The Commissioner of Income Tax-III, vs. M/S V.J.Equipment Limited,

Bench: Charging The Interest U/S 234B & 234C Of The It Act?” 3. The Brief Facts Of The Case Are That The Assessee Firm Is Engaged In The Business Of Precious & Semi Precious Stones & It Is A 100% Exporter. During The

bogus purchases and contended that the judgment of Vijay Proteins Ltd. Vs. Commissioner of Income Tax, Special Leave to Appeal (C) No.8956/2015 decided on 06.04.2015 whereby the Supreme Court has dismissed the SLP and confirmed the order dated 09.12.2014 passed by the Gujarat High Court and other decisions of the High Court of Gujarat in the case of -3- Sanjay

The Commissioner of Income Tax vs. Shri Byru Venkateswarlu

Appeal is dismissed

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

Bogus Purchase Rs.1,71,917/- 2-9 Salarly to Babu Bhai Rs.10,800/- 14 Disallowance of Dalali Rs.2,136/- 15” 6. Counsel for the appellant has further contended that the Gujarat High Court in the case of National Textiles vs. Commissioner of Income Tax reported in 249 ITR 0125 in para 21-24 has observed as under: “21. The provisions

Principal Commissioner of Income Tax vs. Sri Nama Nageshwar Rao

Bench: P.SAM KOSHY,LAXMI NARAYANA ALISHETTY

purchased shares of an unlisted private company in 2010. This unlisted company then merged with another unlisted company, M/s Focus Industrial Resources Ltd. and shares of this merged entity were allotted to the Assessee. Subsequently, the merged entity allotted further bonus shares to the Assessee and thereafter it was listed on the Bombay Stock Exchange. Assessee sold these shares

The Commissioner of Income Tax-IV vs. M/s. Meghadoot Drillers,

bogus payment of commission of sale of scrap on the basis of remand report even when the Assessing Officer verified part payment of commission and the balance amount remained unverifiable? 8. Whether under the facts and circumstances of the case and in law, the Tribunal was justified in deleting the addition of Rs.1,43,516/- made on account of alleged

Commissioner of Income Tax, vs. Agricultural Market Committee

Bench: V.V.S.RAO,SANJAY KUMAR

purchase and sale of shares of certain companies and gifts from certain persons, which in fact never took place. The assessee was alleged to be one of the beneficiaries, figuring in 3 the list supplied by the Investigation Wing, Agra. Since the transactions of share trading were found to be bogus and, therefore, entire amount claimed to have been received

THE PRL COMMR OF ICOME TAX-2, vs. M/S KKD CO-OP BUILDING SOCY LTD., KAKINADA

Bench: RAMESH RANGANATHAN,KONGARA VIJAYA LAKSHMI

purchased 500 photographs from different studios for obtaining PAN Cards. He also deposed that he got the signatures of his three juniors, namely, Jiwant Kumar Das, Binod Kumar Choudhary and Shri Manoranjan on the bogus files and a draft was prepared in respect of 500 bogus files. Curiously enough, the respondent no.2, while defending the case of “Dehati Ashtahpana Nyas

M/S VAIBHAV vs. JOINT COMM. OF INCOME TAX RANGE 3 HYD

Appeal is allowed and the judgments and decrees passed by the

Bench: The Learned Trial Court) Was Allowed & The Judgment & Decree Dated 12.12.2000, Passed By Learned Senior Sub Judge, Kullu Was Set-Aside. (Parties Shall Hereinafter Be Referred To In

8 Issues No.1 to 10 in negative and dismissed the suit of the plaintiff. 9. Being aggrieved from the judgment and decree passed by the learned Trial Court, the plaintiff filed an appeal, which was decided by learned District Judge, Kullu. Learned First Appellate Court held that the execution of the agreement (Ex.P- 1) was duly proved. There

