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Mar 03 1996

Assistant Commissioner Wealth Tax Vs. Sultan Brothers (P) Ltd. (Also S ...

Court: Mumbai

Decided on: Mar-03-1996

Reported in: (1997)58TTJ(Mumbai)562

Matched in: Parties Assistant Commissioner Wealth Tax Vs. Sultan Brothers (P) Ltd. (Also Sultan Brothers (P) Ltd. V. Asstt. Cwt).


May 27 1997

Assistant Commissioner of Income Tax Vs. G. S. BhatiA. (Also G. S. Bha ...

Court: Mumbai

Decided on: May-27-1997

Reported in: (1997)59TTJ(Mumbai)91

Matched in: Parties Assistant Commissioner of Income Tax Vs. G. S. BhatiA. (Also G. S. Bhatia V. Asstt. Cit.).


Jul 12 1996

Assistant Commissioner of Income Tax Vs. Meghraj GolechA. (Meghraj Gol ...

Court: Mumbai

Decided on: Jul-12-1996

Reported in: (1997)57TTJ(Mumbai)209

cases of Laduram Laxminarayan vs. Addl. ITO & Ors. (1976) 102 ITR 599 , East Coast Commercial Co. Ltd. vs . ITO : [1981]128ITR326(Cal) and Govind Chaudhary vs . ITO & Ors. : [1977]109ITR370(Orissa) to support his … of the Supreme Court in the case of Ghanshyamdas vs . Regional Asstt. CST & Ors. : [1964]51ITR557(SC) to support his argument that income cannot … ORDERJ. K. VERMA, A. M. :All these cross-appeals and cross-objections arise from a common order of CIT(A) in the above-mentioned assessment


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May 19 1993

Assistant Commissioner of Income Tax Vs. Sak Industries (P.) Ltd. (Sak ...

Court: Delhi

Decided on: May-19-1993

Reported in: (1994)49TTJ(Del)457

Matched in: Parties Assistant Commissioner of Income Tax Vs. Sak Industries (P.) Ltd. (Sak Industries Pvt. Ltd. V. Asstt. Cit).


May 13 1996

Assistant Commissioner of Income Tax Vs. Snia Fibre Spa (Snia Fibre Sp ...

Court: Delhi

Decided on: May-13-1996

Reported in: (1996)55TTJ(Del)554

the assessed is a foreign company based in Italy. It had entered into an agreement with M/s Modipon Ltd. on 21st Jan., 1983, which was subsequently approved by the Government of India. The account period of the … in appeal before the learned CIT(A) when it was submitted that the rate of exchange for calculation of value in rupees should be telegraphic buying rate as on the date on which the tax is required to


Apr 30 1997

Babu Ram Vs. Assistant Commissioner of Income Tax. (Also Prabhu Dayal ...

Court: Delhi

Decided on: Apr-30-1997

Reported in: (1997)59TTJ(Del)105

Appa Rao : [1975]2SCR32 3. P. V. Doshi vs. CIT : [1978]113ITR22(Guj) and4. Delhi Cloth & Gen. Mills Ltd. vs. R. R. Gupta : AIR1977SC2086 .We have given careful thought to the aforesaid submissions and examined impugned


Nov 14 2003

Master Abhinav Malhotra and anr. V Asstt. Cit

Court: Delhi

Decided on: Nov-14-2003

Reported in: (2004)89TTJ(Del)144

Reliance has been placed on the Apex Court decision in the case of CIT v. Orissa Corporation (P) Ltd. : [1986]159ITR78(SC) and in the case of Nathu Ram Prem Chand v. CIT : [1963]49ITR561(All) .9. It was … a view has been entertained by the Chandigarh Bench of the Tribunal in the case of R.K. Sayal v. Asstt. CIT ITA No. 1165/Chd/1996, dated 11-2-1999 as also in another case of Jawahar Lal 0swal v. Assn. CIT


May 29 1997

S. A. Growth Fund (P) Ltd. Vs. Assistant Commissioner of Income Tax. ( ...

Court: Delhi

Decided on: May-29-1997

Reported in: (1997)59TTJ(Del)384

of the above sum in terms of the Bearer Bonds Act. The Asstt. CIT however, asked the assessed to explain the source of the funds … were identical. Accordingly, arguments were heard in ITA No. 673 in the case of S.A. Growth Fund (P) Ltd.The facts in brief are that the assessee, a private limited company was incorporated on 11th February, 1991. It … 2,000 per bond. The total amount realised by the assessed on such redemption was :Rs.(i) Against the face value of Rs. 10,000 per bond (885 bonds) 88,50,000(ii) As premium of Rs. 2000 per bond for 885 bonds


Oct 01 1997

Jayanti Lal Patel Vs. Assistant Commissioner of Income Tax and ors. (A ...

Court: Rajasthan

Decided on: Oct-01-1997

Reported in: (1997)142CTR(Raj)571

has also been treated as income from unexplained sources. Similarly, after raid, enquiry has been made by the Asstt. CIT before order under s. 132(5), the statements of seller of plot and agent through whom the plot … s. 132(5) of the IT Act, 1961 (hereinafter, referred as the Act) has been passed and therein the view has been taken that Shri Jayanti Lal Patel is owner of these 3 FDRs and not Dr. Tomar.


Oct 28 1994

V. Anandmull JaIn (indl.) Vs. Assistant Commissioner of Income Tax (Al ...

Court: Chennai

Decided on: Oct-28-1994

Reported in: (1996)54TTJ(Mad)50

fact that, in similar circumstances, following the Supreme Court case of Sir Shadi Lal Sugar & General Mills Ltd. & Anr. vs . CIT : [1987]168ITR705(SC) , the Tribunal had cancelled the penalties levied in an earlier … a common order.2. The aforesaid assessees are members of one and the same group doing business in money-lending, vehicle financing, sale of fertilizers and hulling of paddy. This group was subjected to search and seizure operations on


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