Month: April 1999

Punjab & Haryana H.C : Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in deleting the addition of Rs. 73,500 made on account of unexplained cash credits in the names of S/Shri Pritam Lal, Ramesh Chand, Bhulle Ram and Om Prakash?

High Court Of Punjab & Haryana CIT vs. Shanti Swarup Section 256(2) Asst. Year 1980-81 Jawahar Lal Gupta & N.K. Agrawal, JJ. IT Case No. 33 of 1998 22nd April, 1999 Counsel Appeared R.P. Sawhney with Rajesh Bindal, for the Revenue JUDGMENT JAWAHAR LAL GUPTA, J. : The assessment year is 1980-81. The assessee filed the …

Gujarat H.C : Whether the Tribunal is right in law and on facts in holding that only the net profit rate can be applied in respect of admitted sales of goods outside the books of account ?

High Court Of Gujarat CIT vs. President Industries Section 256(2) Asst. Year 1994-95 Rajesh Balia & A.R. Dave, JJ. IT Appln. No. 53 of 1999 20th April, 1999 Counsel Appeared Manish R. Bhatt, for the Petitioner : None, for the Respondent ORDER BY THE COURT : By this application under s. 256(2), the CIT seeks a …

Allahabad H.C : Whether the provisions of s. 147(a) of the IT Act are applicable when the assessee had already made a disclosure of income under Voluntary Disclosure of Income and Wealth Act, 1975 for the relevant year ?

High Court Of Allahabad Shyam Sunder Jalan vs. CIT Sections 147(a), 148 S.L. Saraf & R.K. Agrawal, JJ. IT Ref. No. 195 of 1982 15th April, 1999 Counsel Appeared Vikram Gulati, for the Applicant : Govind Krishna, for the Respondent ORDER BY THE COURT : We have heard Shri Vikram Gulati, the learned counsel for the …
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