The Commissioner of Income Tax-III vs. M/s.Samrakshna Electricals Ltd

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

273 = (2000) 246 ITR 693 (Bom) = (2000) 113 TAXMAN 386 (Bom) 12 ITA No.6 of 2005 & other connected matters opportunity of hearing has been given to the assessee the entire annulment of assessment cannot be justified and even if certain wrong is committed the entirety of the assessment order cannot be said to be annulled. Therefore, the question

M/s.GVK Petro Chemicals Private Limited,(Novo Resins AND vs. The Deputy Commissioner of Income Tax,

273 = (2000) 246 ITR 693 (Bom) = (2000) 113 TAXMAN 386 (Bom) 12 ITA No.6 of 2005 & other connected matters opportunity of hearing has been given to the assessee the entire annulment of assessment cannot be justified and even if certain wrong is committed the entirety of the assessment order cannot be said to be annulled. Therefore, the question

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

u/s. 133A and has surrendered a sum of Rs. 57,00,000/- in assessment year 2004-05 and Rs. 20,00,000/- in assessment year 2005-06? 7. Whether under the facts and circumstances of the case and in law, the Tribunal was justified in deleting the entire additions of Rs. 1,55,998/- made on account of bogus payment

The Commissioner of Income Tax-IV vs. Moschip Semiconductor Technology Ltd.,

The appeal stands dismissed

Bench: GODA RAGHURAM,M.S.RAMACHANDRA RAO

147, it is of utmost importance, that the AO should have reason to believe, based on relevant and cogent material, that such income has escaped assessment. It has been found, that there was no material direct or indirect, available with the AO, which could show that the receipt of donations, amounting to Rs. 30,16,598, was without any specific