Case Laws Analysis
Followed on Deepak Electronics v. ITO 2022 TaxPub(DT) 0754 (Chd-Trib)
Followed on Unity Industries No. 60 v. ITO 2020 TaxPub(DT) 4819 (Bang-Trib)
Relied on NSL Renewable Power (P) Ltd. v. Dy. CIT 2020 TaxPub(DT) 4044 (Hyd-Trib)
Followed on JMD Auto India (P) Ltd. v. Asstt. CIT 2020 TaxPub(DT) 2989 (Mum-Trib)
Followed on Futura Polyster Ltd. v. ITO 2020 TaxPub(DT) 2895 (Mum-Trib)
Relied on JCIT v. Flipkart India (P) Ltd. 2019 TaxPub(DT) 3121 (Bang-Trib)
Relied on Shreeya Welfare Trust v. ITO 2019 TaxPub(DT) 2591 (Hyd-Trib)
Relied on Rolls-Royce Marine India (P) Ltd. v. Dy. CIT 2019 TaxPub(DT) 0191 (Mum-Trib)
Followed on ACIT v. Association of Road Transport Undertaking 2018 TaxPub(DT) 7664 (Del-Trib)
Followed on Dy. CIT v. Alleppey District Co-operative Bank Ltd. 2018 TaxPub(DT) 1737 (Coch-Trib)
Followed on Shri Bharat Cement Pipe Company v. Deputy Commissioner of Income Tax 2016 TaxPub(DT) 3100 (Pune-Trib)
Followed on Dy. CIT v. India Jute & Industries Ltd. 2016 TaxPub(DT) 2039 (Kol-Trib)
Distinguished on Trade Apartment Ltd. v. CIT 2015 TaxPub(DT) 2567 (Cal-HC)
Relied on Dy. CIT v. Motorola Solutions India (P.) Ltd. 2013 TaxPub(DT) 2780 (Del-Trib)
Followed on CIT v. Nathpa Jhakri Joint Venture 2013 TaxPub(DT) 2201 (Bom-HC)
Followed on Dy. CIT v. Woodlands Hospital & Medical Research 2013 TaxPub(DT) 2051 (Kol-Trib)
Relied on Nuance Transcription Services India (P) Ltd. v. Dy. CIT 2012 TaxPub(DT) 3218 (Bang-Trib)
Relied on CIT v. Historic Resort Hotels 2012 TaxPub(DT) 3056 (Raj-HC)
Followed on CIT v. Haritha Seating Systems Ltd. 2012 TaxPub(DT) 0355 (Mad-HC)
Followed on Commissioner of Income Tax v. Eli Lilly & Co. India (P.) Ltd. 2011 TaxPub(DT) 1678 (Del-HC)
Followed on Dy. CIT v. R.B. Knit Exports (Export Wing) 2011 TaxPub(DT) 0428 (Chd-Trib)
Followed on Dy. CIT v. Waman Hari Pethe Sons 2011 TaxPub(DT) 0193 (Mum-Trib)
Relied on CIT v. Soora Subramanian 2011 TaxPub(DT) 0098 (Mad-HC)
Relied on Kailashnath Malhotra v. Jt. CIT 2011 TaxPub(DT) 0097 (Mum-Trib)
Relied on Adarshveer P. Jain v. Asstt. CIT 2009 TaxPub(DT) 1789 (Mum-Trib)
Relied on Grasim Industries Ltd. v. CIT 2009 TaxPub(DT) 1528 (Bom-HC)
Followed on CIT v. Steel Strips Ltd. 2009 TaxPub(DT) 1305 (P&H-HC)
Relied on CIT v. C.K. Khanna & Smt. Vimla Khanna 2009 TaxPub(DT) 1111 (MP-HC)
Followed on Saidarshan Business Centres (P) Ltd. v. ITO 2008 TaxPub(DT) 2005 (Mum-Trib)
Relied on CIT V. S. Kumar Tyres Mfg. Company 2008 TaxPub(DT) 1872 (MP-HC)
Distinguished CIT v. Roxy Industrial Corporation 2008 TaxPub(DT) 0225 (P&H-HC)
Relied CIT v. Chaltan Vibhag Udyog Khand Sahakari Mandli Ltd. 2006 TaxPub(DT) 0672 (Guj-HC)
Relied CIT v. Gujarat State Export Corpn. Ltd. 2005 TaxPub(DT) 1709 (Guj-HC)
Relied CIT v. Wajid Sons (P) Ltd. 2005 TaxPub(DT) 0983 (All-HC)
Relied State Bank of Bikaner & Jaipur v. CIT & Anr. 2005 TaxPub(DT) 0352 (Raj-HC)
