← Library
High Court of Punjab and HaryanaITA/300/2019dismissed

The Principal Commissioner Of Income Tax Faridabad v. M/S Piyush Colonizers Ltd.

2020-02-10Mr. Justice Ajay Tewari,Mr. Justice Avneesh Jhingan7 pages

      

 



    !  " #$%&' () * 

  ! "   !#! $%&%'( 

$)*%'+%$,&-./!%'.$)'%01'&%02.(-

$#.3$)4)0./1'.$)'%01'&%0 $(-%)55%00)'(  +,,-./.0/ -%$%6%'1%.&.')55%)01'+%$!%7(.' 8  (-%'74%)9 7(/

:

$&-$(/(-%7(;)<).'&((-%$+%$+)(%+ =

=5)&&%+>?

(-%'74%)955%00)(%$.>1')0/%2%0-.: $&-$(/(-%$.>1')0;

70).4.'< 002.'<&1>&()'(.)0@1%&(.'& 0)2

A:.;'(-% )7(&)'+.'(-%7.$714&()'7%& (-%7)&%(-% + :;)'+(-% +-)6%%$$%+' )7(&)'+.'0)2 .'+%0%(.'<(-%5%')0(? & / 8/ /B CD0%6.%+>?(-% &&%&&.'<  

.7%$  1C&  ;:7;    (-%  7(  2.(-1( 5$5%$0?)55$%7.)(.'<(-% )7(& (-%7)&%)'+2.(-1(

  &5%7.

?.'<2-)(2)&2$'<2.(-&&%&&.'<

.7%$&$+%$ )& 2-?5%')0(?2)&'(0%6.)>0%.'(-.&7)&%F :..; +:;)'+ +-)&%$$%+' )7(&)'+.'(-% 0)2.'+%0%(.'<(-%5%')0(?0%6.%+>?(-%1C& ;:7;

(-%'74%)97(/

2.(-1()55$%7.)(.'<(-% )7( (-)()++.(.'4)+%>?2)&7'

.$4%+((-%%9(%'(

& /=G/

/= ECD  )'+  (-%  )&&%&&%%&  .'(%'(.'  2)&  ( 2.(--0+($1%5)$(.710)$& .'74%F :...;'(-% )7(&)'+.'(-%7.$714&()'7%& (-%7)&%(-% + :;)'+(-% +-)6%%$$%+' )7(&)'+.'(-% 0)2.'+%0%(.'<(-%5%')0(?0%6.%+>?(-%&&%&&.'<

.7%$ 1C& (-%7(+.&$%<)$+.'<(-% )7(&(-)((-% 5%')0(?.&0%6.)>0%'7'($)6%'(.' (-%5$6.&.'& ) 7.6.0&()(1(%0.3%'74%)97(/(-%$%>%.'<&4)'? *1+<4%'(&(-)(>$%)7- )7.6.0>0.<)(.')(($)7(&0%6?

5%')0(?  2-%(-%$  (-%  7'($)6%'(.'  2)&  4)+%  >?  (-% +% )10(%$&2.(-)'?<1.0(?.'(%'(.'&$'(F :.6;'(-% )7(&)'+.'(-%7.$714&()'7%& (-%7)&%(-% + :;)'+(-% +-)6%%$$%+' )7(&)'+.'(-% 0)2.'+%0%(.'<(-%5%')0(?%&5%7.)00?2.(-1()55$%7.)(.'< (-%  )7(&  (-)(  )&&%&&%%  +%0.>%$)(%0?  .0%+  .')771$)(% 5)$(.710)$& .'74%&)&($%+17%.(&()90.)>.0.(?FH -%$%0%6)'( )7(&)$%(-)((-%)&&%&&4%'(?%)$.'606%+.&

=D &%)$7-)'+&%.I1$%2)&7'+17(%+)((-%)+4.'.&($)(.6%

.7%

.?1&-$15 45)'.%&)'+(-%$%&.+%'(.)05$%4.&%& (-%.$%7($ 2%$%)0&&%)$7-%+' 8 =-%5$7%%+.'<&7'701+%+6.+%$+%$

