Judgements by Praveen Sharma

Quashing the gift-tax assessment: Transfer of shares

Praveen Sharma 12 April 2013 at 12:03

The facts: The assessee, being the owner of 6000 fully paid up equity shares executed a deed of revocable transfer in favour of M/s Yogesh Chandra and Brothers Associates Under the deed, the assessee could, on completion of 74 months from the dat

Posted in Income Tax | 2100 Views

Advance received from clients against the bookings of shops

Praveen Sharma 16 October 2012 at 10:59

Facts : The brief facts of the case are that the assessee is a private limited company and is engaged in the business as builder and developer. Return for the year under consideration was filed on 31.10.2007. The case of the assessee was selecte

Posted in LAW | 1 comments | 3602 Views

Tariff Entry 8529 of the Central Excise Tariff contained in the First Schedule to the Central Excise Tariff Act,1985 / ‘Television Receivers’ under Tariff Entry 8528 of the Tariff

Praveen Sharma 10 October 2012 at 17:17

Facts - The appellant is a manufacturer of various components of television sets. The components are manufactured at its factory at Delhi. - The appellant was issued a show-cause notice dated 21.3.1990 by the Assistant Collector, New Delhi, where

Posted in LAW | 2444 Views

Action taken u/s 147 of the Income Tax Act, is there being no escapement of any income, conditions of section 147 were not fulfilled

Praveen Sharma 06 October 2012 at 11:35

The brief facts of the case are that the assessee is a company which filed return on 22.10.2003 and the return was processed u/s 143(1) of the Act on 12.1.2004. The case of the assessee was reopened u/s 147 and notice 148 of the Act was issued to the

Posted in LAW | 9598 Views

Issue of Jurisdictional High Court in the case of Godrej Boyce Mfg. Co. Ltd - Applicability of rule 8D

Praveen Sharma 05 October 2012 at 11:42

Facts: The department has filed this appeal for assessment year 2007-08 against order dated 2.11.2010 of ld CIT(A)-1, Mumbai. None appeared on behalf of assessee in spite of notice served through ld D.R. as per the report of the Assessing Officer dat

Posted in LAW | 3345 Views

Appointment of a group of independent persons to assist the Court in monitoring the investigation being carried out by the Central Bureau of Investigation (CBI), the Enforcement Di

Praveen Sharma 07 February 2012 at 18:46

Facts: The writ petition filed by the appellants before the Delhi High Court for ordering an investigation by the CBI or a Special Investigation Team into '2G Spectrum Scam' for unearthing the role Shri A. Raja, senior officers of the department, mi

Posted in Community & General | 3051 Views