Processors Ltd. v. DCIT CIT(A)

57 TTJ 120Income Tax Appellate Tribunal1997#6113 most cited

What is Processors Ltd. v. DCIT CIT(A) authority for?

The onus is on the assessee company to prove the genuineness of share capital/information when a Section 68 addition is made.

19

judgments rely on this decision, according to BharatTax’s citation analysis of 366,005 Indian tax judgments — from 2021 to 2021.

Also referred to as

Processors Ltd. v. DCIT · section 68 · share capital · share application money · addition u/s 68 · onus on assessee · genuineness of share capital · creditworthiness of creditor

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 Processors Ltd. v. DCIT CIT(A)

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

…ddition enhanced by Rs • Active Traders Pvt Ltd 92 lakhs for routing [1995] 214 ITR 583 (Cal.) transactions. (Para 7.9 & • Sri Krishna V CIT 142 ITR 7.10, page 24) 618 [All] • Rashibari Tobacco Case laws relied upon by the Processors Ltd. V DCIT CIT(A) [1997] 57 TTJ 120 (Ahd.) • RidhiSidhi Commercial • CIT vs. Lovely Exports Co. Ltd V ACIT [1998] 62 Pvt. Ltd. 299 ITR 268 TTJ 710 (Del.) • CIT vs. Kamdhenu • A GovindarajuluMudaliar Steel and Alloys Ltd. V CIT [1958] 34 ITR 807 206 Taxman 254 (SC) • CIT vs. Nova • CIT V Korlay Trading Co. Promoters and Ltd. [1998] 230 ITR 820 Finlease (P) Ltd. (Cal.) • (Delhi HC) CI…

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

…ddition enhanced by Rs • Active Traders Pvt Ltd 92 lakhs for routing [1995] 214 ITR 583 (Cal.) transactions. (Para 7.9 & • Sri Krishna V CIT 142 ITR 7.10, page 24) 618 [All] • Rashibari Tobacco Case laws relied upon by the Processors Ltd. V DCIT CIT(A) [1997] 57 TTJ 120 (Ahd.) • RidhiSidhi Commercial • CIT vs. Lovely Exports Co. Ltd V ACIT [1998] 62 Pvt. Ltd. 299 ITR 268 TTJ 710 (Del.) • CIT vs. Kamdhenu • A GovindarajuluMudaliar Steel and Alloys Ltd. V CIT [1958] 34 ITR 807 206 Taxman 254 (SC) • CIT vs. Nova • CIT V Korlay Trading Co. Promoters and Ltd. [1998] 230 ITR 820 Finlease (P) Ltd. (Cal.) • (Delhi HC) CI…

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

…ddition enhanced by Rs • Active Traders Pvt Ltd 92 lakhs for routing [1995] 214 ITR 583 (Cal.) transactions. (Para 7.9 & • Sri Krishna V CIT 142 ITR 7.10, page 24) 618 [All] • Rashibari Tobacco Case laws relied upon by the Processors Ltd. V DCIT CIT(A) [1997] 57 TTJ 120 (Ahd.) • RidhiSidhi Commercial • CIT vs. Lovely Exports Co. Ltd V ACIT [1998] 62 Pvt. Ltd. 299 ITR 268 TTJ 710 (Del.) • CIT vs. Kamdhenu • A GovindarajuluMudaliar Steel and Alloys Ltd. V CIT [1958] 34 ITR 807 206 Taxman 254 (SC) • CIT vs. Nova • CIT V Korlay Trading Co. Promoters and Ltd. [1998] 230 ITR 820 Finlease (P) Ltd. (Cal.) • (Delhi HC) CI…

