Supreme Court of India
Deputy Commissioner of Income Tax (central) Circle 1(2) v. M/s. M. R. Shah Logistics Pvt. Ltd.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
What the Court ordered
In view of the foregoing reasons, the impugned judgment is hereby set aside.
Judgment, page 22
From the headnote
Income Tax Act,1961– ss.147, 148, 143 – “Reasons to believe” – Finance Act, 2016 – Chapter IX- Income Declaration Scheme (IDS) – Search proceedings were conducted by Revenue at the office premises of one ‘SCS’ wherein several materials and documents were seized – Revenue was of the opinion that the assessee was also a beneficiary of the business (of accommodation entries provided by ‘SCS’) through bogus companies – This was based on the fact that many companies which invested amounts towards share capital on high premiums in the assessee’s company were also controlled and managed by ‘SCS’…
Authorities it was built on
- 1976 Income Tax Officer, I Ward, Dist. Vi, Calcutta & Ors. v. Lakhmani Mewal Das
- 1993 Phool Chand Bajrang Lal and Anr. v. Income Tax Officer and Anr.
- 1960 Calcutta Discount Company Limited v. Income-tax Officer, Companies District, I and Another.
- 2010 Commissioner of Income Tax, Delhi v. M/s. Kelvinator of India Limited
- 2007 Assistant Commissioner of Income Tax v. Rajesh Jhaveri Stock Brokers Pvt. Ltd.
- 2007 Controller of Defence Accounts, Dehradun and Ors. v. Dhani Ram and Ors.
- 1993 Tekchand v. Competent Authority
Sign in free to read it
- The full judgment, page by page, as published in the Supreme Court Reports
- The ratio: what the Court held, verbatim, with the page it sits on
- Every bench that relied on it, and every bench that argued against it
- Search every reported judgment, by party, citation or question
- Download the PDF, copy pinpoint citations ready for a filing
An email address, no password.