Sahara India Financial Corpn. Ltd. v. DCIT

41 Taxmann.com 251Reported decision2014#7913 most cited

What is Sahara India Financial Corpn. Ltd. v. DCIT authority for?

Section 68's deeming fiction requires specific additions for unexplained cash credits, not estimated ad-hoc additions at a fixed rate, particularly when deposits are recurring from earlier years.

14

judgments rely on this decision, according to BharatTax’s citation analysis of 366,421 Indian tax judgments — from 2016 to 2025.

Also referred to as

Sahara India Financial Corpn. Ltd. v. DCIT · section 68 · deeming provisions · unexplained cash credit · specific addition · adhoc addition · estimated addition · recurring deposits · source of source

Issues it is cited on

section 5(2)(b)section 5(2)share capital and share premiumsource of sourcecreditworthiness of the creditorsection 250(4)borrowed satisfactionadmission of additional evidenceshare application moneytangible materialrule 46across objection

Judgments citing Sahara India Financial Corpn. Ltd. v. DCIT

Ashok Nariyani, Jaipur vs. ACIT, Circle-5, Jaipur

In the result, the appeal of the assessee is allowed

ITA 1532/JPR/2024[2017-18]Status: DisposedITAT Jaipur15 Sept 2025AY 2017-18
For Appellant: Sh.Deepak Sharma, Adv. &For Respondent: Mrs. Anita Rinesh, JCIT, Sr.-DR
Section 115BSection 131Section 142(1)Section 143(1)Section 143(2)Section 143(3)Section 68

…आयकर अपीलीय अधिकरण, जयपुर न्यायपीठ, जयपुर IN THE INCOME TAX APPELLATE TRIBUNAL, JAIPUR BENCHES,”A” JAIPUR डॉ. एम. एल. मीना, लेखा सदस्य एवं डॉ. एस. सीतालक्ष्मी, न्यायिक सदस्य के समक्ष BEFORE: DR. M.L. MEENA, AM & DR. S. SEETHALAKSHMI, JM आयकर अपील सं./ITA. No. 1532/JPR/2024 निर्धारण वर्ष / Assessment Years : 2017-18 Ashok Nariyani बनाम The ACIT, Manisha Agencies, 7B Joshi Colony, Vs. Circle-5, Near Pondrik Park, Jaipur. Jaipur. स्थायी लेखा सं./ जीआईआर सं./PAN/GIR No.: AFWPN0855K अपीलार्थी / Appellant प्रत्यर्थी / Respondent निर्धारिती की ओर से / Assessee by : Sh.Deepak Sharma, Adv. & Sh. Deepak Gupta, C.A. राजस्व…

Assistant Commissioner of Income Tax Central Circle - 1(4), Bengaluru vs. M/S Snowshine Realtors Pvt.Ltd., Bengaluru

In the result, the revenue appeals in ITA Nos

ITA 1443/BANG/2018[2008-09]Status: DisposedITAT Bangalore28 Oct 2022AY 2008-09

Bench: Shri N.V. Vasudevan & Shri Chandra Poojariita Nos.1441 & 1442/Bang/2018 Assessment Year: 2009-10 & 2012-13 Acit Central Circle- M/S. Kansur Developers India Pvt. Ltd. 1(4) No.2650, Ground Floor Bengaluru Vs. 37Th B Cross, 28Th Main, 9Th Block Jayanagar Bangalore 560 009 Pan No : Aacck9866F Appellant Respondent C.O. Nos.103&104/Bang/2018 (Arising Out Of Ita Nos.1441 & 1442/Bang/2018) Assessment Years: 2009-10 & 2012-13

For Appellant: Shri Dilip, Junior Standing Counsel forFor Respondent: Dept
Section 147

…India Pvt. Ltd., Bangalore M/s. Snowshine Realtors Pvt. Ltd., Bangalore Page 22 of 49 Gulshan Verma V. DCIT. Yamunanagar (2015) 61 Taxmann.com (xl) 178 (Chandigarh-Trib) Sahara India Financial Corporation Ltd V. DCIT, Central Circle-6, (xli) New Delhi (2014) 41 Taxmann.com 251 (Delhi-Trib) CIT V. (i) Oasis Hospitalities (P) Ltd, (ii) UP Bone Mills India Ltd, (xlii) (iii) Vijay Powers Generators Ltd CIT V. Dolphin Canpack Ltd (2006) 283 ITR 190 (Delhi) (xliii) CIT and Another V. ASK Brothers Ltd (2011) 333 ITR 111 (Kar) (xliv) CIT V. Value Capital Services (P) Ltd (2008) 307 ITR 334 (Delhi) (xlv) 5.17 The Ld. A.…

