| Case ID |
42ad35a0-5d4b-4ad6-bbd7-c7d176326332 |
| Body |
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| Case Number |
Civil Appeals Nos. 4158 to 4164 of 1994 |
| Decision Date |
Dec 06, 2000 |
| Hearing Date |
|
| Decision |
The Supreme Court directed the Appellate Tribunal to state a case to the High Court regarding the question of law concerning the entitlement of the assessee to registration under Section 185 of the Income Tax Act despite contraventions of specific liquor rules. The Tribunal must refer the question of law for opinion, recognizing that a significant legal issue exists due to prior conflicting rulings in similar cases. The court allowed the civil appeals and set aside the previous order, emphasizing the necessity for legal clarity in tax registration matters. |
| Summary |
This case revolves around the interpretation of the Income Tax Act, 1961, specifically Section 185 concerning the registration of a firm that contravened liquor laws. The Supreme Court of India dealt with the complexities of tax law and liquor regulations, determining that despite rule violations, the issue of the firm's entitlement to registration warranted judicial review. This case is significant for tax law practitioners and firms involved in the liquor trade, illustrating the intersection of regulatory compliance and tax benefits. The decision underscores the importance of legal advice in navigating compliance issues, which can impact a firm's financial standing and operational legality. Legal experts should note the implications of this ruling for future cases, particularly those involving regulatory frameworks and tax legislation. |
| Court |
Supreme Court of India
|
| Entities Involved |
Not available
|
| Judges |
S. P. Bharucha,
N. Santosh Hegde,
Y. K. Sabharwal
|
| Lawyers |
S. Ganesh,
Rajiv Nanda,
S.K. Dwivedi,
T.C. Sharma,
S.W.A. Quadri,
Ms. Sushma Suri,
L. Nageswara Rao,
S.K. Verma,
V.G. Pragasam
|
| Petitioners |
COMMISSIONER OF Income Tax
|
| Respondents |
LAMI WINE MERCHANTS
|
| Citations |
2002 SLD 168,
2002 PTD 1118,
(2001) 251 ITR 882
|
| Other Citations |
Bhiari Lal Jaiswal v. CIT (1996) 217 ITR 746 (SC),
CIT v. Nall' Venkataramana (1984) 145 ITR 759 (AP)
|
| Laws Involved |
Income Tax Act, 1961
|
| Sections |
185,
256
|