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

…ddition enhanced by Rs • Active Traders Pvt Ltd 92 lakhs for routing [1995] 214 ITR 583 (Cal.) transactions. (Para 7.9 & • Sri Krishna V CIT 142 ITR 7.10, page 24) 618 [All] • Rashibari Tobacco Case laws relied upon by the Processors Ltd. V DCIT CIT(A) [1997] 57 TTJ 120 (Ahd.) • RidhiSidhi Commercial • CIT vs. Lovely Exports Co. Ltd V ACIT [1998] 62 Pvt. Ltd. 299 ITR 268 TTJ 710 (Del.) • CIT vs. Kamdhenu • A GovindarajuluMudaliar Steel and Alloys Ltd. V CIT [1958] 34 ITR 807 206 Taxman 254 (SC) • CIT vs. Nova • CIT V Korlay Trading Co. Promoters and Ltd. [1998] 230 ITR 820 Finlease (P) Ltd. (Cal.) • (Delhi HC) CI…

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

…ddition enhanced by Rs • Active Traders Pvt Ltd 92 lakhs for routing [1995] 214 ITR 583 (Cal.) transactions. (Para 7.9 & • Sri Krishna V CIT 142 ITR 7.10, page 24) 618 [All] • Rashibari Tobacco Case laws relied upon by the Processors Ltd. V DCIT CIT(A) [1997] 57 TTJ 120 (Ahd.) • RidhiSidhi Commercial • CIT vs. Lovely Exports Co. Ltd V ACIT [1998] 62 Pvt. Ltd. 299 ITR 268 TTJ 710 (Del.) • CIT vs. Kamdhenu • A GovindarajuluMudaliar Steel and Alloys Ltd. V CIT [1958] 34 ITR 807 206 Taxman 254 (SC) • CIT vs. Nova • CIT V Korlay Trading Co. Promoters and Ltd. [1998] 230 ITR 820 Finlease (P) Ltd. (Cal.) • (Delhi HC) CI…

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

…ddition enhanced by Rs • Active Traders Pvt Ltd 92 lakhs for routing [1995] 214 ITR 583 (Cal.) transactions. (Para 7.9 & • Sri Krishna V CIT 142 ITR 7.10, page 24) 618 [All] • Rashibari Tobacco Case laws relied upon by the Processors Ltd. V DCIT CIT(A) [1997] 57 TTJ 120 (Ahd.) • RidhiSidhi Commercial • CIT vs. Lovely Exports Co. Ltd V ACIT [1998] 62 Pvt. Ltd. 299 ITR 268 TTJ 710 (Del.) • CIT vs. Kamdhenu • A GovindarajuluMudaliar Steel and Alloys Ltd. V CIT [1958] 34 ITR 807 206 Taxman 254 (SC) • CIT vs. Nova • CIT V Korlay Trading Co. Promoters and Ltd. [1998] 230 ITR 820 Finlease (P) Ltd. (Cal.) • (Delhi HC) CI…

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

…ddition enhanced by Rs • Active Traders Pvt Ltd 92 lakhs for routing [1995] 214 ITR 583 (Cal.) transactions. (Para 7.9 & • Sri Krishna V CIT 142 ITR 7.10, page 24) 618 [All] • Rashibari Tobacco Case laws relied upon by the Processors Ltd. V DCIT CIT(A) [1997] 57 TTJ 120 (Ahd.) • RidhiSidhi Commercial • CIT vs. Lovely Exports Co. Ltd V ACIT [1998] 62 Pvt. Ltd. 299 ITR 268 TTJ 710 (Del.) • CIT vs. Kamdhenu • A GovindarajuluMudaliar Steel and Alloys Ltd. V CIT [1958] 34 ITR 807 206 Taxman 254 (SC) • CIT vs. Nova • CIT V Korlay Trading Co. Promoters and Ltd. [1998] 230 ITR 820 Finlease (P) Ltd. (Cal.) • (Delhi HC) CI…

