• Trs Woolen Mills Pvt. Ltd. v. Ito Income Tax Appellate

    Get free access to the complete judgment in Trs Woolen Mills Pvt. Ltd. v. Ito on CaseMine.

  • raymond woolen mills ltd vs ito

    Raymond Woolen Mills Ltd v. ITO (1999) 236 ITR 34 (SC) 12. Service en ligne; Raymond > Company History > TextilesWoollen Worsted The Raymond Woollen Mills (Kenya) Ltd. became a subsidiary of the Company. The Company s holding in this subsidiary at the end of March 1996 stood at 5 40 000 of K. Shs. 200 each out of 7 .

  • Raymond Woollen Mills Ltd. vs Income-Tax Officer And

    Raymond Woollen Mills Ltd. vs Income-Tax Officer And Others on 17 August, 1991. Equivalent citations: 1992 (1) BomCR 210, 1994 207 ITR 929 Bom Shri Dastur further placed reliance on the observations of the Gujarat High Court in the case of Commercial Ahmedabad Mills Co. Ltd. v. ITO [1983] 144 ITR 839. However,

  • Raymond Woollen Mills Ltd. vs Income-Tax Officer And Ors

    Raymond Woollen Mills Ltd. vs Income-Tax Officer And Ors. on 17 December, 1997. Equivalent citations: (1999) 236 CTR SC 34, 1999 236 ITR 34 SC. Bench: S Sen, S S Quadri. JUDGMENT 1. The challenge in this case is to the reopening of the assessment of Raymond Woollen Mills Ltd. We have been shown the recorded reasons for reopening under Section

  • USHA AGARWAL, AGRA v. ITO 4(4), AGRA Income Tax

    I.T.A No. 167/Agra/2018 Court in the case of Raymond Woolen Mills Ltd. Vs. Income Tax Officer and Ors. On 17 December, 1997, the assessing officer is required to form a prima facie reasonable belief that there was income that has escaped assessment. The assessing officer need not prove that there was escapement of income at that point of time.

  • A Deep Dive into NDTV's Reassessment Saga. Taxsutra

    May 21, 2020· Further, in Raymond Woollen Mills Ltd. v. ITO, the Supreme Court has explained the role of Courts when an assessee challenges the validity of Re-opening.

  • Issues in Respect of Reopening of Assessment

    In the landmark decision of Raymond Woolen Mills Ltd. vs. ITO [1999]236 ITR 34, the Supreme Court held that: ‘We have only to see whether there was prima facie some material on the basis of which the Department could reopen the case. The sufficiency or correctness of the material is not a thing to be considered at this stage.’

  • Assessment Reassessment

    Saran & Sons P. Ltd V. ITO (1981) 130 ITR 1(SC) In determining whether commencement of reassessment proceedings was valid it has only to be seen whether there was prima facie some material on the basis of which the department could reopen the case. Raymond Woolen Mills Ltd v. ITO (1999) 236 ITR 34 (SC) 12

  • Reopening u/s 147/148 upheld for interest income not taxed

    Raymond Woolen Mills Ltd. Vs. ITO’ (1999) 236 ITR 34 (SC) Anand Prakash Agrawal vs. CIT’ 121 DTR 227 CIT vs. United Racing & Blood Stock Breeders Pvt. Ltd. 131 DTR 344 In the instant case, the Assessing Officer (AO) had framed original assessment u/s 143 (3) by estimating profit rate after rejecting books of account.

  • Civil Appeal 55 of 1993 Kenya Law

    King Woolen Mills Ltd (formerly known as Manchester Outfitters Suiting Division Ltd & another v M/s Kaplan & Straton Advocates. Court of Appeal, at Nairobi December 16, 1993. Muli JA. Civil Appeal No 55 of 1993 (Appeal from the ruling and order of the High Court of Kenya at Nairobi (Mr Justice Shields) dated 25th February, 1993. in HCCC No 279

  • Trs Woolen Mills Pvt. Ltd. v. Ito Income Tax Appellate

    Get free access to the complete judgment in Trs Woolen Mills Pvt. Ltd. v. Ito on CaseMine.

  • USHA AGARWAL, AGRA v. ITO 4(4), AGRA Income Tax

    Raymond Woolen Mills Ltd. vs. ITO, rendered by the Honble Supreme . I.T.A No. 167/Agra/2018 Court, as referred to by the ld. CIT(A) in para 5.3 of the order under appeal, is not at all concerned with the issue at hand and, as such, it is of no help to the Department. 26.

  • A Deep Dive into NDTV's Reassessment Saga. Taxsutra

    May 21, 2020· Further, in Raymond Woollen Mills Ltd. v. ITO, the Supreme Court has explained the role of Courts when an assessee challenges the validity of Re-opening. The Court has held that the Court has only to see whether there was prima facie any material with the Assessing officer on the basis of which the Assessing Officer could have arrived at the

  • Issues in Respect of Reopening of Assessment

    In the landmark decision of Raymond Woolen Mills Ltd. vs. ITO [1999]236 ITR 34, the Supreme Court held that: ‘We have only to see whether there was prima facie some material on the basis of which the Department could reopen the case. The sufficiency or correctness of the material is not a thing to be considered at this stage.’

