ROHINI HOTEL (MADRAS) PVT. LTD.,CHENNAI vs. ACIT CORPORATE CIRCLE 5(4), CHENNAI
In the result, the appeals filed by the Revenue and the appeals filed by the assessee are partly allowed for statistical purposes
ITA 1842/CHNY/2018[2008-09]Status: DisposedITAT Chennai01 Aug 2019AY 2008-09
Bench: Shri George Mathan & Shri Inturi Rama Rao
For Appellant: Mr. R.S.Balaji, AdvFor Respondent: Mr. R.Clement Ramesh-
…nt in this regard, 1. Sayar Engineering (P) Ltd Vs ITO (1992) 43 TTJ23(JP) AT 2. Nishant Housing Development (P) Ltd Vs ACIT (1995) 52 ITD 103 (Patna) (AT) 3. Patil Enterprise Vs ACIT (1995) 53 TTJ 279 (Bang) (AT) 4. ITO Vs Pitambar industries (P) Ltd (1992) 42 ITD 373 (Delhi) AT 5. ITO Vs Dream land Enterprise (1995) 81 Taxman 143 (And) (AT) 6. Smt.Rekha Devi Vs ACIT (1995) 78 Taxman 143 30(JP) Attention is also invited to the decision of Allahabad High Court in the case of CIT Vs Daya Chand Jain Vaidya where it has been held that onus is upon the department to prove that higher investment was made by the asse…