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

…ddition enhanced by Rs • Active Traders Pvt Ltd 92 lakhs for routing [1995] 214 ITR 583 (Cal.) transactions. (Para 7.9 & • Sri Krishna V CIT 142 ITR 7.10, page 24) 618 [All] • Rashibari Tobacco Case laws relied upon by the Processors Ltd. V DCIT CIT(A) [1997] 57 TTJ 120 (Ahd.) • RidhiSidhi Commercial • CIT vs. Lovely Exports Co. Ltd V ACIT [1998] 62 Pvt. Ltd. 299 ITR 268 TTJ 710 (Del.) • CIT vs. Kamdhenu • A GovindarajuluMudaliar Steel and Alloys Ltd. V CIT [1958] 34 ITR 807 206 Taxman 254 (SC) • CIT vs. Nova • CIT V Korlay Trading Co. Promoters and Ltd. [1998] 230 ITR 820 Finlease (P) Ltd. (Cal.) • (Delhi HC) CI…

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

…ddition enhanced by Rs • Active Traders Pvt Ltd 92 lakhs for routing [1995] 214 ITR 583 (Cal.) transactions. (Para 7.9 & • Sri Krishna V CIT 142 ITR 7.10, page 24) 618 [All] • Rashibari Tobacco Case laws relied upon by the Processors Ltd. V DCIT CIT(A) [1997] 57 TTJ 120 (Ahd.) • RidhiSidhi Commercial • CIT vs. Lovely Exports Co. Ltd V ACIT [1998] 62 Pvt. Ltd. 299 ITR 268 TTJ 710 (Del.) • CIT vs. Kamdhenu • A GovindarajuluMudaliar Steel and Alloys Ltd. V CIT [1958] 34 ITR 807 206 Taxman 254 (SC) • CIT vs. Nova • CIT V Korlay Trading Co. Promoters and Ltd. [1998] 230 ITR 820 Finlease (P) Ltd. (Cal.) • (Delhi HC) CI…

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

…ddition enhanced by Rs • Active Traders Pvt Ltd 92 lakhs for routing [1995] 214 ITR 583 (Cal.) transactions. (Para 7.9 & • Sri Krishna V CIT 142 ITR 7.10, page 24) 618 [All] • Rashibari Tobacco Case laws relied upon by the Processors Ltd. V DCIT CIT(A) [1997] 57 TTJ 120 (Ahd.) • RidhiSidhi Commercial • CIT vs. Lovely Exports Co. Ltd V ACIT [1998] 62 Pvt. Ltd. 299 ITR 268 TTJ 710 (Del.) • CIT vs. Kamdhenu • A GovindarajuluMudaliar Steel and Alloys Ltd. V CIT [1958] 34 ITR 807 206 Taxman 254 (SC) • CIT vs. Nova • CIT V Korlay Trading Co. Promoters and Ltd. [1998] 230 ITR 820 Finlease (P) Ltd. (Cal.) • (Delhi HC) CI…

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

…ddition enhanced by Rs • Active Traders Pvt Ltd 92 lakhs for routing [1995] 214 ITR 583 (Cal.) transactions. (Para 7.9 & • Sri Krishna V CIT 142 ITR 7.10, page 24) 618 [All] • Rashibari Tobacco Case laws relied upon by the Processors Ltd. V DCIT CIT(A) [1997] 57 TTJ 120 (Ahd.) • RidhiSidhi Commercial • CIT vs. Lovely Exports Co. Ltd V ACIT [1998] 62 Pvt. Ltd. 299 ITR 268 TTJ 710 (Del.) • CIT vs. Kamdhenu • A GovindarajuluMudaliar Steel and Alloys Ltd. V CIT [1958] 34 ITR 807 206 Taxman 254 (SC) • CIT vs. Nova • CIT V Korlay Trading Co. Promoters and Ltd. [1998] 230 ITR 820 Finlease (P) Ltd. (Cal.) • (Delhi HC) CI…

