Sirhind Steel (P) Ltd. Vs. Commissioner of Income Tax

Decided On : Jun-20-2003

Court : Gujarat

LAW: Section 40A(2, Section 263, Section 40A(2, Section 40A(8, Section 263, Section 40A(2, Section 40A(2, Section 40A(2, Section 40A(2, Section 40, Section 263, Section 40A(2)(a)--whether, Section 40A(2, Section 40A(2, Section 40A(2, Section 40A(2, Section 40A, the Finance Act, Section 40A(2, Section 40A(2, Section 40A(2, Section 256(1, the IT Act, Section 263, the IT Act, Section 263, the IT Act, Section 40A(2, Section 40A(2, Section 40A(2, Section 40A(2, Section 143(3, Section 263, Section 40A(2, Section 40A(8, Section 40A(2, Section 40A(2, Section 40A(2, Section 40A(8, Section 263, Section 40A(2, Section 263, Section 263, Section 40A(2, Section 40A(2, Section 40A(2, Section 263, the IT Act, Section 263(1, Section 263 of the Act, Section 147 of the Act and Section 154, the IT Act, Section 40, Section 40A(2, Section 40A(2, Section 40A(2, Section 40A(2)(a, Section 40A(2, Section 40A(2, Section 40A(2, Section 40(c)(i, Section 40A(2, Section 40A(2, Section 40A(2, Section 40A(2, Section 40A(2, the Finance Act, Section 263, Section 40A(2, Section 40A(2, Section 40A(2, Section 40A(2, Section 40A(2, Section 263, Section 263, Section 40A(2, Section 40A(2, Section 40A(2, Section 40A(2, Section 40A(8, Section 40A(2, Section 40A(2, Section 40A(2, Section 40A(2, Section 40A(2, Section 263, Section 40A(2, Section 263, Section 40A(2, Section 259(2, the IT Act

PERSON: M.S. Shah, R.R. Malhotra, A.R. Malhotra, Ravinder Malhotra, R.K. Patel, Pithisaria Vol, Akil Kureshi, Kureshi, Rs, Asst, Ved Prakash M. Patel, D.A. Mehta, J.1, Tax, R.K. Patel, Patel, AKil Qureshi, Rs, Minalben S. Parikh, Persons, Punjab, Beedi Works, Anr, Tax, Ved Prakash M. Patel, Anandji Shah v., Multani Bankers, Ambica Ram v., Almirah, Almirah, Berry v. CIT, AM Qureshi, Qureshi, Qureshi, Qureshi, jurisdiction.39, Qureshi, Berry, suo motu jurisdiction, M.S. Shah, J.In, A.R. Dave, M.S. Shah, D.A. Mehta, Shri R.K. Patel, Shri Tanvish Bhatt, Shri R.K. Patel

DATE: J.28th Dec., 2001 1, 1982-83, 16th Oct. 1978, 30th June, 1980, 1st Aug., 1980, ten years, 10 years 5, 30th June, 1981, 1982-83, 14th March, 1993, 31st Jan., 1985, Feb., 1985, 12th March, 1985, March, 1983, the year, another period of nine years, 1982-83, 1968, 6th July, 1968, 2431, 1981, one year, the next five years, the next nine years, '40A(2)(a, the very first year, four years, the present assessment year, 1982-83, 1983-84, 5,78,561 1984-85, 1985-86, 12th March, 1985, 6th July, 1968, ten years, 1962-63, 1968, 1st April, 1968, the entire season, the year, the year ending 30th June, 1968, 1969-70, eighty-one, 1965, Section 40A(2, one year, the next nine years, ten years, 1961, '6, 1982-83, the year ended on 30th June, 1981, 14th March, 1983, 31st Jan., 1985, the year, 22nd Feb., 10 years, Feb., 1985, a span of 10 years, '17, the year, '19, 10th July, 1987, '17, '10, 1st Aug., 1980, 9 years, 2000, 1961, '40, 30 to 39, eleven months, the previous year, seventy-two thousand, eleven months, the previous year, each month, ' 17, the assessment year, Section 40A(2, Section 40A(2, Section 40A(2, 1968, 1968, 6th July, 1968, Para., '74, '21, the assessment year, ten years, '18, '25, 1946, '29, ten years, 32, Section 40A(2, financial year, June, 1981, 6th July, 1968, 10 years, a span of 10 years, 1961, 204/1989