 +)(%+

>?+.&)002.'<70).4 .'+.$%7(%95%'&%&(-%$%>?4)3.'< )')++.(.'  /G8/8G/= CD')55%)0/(-% &(55%00)(%1(-$.(?@1)&-%+ (-%  +.&)002)'7%   E/E /E /

CD  )'+  )++.(.'  2)&  $%&($.7(%+  (  /=G/

/= ECD  $  (-%  )++.(.'  &1&().'%+/  5%')0(?  5$7%%+.'<&  2%$% .'.(.)(%+1'+%$!%7(.' (-%7()'+5%')0(?  / 8/ /B CD 2)&.45&%+6.+%$+%$+)(%+ 

-% &( 55%00)(%1(-$.(?&%( )&.+%(-%5%')0(?6.+%$+%$+)(%+ 

G-%)55%)0 .0%+ >?(-% $%6%'1%2)&+.&4.&&%+>?(-%$.>1')0/-%'7%(-%5$%&%'()55%)0 %)$'%+71'&%0 $(-%$%6%'1%)$<1%+(-)((-% &(55%00)(% 1(-$.(?  %$$%+  .'  &%((.'<  )&.+%  (-%  5%')0(?/  (-%  5)$(.)0  )++.(.'  2)& &1&().'%+)'+-%'7%(-%5%')0(?@1)(-%&)4%2)&0%6.)>0% -%7'(%'(.'$).&%+0)73&4%$.( !%7(.' (-%7(.&$%5$+17%+>%02

 :

;    (-%  &&%&&.'<  

.7%$  $  (-%  44.&&.'%$ :55%)0&;  $  (-%  44.&&.'%$  .'  (-%  71$&%    )'?

5$7%%+.'<&1'+%$(-.&7(/.&&)(.& .%+(-)()'?5%$&'DD 999999 :7;-)&7'7%)0%+(-%5)$(.710)$& -.&.'74%$ 1$'.&-%+ .')771$)(%5)$(.710)$& &17-.'74%/$ 999999H -%$%  .&  '  +.&51(%  '  (-%  )7(  (-)(  +1$.'<  (-%  $%0%6)'( )&&%&&4%'(?%)$/(-%)&&%&&%%7-)'<%+(-%)771'(.'<4%(-+ $45$*%7( 7450%(.'(5%$7%'()<%4%(-+(2)&(-%$%&10( 7-)'<% 4%(-+ (-)(7%$().'.'+.$%7(%95%'&%&70).4%+710+'(>%)002%+-%)771'( >3& (-%)&&%&&%%2%$% 1'+(>%+10?)1+.(%+)'+5$%5)$%+.'

)77$+)'7%2.(-)77%5(%+)771'(.'<&()'+)$+-%7-)'<% )771'(.'<

B 4%(-+2)&)0&+10?+.&70&%+>?(-%)1+.($(2)&'((-%7)&% (-% $%6%'1%  %6%'  >% $%  (-%   55%00)(%  1(-$.(?  (-)(  (-%  )&&%&&%%  -)+ &155$%&&%+)'?4)(%$.)0 )7( ((-%-.<-%&(/(-%7)&% (-%$%6%'1%2)&(-)(%6%'(-1<-(-% 4)(%$.)0  2)&  +.&70&%+  >?  (-%  )&&%&&%%  >1(  -%  -)+  70).4%+  7%$().' .')+4.&&.>0%%95%'&%&0).4.'< )'%95%'&%2-.7-.&'(&1&().')>0%.'

.(&%0 7)''(>%)<$1'+ $.'63.'<!%7(.' (-%7( '

$+%$(.45&%5%')0(?1'+%$(-%&).+&%7(.'/%.(-%$(-%$%-)&(>% 7'7%)0%+5)$(.710)$& (-%.'74%$ 1$'.&-.'< .')771$)(%5)$(.710)$& (-%.'74%%*%7(.' )70).4(-)((2-%$%.'(-% )7(& (-%5$%&%'( 7)&%.(2)&$%&10( 7-)'<% )771'(.'<4%(-+.&'(&1

.7.%'( $ 5%')0.&.'<(-%)&&%&&%% -%  !15$%4%  1$(  .'    '

!  "  * &

2

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

G -%$% $%/  (-%  2$+  J5)$(.710)$&J  1&%+  .'  (-%  !%7(.'