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

…ddition enhanced by Rs • Active Traders Pvt Ltd 92 lakhs for routing [1995] 214 ITR 583 (Cal.) transactions. (Para 7.9 & • Sri Krishna V CIT 142 ITR 7.10, page 24) 618 [All] • Rashibari Tobacco Case laws relied upon by the Processors Ltd. V DCIT CIT(A) [1997] 57 TTJ 120 (Ahd.) • RidhiSidhi Commercial • CIT vs. Lovely Exports Co. Ltd V ACIT [1998] 62 Pvt. Ltd. 299 ITR 268 TTJ 710 (Del.) • CIT vs. Kamdhenu • A GovindarajuluMudaliar Steel and Alloys Ltd. V CIT [1958] 34 ITR 807 206 Taxman 254 (SC) • CIT vs. Nova • CIT V Korlay Trading Co. Promoters and Ltd. [1998] 230 ITR 820 Finlease (P) Ltd. (Cal.) • (Delhi HC) CI…

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

…ddition enhanced by Rs • Active Traders Pvt Ltd 92 lakhs for routing [1995] 214 ITR 583 (Cal.) transactions. (Para 7.9 & • Sri Krishna V CIT 142 ITR 7.10, page 24) 618 [All] • Rashibari Tobacco Case laws relied upon by the Processors Ltd. V DCIT CIT(A) [1997] 57 TTJ 120 (Ahd.) • RidhiSidhi Commercial • CIT vs. Lovely Exports Co. Ltd V ACIT [1998] 62 Pvt. Ltd. 299 ITR 268 TTJ 710 (Del.) • CIT vs. Kamdhenu • A GovindarajuluMudaliar Steel and Alloys Ltd. V CIT [1958] 34 ITR 807 206 Taxman 254 (SC) • CIT vs. Nova • CIT V Korlay Trading Co. Promoters and Ltd. [1998] 230 ITR 820 Finlease (P) Ltd. (Cal.) • (Delhi HC) CI…

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

…ddition enhanced by Rs • Active Traders Pvt Ltd 92 lakhs for routing [1995] 214 ITR 583 (Cal.) transactions. (Para 7.9 & • Sri Krishna V CIT 142 ITR 7.10, page 24) 618 [All] • Rashibari Tobacco Case laws relied upon by the Processors Ltd. V DCIT CIT(A) [1997] 57 TTJ 120 (Ahd.) • RidhiSidhi Commercial • CIT vs. Lovely Exports Co. Ltd V ACIT [1998] 62 Pvt. Ltd. 299 ITR 268 TTJ 710 (Del.) • CIT vs. Kamdhenu • A GovindarajuluMudaliar Steel and Alloys Ltd. V CIT [1958] 34 ITR 807 206 Taxman 254 (SC) • CIT vs. Nova • CIT V Korlay Trading Co. Promoters and Ltd. [1998] 230 ITR 820 Finlease (P) Ltd. (Cal.) • (Delhi HC) CI…

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

…ddition enhanced by Rs • Active Traders Pvt Ltd 92 lakhs for routing [1995] 214 ITR 583 (Cal.) transactions. (Para 7.9 & • Sri Krishna V CIT 142 ITR 7.10, page 24) 618 [All] • Rashibari Tobacco Case laws relied upon by the Processors Ltd. V DCIT CIT(A) [1997] 57 TTJ 120 (Ahd.) • RidhiSidhi Commercial • CIT vs. Lovely Exports Co. Ltd V ACIT [1998] 62 Pvt. Ltd. 299 ITR 268 TTJ 710 (Del.) • CIT vs. Kamdhenu • A GovindarajuluMudaliar Steel and Alloys Ltd. V CIT [1958] 34 ITR 807 206 Taxman 254 (SC) • CIT vs. Nova • CIT V Korlay Trading Co. Promoters and Ltd. [1998] 230 ITR 820 Finlease (P) Ltd. (Cal.) • (Delhi HC) CI…