Assistant Commissioner of Income Tax Central Circle - 1(4), Bengaluru vs. M/S Kansur Developers India Pvt. Ltd., Bengaluru

In the result, the revenue appeals in ITA Nos

ITA 1442/BANG/2018[2012-13]Status: DisposedITAT Bangalore28 Oct 2022AY 2012-13

Bench: Shri N.V. Vasudevan & Shri Chandra Poojariita Nos.1441 & 1442/Bang/2018 Assessment Year: 2009-10 & 2012-13 Acit Central Circle- M/S. Kansur Developers India Pvt. Ltd. 1(4) No.2650, Ground Floor Bengaluru Vs. 37Th B Cross, 28Th Main, 9Th Block Jayanagar Bangalore 560 009 Pan No : Aacck9866F Appellant Respondent C.O. Nos.103&104/Bang/2018 (Arising Out Of Ita Nos.1441 & 1442/Bang/2018) Assessment Years: 2009-10 & 2012-13

For Appellant: Shri Dilip, Junior Standing Counsel forFor Respondent: Dept
Section 147

…India Pvt. Ltd., Bangalore M/s. Snowshine Realtors Pvt. Ltd., Bangalore Page 22 of 49 Gulshan Verma V. DCIT. Yamunanagar (2015) 61 Taxmann.com (xl) 178 (Chandigarh-Trib) Sahara India Financial Corporation Ltd V. DCIT, Central Circle-6, (xli) New Delhi (2014) 41 Taxmann.com 251 (Delhi-Trib) CIT V. (i) Oasis Hospitalities (P) Ltd, (ii) UP Bone Mills India Ltd, (xlii) (iii) Vijay Powers Generators Ltd CIT V. Dolphin Canpack Ltd (2006) 283 ITR 190 (Delhi) (xliii) CIT and Another V. ASK Brothers Ltd (2011) 333 ITR 111 (Kar) (xliv) CIT V. Value Capital Services (P) Ltd (2008) 307 ITR 334 (Delhi) (xlv) 5.17 The Ld. A.…

Assistant Commissioner of Income Tax Central Circle-1-(4), Bengaluru vs. M/S Kansur Developers India Pvt. Ltd., Bengaluru

In the result, the revenue appeals in ITA Nos

ITA 1441/BANG/2018[2009-10]Status: DisposedITAT Bangalore28 Oct 2022AY 2009-10

Bench: Shri N.V. Vasudevan & Shri Chandra Poojariita Nos.1441 & 1442/Bang/2018 Assessment Year: 2009-10 & 2012-13 Acit Central Circle- M/S. Kansur Developers India Pvt. Ltd. 1(4) No.2650, Ground Floor Bengaluru Vs. 37Th B Cross, 28Th Main, 9Th Block Jayanagar Bangalore 560 009 Pan No : Aacck9866F Appellant Respondent C.O. Nos.103&104/Bang/2018 (Arising Out Of Ita Nos.1441 & 1442/Bang/2018) Assessment Years: 2009-10 & 2012-13

For Appellant: Shri Dilip, Junior Standing Counsel forFor Respondent: Dept
Section 147

…India Pvt. Ltd., Bangalore M/s. Snowshine Realtors Pvt. Ltd., Bangalore Page 22 of 49 Gulshan Verma V. DCIT. Yamunanagar (2015) 61 Taxmann.com (xl) 178 (Chandigarh-Trib) Sahara India Financial Corporation Ltd V. DCIT, Central Circle-6, (xli) New Delhi (2014) 41 Taxmann.com 251 (Delhi-Trib) CIT V. (i) Oasis Hospitalities (P) Ltd, (ii) UP Bone Mills India Ltd, (xlii) (iii) Vijay Powers Generators Ltd CIT V. Dolphin Canpack Ltd (2006) 283 ITR 190 (Delhi) (xliii) CIT and Another V. ASK Brothers Ltd (2011) 333 ITR 111 (Kar) (xliv) CIT V. Value Capital Services (P) Ltd (2008) 307 ITR 334 (Delhi) (xlv) 5.17 The Ld. A.…

