TaxTMI 
TaxTMI 
2011 (2) TMI 1560
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.... taking up the grounds from assessment year 2002-03 which read as under: "1. The learned CWT(Appeals) has erred on the facts and law of the case and in the case assessing the value of immovable property at Rs. 6,39,10,92,000/-. No justification on the basis of arrival and no details of addition have been provided. 2. The learned CWT(Appeals) has erred on the facts and law of the case and in the case assessing the Dynasty Jewellery at Rs. 9,00,00,000/-. No reason or cause of addition has been mentioned. 3. The learned CWT(Appeals) has erred on the facts and law of the case and in the case assessing the value of jewellery at Rs. 3,59,71,984/-. No justification on the basis of arrival and no details of addition have ....
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....gst others. The ITAT has decided a bunch of 32 appeals vide this order. The learned counsel for the assessee further pointed out that in assessment years 1991-92 and 1992-93, ITAT has decided ITA Nos. 856 and 857/Del/03. The ITAT has again set aside the issue to the file of the Learned CWT(Appeals). The ITAT while doing so, followed the interim order of Hon'ble Delhi High Court passed in a reference. He placed on record copy of the ITAT's order dated 5.5.2005. On the strength of these orders, he contended that the issue be set aside to the file of the Learned CWT(Appeals). Learned DR was unable to controvert the contentions of the learned counsel for the assessee. 3. We have duly considered the rival contentions and gone through the ....
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....Maharaja died intestate on 24.6.1970. Late Maharaja had two wives - Maharani Kishori Kumari and Maharani Gayatri Devi. Late Maharaja is survived by four sons namely Col.Bhawani Singh, Maharaja Jai Singh, Maharaja Prithvi Raj and Maharaja Jagat Singhy. Late Maharaja had a daughter, Smt.Prem Kumar, who pre-deceased the Maharaja leaving his daughter Smt.Urvashi Devi. Col.Bhawani Singh filed returns under the Income-tax Act/Wealth-tax Act in the status of HUF claiming that entire estate of the deceased Maharaja belonged to the HUF after his demise and that Col.Bhawani Singh was its karta. The Revenue, on the other hand took the stand that the estate belonged to late Maharaja as an individual and after his death all his six heirs inherited the e....
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....hile hearing a reference u/s 256(1) is limited to the facts as stated in the statement of the case. On the basis of the facts as stated the conclusion which may be arrived at while deciding these reference may ultimately be contrary to the decision which may be arrived at by the Civil Court on the question of title to the property. This is bound to give rise to various complications. As far as the department is concerned, it is making protective asstt. on all possible assessees. The revenue of the department is, therefore, secured. The various assessees are busy fighting with each other in the Civil Court. In order that the dispute pending in the Civil Court is in no way jeopardize by any decision in these references and also in order that ....