CiteTEXT
...applying the decision in the case of Gee Vee Enterprises, [1975] 99 ITR 375 (Delhi) and the assumption or allegation made in the notice...case is covered by the decision of the Delhi High Court in Gee Vee Enterprises, [1975] 99 ITR 375, on the face of the further information...capital of the assessee-company. Relying on the case of Gee Vee Enterprise…Petitioner v. Additional Commissioner Of Income Tax...
...); Gee Vee Enterprises v. Addl. CIT [1975] 99 ITR 375 (Delhi) ; CIT v. Kohinoor Tobacco Products P. Ltd...
...Revenue in view of the following decisions : --
1. Gee Vee Enterprises v. Addl. CIT [1975] 99 ITR 375 (Delhi...
...).
……..Applicant
Vs.
1. M/s Gee Vee Enterprises, 192, Focal Point, Mehta Road, Amritsar, (Punjab) through its partners.
2.... Jatinder Uppal, Partner M/s Gee Vee Enterprises, 192, Focal Point, Mehta Road, Amritsar, (Punjab).
3. Kamal Uppal Partner M/s Gee Vee Enterprises, 192, Focal Point, Mehta Roa...application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of Rs.1,23,17,839.50/- with interest against M/s Gee Vee Enterprises and others (defendants...
...has been passed on merits.12. Delhi High Court in Gee Vee Enterprises v. Additional Commission of Income-Tax, Delhi-I...
...Section 263 are not applicable to the facts of the assessee's case ? The cases are :
1. Gee Vee Enterprises v. Addl...
...Vee Enterprise…Petitioner v. Additional Commissioner Of Income Tax…, [1975] 99 ITR 375 (Del) and thence finally to the decision of the Full Bench of this Court in Sophia Finance.9. In Gee Vee ...as the Income Tax Appellate Tribunal (ITAT for short) adverse to the Revenue. Succinctly stated, in January, 1984 the Assessee had commenced its business of extending finance to industrial enterprises...its implications had not been analyzed in the former Order. Therefore, for a detailed discussion on Section 68 one should first turn to Gee...
...this court in Gee Vee Enterprises, [1975] 99 ITR 375. But, the least that was expected was to record a finding that the order sought to be...the case of Gee Vee Enterprise…Petitioner v. Additional Commissioner Of Income Tax...
...Rs. 65,000/. Some of the directors and the shareholders of the company along with some others also entered into a partnership called Gee Vee Enterprises and got it registered with the Registrar of...whole.The facts necessary to understand the petitions are as follows. Gee Vee Construction Company Private Limited was incorporated on July 25, 1969 with the object of...
...of Gee Vee Enterprises (supra), this Court did not say that the aforesaid conditions precedent need not be fulfilled.6. In the present case, we have perused the order passed by the.... Prem Lata Bansal, learned counsel for revenue relied upon certain observations made by this Court in Gee Vee Enterprise…Petitioner v...
...examined. In the case of Gee Vee Enterprises vs. Addl. CIT 1975 CTR (Del) 61 : (1975) 99 ITR 375 (Del), the..., requirement of transfer of rights to the foreign party was not examined by the AO. Reliance was placed upon Gee Vee Enterprises vs. Addl...import and is not confined to mere loss of tax.9. In Gee Vee Enterprises (supra) failure on the part of the AO to conduct inquiry it was held, makes the order of the AO erroneous. This...
...order has been passed on merits.12. Delhi High Court in Gee Vee Enterprises v. Additional Commission of Income-Tax...
...Gee Vee Enterprises v. Addl. CIT and Ors. to contend that it is the duty of the ITO, who is not only an adjudicator but also an investigator, to ascertain the t...understand Gee Vee Enterprises (supra) to mean that that even when the AO is satisfied with the explanation given by the assessed, he must make a further investigation so as to unearth something against the...
...) can be of little assistance to the assessee.8. In view of the ratio of the decision of this court in the case of Gee Vee Enterprise…Petitioner v. Additional Commissioner Of Income Tax…, [1975] 99 ITR 375, and the decisions of the Supreme Court which were relied upon in Gee Vee Enterprises case...
...Delhi High Court in the case of Gee Vee Enterprises (supra), Shri Sapra submitted that this is misapplied by the learned Commissioner of Income-tax in the case of the assessee being out of context. He...the help of ratio in the case of Gee Vee Enterprises (supra) just to support his view that there was lack of enquiry or a hurried assessment was made. Shri Sapra relying on Supreme Court judgment in...Gee Vee Enterprises’ case (supra) in a subsequent judgment in the case of Addl. CIT v. Achal Kumar Jain [1983] 142 ITR 606...
...for in the circumstances of the case, that is, proceeds with ‘undue haste’. [See Gee Vee Enterprises v. ACIT, Delhi-I & Ors...
...decision in the case of Gee Vee Enterprises v. Addl. CIT [1975] 99 ITR 375, and
5. ITAT, Bombay Bench A decision in the...erron0eous and prejudicial to the interests of the Revenue.
7. The Delhi High Court in the case of Gee Vee Enterprises (supra) held that the Commissioner can regard the order as...
...Gee Vee Enterprises v. Addl. CIT (1975) 99 ITR 375 (Del.). There is no discussion in the order of the CIT as to how and in what manner the enquiry was...
...legally correct in supeimposing its observations over the observations of the CIT which were strictly in keeping with the law laid down by the Delhi High Court in Gee Vee Enterprises, 99-375 ITR...?18. Whether the order of the ITAT was not perverse in law and contrary to law laid down by jurisdictional High Court in the case of Gee Vee Enterprises (99 ITR 375)?19...laid down by the Delhi High Court in the case of Gee Vee Enterprises (99 ITR 375)?”2. The respondent assessee, a Private Limited Company, derived income from business of...
...Gee Vee Enterprises v. Additional CIT; 99 ITR 375 (Del) further support the case of the revenue. 6. Without...