Raymond Woolen Mills Ltd Vs Ito

  • Raymond Woollen Mills Ltd. vs Income-Tax Officer And Ors

    Raymond Woollen Mills Ltd. vs Income-Tax Officer And Ors. on 17 December, 1997. Equivalent citations: (1999) 236 CTR SC 34, 1999 236 ITR 34 SC. Bench: S Sen, S S Quadri. JUDGMENT 1. The challenge in this case is to the reopening of the assessment of Raymond Woollen Mills Ltd. We have been shown the recorded reasons for reopening under SectionRaymond Woollen Mills Ltd. vs Income-Tax Officer And,Raymond Woollen Mills Ltd. vs Income-Tax Officer And Others on 17 August, 1991. Equivalent citations: 1992 (1) BomCR 210, 1994 207 ITR 929 Bom Shri Dastur further placed reliance on the observations of the Gujarat High Court in the case of Commercial Ahmedabad Mills Co. Ltd. v. ITO [1983] 144 ITR 839. However,

  • USHA AGARWAL, AGRA v. ITO 4(4), AGRA Income Tax

    Raymond Woolen Mills Ltd. vs. ITO, rendered by the Honble Supreme . I.T.A No. 167/Agra/2018 Court, as referred to by the ld. CIT(A) in para 5.3 of the order under appeal, is not at all concerned with the issue at hand and, as such, it is of no help to the Department. 26.A Deep Dive into NDTV's Reassessment Saga. Taxsutra,May 21, 2020· Further, in Raymond Woollen Mills Ltd. v. ITO, the Supreme Court has explained the role of Courts when an assessee challenges the validity of Re-opening.

  • Section 254(2)- Tribunal cannot review its own order: ITAT

    Jul 30, 2020· ITO Vs Shri Khaliq Ahmed (ITAT Lucknow) assessee had escaped assessment and Learned D. R. stated that the case law of Hon’ble Supreme Court in the case of Raymond Woolen Mills Ltd. was in favour of the Revenue. 3. Learned A.R. on the other hand contended that this cannot be regarded to be a mistake apparent from the record.Reopening u/s 147/148 upheld for interest income not taxed,Raymond Woolen Mills Ltd. Vs. ITO’ (1999) 236 ITR 34 (SC) Anand Prakash Agrawal vs. CIT’ 121 DTR 227 CIT vs. United Racing & Blood Stock Breeders Pvt. Ltd. 131 DTR 344 In the instant case, the Assessing Officer (AO) had framed original assessment u/s 143 (3) by estimating profit rate after rejecting books of account.

  • Powers of AO to reopen assessment u/s 148 are not un

    Jun 18, 2020· Raymond Woolen Mills Ltd. Vs. ITO (1999) 236 ITR 34 (S.C.) CIT Vs. Kelvinator of India Ltd (2010) 320 ITR 561 (SC) M.J. Pharmaceuticals Ltd Vs. CIT (2008) 297 ITR 119 (Bom) Denish Industries Ltd. Vs. ITO 2004 (271) ITR 340 (Guj HC) SIL Investments Ltd Vs. DCIT 2011, 9 Taxmann 143 (Delhi HC) CIT Vs. Aashni Leasing & Finance Limited 2010 TIOLMurlibhai Fatandas Sawlani vs Income Tax Officer on 19,Selected Dalurband Coal Co. Pvt. Ltd. [1996 (217) ITR 597 (SC)] ; Raymond Woollen Mills Ltd. v. ITO [ 1999 (236) ITR 34 (SC)]. 17. The scope and effect of section 147 as substituted with effect from April 1, 1989, as also sections 148 to 152 are substantially different from the provisions as they stood prior to such substitution.

  • Agrico Fincap Ltd., New Delhi vs Ito, Ward-5(3), New Delhi

    - Home Finders Housing Ltd. vs. ITO, Corporate Wards 2(3) (2018) 94 taxmann 84 (SC) dated 18.5.2018. Yogendrakumar Gupta vs. ITO 51 taxmann 383 Raymond Woolen Mills Ltd. vs. ITO and others 236 ITR 34. 5. I have heard both the parties and perused the records especially the orders of the authorities below.High-pitched assessments u/s. 147/143(3) of the Income-tax,Dec 14, 2009· Of course, the sufficiency of the material can not be challenged for taking action u/s. 147/148 and, therefore, to some extent, the formation of belief of the AO is within the realm of subjective satisfaction [(ITO vs. Selected Daluband Coal Co. (P) Ltd. (1996) 217 ITR 597 (SC); Raymond Woolen Mills Ltd. vs. ITO (1999) 236 ITR 34 (SC)].