;:7;210+%4>$)7%(-%4%)'.'< (-%+%().0& (-% 70).44)+%(.&)')+4.((%+5&.(.'.'(-%5$%&%'(7)&%(-)( '.'

$4)(.'<.6%'.'(-%%(1$'2)& 1'+(>%.'7$$%7( $.')771$)(%(.&'()&.

)'?&()(%4%'(4)+%$)'?+%().0 &1550.%+2)& 1'+(>% )7(1)00?.'7$$%7(%'7%/)(0%)&(/ 5$.4) )7.%/(-%)&&%&&%%7)''(>%-%0+<1.0(? 1$'.&-.'< .')771$)(%  5)$(.710)$&  -%  %)$'%+  1'&%0  )$<1%+  (-)( J&1>4.((.'<)'.'7$$%7(70).4.'0)2 $(-%%95%'+.(1$%'

.'(%$%&(210+)41'((<.6.'<.')771$)(%5)$(.710)$& &17- .'74%J"%+'((-.'3(-)(&17-7)'>%(-%.'(%$5$%()(.' (-%7'7%$'%+2$+&-%2$+&)$%0).')'+&.450%' $+%$(%95&%(-%)&&%&&%%((-%5%')0(?1'0%&&(-%7)&%.& &($.7(0?76%$%+>?(-%5$6.&.'/(-%5%')0(?5$6.&.'7)''( >%  .'63%+  ?  )'?  &($%(7-    .4)<.')(.'/  4)3.'<  )'

.'7$$%7(  70).4  .'  0)2  7)''(  ()'()41'(  (  1$'.&-.'< .')771$)(%  5)$(.710)$&  '  

      

 ! " #$%/2-%$%(-.& 1$(  2)&  7'&.+%$.'<  (-%  &)4%  5$6.&.'/  (-%  1$( >&%$6%+(-)((-%&&%&&.'<

.7%$-)&(>%&)(.& .%+(-)() 5%$&'  -)&  7'7%)0%+  (-%  5)$(.710)$&    -.&  .'74%  $

1$'.&-%+.')771$)(%5)$(.710)$& &17-.'74%-.&1$( $% %$$%+()'(-%$+%7.&.' (-.&1$(.'& 

    ' 

$ ()! " )*%/ )&)0&/(-%+%7.&.'.'& 

 +, "-. / 01. 

 ()! " 22$% )'+$%.(%$)(%+.'5)$) 

8 (-)( D J (<%&2.(-1(&)?.'<(-)( $)550.7)>.0.(?

!%7(.' ;:7;7'+.(.'&&()(%+(-%$%.'41&(%9.&(J 999999

"%)$%'(7'7%$'%+.'(-%5$%&%'(7)&%2.(-(-%4%'&$%) 2%6%$/2%-)6%('0?&%%)&(2-%(-%$.'(-.&7)&%/)&) 4)((%$ )7(/(-%)&&%&&%%-)&<.6%'.')771$)(%5)$(.710)$&' "%>&(%$&.7(.')$?/(-%2$+J.')771$)(%J-)&>%%'+% .'%+ )& D J'()771$)(%/'(%9)7($7$$%7(K'()77$+.'<(($1(-K %$$'%1&K)&)'.')771$)(%&()(%4%'(/75?$($)'&7$.5(J "%-)6%)0$%)+?&%%'(-%4%)'.'< (-%2$+J5)$(.710)$&J.'

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

E '6.%2 (-% )7(& (-%7)&%)'+7'&.+%$.'<(-%5%91$( +%7.&.'/'.'(%$ %$%'7%.&2)$$)'(%+.'+%0%(.' 5%')0(? -%)55%)0.&+.&4.&&%+ 2+,,-./.032/6,7*3 /80,/80,

"-%(-%$&5%)3.'<C$%)&'%+

%&C "-%(-%$$%5$()>0%

%&C