Cit vs suresh chandra mittal
WebAfter going through the letter of the ITO, the CIT (Appeals) held that Lotus Mills Ltd. would get a heavy refund from the Income Tax Department and it would be in a position to … Webproceedings are not conclusive. The decision in CIT vs. Suresh Chand Mittal(251 ITR 9) (SC) further fortifies the case of the assessee. In the present appeal, when the wrong claim/mistake was brought to the notice of the assessee, that too, during assessment proceedings itself (before passing the assessment order), the assessee paid the due taxes,
Cit vs suresh chandra mittal
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WebJul 20, 1999 · vs Suresh Chandra Mittal on 20 July, 1999 Equivalent citations: 2000 241 ITR 124 MP Author: B Khan-Bench: B Khan, S Singh JUDGMENT B.A. Khan, J. 1. The Income-tax Appellate Tribunal has made this reference and has filed statement of the case, for opinion of this court on the following question : Web1) "CIT v Suraj Bhan 159 Taxman 26 P & H - penalty cannot be imposed merely on account of higher income having been subsequently declared. In his case, the 7 ITA Nos. 858 to 863/Mds/2011assessee had filed the revised return showing higher income and gave an
WebSir Shadilal Sugar and General Mills Ltd vs. CIT (1987) 168 ITR 705 (SC) CIT vs. Suresh Chandra Mittal (2001) 251 ITR 9 (SC) Even after proviso to explanation 1, voluntary surrender to buy peace penalty u/ s 271 (1) (c) can not be levied. Ramnath Jaganath vs. State of Maharashtra(1984) 57 STC 46,51 (Bom), Webcase of SureshChandra Mittal vs. CIT (Supra), the Madhya Pradesh High Court has held that the assessment was made by the Revenue and once the assessing authorities had failed to take any objection in the matter of surrender of income made by the assessee in his revised return, the explanation that he had
WebCommissioner Of Income-Tax vs Suresh Chandra Mittal on 26 July, 2001 Section 133(6) in The Income- Tax Act, 1995 Warning on Translation User Queries long terms capital gains stock exchange revised return bogus Revise income income or capital gains sale of share penalty proceedings suresh chandra mittal section 133(6) sureshchandra suresh … WebIn case of CIT vs. Suresh Chandra Mittal 251 ITR 9 (SC), Hon'ble Supreme Court observed that if the assessee has offered the additional income to buy peace of mind …
WebMay 3, 2024 · ORIGINAL PDF. Manjit Singh v. Cit. This appeal by Assessee has been directed against the Order of the Ld. CIT (A)10, New Delhi, Dated 26.07.2024, for the …
WebIn Suresh Chandra Goyal (Supra), Hon'ble High Court of Delhi observed: "59. Thus, when one party gives a security to the other, implicit in the said transaction is the … literacy songs for toddlersWebIn case of CIT vs. Suresh Chandra Mittal 251 ITR 9 (SC), Hon'ble Supreme Court observed that if the assessee has offered the additional income to buy peace of mind and to avoid litigation penalty u/s.271 (1) (c) of the Act cannot be levied. importance of communication in cultureWebMar 12, 2009 · Suresh Chandra Mittal, [2001] 251 ITR 9/119 Taxman 433, has upheld the decision of the Madhya Pradesh High Court rendered in the case of CIT vs. Suresh … literacy songs for preschoolersWebIn CIT v. Suresh Chandra Mittal [2001] 251 ITR 963 (SC) the assessee filed revised returns showing higher income after search and notice for reopening of assessment, to purchase peace and avoid litigation and Department simply rested its conclusion on the act of voluntary surrender done by the 8 I.T.A. No. 327/Del/2014 Assessment year 2008-09 ... literacy source lake cityWebSuresh Chandra Mittal (2001) 251 ITR 9 (SC) He also relied upon the decision of ITAT, Bangalore in the following cases: IT Appeal No. 3480 (Bang.) of 2004 in the case of V. Krishnamurty v. Income Tax Officer dated 31-3-2005, IT Appeal No. 178 (Panaji) of 2002 in the case of Asstt. CIT v. G.L. Acharya dated 1-4-2005. literacy songsWebIn this connection, in the case of Suresh Chandra Mittal, the Hon'ble Supreme Court affirmed the decision of the Hon'ble M.P. High Court in CIT v. Suresh Chandra Mittal [2000] 241 ITR 124, wherein it was held that " The Revenue did not at all discharge the burden to prove that there was concealment of income by the assessee. importance of communication in diversityWebMay 2, 2015 · In case of CIT vs. Suresh Chandra Mittal 251 ITR 9 (SC), Hon’ble Supreme Court observed that if the assessee has offered the additional income to buy peace of … literacy source lake city way