SUPREME COURT OF INDIA
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SPECIAL LEAVE TO APPEAL (C) NOS. 22566 & 22567 OF 2016
I.A. NOS. 1-2/2016 (WITH OR DELAY IN FILING SLP)
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Rajmandir Estates (P.) Ltd..............................................................Appellant.
v.
Principal Commissioner of Income-tax, Kolkata-III.......................Respondent |
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KURIAN JOSEPH AND A.M. KHANWILKAR, JJ.
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| Date :JANUARY 9, 2017 |
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| Appearances |
Ajay Vohra, Sr. Adv., Kamal Sawhney, Aniket D. Agarwal, Shekhar Garg and Ms. Pooja Dhar, Advs. for the Petitioner.
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Section 68 read with section 263 of the Income Tax Act, 1961 — Cash credit — SLP dismissed against High Court's ruling that where assessee with a small amount of authorised share capital, raised huge sum on account of premium, exercise of revisionary powers by Commissioner opining that this could be a case of money laundering was justified — Rajmandir Estates P. Ltd. vs. Principal Commissioner of Income Tax.
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ORDER
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1. Delay condoned.
2. We find no reason to entertain these special leave petitions, which are, accordingly, dismissed.
3. Pending application(s), if any, shall stand disposed of.
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[2017] 245 TAXMAN 127 (SC) |
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