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...Commissioner Of Income Tax, Orissa v. Orissa Corporation (P) Ltd.., [1986] 159 ITR 78, wherein their Lordships have, taken the view that when the respondent has given the names and addresses of the alleged...
...Commissioner Of Income Tax, Orissa v. Orissa Corporation (P) Ltd.. [1986] 159 ITR 78 ; CIT v. Daulat Ram Rawatmull [1973] 87 ITR 349...Corporation [1986] 159 ITR 78. In the said decision the Supreme Court has observed that when the assessee furnishes names and addresses of the alleged creditors and the GIR numbers, the burden shifts...; Sarogi Credit Corporation v. CIT [1976] 103 ITR 344 (Patna) ; ITO v. Suresh Kalmadi [1988] 32 TTJ 300 (Pune...
...Finance Full Bench had not been drawn to the decision of the Supreme Court in C.I.T Orissa v. Orissa Corporation Pvt. Ltd., [1986] 159 ITR 78 (SC), which if cited..., Orissa v. Orissa Corporation (P) Ltd.., 159 ITR 78, the Hon'ble Court has held that when the assessee borrows the loan and if an assessee gives names and address of the creditors, who...Commissioner Of Income-Tax v. Stellar Investment Ltd., [1991] 192 ITR 287 (Delhi) which has been repeatedly relied upon in several subsequent decisions. In our opinion this ruli...
...Court in the case of Commissioner Of Income Tax, Orissa v. Orissa Corporation (P) Ltd.. [1986] 159 ITR 78 (headnote) : 'Held, that in this...worthiness of the creditors in the light of the judgment reported in Shankar Industries v. CIT [1978] 114 ITR 689 (Cal...); Gee Vee Enterprises v. Addl. CIT [1975] 99 ITR 375 (Delhi) ; CIT v. Kohinoor Tobacco Products P. Ltd...
..., (1986) 159 ITR 78 Shri J. Ramamurti, learned Senior Counsel appearing for the Revenue, has supported the majority view and has submitted...(1965) 57 ITR 532, AIR 1965 SC 1905...; Sreelekha Banerjee v. CIT (1963) 49 ITR 112, AIR 1964 SC...
...Commissioner Of Income Tax, Orissa v. Orissa Corporation (P) Ltd.., [1986] 159 ITR 78. It was a case in which the assessee has given names and addresses of...the alleged creditors.9. In the aforesaid decision of Orissa Corporation P. Ltd., [1986] 159 ITR 78 (SC), the three...Court, in Orissa Corporation P. Ltd., [1986] 159 ITR 78, the irresistible conclusion is that the conclusion of the Tribunal that the assessee had discharged his initial burden in respect of six companies...
...Commissioner Of Income Tax, Orissa v. Orissa Corporation (P) Ltd.., [1986] 159 ITR 78, has held that if the conclusion of the income-tax...Commissioner Of Income-Tax v. Lohaty Bros. (P.) Ltd., [1987] 164 ITR 730 held that where the Tribunal, on a review of the evidence that was on record, came to the conclusion...
..., (1986) 159 ITR 78 the Income Tax Officer did not accept the assessee's accounts showing cash credits which were shown to have been received by way of loa.... 74 to 76 and 78 to 82 of 2002 whereby the following questions have been answered by the High Court in favour of the assessees and against the Revenue:(a) Whether in...) . (1997) 11 SCC 198, (1999) 237 ITR 570 this Court while construing Section 69 of the Act observed that the intention of Parliament in enacting Section 69 was to confer a d...
...Commissioner Of Income Tax, Orissa v. Orissa Corporation (P) Ltd.. 159 ITR 78. Moreover, the position of the law is clear with the respect to.... Pradeep Gupta 303 ITR 95. It is further noticed that in all there are 19 share applicants out of whom 17 are the companies who exist on the record of Registrar of companies. All...Commissioner Of Income-Tax v. G.E Capital Services Ltd. 307 ITR 334 are relevant on this issue. It was held by Hon'ble...
...of Hon’ble Apex Court in Commissioner Of Income Tax, Orissa v. Orissa Corporation (P) Ltd.. [1986] 159 ITR 78 clearly applies to the...creditors before the Assessing Officer. He relied on a series of the decisions in Hindusthan Tea Trading Co. Ltd. v. CIT [2003] 263 ITR 2891 (Cal....), Commissioner Of Income-Tax v. Precision Finance Pvt. Ltd. [1994] 208 ITR 4652 (Cal...
...on Commissioner Of Income Tax, Orissa v. Orissa Corporation (P) Ltd..) ltd. [1986] 159 ITR 78 (SC) and the decision of the Supreme Court...ITR 77, was not applicable even when the Commissioner of Income-tax (Appeals) had telescoped the two additions in question in the quantum appeal ?
6. Whether, on the facts and in...[1979] 120 ITR 752 and Kantilal Manilal [1981] 130 ITR 411 ?
11. Whether, on the facts and...
..., 159 ITR 78 (SC). The learned representative of the department has strongly relied upon the order passed by the CIT(A) in question. In view of the argument advanced by the parties and perusing...this regard we also relied upon the law settled in Hon'ble Apex Court in the case of Orissa Corporation, 159 ITR 78 (SC). Other additions was made by the Assessing Officer on account...Orissa Corporation, 159 ITR 78 (SC), when these documents were submitted by the assessee then in the said circumstances the Assessing Officer should consider these document in...
...-connection we may also refer to Commissioner Of Income Tax, Orissa v. Orissa Corporation (P) Ltd.., 159 ITR 78, wherein it was...a question of fact as pointed out in Anjani Alankar Mandir v. Commissioner of Income-tax, 172 ITR 67. In this...
...affidavit of the creditor. The ratio of the decision of Honble Supreme Court in case of Orissa Corporation, 159 ITR 78 is squarely applicable on the facts of the present case wherein it is...lady was not produced but copy of her return under ITR-V was filed. Copy of bank statement of the lady was also produced along with confirmation of loan. The Assessing Officer noted that a cash...
...Corporation, 159 ITR 78, no addition can be made in the hands of the assessee as onus lay upon assessee was duly discharged. The Honble Rajasthan High Court in the case of Bhawani Oil...
...Commissioner Of Income Tax, Orissa v. Orissa Corporation (P) Ltd..) ltd., 159 ITR 78(S.C.), Hence in this case the Department has failed to pursue the inquiry to testify the...
...(Tribunal) which in turn relies on 1986 (159) ITR 78 (S.C.). No question of law has been raised in this case. Hence the Reference Application is rejected....
...case of CIT v. Orissa Corporation Pvt. Ltd., reported in (1986) 159 ITR 78 (SC), the assessee has discharged its burden and it is for the...
...) did not properly consider the findings of the assessing officer and he simply applied the ratio of the decisions relating to the Orissa Corporation Limited, 159 ITR 78. The Tribunal.... In this connection, Mr. Bhuy an has drawn our attention to a decision in CIT, Bombay v. Scindia Steam Navigation Co. Ltd., 42 ITR 589...K. Lakshinarayanan v. CIT, Madras, reported in 79 ITR 525.7. Mr. Bhattacharjee, on the other hand, contends that this question was raised before the CIT(A). Mr. Bhattacharjee...
...) Ltd.. [1986] 159 ITR 78 (SC). According to him, there is no referable question of law.
5. We find that the Tribunal dismissed the appeal of the Department and held as under...[1989] 176 ITR 503 (MP), and Commissioner Of Income Tax, Orissa v. Orissa Corporation (P...