Shri Hiralal Lokchandani Vs. Income Tax Officer

Decided On : Nov-17-2006

Court : Income Tax Appellate Tribunal ITAT Cuttack

LAW: the Income Tax Act, Section 55(2)(b)(i, Section 68(2, Section 143(3)/144A, Section 55(2)(b)(i, Section 45 to 55, Section 48, the Circular No, Section 55(2)(b)(i, the I.T. Act, Section 48, Section 55(2)(b)(i, the Fair Market Value, Section 73, the Fair Market Value, Section 48, Section 47, Section 55, Section 55, Section 48, Section 48, Section 55, Article 14 of the Constitution of India.19, Rule 46A(1, Section 251, Section 271

CARDINAL: 1, 26, three, 2., 3., 4., 27,479/-, 7.1, 16, 22.12.1997, 20,77,670/-, 1, 5, 16,86,204/-, 1.4.81, 06.02.2001, 27,479/- ------------------ 8, 1, 7, 16 to 18, 6, 1.4.81, one, 6.1, 1.4.81, 1.4.81, 1.4.81, 1.4.87, 1.4.81, 1.4.87, 1.4.81, 1.4.87, 6.2, 1.4.81 6.3, 6.4, 72, 16, 1, 249, 307.The, 1, 128, 294, 1, 211, 721, 754, 10-6-1997, 1977.In, 16, 1-4-1981, 1-4-1981, 1-4-1981, 11.1, only two, 8D, 753, 754, 755, 1-4-1981, 16, 754, 10-6-1997, 1-4-1987, 754, 1, two, more than one, 1, 1, 1-4-1981, 1, 500, 1, 1-4-1954, 1, 1, 1, 56.The, 35,504, 35,504/-, 1, 1-4-1970, one, one, 1970.16.3, 1, 1, 1, 6, 8D, 20.1, 1, 15, 5, 1, one, 1, 2, 1, 3, 1, 4, 1, 1, 1, 5., 6.

ORG: Sambalpur, VDIS, CIT, Cuttack, VDIS, VDIS, Jewellers, VDIS, CIT Under Section 144A, Assessing, Jewellers, M/s. Santosh Gems &amp, FMV, FMV, FMV, FMV, 71 &amp, VDIS, Hon'ble Apex Court, CIT, Gem India Manufacturing Co., ITR, the Hon'ble Apex Court, CIT, Jogat, Jurisdictional High Court, CBDT, CBDT, VDIS, VDIS, the Board Circular, FMV, FMV, FMV, FMV, FMV, Capital Gains, CDBT, Jewellery, Fair, FMV, the CBDT Circular/Clarification No, Department, the Department to Valuation Cell, jewellery, VDIS, Wealth Tax, Board, Department, Board, VDIS, FMV, VDIS, Hon'ble Bombay High Court, Harish Mahindra, Lordships, Bombay High Court, CIT, C. C, Tribunal, Meccane Industries Ltd., M. Nachiappan, B.N. Vays, Bombay High Court, the Hon'ble Kerala High Court, Smt, Steel Group Ltd., VDIS, Lordships, the Hon'ble Jurisdictional High Court, I.T. Rule 1962, Clauses, the Commissioner (Appeals, the Commissioner (Appeals, the Commissioner (Appeals, the Commissioner (Appeals, the A.O., A.O.will

DATE: the assessment year 1998-99.2, 1961, 1.4.1987, 1.4.1981.3, 18.07.2006, 1997, 76, 1997, 26.2.1998, 1981, the assessment, year 1975-76, 1981, 1998, the same year, the year 1998, the first day of April, 1981, the year 1998, 1.4. 81, 1997, the accounting year, year 1975-76, year, the financial year 1974-75, year 1975-76, the year 1975-76, 1975-76, year 1998-99, 1975-76, 1975-76, 1957, the year, years, earlier years, the future years, 1981, 1981, the 1^st day of April, 1981, the financial year, year 1975-, year 1998-99, 1981, 1981, January 1, 1954, 1963, 1967, 1941, 1970, the previous year, year 1972-73, 1941, January 1, 1954, January 1, 1954, April 1, 1981, 1987, 1957

NORP: Hon'ble, Hon'ble, Hon'ble, Hon'ble, Indian, Indian, Indian, Indian, R., R., Similar, Hon'ble

WORK_OF_ART: I.T.A.T. Under Section 255(3, Tejabi Gold, The Hon'ble Jurisdictional High Court, Rule 46A. Considering

GPE: I.T.A.T., I.T.A.T., I.T.A.T., Ld, A.O., A.O., A.O., A.O., A.O., A.O., Sections 64, A.O., Ld, A.O., A.O., A.O., D.R., D.R., D.R., F.Y., F.Y., Govt., D.R., A.O., A.O., A.O., Ld, R.15, D.R., India, D.R., A.O., A.O., Govt., A.O., A.O., D.R., A.O., A.O., A.O., A.O., assessee, A.O., A.O., A.O., A.O.

ORDINAL: first, first, second, first, second, second, first

PERSON: Long Term Capital Gain, Valuer, VDIS, Mansukhlal Lotia, Raipur, Rule 46A, Mohan Kapur v.Wealth, uncut diamond, VDIS.Therefore, uncut diamond, uncut diamond, Shakuntala Kantilal 190, Keshavji Karsondas, Subaida Beevi, uncut diamond, Raipur, uncut diamond

MONEY: 6 &

PRODUCT: Para 4 to 6.3, us.10, Page 39, Page 39

FAC: Bonus, Jagat Mohan Kapur, Mansukhlal Lotai