Relied Income Tax Settlement Commission & Ors. v. Netai Chandra Rarhi & Co. & Ors. 2004 TaxPub(DT) 1874 (Cal-HC)
Applied Jagatdal Jute & Industries Ltd. v. CIT & Anr. 2004 TaxPub(DT) 1288 (Cal-HC)
Applied CIT v. Udaipur Distillery Co. Ltd. 2004 TaxPub(DT) 0637 (Raj-HC)
Applied CIT v. Udaipur Distillery Co. Ltd. 2004 TaxPub(DT) 0601 (Raj-HC)
Followed CIT v. Krishak Bharti Co-Operative Ltd. 2004 TaxPub(DT) 0321 (Del-HC)
Relied Vijay Mallya v. Assistant CIT 2003 TaxPub(DT) 1290 (Cal-HC)
Applied Netai Chandra Rarhi & Co. & Ors. v. Income Tax Settlement Commission & Ors. 2003 TaxPub(DT) 1244 (Cal-HC)
Relied D.S. Srinivas v. Income Tax Officer & Anr. 2003 TaxPub(DT) 1153 (Karn-HC)
Applied CIT v. Bhagwati Developers (P) Ltd. 2003 TaxPub(DT) 1037 (Cal-HC)
Relied on CIT v. Investment Trust of India Ltd. 2003 TaxPub(DT) 0733 (Mad-HC)
Applied Seth Madan Lal Modi v. CIT 2003 TaxPub(DT) 0722 (Del-HC)
Relied Upasana Hospital & Nursing Home v. CIT 2002 TaxPub(DT) 0918 (Ker-HC)
Applied Karan & Co. v. Income Tax Appellate Tribunal 2002 TaxPub(DT) 0474 (Del-HC)
Relied CIT v. B.L. Murarka 2001 TaxPub(DT) 1348 (Raj-HC)
Relied I.T.C. Ltd. v. Inspecting Assistant Commissioner & Ors. 2001 TaxPub(DT) 1224 (Cal-HC)
Applied CIT v. Richa & Co. 2001 TaxPub(DT) 1148 (Del-HC)
Applied Bata India Ltd. v. Inspecting Assistant CIT & Ors. 2001 TaxPub(DT) 0921 (Cal-HC)
Applied Hotz Hotels (P) Ltd. v. CIT 2001 TaxPub(DT) 0692 (Del-HC)
Applied Smt. Baljeet Jolly v. CIT 2001 TaxPub(DT) 0537 (Del-HC)
Relied Diamond Glass Agencies v. CIT & Ors. 2001 TaxPub(DT) 0034 (Karn-HC)
Relied CIT v. B.L. Murarka 2001 TaxPub(DT) 0015 (Raj-HC)
Applied Commissioner of Wealth Tax v. A.M. Meyyammal 2000 TaxPub(DT) 1246 (Mad-HC)
Applied Asian Techs Ltd. v. CIT 2000 TaxPub(DT) 0999 (Ker-HC)
Relied CIT v. Masoneilan (India) Ltd. 2000 TaxPub(DT) 0960 (Ker-HC)
Applied Satishchandra & Co. v. CIT 1998 TaxPub(DT) 1388 (Karn-HC)
Relied Ms. Deeksha Suri & Ors. v. Income Tax Appellate Tribunal 1998 TaxPub(DT) 0955 (Del-HC)
Applied CIT v. Eurasia Publishing House (P) Ltd. 1998 TaxPub(DT) 0944 (Del-HC)
Relied CIT v. Kesaria Tea Co. Ltd. 1998 TaxPub(DT) 0682 (Ker-HC)
Relied M.V.S. Sastry v. CIT 1998 TaxPub(DT) 0398 (Mad-HC)
Relied CIT v. Trichy Distilleries & Chemicals Ltd. 1998 TaxPub(DT) 0288 (Mad-HC)
Applied Satishchandra & Co. v. CIT 1998 TaxPub(DT) 0018 (Karn-HC)
Applied CIT v. Motor & General Finance Ltd. 1997 TaxPub(DT) 1097 (Del-HC)
Relied CIT v. Vardhman Spinning 1997 TaxPub(DT) 1000 (P&H-HC)
Applied Chagan Mal Bastimal v. CIT 1997 TaxPub(DT) 0417 (Raj-HC)
Relied on CIT v. Pearl Woollen Mills 1996 TaxPub(DT) 1197 (P&H-HC)
Followed Bhura Mal Raj Mal v. CIT 1996 TaxPub(DT) 1063 (Raj-HC)
Relied CIT v. Rajesh Talkies 1996 TaxPub(DT) 0916 (P&H-HC)
Followed Prakash Chand Nahta v. CIT 1996 TaxPub(DT) 0822 (MP-HC)
Distinguished Associated Stones Industries v. CIT 1996 TaxPub(DT) 0202 (Raj-HC)