Asst CIT 1(2)(1), Mumbai vs. Karma Energy Ltd, Mumbai

In the result, appeal of the Revenue is dismissed

ITA 2206/MUM/2017[2012-13]Status: DisposedITAT Mumbai30 Oct 2018AY 2012-13

Bench: Shri C.N. Prasad, Hon'Ble & Shri N.K. Pradhan, Hon'Blea.C.I.T – 1(2)(1) V. M/S. Karma Energy Ltd., Room No. 535, 5Th Floor, 214, Empire House, Aayakar Bhavan, M.K. Road, Dr. D.N. Road, Fort, Mumbai-400 020 Mumbai – 400 001 Pan: Aadck 1232 G (Appellant) (Respondent) Assessee By : Shri Anuj Kisnadwala Department By : Shri Manoj Kumar Singh

For Appellant: Shri Anuj KisnadwalaFor Respondent: Shri Manoj Kumar Singh
Section 14A

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “H”, MUMBAI BEFORE SHRI C.N. PRASAD, HON'BLE JUDICIAL MEMBER AND SHRI N.K. PRADHAN, HON'BLE ACCOUNTANT MEMBER A.C.I.T – 1(2)(1) v. M/s. Karma Energy Ltd., Room No. 535, 5th Floor, 214, Empire House, Aayakar Bhavan, M.K. Road, Dr. D.N. Road, Fort, Mumbai-400 020 Mumbai – 400 001 PAN: AADCK 1232 G (Appellant) (Respondent) Assessee by : Shri Anuj Kisnadwala Department by : Shri Manoj Kumar Singh Date of Hearing : 08.08.2018 Date of Pronouncement : 30.10.2018 O R D E R PER C.N. PRASAD (JM) 1. This appeal is filed by the Revenue against the order of the Learned Commi…

Dy. Commissioner of Income Tax, Circle-16(2), Hyderabad vs. Pitti Electrical Equipment Private Limited, Hyderabad

Appeal is dismissed

ITA 735/HYD/2018[2014-15]Status: DisposedITAT Hyderabad03 Oct 2018AY 2014-15

Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahmanassessment Year: 2014-15 Dcit, Vs. Pitti Electrical Equipment Circle-16(2), Private Limited, Hyderabad. Hyderabad. Pan: Aaccp 8334 P (Appellant) (Respondent) Assessee By: Sri Laxminiwas Sharma Revenue By: Smt. V. Rajitha, Dr Date Of Hearing: 12.09.2018 Date Of Pronouncement: 03.10.2018 Order Per Smt. P. Madhavi Devi, J.M.: This Is Revenue’S Appeal For The Assessment Year 2014-15 Filed Against The Order Of The Learned Commissioner Of Income Tax (Appeals)-4, Hyderabad Dated 22.02.2018. 2. The Revenue Has Raised The Following Grounds Of Appeal:-

For Appellant: Sri Laxminiwas SharmaFor Respondent: Smt. V. Rajitha, DR
Section 115JSection 143(3)Section 14A

…IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCH “B”, HYDERABAD BEFORE SMT. P. MADHAVI DEVI, JUDICIAL MEMBER AND SHRI S. RIFAUR RAHMAN, ACCOUNTANT MEMBER Assessment Year: 2014-15 DCIT, Vs. Pitti Electrical Equipment Circle-16(2), Private Limited, Hyderabad. Hyderabad. PAN: AACCP 8334 P (Appellant) (Respondent) Assessee by: Sri Laxminiwas Sharma Revenue by: Smt. V. Rajitha, DR Date of hearing: 12.09.2018 Date of pronouncement: 03.10.2018 ORDER PER Smt. P. Madhavi Devi, J.M.: This is Revenue’s appeal for the Assessment Year 2014-15 filed against the order of the Learned Commissioner of Income Tax (Appeals)-4, H…

