Sponsored
    Follow Us:

Case Law Details

Case Name : CIT Vs Jai Laxmi Rice Mills Ambala City (Supreme Court of India)
Related Assessment Year :
Become a Premium member to Download. If you are already a Premium member, Login here to access.
Sponsored

CIT Vs Jai Laxmi Rice Mills Ambala City (Supreme Court of India)

The case of CIT vs. Jai Laxmi Rice Mills before the Supreme Court of India revolved around whether penalty proceedings under Section 271E of the Income Tax Act are independent of assessment proceedings. The issue arose for the assessment years 1991-1992 and 1992-1993 when the tax authorities, based on CIB information, found that the assessee was engaged in large-scale wheat trading but had not filed income tax returns. As a result, the Assessing Officer passed an order on February 26, 1996, assessing a taxabl

Please become a Premium member. If you are already a Premium member, login here to access the full content.

Sponsored

Author Bio

A Blogger by Passion and a Chartered Accountant by Profession. View Full Profile

My Published Posts

No adverse GST Order Without Personal Hearing: Allahabad HC Canara Bank Wins ITAT Appeal: Section 115JB Not Applicable Bombay HC Declares Assessment Order Invalid for Exceeding Section 144C(13) Deadline Section 115JB not applicable to banking companies: ITAT Bangalore Bombay HC Criticizes ITAT for Delayed Order, Restores Rectification Plea View More Published Posts

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
April 2025
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
282930