ORG: Court, CTD, PWD, Malhotra Steel Corporation, CIT, CIT, ITO, ITO, CIT, ITO, CIT, Tribunal, Tribunal, CIT, Tribunal, Tribunal, the Tribunal for the assessment year, Tribunal, Tribunal, Reliance, Court, Kishabhai Patel & Co., CIT, Voltemp Transformer, CIT, the Tax authority, Malhotra Steel Corporation, Tribunal, Tribunal, Tribunal, Court, Tribunal, ITO, ITO, CIT, ITO, CIT, Tribunal, Court, Tribunal, Upper India Publishing House, CIT, the Delhi High Court, CIT, Northern India Iron and Steel Co. Ltd., the Punjab & Haryana High Court, Narain Motors, CIT .7, Tribunal, AO, Tribunal, Tribunal, CIT, Department, Tribunal, CIT, Tribunal, Tribunal, Tribunal, Tribunal, Court, Tribunal, Tribunal, Court, Court, Court, Tribunal, Court, Tribunal, CIT, The High Court, Tribunal, Kishabhai Patel & Co., CIT, Court, Court, Department, Department, Court, Tribunal, Court, Voltamp Transformers, CIT, Court, ITO, Court, Tribunal, Court, Court, Tribunal, Tribunal, Tribunal, Tribunal, Court, Tribunal, Tribunal, Court, Tribunal, Tribunal, Court, Tribunal, CIT, Tribunal, Tribunal, Tribunal, Tribunal, CIT, Tribunal, Tribunal, Tribunal, Tribunal, Tribunal, CIT, ITO, ITO, ITO, CIT, CIT, ITO, ITO, ITO, Revenue, Tribunal, Tribunal, CIT, CIT, CIT, Tribunal, Tribunal, Tribunal, CIT, Tribunal, Tribunal, CIT, Tribunal, CIT, Tribunal, Tribunal, CIT, Tribunal, CIT, CIT, Tribunal, Court, Tribunal, Tribunal, Court, Tribunal, Malabai Industrial Co. Ltd., CIT, ITR, CIT, ITO, CIT, AO, ITO, AO, ITO, AO, AO, ITO, ITO, CIT, ITO, CIT, Gabriel India Ltd., CIT, the apex Court, Malabar Industrial Co. Ltd., supra)15, AO, AO, Court, ITO, AOP, HUFany, AOP, HUF, ITO, ITO, ITO, ITO, Karnataka High Court, CIT, Haryana High Court, CIT, The Calcutta High Court, India Jute Co. Ltd., CIT, Karnataka High Court, P) Ltd., the Supreme Court, CBDT, ITO, ITO, CIT, CIT, AO, Tribunal, Tribunal, CIT, Tribunal, Tribunal, Tribunal, CIT, Tribunal, Tribunal, Tribunal, Tribunal, Tribunal, Tribunal, Narayan Motors, CIT the High Court, the Tribunal that Section 40A(2, CIT, Tribunal, Tribunal, ITO, ITO, Hundi and Demand Pronote, Tribunal, Court, CIT, Tribunal, CIT, Tribunal, Tribunal, Court, Court, The Supreme Court, the High Denomination Bank Notes (Denomination) Ordinance, Tribunal, Tribunal, Tribunal, The Supreme Court, Tribunal, Court, Tribunal, Tribunal, Tribunal, Court, Tribunal, Tribunal, Tribunal, Court, Tribunal, the Supreme Court, The Tribunal, CIT, CIT, CIT, Department, Department, Tribunal, Tribunal, Tribunal, CIT, Tribunal, Tribunal, Tribunal, Tribunal, Tribunal, Tribunal, Tribunal, Tribunal, Tribunal, Tribunal, Tribunal, Court, Court, Court, Court, McDowell & Co. Ltd., CTO, Court, Tribunal, McDowell, McDowell, Tribunal, Tribunal, Tribunal, Tribunal, the Tribunal on the one, Tribunal, Tribunal, Tribunal, Court, Court, CIT, Tribunal, CIT, CIT, CIT, Tribunal, CIT, Tribunal, Tribunal, Tribunal, CIT, Tribunal, Act, ITO, CIT, Tribunal, Court, Tribunal, Tribunal, Court, Tribunal, Court, Court, Tribunal, Tribunal, Court, Tribunal, Tribunal, CBDT, Tribunal, CIT, Tribunal, Tribunal, CIT, Tribunal, Tribunal, CIT, CIT, CIT, CIT, Tribunal, Tribunal, Tribunal, Tribunal, CIT, Tribunal, CIT, AO, AO, Revenue The Tribunal, the apex Court, Malabar Industrial Co. Ltd., not.43, Tribunal, Tribunal, Tribunal, Court, Court