DCIT 1(2)2, Mumbai vs. Maharashtra State Finance Corportaion, Mumbai

In the result, appeal filed by the revenue for assessment year 2011-2012

ITA 2352/MUM/2017[2011-12]Status: DisposedITAT Mumbai29 Aug 2018AY 2011-12

Bench: Shri Shamim Yahya (Am) & Shri Ram Lal Negi (Jm) Assessment Year: 2011-12 The D.C.I.T.-1(2)(2), M/S Maharashtra State R. No. 535, 5Th Floor, Finance Corporation, Aayakar Bhavan, M.K. Road, United India Building, Mumbai - 400020 Vs. 1St Floor, Sir P M Road, Fort, Mumbai – 400001 Pan: Aaacm3751F (Appellant) (Respondent) Revenue By : Shri Choudhary Arunkumar Singh (Dr) Assessee By : None Date Of Hearing: 09/08/2018 Date Of Pronouncement: 29/08/2018

For Appellant: NoneFor Respondent: Shri Choudhary Arunkumar Singh (DR)
Section 143Section 14A

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES “I”, MUMBAI BEFORE SHRI SHAMIM YAHYA (AM) AND SHRI RAM LAL NEGI (JM) Assessment Year: 2011-12 The D.C.I.T.-1(2)(2), M/s Maharashtra State R. No. 535, 5th Floor, Finance Corporation, Aayakar Bhavan, M.K. Road, United India Building, Mumbai - 400020 Vs. 1st Floor, Sir P M Road, Fort, Mumbai – 400001 PAN: AAACM3751F (Appellant) (Respondent) Revenue by : Shri Choudhary Arunkumar Singh (DR) Assessee by : None Date of Hearing: 09/08/2018 Date of Pronouncement: 29/08/2018 O R D E R PER RAM LAL NEGI, JM This appeal has been filed by the revenue against the order dat…

G2 Corporate Services LLP, (Formerly M/S. G2 Corporate Services Ltd), Sec'Bad, Hyderabad vs. DCIT, Circle-2(3), Hyderabad

In the result, both the appeals of assessee are partly allowed

ITA 833/HYD/2016[2009-10]Status: DisposedITAT Hyderabad08 Jun 2018AY 2009-10

Bench: Smt. P. Madhavi Devi & Shri B. Ramakotaiah

For Appellant: Shri K.A. Sai Prasad, ARFor Respondent: Shri M. Sitaram, DR
Section 143(1)(a)Section 143(3)Section 14A

…IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES “A”, HYDERABAD BEFORE SMT. P. MADHAVI DEVI, JUDICIAL MEMBER AND SHRI B. RAMAKOTAIAH, ACCOUNTANT MEMBER Appellant Respondent ITA No. Asst. Year 832/Hyd/16 2009-10 M/s. G2 Corporate Dy. Commissioner Services LLP, of Income Tax, (Formerly M/s. G2 Circle-2(3), Corporate Services Ltd) HYDERABAD 833/Hyd/16 2011-12 SECUNDERABAD [PAN: AABCD2471J] For Assessee : Shri K.A. Sai Prasad, AR For Revenue : Shri M. Sitaram, DR Date of Hearing : 21-05-2018 Date of Pronouncement : 08-06-2018 O R D E R PER B. RAMAKOTAIAH, A.M. : These two appeals are by assessee against…

G2 Corporate Services LLP, (Formerly M/S. G2 Corporate Services Ltd), Sec'Bad, Hyderabad vs. DCIT, Circle-2(3), Hyderabad

In the result, both the appeals of assessee are partly allowed

ITA 832/HYD/2016[2009-10]Status: DisposedITAT Hyderabad08 Jun 2018AY 2009-10

Bench: Smt. P. Madhavi Devi & Shri B. Ramakotaiah

For Appellant: Shri K.A. Sai Prasad, ARFor Respondent: Shri M. Sitaram, DR
Section 143(1)(a)Section 143(3)Section 14A

…IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES “A”, HYDERABAD BEFORE SMT. P. MADHAVI DEVI, JUDICIAL MEMBER AND SHRI B. RAMAKOTAIAH, ACCOUNTANT MEMBER Appellant Respondent ITA No. Asst. Year 832/Hyd/16 2009-10 M/s. G2 Corporate Dy. Commissioner Services LLP, of Income Tax, (Formerly M/s. G2 Circle-2(3), Corporate Services Ltd) HYDERABAD 833/Hyd/16 2011-12 SECUNDERABAD [PAN: AABCD2471J] For Assessee : Shri K.A. Sai Prasad, AR For Revenue : Shri M. Sitaram, DR Date of Hearing : 21-05-2018 Date of Pronouncement : 08-06-2018 O R D E R PER B. RAMAKOTAIAH, A.M. : These two appeals are by assessee against…