  • Trs Woolen Mills Pvt. Ltd. v. Ito Income Tax Appellate

    Get free access to the complete judgment in Trs Woolen Mills Pvt. Ltd. v. Ito on CaseMine.USHA AGARWAL, AGRA v. ITO 4(4), AGRA Income Tax,Raymond Woolen Mills Ltd. vs. ITO, rendered by the Honble Supreme . I.T.A No. 167/Agra/2018 Court, as referred to by the ld. CIT(A) in para 5.3 of the order under appeal, is not at all concerned with the issue at hand and, as such, it is of no help to the Department. 26.

  • raymond woollen mills ltd off

    Raymond Woollen Mills Ltd v Union Of India Bombay High . Raymond Woollen Mills Ltd v Union Of India 1 By this Petition, the Petitioners are challenging the orders passed on 1631984 and 2771988 by the Assistant Collector of Central Excise, Thane, partly rejecting the petitioners' claim in respect of the abatement of certain items of expenditure on the ground that they are A Deep Dive into NDTV's Reassessment Saga. Taxsutra,May 21, 2020· Further, in Raymond Woollen Mills Ltd. v. ITO, the Supreme Court has explained the role of Courts when an assessee challenges the validity of Re-opening. The Court has held that the Court has only to see whether there was prima facie any material with the Assessing officer on the basis of which the Assessing Officer could have arrived at the

  • Smt. Usha Agarwal Vs ITO (ITAT Agra) taxguru.in

    ‘Raymond Woolen Mills Ltd. vs. ITO’, rendered by the Hon’ble Supreme Court, as referred to by the ld. CIT(A) in para 5.3 of the order under appeal, is not at all concerned with the issue at hand and, as such, it is of no help to the Department. 26.Issues in Respect of Reopening of Assessment,Aug 10, 2020· In the landmark decision of Raymond Woolen Mills Ltd. vs. ITO [1999]236 ITR 34, the Supreme Court held that: ‘We have only to see whether there was prima facie some material on the basis of which the Department could reopen the case. The sufficiency or correctness of the material is not a thing to be considered at this stage.’

  • Assessment Reassessment

    Saran & Sons P. Ltd V. ITO (1981) 130 ITR 1(SC) In determining whether commencement of reassessment proceedings was valid it has only to be seen whether there was prima facie some material on the basis of which the department could reopen the case. Raymond Woolen Mills Ltd v. ITO (1999) 236 ITR 34 (SC) 12M/s. Ivan Infotech Pvt. Ltd., New Delhi v. DCIT, New Delhi,Aug 31, 2016· The Ld. Counsel pressing into service various decisions and repositions in decision of Hon'ble Supreme Court in the case of Raymond Woolen Mills Ltd Vs. ITO 236 ITR 34 (SC) submitted that there should be only reasonable belief that income had escaped assessment and sufficiency of the material cannot be considered at the initial stage and the

  • Trs Woolen Mills Pvt. Ltd. v. Ito Income Tax Appellate

    Get free access to the complete judgment in Trs Woolen Mills Pvt. Ltd. v. Ito on CaseMine.Raymond Woolen Mills Ltd v. Union Of India CESTAT,Get free access to the complete judgment in Raymond Woolen Mills Ltd v. Union Of India on CaseMine.

  • raymond woollen mills ltd off

    Raymond Woollen Mills Ltd v Union Of India Bombay High . Raymond Woollen Mills Ltd v Union Of India 1 By this Petition, the Petitioners are challenging the orders passed on 1631984 and 2771988 by the Assistant Collector of Central Excise, Thane, partly rejecting the petitioners' claim in respect of the abatement of certain items of expenditure on the ground that they are raymond woolen mills ltd VHB Marine,Raymond Woollen Mills Ltd. vs Income-Tax Officer And . The challenge in this case is to the reopening of the assessment of Raymond Woollen Mills Ltd. We have been shown the recorded reasons for reopening under Section 147(a). The case of the Revenue was that the assessee was charging to its profit and loss account, fiscal duties paid during the

