The Pr.Commissioner of Income Tax (Central) vs. M/s Vaishnavi Educational Society

In the result, this Cross Objection is allowed and the suit is

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

transfer by the Owner to defeat or delay his creditors, it applies generally to all transferees RFA 554/15 & CON. CASES 46 who claim to be bonafide. A learned Division Bench of this Court also followed this view in Krishnamenon v. Pradeep Kumar (2017 (1) KLT 429), holding again in the context of Section 53 of the TP Act, that once

The commissioner of Income Tax IV vs. M/s Lanco Kondapalli Power (P) Ltd

32a Rohit Jitendra Chawda 32b Gita Rohit Chawda, both adults, of Mumbai, Indian Inhabitants, having present address at A/304 Neelam Building, Shantilal Modi X Road No.2, Kandivali (West), Mumbai 400 067. 33. Deepak Jayantilal Parekh, an adult of Mumbai, Indian Inhabitant, having present address at 101, 1st floor, Kanyakumari, MG Road, Kandivali (West), Mumbai 400 067. 34a Bhogilal Veniram Darji