28 December 2017
SHELL, DORMANT AND DEFUNCT COMPANY SHELL COMPANIES What are shell companies? The Companies Act, 2013 has not defined what a ‘shell company’ is and as to what kind of activities would lead to a company being termed a ‘shell’. Shell companies are typically corporate entities which do not have any active business operations or significant assets in their possession. The government views them with suspicion as some of them could be used for money laundering, tax evasion and other illegal activities....
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5 December 2017
INCOME TAX APPELLATE TRIBUNAL – INDORE RAJSHREE FINSEC PRIVATE LTD., ... VS ASSESSEE IN THE INCOME TAX APPELLATE TRIBUNAL, INDORE BENCH, INDORE BEFORE SHRI JOGINDER SINGH, JUDICIAL MEMBER AND SHRI R.C. SHARMA, ACCOUNTANT MEMBER ITA No.545/Ind/2010 AY: 2007-08 M/s Rajshree Finsec Private Limited Indore PAN -AACCR-2644G .....Assessee V/s. Asstt.Commissioner of Income Tax 5(1), Indore .....Respondent Assessee by : Shri S.N. Agrawal Respondent by : Shri Arun Dewan Date of hearing 11.01.2012 Pronounc...
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5 December 2017
INCOME TAX APPELLATE TRIBUNAL – DELHI PIONEER BUILDWELL (P) LTD., NEW ... VS ASSESSEE ITA NO.6070/Del/2013 IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH "F", NEW DELHI BEFORE SHRI N.K. SAINI, ACCOUNTANT MEMBER AND SHRI H.S. SIDHU, JUDICIAL MEMBER I.T.A. No. 6070/DEL/2013 A.Y. : 2002-03 M/S PIONEER BUILDWELL (P)LTD., 212, JAINA TOWER-I, DISTRICT CENTRE, JANAKPURI, NEW DELHI - 110008 (PAN: AACCP3217F)(APPELLANT) VS. INCOME TAX OFFICER, WARD 14(2), NEW DELHI (RESPONDENT) Assessee by : Sh. Sanjee...
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5 December 2017
IN THE HIGH COURT OF BOMBAY AT GOA PR. CIT, PANAJI VS M/S PARADISE INLAND SHIPPING PVT. LTD. TAX APPEAL NO. 66 OF 2016 THE PRINCIPAL COMMISSIONER OF INCOME TAX, PANAJI., ... Appellant V e r s u s M/S. PARADISE INLAND SHIPPING PVT. LTD., ... Respondent Ms. Susan Linhares, Junior Standing Counsel for the Appellant. Mr. Jitendra Jain, Mr. Jitendra Supekar and Ms. Janaki Garde, Advocates for the Respondents. Coram :- F. M. REIS, NUTAN D. SARDESSAI, JJ. Date : 10 th April, 2017 ORAL ORDER (Per F. M....
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5 December 2017
IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION CIT VS M/S ORCHID INDUSTRIES PVT. LTD. INCOME TAX APPEAL NO. 1433 OF 2014 The Commissioner of Income Tax8 … Appellant V/s. M/s. Orchid Industries Pvt. Ltd. … Respondent • Mr.Arvind Pinto for the Appellant. • Dr.K. Shivram, Senior Counse, a/w. Ms.Neelam C. Jadhav for the Respondent. CORAM : S.V. GANGAPURWALA AND A.M. BADAR, JJ. DATE : 5th JULY, 2017. PER COURT : 1) The Revenue has filed the appeal on following question...
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5 December 2017
IN THE HIGH COURT OF DELHI AT NEW DELHI PR. CIT VS LAXMAN INDUSTRIAL RESOURCES LTD. ITA 169/2017, C.M. APPL.7385/2017 PR. COMMISSIONER OF INCOME TAX-5 ..... Appellant Through: Sh. Rahul Chaudhary, Sr. Standing Counsel with Ms. Lakshmi Gurung, Advocate, for appellant. Versus LAXMAN INDUSTRIAL RESOURCES LTD. ..... Respondent Through : Ms. Monika Ghai and Ms. Shayamlima Borha, Advocate CORAM: HON'BLE MR. JUSTICE S. RAVINDRA BHAT HON'BLE MR. JUSTICE NAJMI WAZIRI O R D E R 14.03.2017 The Income Tax A...
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5 December 2017
IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION CIT VS M/S. GAGANDEEP INFRASTRUCTURE PVT. LTD. INCOME TAX APPEAL NO.1613 OF 2014 Commissioner of Income Tax1 ..Appellant Versus M/s. Gagandeep Infrastructure Pvt.Ltd. ..Respondent Mr. Suresh Kumar for the Appellant. Mr. Percy Pardiwala, Senior Counsel, a/w Atul Jasani for the Respondent. CORAM: M. S. SANKLECHA & A. K. MENON, JJ. DATE : 20th MARCH, 2017 P.C. 1. This Appeal under Section 260A of the Income Tax Act, 1961...
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