Supreme Court · 1996 INSC 1458 · Decided 10 December 1996
Kuldeep Industrial Corporation v. Income Tax Officer and ORS.
- Court
- Supreme Court of India
- Citation
- 1996 INSC 1458 · [1996] SUPP. 9 S.C.R. 782
- Case number
- CIVIL APPEAL No. 233/1982
- Decided
- 10 December 1996
- Bench
- B.P. JEEVAN REDDY, K.S. PARIPOORNAN (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 144
Headnote
Income Tax Act, 1961: Sections 144-B, 245-C and 245-D(l-A). Income Ttu~Settlement of cases-Application for AYs 1977- 78, 1978- C 79 and 1979-8()-Assessee claimed to be manufacturer of stainless steel goods--Received substantial quantities of stainless steel sheets from MMTC-Disclosed huge losses not carrying on any manufactunng activity and issued notice proposing addition of three items of income-At D this stage, assessee filed application before Settlement Commission seeking settlement for all three AYs-Assessee called upon ITO to stop all further proceedings on ground of filing
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