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

…ddition enhanced by Rs • Active Traders Pvt Ltd 92 lakhs for routing [1995] 214 ITR 583 (Cal.) transactions. (Para 7.9 & • Sri Krishna V CIT 142 ITR 7.10, page 24) 618 [All] • Rashibari Tobacco Case laws relied upon by the Processors Ltd. V DCIT CIT(A) [1997] 57 TTJ 120 (Ahd.) • RidhiSidhi Commercial • CIT vs. Lovely Exports Co. Ltd V ACIT [1998] 62 Pvt. Ltd. 299 ITR 268 TTJ 710 (Del.) • CIT vs. Kamdhenu • A GovindarajuluMudaliar Steel and Alloys Ltd. V CIT [1958] 34 ITR 807 206 Taxman 254 (SC) • CIT vs. Nova • CIT V Korlay Trading Co. Promoters and Ltd. [1998] 230 ITR 820 Finlease (P) Ltd. (Cal.) • (Delhi HC) CI…

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

…ddition enhanced by Rs • Active Traders Pvt Ltd 92 lakhs for routing [1995] 214 ITR 583 (Cal.) transactions. (Para 7.9 & • Sri Krishna V CIT 142 ITR 7.10, page 24) 618 [All] • Rashibari Tobacco Case laws relied upon by the Processors Ltd. V DCIT CIT(A) [1997] 57 TTJ 120 (Ahd.) • RidhiSidhi Commercial • CIT vs. Lovely Exports Co. Ltd V ACIT [1998] 62 Pvt. Ltd. 299 ITR 268 TTJ 710 (Del.) • CIT vs. Kamdhenu • A GovindarajuluMudaliar Steel and Alloys Ltd. V CIT [1958] 34 ITR 807 206 Taxman 254 (SC) • CIT vs. Nova • CIT V Korlay Trading Co. Promoters and Ltd. [1998] 230 ITR 820 Finlease (P) Ltd. (Cal.) • (Delhi HC) CI…

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

…ddition enhanced by Rs • Active Traders Pvt Ltd 92 lakhs for routing [1995] 214 ITR 583 (Cal.) transactions. (Para 7.9 & • Sri Krishna V CIT 142 ITR 7.10, page 24) 618 [All] • Rashibari Tobacco Case laws relied upon by the Processors Ltd. V DCIT CIT(A) [1997] 57 TTJ 120 (Ahd.) • RidhiSidhi Commercial • CIT vs. Lovely Exports Co. Ltd V ACIT [1998] 62 Pvt. Ltd. 299 ITR 268 TTJ 710 (Del.) • CIT vs. Kamdhenu • A GovindarajuluMudaliar Steel and Alloys Ltd. V CIT [1958] 34 ITR 807 206 Taxman 254 (SC) • CIT vs. Nova • CIT V Korlay Trading Co. Promoters and Ltd. [1998] 230 ITR 820 Finlease (P) Ltd. (Cal.) • (Delhi HC) CI…

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

…ddition enhanced by Rs • Active Traders Pvt Ltd 92 lakhs for routing [1995] 214 ITR 583 (Cal.) transactions. (Para 7.9 & • Sri Krishna V CIT 142 ITR 7.10, page 24) 618 [All] • Rashibari Tobacco Case laws relied upon by the Processors Ltd. V DCIT CIT(A) [1997] 57 TTJ 120 (Ahd.) • RidhiSidhi Commercial • CIT vs. Lovely Exports Co. Ltd V ACIT [1998] 62 Pvt. Ltd. 299 ITR 268 TTJ 710 (Del.) • CIT vs. Kamdhenu • A GovindarajuluMudaliar Steel and Alloys Ltd. V CIT [1958] 34 ITR 807 206 Taxman 254 (SC) • CIT vs. Nova • CIT V Korlay Trading Co. Promoters and Ltd. [1998] 230 ITR 820 Finlease (P) Ltd. (Cal.) • (Delhi HC) CI…

Processors Ltd. v. DCIT CIT(A) (57 TTJ 120) — Cited in 19 Judgments | BharatTax