  • Assessment Reassessment

    Saran & Sons P. Ltd V. ITO (1981) 130 ITR 1(SC) In determining whether commencement of reassessment proceedings was valid it has only to be seen whether there was prima facie some material on the basis of which the department could reopen the case. Raymond Woolen Mills Ltd v. ITO (1999) 236 ITR 34 (SC) 12CBDT instructions on seizure of jewellery and ornaments,4.3.5 Further reliance in this regard is placed on the decisions in the cases of ITO v Selected Dalurband Coal Co. P. Ltd (1996) 217 ITR 597 (SC) and Raymond Woollen Mills Ltd. v ITO (1999) 236 ITR 34 (SC) where the ratio laid down is clearly applicable on

  • SHRAMIK UTTARSH SABHA versus RAYMOND WOOLEN MILLS LTD

    SHRAMIK UTTARSH SABHA versus RAYMOND WOOLEN MILLS LTD. & ORS . Supreme Court Cases. 1995 AIR 1137 1995 SCC (3) 78 JT 1995 (2) 284 1995 SCALE (1)533Precilion Holdings Limited v. DCIT( 2019) 412 ITR 43/262,Ration in decision in Raymond Woollen Mills Ltd v ITO (1999) 236 ITR 34(SC) is explained and decisions of Bombay High Court in Rabo India Finance Ltd v .Dy CIT ( 2013) 356 ITR 200 (Bom) (HC), Multiscreen Media Pvt Ltd v. UOI( 2010) 324 ITR 54 (Bom) (HC), Sociedade De Formento Industrial P Ltd v.

  • Swastic Safe Deposit and Investment Ltd. v. ACIT ( 2019

    (Distinguished, ACIT v Rajesh Jhaveri Stock Brokers (P) Ltd ( 2007) 291 ITR 500 (SC),Raymond Woollen Mills Ltd v .ITO (1999) 236 ITR 34 ( SC) followed Prashant S. Joshi v ITO ( 2010) 324 ITR 154 ( Bom) (HC), Inductotherm (India) ( P) Ltd v M.Gopaln Dy.CIT ( 2013)Arun Kumar Goyal v. ITO 2011-LL-1117-8 Lexlegis,ITO: Court: ITAT-Chandigarh: Relevant Act: Income-tax: Date of Order: 17/11/2011 : Judgment: View Judgment: Keyword Tags: income escaping assessment • income from house property • re-opening of assessment • income chargeable to tax • corroborative evidence • rebuttable presumption • undisclosed investment • unexplained investment

  • Raymond Ltd Wikipedia

    Raymond Ltd (BSE: 500330,NSE: RAYMOND) is largest integrated manufacturer of fabric in the world based in Mumbai, Maharashtra. It has over 60% market share in suiting in India. It is also India's biggest woolen fabric maker. Textile division of the company has a distribution network of more than 4,000 multi-brand outlets and over 637 exclusive retail shops in the domestic State Bank of India v. ACIT (2019) 175 DTR 335/103 taxmann,The reopening was therefore to be quashed. ( Referred Dr.Amin’s Pathology Laboratory ( 2001) 252 ITR 673 ( Bom) (HC) Raymond Woollen Mills Ltd v ITO (1999) 236 ITR 34 (SC) ( WP no . 3588 of 2018 dt. 17-01 -2019) (AY. 2011-12) ‹

  • raymond woollen mills chhindwara limited

    raymond woollen mills ltd. The Raymond Woollen Mills Ltd., was registered in Kenya for manufacturing . at its major textile plant at Chhindwara, slackness in demand and consequently Get Price. Chhindwara district Wikipedia, the free encyclopedia. Raymond Group The Raymond Chhindwara plant, set up in 1991, is a Built on 100 acres (0.40 km2) of land,Shri Jagat Singh, (v) Harola, Sector-5, Noida. vs. The,Aravali Infrapower Ltd., vs. DCIT 2017-TIOL-42-SCIT. Aravali Infrapower Ltd., vs. DCIT 2017 390 ITR 456 (Del.) (HC). Yogendrakumar Gupta vs. ITO (2014) 227 Taxman 374 (SC). Raymond Woollen Mills Ltd., vs. ITO & Others 236 ITR 34 (SC) CIT vs. GANDG Pharma India Ltd., 384 ITR 147 CIT vs. Meenakshi Overseas Pvt. Ltd., 395 ITR 677 CIT vs. RMG