  • Assessment Reassessment

    Saran & Sons P. Ltd V. ITO (1981) 130 ITR 1(SC) In determining whether commencement of reassessment proceedings was valid it has only to be seen whether there was prima facie some material on the basis of which the department could reopen the case. Raymond Woolen Mills Ltd v. ITO (1999) 236 ITR 34 (SC) 12

  • The Commissioner Of Income Tax-I, Lucknow v. M/S. Motilal

    For this purpose, he has relied on the ratio laid down in the case of Raymond Woolen Mills Ltd. v. ITO; 236 ITR 34, where it was observed that: “In determining whether commencement of reassessment proceedings were valid it has only to be seen whether there was prima facie some material on the basis of which the department could reopen the case.

  • Before Shri R.S.Syal, AM and Shri N.V.Vasudevan, JM

    the Hon’ble Supreme Court in the case of Raymond Woollen Mills Ltd. Vs. ITO & Ors. [(1999) 236 ITR 34 (SC)] and Phool Chand Bajrang Lal & Anr VS. ITO & Anr. (1993) 203 ITR 456 (SC) along with other several other judgments on the point are clear authorities

  • Powers of AO to reopen assessment u/s 148 are not un

    Jun 18, 2020· Raymond Woolen Mills Ltd. Vs. ITO (1999) 236 ITR 34 (S.C.) CIT Vs. Kelvinator of India Ltd (2010) 320 ITR 561 (SC) M.J. Pharmaceuticals Ltd Vs. CIT (2008) 297 ITR 119 (Bom) Denish Industries Ltd. Vs. ITO 2004 (271) ITR 340 (Guj HC) SIL Investments Ltd Vs. DCIT 2011, 9 Taxmann 143 (Delhi HC) CIT Vs. Aashni Leasing & Finance Limited 2010 TIOL

  • Varshaben Sanatbhai Patel v. Income-Tax Officer Gujarat

    Oct 13, 2015· Reliance was also placed upon the decision of the Supreme Court in the case of Raymond Woollen Mills Ltd. v. ITO [1999] 236 ITR 34, for the proposition that the court has only to see whether there was prima facie some material on the basis of which the Department could reopen the case. The sufficiency or correctness of the material is not a

  • Civil Appeal 55 of 1993 Kenya Law

    King Woolen Mills Ltd (formerly known as Manchester Outfitters Suiting Division Ltd & another v M/s Kaplan & Straton Advocates. Court of Appeal, at Nairobi December 16, 1993. Muli JA. Civil Appeal No 55 of 1993 (Appeal from the ruling and order of the High Court of Kenya at Nairobi (Mr Justice Shields) dated 25th February, 1993. in HCCC No 279

  • M/s. Ivan Infotech Pvt. Ltd., New Delhi v. DCIT, New Delhi

    Aug 31, 2016· The Ld. Counsel pressing into service various decisions and repositions in decision of Hon'ble Supreme Court in the case of Raymond Woolen Mills Ltd Vs. ITO 236 ITR 34 (SC) submitted that there should be only reasonable belief that income had escaped assessment and sufficiency of the material cannot be considered at the initial stage and the

  • M/s. Gag Construction Pvt. Ltd., M-11, Middle Circular

    Similarly, in the case of Raymond Woolen Mills Ltd. Vs. ITO [1999] 236 ITR 34 (SC) the Hon'ble Supreme Court held that in determining whether commencement of the reassessment proceedings was valid, it has only to be seen whether there was prima-facie some material on the basis of which the Department could reopen the case.

  • Smt. Usha Agarwal Vs ITO (ITAT Agra) taxguru.in

    ‘Raymond Woolen Mills Ltd. vs. ITO’, rendered by the Hon’ble Supreme Court, as referred to by the ld. CIT(A) in para 5.3 of the order under appeal, is not at all concerned with the issue at hand and, as such, it is of no help to the Department. 26.

  • raymond woollen mills limited ratnagiri

    Raymond Woollen Mills Ltd Vs Ito. 1967 The Raymond Woollen Mills Ltd., was registered in Kenya for manufacturing knitting yarns and price goods of wool and wool mixed with synthetic fibres, and woollen and worsted fabrics. The Raymond Woollen Mills (Kenya) Ltd., became a

  • Issues in Respect of Reopening of Assessment

    In the landmark decision of Raymond Woolen Mills Ltd. vs. ITO [1999]236 ITR 34, the Supreme Court held that: ‘We have only to see whether there was prima facie some material on the basis of which the Department could reopen the case. The sufficiency or correctness of the material is not a thing to be considered at this stage.’

  • Smt. Usha Agarwal Vs ITO (ITAT Agra) taxguru.in

    ‘Raymond Woolen Mills Ltd. vs. ITO’, rendered by the Hon’ble Supreme Court, as referred to by the ld. CIT(A) in para 5.3 of the order under appeal, is not at all concerned with the issue at hand and, as such, it is of no help to the Department. 26.