DCIT, Circle-16(2), Hyderabad vs. Mylan Laboratories Limited (Formerly Known As Matrix Laboratories Limited), Hyderabad

In the result, appeal of Revenue is dismissed

ITA 452/HYD/2017[2011-12]Status: DisposedITAT Hyderabad09 May 2018AY 2011-12

Bench: Smt. P. Madhavi Devi & Shri B. Ramakotaiah

For Appellant: Shri K.A. Sai Prasad, ARFor Respondent: Smt. T.H. Vijaya Lakshmi, CIT-DR
Section 10BSection 115JSection 143(3)Section 14ASection 271(1)(c)Section 92ASection 92C

…IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES “B”, HYDERABAD BEFORE SMT. P. MADHAVI DEVI, JUDICIAL MEMBER AND SHRI B. RAMAKOTAIAH, ACCOUNTANT MEMBER Appellant Respondent ITA No. Asst. Year Mylan Laboratories Asst. Ltd., (formerly Matrix Commissioner of 362/Hyd/17 2011-12 Laboratories Limited), Income Tax, HYDERABAD Circle-16(2), [PAN: AADCM3491M] HYDERABAD Deputy Mylan Laboratories Commissioner of Ltd., (Formerly known Income Tax, as Matrix Laboratories Limited), 452/Hyd/17 2011-12 Circle-16(2), HYDERABAD HYDERABAD [PAN: AADCM3491M] For Assessee : Shri K.A. Sai Prasad, AR For Revenue : Smt. T.H. Vij…

Mylan Laboratories Limited (Formerly Known As Matrix Laboratories Limited), Hyderabad vs. ACIT, Circle-16(2), Hyderabad

In the result, appeal of Revenue is dismissed

ITA 362/HYD/2017[2011-12]Status: DisposedITAT Hyderabad09 May 2018AY 2011-12

Bench: Smt. P. Madhavi Devi & Shri B. Ramakotaiah

For Appellant: Shri K.A. Sai Prasad, ARFor Respondent: Smt. T.H. Vijaya Lakshmi, CIT-DR
Section 10BSection 115JSection 143(3)Section 14ASection 271(1)(c)Section 92ASection 92C

…IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES “B”, HYDERABAD BEFORE SMT. P. MADHAVI DEVI, JUDICIAL MEMBER AND SHRI B. RAMAKOTAIAH, ACCOUNTANT MEMBER Appellant Respondent ITA No. Asst. Year Mylan Laboratories Asst. Ltd., (formerly Matrix Commissioner of 362/Hyd/17 2011-12 Laboratories Limited), Income Tax, HYDERABAD Circle-16(2), [PAN: AADCM3491M] HYDERABAD Deputy Mylan Laboratories Commissioner of Ltd., (Formerly known Income Tax, as Matrix Laboratories Limited), 452/Hyd/17 2011-12 Circle-16(2), HYDERABAD HYDERABAD [PAN: AADCM3491M] For Assessee : Shri K.A. Sai Prasad, AR For Revenue : Smt. T.H. Vij…

Snj Synthetics Limited, Hyderabad vs. Deputy Commissioner of Income Tax, Circle-3(2), Hyderabad

In the result, appeal of assessee is partly allowed

ITA 1926/HYD/2017[2013-14]Status: DisposedITAT Hyderabad09 May 2018AY 2013-14

Bench: Shri D. Manmohan & Shri B. Ramakotaiah

For Appellant: Shri V. Siva Kumar, ARFor Respondent: Shri B. Suresh Babu, DR
Section 10Section 10(34)Section 10(38)Section 11Section 115JSection 12Section 143(3)Section 14ASection 8D

…IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES “A”, HYDERABAD BEFORE SHRI D. MANMOHAN, VICE PRESIDENT AND SHRI B. RAMAKOTAIAH, ACCOUNTANT MEMBER I.T.A. No. 1926/HYD/2017 Assessment Year: 2013-14 SNJ Synthetics Limited, Dy. Commissioner of HYDERABAD Vs Income Tax, [PAN: AAECS3176L] Circle-3(2), HYDERABAD (Appellant) (Respondent) For Assessee : Shri V. Siva Kumar, AR For Revenue : Shri B. Suresh Babu, DR Date of Hearing : 09-05-2018 Date of Pronouncement : 11-05-2018 O R D E R PER B. RAMAKOTAIAH, A.M. : This is an appeal by assessee against the order of the Commissioner of Income Tax (Appeals)-3, Hyde…

DCIT, Bangalore vs. M/S John Distilleries Pvt. Ltd., Bangalore

In the result, appeal of the assessee is partly allowed for statistical purposes

ITA 1565/BANG/2014[2010-11]Status: DisposedITAT Bangalore24 Feb 2016AY 2010-11

Bench: Shri Vijaypal Rao & Shri Inturi Rama Raom/S.John Distilleries Ltd., No.110, Pantharapaly,A Mysore Road, Bangalore-39. … Appellant Pan:Aaacj 4322 P Vs. Deputy Commissioner Of Income-Tax, Circle 11(5), Bangalore. … Respondent & (By The Revenue) ****** Assessee By : Shri H.V.Gowthama, Ca. Revenue By : Shri T.N.Prakash, Addl.Cit

For Appellant: Shri H.V.Gowthama, CAFor Respondent: Shri T.N.Prakash, Addl.CIT
Section 143(3)Section 14A

…IN THE INCOME TAX APPELLATE TRIBUNAL ‘B’ BENCH, BANGALORE BEFORE SHRI VIJAYPAL RAO, JUDICIAL MEMBER and SHRI INTURI RAMA RAO, ACCOUNTANT MEMBER M/s.John Distilleries Ltd., No.110, Pantharapaly,a Mysore Road, Bangalore-39. … Appellant PAN:AAACJ 4322 P Vs. Deputy Commissioner of Income-tax, Circle 11(5), Bangalore. … Respondent AND (By the Revenue) ****** Assessee by : Shri H.V.Gowthama, CA. Revenue by : Shri T.N.Prakash, Addl.CIT Date of hearing : 20/01/2016 Date of pronouncement : 24/02/2016 O R D E R Per INTURI RAMA RAO, AM : These cross appeals by the revenue as well as the assessee are directed against th…

M/S John Distilleries Ltd, Bangalore vs. Deputy Commissioner of Income Tax, Bangalore

In the result, appeal of the assessee is partly allowed for statistical purposes

ITA 1429/BANG/2014[2010-11]Status: DisposedITAT Bangalore24 Feb 2016AY 2010-11

Bench: Shri Vijaypal Rao & Shri Inturi Rama Raom/S.John Distilleries Ltd., No.110, Pantharapaly,A Mysore Road, Bangalore-39. … Appellant Pan:Aaacj 4322 P Vs. Deputy Commissioner Of Income-Tax, Circle 11(5), Bangalore. … Respondent & (By The Revenue) ****** Assessee By : Shri H.V.Gowthama, Ca. Revenue By : Shri T.N.Prakash, Addl.Cit

For Appellant: Shri H.V.Gowthama, CAFor Respondent: Shri T.N.Prakash, Addl.CIT
Section 143(3)Section 14A

…IN THE INCOME TAX APPELLATE TRIBUNAL ‘B’ BENCH, BANGALORE BEFORE SHRI VIJAYPAL RAO, JUDICIAL MEMBER and SHRI INTURI RAMA RAO, ACCOUNTANT MEMBER M/s.John Distilleries Ltd., No.110, Pantharapaly,a Mysore Road, Bangalore-39. … Appellant PAN:AAACJ 4322 P Vs. Deputy Commissioner of Income-tax, Circle 11(5), Bangalore. … Respondent AND (By the Revenue) ****** Assessee by : Shri H.V.Gowthama, CA. Revenue by : Shri T.N.Prakash, Addl.CIT Date of hearing : 20/01/2016 Date of pronouncement : 24/02/2016 O R D E R Per INTURI RAMA RAO, AM : These cross appeals by the revenue as well as the assessee are directed against th…

Sahara India Financial Corpn. Ltd. v. DCIT (41 Taxmann.com 251) — Cited in 14 Judgments | BharatTax