Search Results for "identity and creditworthiness"

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Bombay High Court Dismisses NHAI Appeals in Land Acquisition Compensation Disput...
Supreme Court Allows Appeal of Claimant in Motor Accident Case — Functional Di...
Supreme Court Modifies Sentence in Forgery Case Due to Long Pendency and No Crim...
Madras High Court Dismisses Second Appeal in Partition Suit — Concurrent Findi...
High Court of Bombay at Bombay Dismisses Insurance Company's Appeal in Motor Acc...

Search Results for "identity and creditworthiness"

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Supreme Court

Supreme Court Allows Revenue's Appeal in Share Capital/Premium Case — Assessee Failed to Prove Identity, Creditworthiness, and Genuineness of Investors Under Section 68 of Income Tax Act. The onus under Section 68 is on the assessee to establish the identity, creditworthiness, and genuineness of transactions; mere production of documents is insufficient when investor companies are non-existent or unresponsive.

1 Jan 2019

The present appeal arises from a judgment of the Delhi High Court in an income tax appeal concerning the assessment year 2009-10. The respondent-asses...

Supreme Court

Supreme Court Allows Revenue's Appeal in Income Tax Case — Upholds Addition Under Section 68 for Unexplained Share Capital. Assessee Failed to Prove Identity, Creditworthiness, and Genuineness of Investor Companies Despite Receiving Share Premium at Rs. 190 per Share.

1 Jan 2019

The present appeal arises from a judgment of the Delhi High Court in an income tax appeal concerning the assessment year 2009-10. The respondent-asses...

High Court

Madras High Court Allows Assessee's Appeal in Cash Credit Case Under Section 68 of Income-Tax Act, 1961. Assessee Discharged Burden of Proving Identity, Creditworthiness, and Genuineness of Creditor; Department Failed to Rebut.

23 Jan 2025

The appellant, M/s. Real World Builders P Ltd., filed an appeal under Section 260A of the Income-Tax Act, 1961 against the order of the Income Tax App...

High Court

Bombay High Court Dismisses Writ Petition Challenging Settlement Commission Order Under Section 245D(4) of Income Tax Act — No Jurisdictional Error Found in Rejecting Settlement Application for Non-Disclosure of Full Income.

22 Feb 2012

The petitioner, Major Metals Ltd., filed a writ petition under Article 226 of the Constitution challenging an order dated 30 December 2010 passed by t...

High Court

Madras High Court Allows Assessee's Appeal in Income Tax Case — Sundry Credits Treated as Business Income Eligible for Deduction Under Section 80-IB. The Court held that once the Assessing Officer accepted the genuineness of the sundry creditors for the purpose of Section 68, the addition must be treated as business income and not income from other sources, entitling the assessee to deduction under Section 80-IB.

2 Apr 2026

The appeal was filed by the assessee, M/s AKR Poly Industries, a firm engaged in manufacturing disposable plastic cups and a registered small-scale un...

High Court

Bombay High Court Dismisses Revision Against Interim Maintenance Under Domestic Violence Act — Prior Maintenance Order Does Not Bar Additional Relief Under DV Act. Economic Violence Found as Domestic Violence Under Section 3 of Protection of Women from Domestic Violence Act, 2005.

1 Oct 2014

The applicant, Deepak Mahaveerprasad Gupta, filed a criminal revision application challenging the interim orders passed by the Judicial Magistrate, Fi...

Supreme Court

Supreme Court Upholds Life Sentence for Murder Conviction Based on Eye Witness Testimony. Conviction under Section 302 IPC read with Section 34 IPC confirmed as prosecution proved guilt beyond reasonable doubt through consistent testimony of father and brother of deceased.

3 Nov 2020

The Supreme Court dismissed the appeal filed by Rajesh alias Sarkari and Ajay Hooda against their conviction under Section 302 read with Section 34 IP...

High Court

Gujarat High Court Acquits Accused in Double Murder Case Due to Lack of Direct Evidence and Unreliable Circumstantial Evidence. Conviction under Sections 302 and 201 IPC Set Aside as Prosecution Failed to Prove Guilt Beyond Reasonable Doubt.

20 Feb 2026

The appellant, Shamji @ Sunil @ Dakudo S/o Kalubhai Mer, was convicted by the learned Additional Sessions Judge, Jetpur at Rajkot, for the murders of ...

High Court

High Court of Bombay at Goa Acquits Appellant in NDPS Case Due to Non-Compliance of Section 50 -- Search Procedure Violated Mandatory Safeguards Under Narcotic Drugs and Psychotropic Substances Act, 1985

19 Jan 2026

The Appellant, a Kenyan national, was convicted by the Additional Sessions Court for offences under Sections 22(c) and 21(b) of the Narcotic Drugs and...

High Court

Madras High Court Allows Revenue's Appeals in Income Tax Block Assessment Case - Upholds Addition of Unexplained Cash Credits Under Section 68 of Income Tax Act, 1961. The court held that the assessee failed to prove the genuineness of cash credits, reversing the Tribunal's order.

29 Jan 2025

The Revenue filed appeals under Section 260A of the Income Tax Act, 1961 against the order of the Income Tax Appellate Tribunal, 'B' Bench, Chennai, w...

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