PR COMMISSIONER OF WEALTH TAX-6 vs. SRI. M. R. JAYARAM (INDL)

In the result, appeal is disposed of

Bench: RAVI MALIMATH,ASHOK S.KINAGI

reassessment proceedings? (5) Whether on the facts and circumstances of the case, the funds provided to the associate concerns by GIP Ltd as per the terms of the SSSA the understanding and agreements thereunder can be treated as deemed dividend

M/S SANKHLA POLYMERS (P) LTD vs. THE INCOME TAX OFFICER WARD-12(2)

In the result, the appeal relating to the assessment

Bench: D.V.SHYLENDRA KUMAR,B.SREENIVASE GOWDA

deemed income, which is book profit of the assessee is concerned, the assessee had challenged such levy and charge and such contentions of the assessee has been negatived by the assessing officer while reassessing the income for the assessment year 2002-03 by issue of notice under Section 148 of the Act and tax liability had been determined

THE COMMISSIONER OF INCOME TAX vs. M/S PRAKASH ELECTRIC COMPANY

Bench: S.SUJATHA,VINEET KOTHARI

deemed to have been satisfied. He submitted that all other conditions of the said Proviso were admittedly satisfied in the present case as the same 5 partners who were brothers of the same family and they became the shareholders of the private limited company which was also a closely held by these very shareholders and their shareholding never fell below

KIDS CLINIC INDIA PRIVATE LIMITED

Bench: KRISHNA S DIXIT

deemed to have been satisfied. He submitted that all other conditions of the said Proviso were admittedly satisfied in the present case as the same 5 partners who were brothers of the same family and they became the shareholders of the private limited company which was also a closely held by these very shareholders and their shareholding never fell below

PR.COMMISSIONER OF INCOMETAX-2 vs. M/S.EYGBS (INDIA) PVT LTD

Bench: CHIEF JUSTICE,C M JOSHI

dividends during the previous year relevant to the assessment years and is exempt from charge of tax. The Assessee had claimed that it had not incurred any expenditure for incurring exempt income and the investments made had been liquidated during the year. However, the AO made an adhoc disallowance of 10% of the exempt income under Section

THE PR COMMISSIONER OF vs. M/S MPHASIS LIMITED

Bench: The Hon'Ble Mr. Justice M. Nagaprasanna

reassessment or recomputation under sub-section (3) of section 143 or section 144 or section 147 or] [ Section 153- A or clause (c) of Section 158-BC]] unless the reasons for retaining the same are recorded by him in writing and the approval of the [Principal Chief Commissioner or Chief Commissioner], [Principal Commissioner or Commissioner], [Principal Director General or Director