LATEST DETAILS

SLP dismissed against high courts ruling that Miller payment of cane price in excess to SMT could not by ipso facto and/ or per se be said to be distribution of profits lending to formation of belief that income had escaped assessment

SUPREME COURT OF INDIA

 

SPECIAL LEAVE TO APPEAL (C) NOS. 1214, 1340, 1357, 1535 & 1720 OF 2016

 

Deputy Commissioner of Income-tax..............................................................Appellant.
v.
Shri Khedut Sahkari Khand Udyog Mandli Ltd. .............................................Respondent

 

KURIAN JOSEPH AND ROHINTON FALI NARIMAN, JJ.

 
Date :MARCH  18, 2016 
 
Appearances

Maninder Singh, ASG., Rupesh Kumar, Zoheb Hussain, Jitin Singhal, B.V. Balram Das and Mrs. Anil Katiyar, Advs. for the Petitioner. 
Manish J. Shah, D.N. Ray, Lokesh K. Choudhary and Mrs. Sumita Ray, Advs. for the Respondent.


Section 4 read with section 147 of the Income Tax Act, 1961 — Income — SLP dismissed against high courts ruling that Miller payment of cane price in excess to SMT could not by ipso facto and/ or per se be said to be distribution of profits lending to formation of belief that income had escaped assessment — Deputy Commissioner of Income Tax vs. Shri Khedut Sahkari Khand Udyog Mandli Ltd.


ORDER


1. Delay condoned.

2. The special leave petitions are dismissed.

 

[2016] 240 TAXMAN 2 (SC)

 
Professional services available Audit Management
Tax Lok English Viedo
Tax Lok Hindi Viedo
Check Your Tax Knowledge
Youtube
HR Consulting services

FOR FREE CONDUCTED TOUR OF OUR ON-LINE LIBRARIES WITH OUR REPRESENTATIVE-- CLICK HERE

FOR ANY SUPPORT ON GST/INCOME TAX

Do You Want To Take FREE DEMO Of Our GST/Income Tax Library.