The Commissioner of Income Tax -III vs. Sri T.C. Reddy

The appeal stands dismissed

8 months. While selling land at Rs. 43560000/- including payment of Rsm. 75967000/- made to M/s Mrigiya Electronics Inds. Pvt. Ltd., the rate per bigha land comes to Rs.8,90,000/-. When this is compared with the rate given by M/s Mrigiya Electronics Inds. Pvt. Ltd. To M/s Nikhar Builders for 1.85 bighas of land. (Rs. 16.54 lacs per bigha

Commissioner of Income Tax-II vs. M/s.Jayalakshmi Chits

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

bogus loss, it is  a speculative one. 13. It has been observed by the Assessing Officer  that the sale of shares appeared to be effected  without taking actual delivery. In Short, when the  shares were stated to have been sold i.e. the date  of selling, the assessee was not in possession of  these shares. But once a person is accepted

The Commissioner of Income Tax-II, vs. M/S Gulf Oil Corporation Pvt. Ltd.,

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

bogus loss, it is  a speculative one. 13. It has been observed by the Assessing Officer  that the sale of shares appeared to be effected  without taking actual delivery. In Short, when the  shares were stated to have been sold i.e. the date  of selling, the assessee was not in possession of  these shares. But once a person is accepted

The Commissioner of Income Tax - VI vs. M/s. Manikanta Iron AND Hardware

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

bogus loss, it is  a speculative one. 13. It has been observed by the Assessing Officer  that the sale of shares appeared to be effected  without taking actual delivery. In Short, when the  shares were stated to have been sold i.e. the date  of selling, the assessee was not in possession of  these shares. But once a person is accepted

The Commissioner of Income -Tax - III, vs. Shri Taher Ali

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

bogus complaint dated 12.10.1990 to B.M.C. authorities as defendant no.2 had filed affidavit dated 10.9.1990 in favour of one of the tenants, Smt. Vasanti B. Palan in Suit (ST) 647 of 1990. Defendant no.2, by his Advocates' letter dated 28.10.1990 had placed various facts on record. On 8.11.1990, B.M.C. authorities issued notice under section 351 of the Mumbai Municipal Corporation

M/s Sri Surya Constructions vs. The Income Tax Officer

Bench: P.SAM KOSHY,N.TUKARAMJI

Section 115 of the Code of Civil Procedure, 1908 (hereinafter “CPC”), has been filed on behalf of petitioner seeking the following reliefs:- “(a) Revise the impugned order (Annexure P/1) under Sec.115 of the CPC, 1908 dated 26.09.22 of the Hon'ble ADJ of the South East Saket District Court in Computer Junction vs Gisil Designs (CS DJ 754/20169287116) whereby

Commissioner of Income Tax vs. Sri Chirla Rama Reddy, Contract

Appeal is dismissed with costs

Bench: The Hon’Ble Mr. Justice N.K.Sudhindrarao R.S.A.No.70/2007

Section 100 CPC is directed against the common judgment and decree dated 7-10-2006 passed in R.A.Nos.33 and 35 of 2002 by the District and Sessions Judge and Presiding Officer, Fast Track Court –II, Bangalore Rural District, Bangalore, wherein appeal filed by the plaintiff -K.T. Plantations Private Limited in RA 3 No.33/2002 came to be allowed

Commissioner of Income tax-VI vs. M/s. Narpat Girji Constructions,

The appeal is allowed

8 - OSA No. 19 of 2015 Relevant Clauses of the Lease Agreement dated 22.01.2000:- 12. Before proceeding further, it would be apt to take note of the relevant clauses of the lease agreement dated 22.01.2000, whereby the Ex-Management of the Company in liquidation had allegedly leased the valuable land and buildings, structures and facilities, plants and machinery thereon measuring

The Commissioner of Income Tax V vs. M/s.Orchem Industries

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

Section 29 of the Rent Act extends only to correct the errors of law or to remove legal infirmities in the impugned decree passed under the Bombay Rent Act. According to him, if the High Court accepts that the facts as they are referred to in the decision and finds no errors of law or infirmities, than which