Applied Kaira District Co-Operative Milk Producers Union Ltd. v. Assistant CIT 1995 TaxPub(DT) 1337 (Guj-HC)
Applied CIT v. Smt. Maddi Seetha Devi 1995 TaxPub(DT) 1086 (AP-HC)
Followed Gammon India Ltd. v. CIT 1995 TaxPub(DT) 0792 (Bom-HC)
Followed Coates of India Ltd. v. Deputy CIT & Ors 1995 TaxPub(DT) 0542 (Cal-HC)
Followed Life Bond Fabrics Pvt. Ltd. v. CIT 1995 TaxPub(DT) 0194 (Guj-HC)
Applied Birla Cotton Spinning & Weaving Mills Ltd. v. Income Tax Officer & Ors. 1995 TaxPub(DT) 0171 (Cal-HC)
Applied CIT v. Hussainbhai M. Badri 1994 TaxPub(DT) 0468 (Guj-HC)
Distinguished Controller of Estate Duty v. Madhusudan Das Malpani 1994 TaxPub(DT) 0402 (MP-HC)
Relied CIT & Anr. v. Income Tax Appellate Tribunal & Anr 1994 TaxPub(DT) 0263 (AP-HC)
Followed CIT v. Mechanical Movement (P) Ltd. 1994 TaxPub(DT) 0059 (Del-Trib)
Followed CIT v. Moti Sagar Kapoor 1993 TaxPub(DT) 0822 (Del-HC)
Relied CIT v. M.K.S. Shivrajsinhji 1993 TaxPub(DT) 0344 (Guj-HC)
Applied Motor & General Finance Ltd. v. CIT 1992 TaxPub(DT) 1399 (Del-HC)
Applied CIT v. Delhi Cloth & General Mills Co. Ltd. 1992 TaxPub(DT) 1151 (Del-HC)
Distinguished CIT v. M.M. Khambhatwala 1992 TaxPub(DT) 0902 (Guj-HC)
Relied CIT v. Income Tax Appellate Tribunal & Anr. 1992 TaxPub(DT) 0888 (Ori-HC)
Followed Parle Products (P) Ltd. v. CIT 1991 TaxPub(DT) 1235 (Bom-HC)
Relied CIT v. T.N. Viswanatha Reddy 1991 TaxPub(DT) 1225 (AP-HC)
Relied CIT v. Nawab Mir Barkat Ali Khan 1991 TaxPub(DT) 0730 (SC)
Distinguished Smt. Radha Gajapathi Raju v. CIT 1991 TaxPub(DT) 0501 (Mad-HC)
Followed CIT v. Indian Steel and Wire Products Ltd. 1991 TaxPub(DT) 0087 (Cal-HC)
Applied Dr. (Mrs.) Beena Rahul Mishra v. V.K. Shrivastava, CIT & Ors. 1990 TaxPub(DT) 1084 (Bom-HC)
Applied Controller of Estate Duty v. Haribux Poddar (Decd.) 1990 TaxPub(DT) 0857 (Pat-HC)
Applied Sagar Co-Operative Central Bank Ltd. v. CIT 1990 TaxPub(DT) 0732 (MP-HC)
Applied CIT v. K. Subnani Construction Co. 1989 TaxPub(DT) 0643 (Bom-HC)
Applied Adarsha Dugdhalaya Private Ltd. & Anr. v. P.S. Devrajan, Income Tax Officer 1987 TaxPub(DT) 0974 (Bom-HC)
Applied Adarsha Dugdhalaya (P) Ltd. & Anr. v. P.S. Devrajan, Income Tax Officer 1987 TaxPub(DT) 0973 (Bom-HC)
Distinguished CIT v. Sandeep Bipinchandra 1987 TaxPub(DT) 0313 (Guj-HC)
Relied Commissioner of Wealth Tax v. Smt. Kamala Devi Bangur 1987 TaxPub(DT) 0299 (Raj-HC)
Applied Rajasthan Financial Corporation v. CIT 1987 TaxPub(DT) 0135 (Raj-HC)
Followed Commissioner of Wealth Tax v. Smt. Rajkumari Bangur 1986 TaxPub(DT) 0820 (Raj-HC)
Followed CIT v. Calcutta Steel Co. Ltd. 1985 TaxPub(DT) 1023 (Cal-HC)
Relied Clan Line Steamers Ltd. v. Income Tax Officer & Ors. 1985 TaxPub(DT) 0977 (Cal-HC)
Relied Maya Ram Jia Lal v. CIT 1985 TaxPub(DT) 0407 (P&H-HC)
Followed Jaipur Udyog Ltd. v. Income Tax Officer 1985 TaxPub(DT) 0160 (Raj-HC)
Applied Baldevji v. CIT 1985 TaxPub(DT) 0129 (Mad-HC)