CARDINAL: 2, 2.1, 6, three, 2, 6, 2.2, 7.93, 6, three, 2.3, 2,57,729, three, 2.4, 6, three, 7.93, three, 6, 3., 3.1, 1, 2, 3, 4, 5, 3.2, 1, 2, 3, 6P, II, 74, 2432, 3.3, 1977]108ITR54(Guj, 129, 105, 4.1, 6, 7.93, 4.2, 4.3, three, 4.4, 7.93, 1,80,000, 6,13,000, 5, 7.93, three, 1979]117ITR569(SC, 1989]179ITR599(Delhi, more than one, more than one, 6, 7,93, 6, 6, 6, 6.13, 7.93, 1.80, three, three, 7.93, three, 7.93, 6, 7.93, 6, 3.91, almost 65, 6, 7.93, 6, 7.93, 6, 50, 6, 6, 1988]169ITR591(MP, 80,977, 6, 7.93, 6, 6, five, 1, 2, 3, 4, 5, 3, 6, five, 1, 7,93,187, 2, 3, 1985.5, three, four, three, 6, 6, 6, 17, 6, 7,93,187, 19, 7,93,187, 11, 40A(8, 1, 11, 14 to 16, 6, 7,93,187, 243, 83, one, one, two, 1993]203ITR108(Bom, 1995]215ITR81(Guj, 2)(a, one, six thousand, 30 to 39, two, one, 1980]121ITR551(KAR, 1989]178ITR649(Cal, 1993]201ITR1063(SC, 6, 74, 7,93,187, 6, 7,93,187, 7,93,187, 6, 23, 7.93, 6, three, 24, 18, 6, 3, 1988]169ITR591(MP, 1990]181ITR171(Ker, 1959]37ITR288(SC, 2,91,000, 2,91,000, 3,10,681, 1,50,000, 1,50,000, 1,41,000.'While, one, one, 1, 2, 3, 4, 5, 6, 8), 30, two, 6,00,000, 1996]222ITR831(Guj, 1985]154ITR148(SC, five, five, 17, 11, 18, 6, 3, 4, three, 16, 15, 6, 7,93,187

MONEY: 15 per cent, 15 per cent, 5 per cent, 15 per cent, 15 per cent, 50 per cent, 50 per cent, 15 per cent, 15 per cent, 15 per cent, 30 per cent, 50 per cent, 50 per cent, 50 per cent, 50 per cent, 30 per cent, 24 per cent, 30 per cent, 50 per cent, 50 per cent, 65 per cent, minus 30 per cent, 50 per cent, 13 per cent, 65 per cent, 3 per cent, three per cent, 5 per cent, five per cent, 5 per cent commission, 15 per cent, 50 per cent, 45 per cent, 45 per cent, 50 per cent, 50 per cent, 50 per cent, 50 per cent, 24 per cent, 12 per cent, 29 per cent, 30 per cent, 18 per cent, 50 per cent, 24 per cent, 50 per cent

ORDINAL: 22nd, second, second, third, 22nd, third

GPE: Chaturvedi, Marghabhai, p.a., Marghabhai, asst, p.a., Marghabhai, agency.14, Section40A(2, Gujarat, assessee, assessee, Sections, T.T., p.a., p.a., Rokad, Rokad, Banyan, law.33, Clause, Banyan

PRODUCT: Act.4, Act.35

LOC: Act.12

NORP: Explanatory, contra, J.1, Hon'ble