  • Raymond > Company History > Textiles Woollen & Worsted

    - The Raymond Woollen Mills (Kenya) Ltd., became a subsidiary of the Company. The Company's holding in this subsidiary at the end of March 1996 stood at 5,40,000 of K. Shs. 200 each out of 7

  • 2019-TIOL-NEWS-264, Dated: Saturday, November 09, 2019

    ITO Vs Real Services. Raymond Woollen Mills Ltd. was a Central Excise registered assessee and the valuation declared by them was duly accepted by the jurisdictional Central Excise authorities and the assessment was also final however, no finding has been recorded with regard to such submission of the appellant as an independent

  • M/s. Ivan Infotech Pvt. Ltd., New Delhi v. DCIT, New Delhi

    Aug 31, 2016· The Ld. Counsel pressing into service various decisions and repositions in decision of Hon'ble Supreme Court in the case of Raymond Woolen Mills Ltd Vs. ITO 236 ITR 34 (SC) submitted that there should be only reasonable belief that income had escaped assessment and sufficiency of the material cannot be considered at the initial stage and the

  • Re-opening of Assessments U/s.147 The concept of “Mere

    Jun 08, 2016· The sufficiency or correctness of the material is not a thing to be considered at this stage. Raymond Woollen Mills Ltd. vs. ITO and Others (1999) 236 ITR 34 (SC). It was held in CIT vs. Former Finance (2003) 264 ITR 566 (SC) that reopening

  • Assessment Reassessment

    Saran & Sons P. Ltd V. ITO (1981) 130 ITR 1(SC) In determining whether commencement of reassessment proceedings was valid it has only to be seen whether there was prima facie some material on the basis of which the department could reopen the case. Raymond Woolen Mills Ltd v. ITO (1999) 236 ITR 34 (SC) 12

  • Before Shri R.S.Syal, AM and Shri N.V.Vasudevan, JM

    the Hon’ble Supreme Court in the case of Raymond Woollen Mills Ltd. Vs. ITO & Ors. [(1999) 236 ITR 34 (SC)] and Phool Chand Bajrang Lal & Anr VS. ITO & Anr. (1993) 203 ITR 456 (SC) along with other several other judgments on the point are clear authorities

  • Civil Appeal 55 of 1993 Kenya Law

    King Woolen Mills Ltd (formerly known as Manchester Outfitters Suiting Division Ltd & another v M/s Kaplan & Straton Advocates. Court of Appeal, at Nairobi December 16, 1993. Muli JA. Civil Appeal No 55 of 1993 (Appeal from the ruling and order of the High Court of Kenya at Nairobi (Mr Justice Shields) dated 25th February, 1993. in HCCC No 279

  • Varshaben Sanatbhai Patel v. Income-Tax Officer Gujarat

    Oct 13, 2015· Reliance was also placed upon the decision of the Supreme Court in the case of Raymond Woollen Mills Ltd. v. ITO [1999] 236 ITR 34, for the proposition that the court has only to see whether there was prima facie some material on the basis of which the Department could reopen the case. The sufficiency or correctness of the material is not a

  • Jurisdiction of AO to proceed with assessment under

    This is so because the formation of belief by the Assessing Officer is within the realm of subjective satisfaction (see ITO vs. Selected Dalurband Coal Co. P. Ltd. [1996] 217 ITR 597 (SO; Raymond Woollen Mills Ltd. vs. ITO [1999] 236 ITR 34 (SC). The scope and effect of section 147 as substituted with effect from April I, 1989, as also sections

  • raymond woolen mills ltd VHB Marine

    Raymond Woollen Mills Ltd. vs Income-Tax Officer And . The challenge in this case is to the reopening of the assessment of Raymond Woollen Mills Ltd. We have been shown the recorded reasons for reopening under Section 147(a). The case of the Revenue was that the assessee was charging to its profit and loss account, fiscal duties paid during the

  • The DCIT Vs. SAM Portfolio Pvt. Ltd. A Complete Guide

    Apart from that tribunal while considering the matter has given reason in para no.23-24, after taking into consideration, the Supreme Court decision in Raymond Woolen Mills Ltd. Vs. ITO, 236 ITR 34 (SC), Claggat Brachi Co. Ltd. Vs. CIT 177 ITR 409 (SC) and Kalyan Mavji & Co. Vs. CIT 102 ITR 287 (SC) which was relied upon by the Mumbai Tribunal

  • Notice u/s 201 and 201(1A) for recovery of tax not

    Jul 11, 2007· The ld. counsel of the assessee, who appeared before the Tribunal stated that on identical facts the Tribunal in case of Raymond Woollen Mills Ltd. v. ITO [1996] 57 ITD 536 (Bom.), in case of Indian Rayon and Industries Ltd. decided in [IT Appeal No. 2479 (Mum.) of 2004] assessment year 1994-95 decided on 24-1-2006 and in case of Raymond Ltd. v