Followed CIT v. Jagannath Narayan Kutumbik Trust 1983 TaxPub(DT) 0568 (MP-HC)
Relied Kaluram v. CIT 1983 TaxPub(DT) 0474 (MP-HC)
Relied Stadmed (P) Ltd. v. CIT 1983 TaxPub(DT) 0308 (Cal-HC)
Distinguished Omega Sports & Radio Works v. CIT 1982 TaxPub(DT) 0896 (All-HC)
Relied Additional CIT v. Distillers Trading Corporation Ltd. 1982 TaxPub(DT) 0733 (Del-HC)
Followed Mozufferpore Electric Supply Co. Ltd. v. Income Tax Officer 1982 TaxPub(DT) 0289 (Cal-HC)
Applied Commissioner of Wealth Tax v. Bhausaheb Balasaheb Kadam 1981 TaxPub(DT) 0822 (Guj-HC)
Applied CIT v. Vac Met Corporation (P) Ltd. 1981 TaxPub(DT) 0806 (Guj-HC)
Relied CIT v. Pushpavati Kantilal 1981 TaxPub(DT) 0791 (Guj-HC)
Applied Smt. Lilavatiben Harjivandas Kotecha v. Income Tax Officer & Anr. 1980 TaxPub(DT) 0544 (Guj-HC)
Followed Jeewanlal (1929) Ltd. v. Income Tax Officer & Anr. 1979 TaxPub(DT) 0340 (Cal-HC)
Followed Raja Hari Chand Raj Singh v. CIT 1978 TaxPub(DT) 0955 (All-HC)
Applied Income Tax Officer & Ors. v. Eastern Scales (P) Ltd. 1978 TaxPub(DT) 0942 (Cal-HC)
Applied Hindustan Malleables & Forgings Ltd. v. Income Tax Officer & Anr. 1978 TaxPub(DT) 0363 (Pat-HC)
Applied Nilgiris Potato Growers Co-Operative Marketing Society Ltd. v. CIT 1978 TaxPub(DT) 0326 (Mad-HC)
Followed CIT v. Tata Engineering and Locomotive Co. Ltd. 1977 TaxPub(DT) 0724 (Bom-HC)
Followed Additional CIT v. P.R.N.S. & Co. 1977 TaxPub(DT) 0629 (AP-HC)
Applied CIT v. Moolchand Naraindas 1977 TaxPub(DT) 0617 (Karn-HC)
Followed Jiyajeerao Cotton Mills Ltd. v. Income Tax Officer & Ors. 1977 TaxPub(DT) 0487 (Cal-HC)
Relied CIT v. New Central Jute Mills Co. Ltd. 1976 TaxPub(DT) 0335 (Cal-HC)
Applied J.M. Shah v. J.M. Bhatia, Appellate Assistant Commissioner of Wealth Tax & Ors. 1974 TaxPub(DT) 0351 (Bom-HC)
Applied CIT v. Premraj Ganpatraj & Co. 1974 TaxPub(DT) 0286 (Guj-HC)
Relied Aloo Investment Co. (P) Ltd. v. Union of India & Anr. 1973 TaxPub(DT) 0335 (Bom-HC)
Relied Income Tax Officer & Anr. v. India Foils Ltd. 1973 TaxPub(DT) 0195 (Cal-HC)
Relied Abdul Rahim Haji Jacob Sait v. CIT 1973 TaxPub(DT) 0130 (Ker-HC)
Affirmed on Volkart Bros. & Ors. v. Income Tax Officer 1967 TaxPub(DT) 0290 (Bom-HC)
Impliedly approved on Sidhramappa Andanappa Manvi v. CIT 1952 TaxPub(DT) 0028 (Bom-HC)
 
The Tax PublishersCivil Appeal No. 1170 of 1968
1971 TaxPub(DT) 0355 (SC) : (1971) 082 ITR 0050

T. Section Balaram, Income-Tax Officer, Company Circle IV, v. Volkart Brothers and Others.

Civil Appeal No. 1170 of 1968 (Appeal from the judgment and order dated February 3 and 6, 1967, of the Bombay High Court in Miscellaneous Petition No. 104 of 1965),

SUBSCRIBE TaxPublishers.inSUBSCRIBE FOR FULL CONTENT

TaxPublishers.in

'Kedarnath', 7, Avadh Vihar, Near Nirali Dhani,

Chopasni Road

Jodhpur - 342 008 (Rajasthan) INDIA

Phones : 9785602619 (11 am - 5 pm)

E-Mail : mail@taxpublishers.in / mail.taxpublishers@gmail.com