Century Flour Mills Limited Vs. Commissioner Of Income Tax On 03 August, 2000

Q: Q. What are the equivalent citations for Century Flour Mills Limited vs Commissioner of Income Tax ?

The equivalence citation are(2002) 9 SCC 676 ; [2001] 115 TAXMAN 675 (SC) ; [2001] 247 ITR 276 (SC) ; JT 2000 (10) SC 323 ; LQ/SC/2000/1162 ;

Q: Q. What was the bench assigned for the case Century Flour Mills Limited vs Commissioner of Income Tax?

HONBLE JUSTICE N. SANTOSH HEGDE, HONBLE JUSTICE S. P. BHARUCHA, HONBLE JUSTICE U. C. BANERJEE

Open iDraf

Century Flour Mills Limited v. Commissioner Of Income Tax

Century Flour Mills Limited
v.
Commissioner Of Income Tax

(Supreme Court Of India)

Civil Appeal No. 3746 Of 1998 | 03-08-2000

The High Court declined to call for a reference of the following questions

"(1) Whether, on the facts and in the circumstances of the case, the Tribunal is right in law in holding that the levy of penalty (in respect) of the sale consideration of the sale of the land is justified

(2) Whether, on the facts and in the circumstances of the case, the Tribunal is right in law in holding that the sale consideration is not Rs. 8, 16, 550 as disclosed in the deed of sale, but is a sum of Rs. 16, 43, 539 as estimated by the AO

(3) Whether the Tribunal is right in law in holding that the extra consideration alleged to have been received by the managing director should also be attributed to the applicant company

(4) Whether the Tribunal is right in law in holding that the extra consideration alleged to have been received by the managing director of the applicant-company is also applicable for the purpose of levy of penalty under s. 271(1)(c) of the

(5) Whether the Tribunal is right in law in holding that the applicant-company has concealed the particulars of the real consideration in respect of the sale of the land and, consequently, the income is liable for penalty " *

It did so on the basis that they were questions of fact

We have perused the order of the High Court and heard learned counsel and are in no doubt that the High Court was right. The Tribunal having arrived at the finding of concealment of income on the basis of the material on record, no question of law arose, reference of which could be called for

The Civil appeal is dismissed with costs.

Advocates List

For

Bench List

HON'BLE JUSTICE N. SANTOSH HEGDE

HON'BLE JUSTICE S. P. BHARUCHA

HON'BLE JUSTICE U. C. BANERJEE

Eq Citation

(2002) 9 SCC 676

[2001] 115 TAXMAN 675 (SC)

[2001] 247 ITR 276 (SC)

JT 2000 (10) SC 323

LQ/SC/2000/1162

HeadNote

Income Tax — Reference — Questions of fact — When do not give rise to a question of law — Finding of concealment of income by Tribunal on basis of material on record — Held, no question of law arose