Subscription   Feedback   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Articles Highlights TMI Notes SMS News Newsletters Calendar Imp. Links Database Experts Contact us More....
Extracts
Home List
← Previous Next →

The Commissioner of Income Tax, Central-I Versus M/s. Mul Health Care Products Ltd.

2015 (4) TMI 58 - BOMBAY HIGH COURT

Correctness of the notice issued under section 158BC - Whether Commissioner of Income Tax (Appeals) did not grant full relief to the assessee and restricted it? - 10% of the sum of ₹ 8,98,36,614/- was held to be from inflated purchases by CIT(A) but deleted by tribunal - Held that:- if the books of accounts and other documents relevant for this purpose in terms of the Tribunal's conclusion establish that the assessing officer's conclusion that the purchases are bogus cannot be sust .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

do not find that such conclusion and essentially on the facts as are to be found of the impugned order would raise any substantial question of law. The Tribunal's conclusions are consistent with all the documents and their contents. This is nothing but an attempt to seek re-appreciation and re-appraisal of such factual conclusion. - Decided against revenue. - Income Tax Appeal No. 548 of 2008 - Dated:- 17-3-2015 - S. C. Dharmadhikari And A. K. Menon,JJ. For the Appellants : Mr N C Mohanty & .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

issued under section 158BC of the Income Tax Act, 1961 for the block assessment proceedings. We do not find any substantial question of law arising from a finding in favour of the revenue that a notice initiating block assessment does not suffer from legal infirmities requiring any interference by this Court. 4. The only argument canvassed before us is that the Commissioner of Income Tax (Appeals) did not grant full relief to the assessee and restricted it in terms of its directions in para 4 of .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

he purchases of raw materials and spare parts from Ramesh Parekh group of concerns were bogus. The Commissioner of Income Tax (Appeals) had before him the cases of M/s. Mul Dent Pro Ltd. and the present one namely M/s.Mul Healthcare Products Ltd. The Commissioner of Income Tax (Appeals) upheld the order in the case of M/s.Mul Dent Pro Ltd. and held that the order in relation to the present assessee passed by the assessing officer contains identical facts. The appellate order dealing with the ord .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

what is new what is new
  ↓     bird's eye view     ↓  


|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version