JYOTI LIMITED, GULAB BHAWAN PALACE M/S VAISH ASSOCIATES, ROHIT JAIN, HAKEEM TEHJUD HUSSAIN, MR. MUZAMIL YOUSUF vs ASSISTANT COMMISSIONER OF INCOME TAX — ITA/1/2024

Case under The Income Tax Act, 1961 Section 260. Next hearing: 09th July 2026.

CNR: JKHC010002702024

Next Hearing

09th July 2026

Filing Number

ITA/202/2024

Filing Date

23-01-2024

Registration No

ITA/1/2024

Registration Date

23-01-2024

Bench Type

DIVISION BENCH

Category

DB INCOME TAX APPEAL – ITA ( 211 )

Judicial Branch

CIVIL CASES (C)

Acts & Sections

The Income Tax Act, 1961 Section 260

Petitioner(s)

JYOTI LIMITED, GULAB BHAWAN PALACE M/S VAISH ASSOCIATES, ROHIT JAIN, HAKEEM TEHJUD HUSSAIN, MR. MUZAMIL YOUSUF

Respondent(s)

ASSISTANT COMMISSIONER OF INCOME TAX

Hearing History

09-07-2026

FOR FINAL HEARING

Orders

05-05-2026
HON'BLE THE ACTING CHIEF JUSTICE,HON'BLE MR. JUSTICE SANJAY PARIHAR

Case Summary: ITA 1/2024 The High Court of Jammu & Kashmir admitted Jyoti Limited's appeal against the Assistant Commissioner of Income Tax, identifying a substantial question of law: whether license fees received by the appellant should be taxed as business income rather than house property income as the Tribunal ruled. The court issued a post-admission notice, waived formal notice for the respondent, and adjourned the case for consideration on 09.07.2026 pending receipt of records from ITAT. This case analysis is maintained by casestatus.in based on publicly available court records.

casestatus.in Summary

Case Summary: ITA 1/2024 The High Court of Jammu & Kashmir admitted Jyoti Limited's appeal against the Assistant Commissioner of Income Tax, identifying a substantial question of law: whether license fees received by the appellant should be taxed as business income rather than house property income as the Tribunal ruled. The court issued a post-admission notice, waived formal notice for the respondent, and adjourned the case for consideration on 09.07.2026 pending receipt of records from ITAT. This case analysis is maintained by casestatus.in based on publicly available court records.

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