SC · genuineness of transactions · colourable devices · avoidance of tax · going behind transactions · bogus sales · Sumati Dayal · McDowell and Co

Sections most often in play

Section 133(6)Section 143(3)Section 145(3)Section 44ABSection 68

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 CIT v. Kamdhenu Steel & Sunil Sidharatha V CIT Alloys Ltd & Others

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

…ading Co Case laws relied upon by the Ltd (1998) 232 ITR 820 • CIT(A) SumatiDayal V CIT 214 • ITR 801 MOD Creation Pvt Ltd V • ITO [(2013) 354 ITR 282 CIT V L. N. Dalmia 207 (Delhi)] ITR 89 • • CIT V Kamdhenu Steel & Sunil Sidharatha V CIT Alloys Ltd & Others 156 ITR 507 (SC) • [(2012) 206 taxman 254 CIT V Biju Patnaik 160 (Delhi)] ITR 674 (SC) • • CIT V Oasis Hospitalities P. Roshan Di Hatti V CIT Ltd [(2011) 333 ITR 107 ITR 938 (SC) 119(Delhi)] • Shankar Industries V • ITO V Rakam Money CIT 114 ITR 689 (Cal.) • Matters P Ltd Dhanlakshmi Steel Re- 2821/Del/2011 rolling Mills V CIT 228 • ACIT V Kisco castings Pvt…