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M/S Bharat Bijlee Ltd. Vs. V.K. Srivastava, Commissioner of Income Tax ...

Court : Mumbai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 140-A, 143, 144, 147, 156, 192 to 194, 210, 212, 214, 215, 216, 217, 220 to 231, 250, 254, 260, 264 and 273; Income Tax Act, 1984 - Sections 263; Taxation Laws (Amendment) Act, 1984; Income Tax Rules, 1962 - Rule 40

Reported in : 1998(2)BomCR274; [1998]230ITR76(Bom)

Advocate for Appellant : S.J. Mehta, ;I.M. Munim, Advs.

ORDERDr. B.P. Saraf, J.1. The petitioner in this case is aggrieved by the levy of interest by the Assessing Authority under section 215 of the Income Tax Act, 1961 ('Act') while giving effect to the revisional...

Dilip N. Shroff (Karta of N.D. Shroff Smaller Huf) Vs. Joint Commissio ...

Court : Mumbai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 271(1)

Reported in : [2007]291ITR513(Bom)

Advocate for Appellant : S.J. Mehta, Adv.

1. Heard Mr. S.J. Mehta, learned Counsel for the assessee-appellant.2. The assessee for the assessment year 1998-99 declared income of Rs. 30,80,030. The assessee is a Hindu undivided family, and his case was selected for scrutiny....

Cit Vs. Shatrunjay Diamonds

Court : Mumbai

Subject : Direct Taxation

Reported in : [2003]128TAXMAN759(Bom)

Advocate for Appellant : R.V. Desai, P.S. Jetley, K.R. Chaudhari and K.B. Rao, for the Revenue S.J. Mehta and Ms. A. Vissanjee, for the Assessee

J.P. Devadhar, J.The revenue has filed this tax appeal under section 260A of the Income Tax Act, 1961 (hereinafter referred to as 'the Act') against the order passed by the Income Tax Appellate Tribunal (hereinafter referred...

Cwt Vs. Apar Ltd.

Court : Mumbai

Subject : Direct Taxation

Reported in : [2002]122TAXMAN631(Bom)

Advocate for Appellant : R.V. Desai, P.S. Jetly and B.M. Chatterjee, for the Revenue Ms. A. Vissanji and S.J. Mehta, for the Assessee

V.C. Daga, J. This appeal under section 27A of the Wealth Tax Act, 1957 (hereinafter referred to as the Act') is directed against the order of the Tribunal, Mumbai Bench 'B', in IT Appeal No. 44...

icici Bank Ltd. Vs. K.J. Rao, Dy. Cit

Court : Mumbai

Subject : Direct Taxation

Reported in : [2004]268ITR303(Bom); [2004]136TAXMAN669(Bom)

Advocate for Appellant : Ms. A. Vissanji and S.J. Mehta, for the Assessee R.V. Desai and P.S. Jetly, for the Revenue

J.P. Devadhar, J.Rule, returnable forthwith. By the consent of the parties, both the petitions are taken up for final hearing.2. In these two petitions, the ICICI Bank Ltd. has challenged the notices both dated 17-10-2002 (relating...

Cit Vs. Shapoorji Pallonji and Co. (P) Ltd.

Court : Mumbai

Subject : Direct Taxation

Reported in : [2003]132TAXMAN788(Bom)

Advocate for Appellant : R.V. Desai, P.S. Jetly and Mrs. S.V. Bharucha, for the Revenue S.J Mehta and Ms. A. Vissanji, for the Assessee

S.H. Kapadia, J. At the instance of the department, the following two questions have been referred to us for our opinion under section 256(1) of the Income Tax Act concerning assessment year 1972-73.2. For the sake...

Vissanji Sons and Co. Ltd. Vs. Cit

Court : Mumbai

Subject : Direct Taxation

Reported in : [2006]155TAXMAN195(Bom)

Advocate for Appellant : Ms. Aarti Vissanji & S.J. Mehta, for the Assessee Parag Vyas, for the Revenue.

V.C. Daga, J. This reference under section 256(l) of the Income Tax Act, is at the instance of the revenue, arising out of the order in ITA No. 423/Bom./83, dated 30-11-1984 passed by the ITAT, Mumbai...

Commissioner of Income Tax Vs. Gwalior Rayon Silk Mfg. (Wvg) Co. Ltd.

Court : Mumbai

Subject : Direct Taxation

Reported in : (1999)152CTR(Bom)284

Advocate for Appellant : S.E. Dastur M S.J Mehta, R.H. Toprani & P.R. Toprani ilb IM. Munfin & SJ Mehta, for the Applicant R. V. Desal Mth B.M. Chattellee, for the Respondent Wvg.) Co. Ltd. vs. CIT (1988) 173 ITR 126

DR. B.P. SARAF, J.By this reference under s. 256(1) of the IT Act, 1961, the Tribunal has referred the following 16 questions of law to this Court for opinion. The first 6 questions are at the...

Cit Vs. Bombay Burmah Trading Corpn. Ltd.

Court : Mumbai

Subject : Direct Taxation

Reported in : [2003]126TAXMAN403(Bom)

Advocate for Appellant : R.V. Desai and P.S. Jetly, for the Revenue S.E. Dastur, S.J. Mehta and Ms. A. Vissanjee, for the Assessee

S.H. Kapadia, J.All the above four References have come to this court under section 256(1) of the Income Tax Act for assessment years 1971-72, 1972-73, 1973-74, 1978-79, 1980-81 and 1981-82. Since all the four References raise...

Commissioner of Income-tax Vs. Kesar Sugar Works Ltd.

Court : Mumbai

Subject : Direct Taxation

Reported in : [1999]239ITR398(Bom); [1999]107TAXMAN226(Bom)

Advocate for Appellant : P. S. Jetley with R. V. Desai, for the Commissioner S. J. Mehta with I. M. Munim, for the assessee

DR. B. P. S. J.-By this reference under section 256(1) of the Income Tax Act, 1961, the Income Tax Appellate Tribunal has referred the following questions of law to this court for opinion at the instance...