Commissioner of Income Tax-II vs. Hycons Infrastructure (India) Ltd.

The appeals are dismissed

purchase and sale transaction along with transport records, which involve a large number of partie s at different part of the country, is required to be investigated.  15. It is argued that specific instances of misuse were detected and cases h ave been booked. The Personal Ledger Account (PLA) referred to in the report is as follows: Description of Goods

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

bogus, as she never paid the 14 consideration for the sale though she admitted the execution of the sale deed before the Registrar. Her story that she was ignorant of the nature of the transaction, it was held, cannot be accepted as she had admitted the execution of the sale deed before the Registrar. 11. A Division Bench of this

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

purchase the entire estate. After due deliberations, both parties reached consensus, under which, 1st defendant agreed to sell the “Tataguni Estate” to the plaintiff- Company. Accordingly, 1st defendant executed sale agreement dated 30.07.1991 agreeing to sell the plaint schedule property. The said agreement was also filed before the authorities of income tax under Chapter XX-C of the Income

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

The appeal is allowed

price of the said land and buy the scheduled property situated in 6.3 acres, immediately. 19. Prayer was sought for a direction to the Official Liquidator to sell the said 6.3 acres of schedule property wherein the Institution of the KIAMS is situated by accepting the amount stated therein. 20. Company Court vide order dated 30.09.2008 took note

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

The appeal stands dismissed

price paid found to be reasonable, taking an adverse view on the genuineness of M/s Mrigiya Electronics Inds. Pvt. Ltd. On the basis of some enquiry against it in some other case that too for different assessment year will not justified. The AO in Show Cause Notice informed the appellant that Sri Pramod Kumar Sharma, Director M/s Mrigya

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

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

price paid or promised, or of money, a share 57 / 79 CRA-322-08gr of crops, service or any other thing of value to be rendered periodically or on specified occasions to the transferor by the transferee, who accepts the transfer on such terms. Relying upon this judgment as also Section 105 of T.P. Act he submitted that leave