Cit vs aggarwal engg co. 302 itr 246 p&h hc

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WebGenuineness of Transactions and Cardinal concepts of taxation By CA. Pankaj G. Shah F. Web11. Expenses on VRS are allowable in year of payment (CIT vs. Bhor Industries Ltd. (264 ITR 180 (Born) (Also refer to section 35DDA inserted by Finance Act, 1999 w.e.f. 1-4-2000). 12. The word “sum” in section 40A (3) refers to single payment – CIT vs. Kothari Sanitation and Tiles P. Ltd. (282 ITR 117 (Mad). 13.

The Supreme Court decision on the allowability of interest on …

Web(b) CIT vs. Aggarwal Engineering Co.; 302 ITR 246 (P&H), where it was observed that once the net profit rate was applied, no further addition was called for in respect of purchase and introduction of cash. (c) CIT vs. Purshottam Lal Tamrakar; 270 ITR 314; (d) CIT vs. Banwari Lal Banshidhar; 229 ITR 229 (All); and WebJan 10, 2024 · The Honble Gujrat High Court in the case of CIT vs. President Industries (2002) 258 ITR 654 (Guj.) held as under : “In the course of survey conducted in the … hiking trails near posey

Demonetization special: When books of account of the …

WebExchange rate difference arises out of and is directly related to the sale transaction involving export of goods of the industrial undertaking and therefore, the difference on account of exchange fluctuation is entitled to deduction u/s. 80 … WebMay 14, 2024 · The Court observed that penalty proceedings Assessee has offered explanation and caused to produce affidavits and record statements of the concerned unregistered dealers and establish their credentials .That explanation has been accepted by the CIT (A) vide order dated 13-01-2011. WebThe Hon’ble Supreme Court in the case of Tin Box Co. v. CIT (2001) 249 ITR 216 (SC) had observed that the Court held that the failure to observe the principles of natural justice … hiking trails near pittsfield ma

THE NEW REGIME OF REASSESSMENT PROCEEDINGS UNDER

Analysis of SC Judgment in the case of Basir Ahmed Sisodia Vs. ITO

WebGet free access to the complete judgment in Naresh Pharmaceutical v. Principle Commissioner Of Income Tax . on CaseMine. WebMar 7, 2024 · The Hon’ble Supreme Court on 2 nd March 2024 in the case of Engineering Analysis Centre of Excellence Private Limited Vs CIT, put a rest to the contentious issue of tax on Payment by end users or tech companies in India to suppliers abroad on import of software as ‘ Royalty’. hiking trails near pisgah national forestWebJul 7, 2024 · The Central Processing Centre (CPC) has only considered the item in lieu of ‘NIL’ and has not considered the exemption under Section 10 (23C) (iiib) or deduction under Section 80P, for which it was eligible. However, AO rejected claim of assessee. On appeal. The CIT (A) and futher, the ITAT allowed assessee’s claim. hiking trails near plainfield illinois

"" - Cit vs aggarwal engg co. 302 itr 246 p&h hc

Cit vs aggarwal engg co. 302 itr 246 p&h hc

THE NEW REGIME OF REASSESSMENT PROCEEDINGS UNDER ... - Diges…

WebFeb 17, 2024 · Coming back to the case, it is noted from the audited accounts of the assessee that he had shown aggregate sales to the tune of Rs.4,76,79,000/- in this … Web(b) CIT vs. Aggarwal Engineering Co.; 302 ITR 246 (P&H), where it was observed that once the net profit rate was applied, no further addition was called for in respect of purchase and introduction of cash. (c) CIT vs. Purshottam Lal Tamrakar; 270 ITR 314; (d) CIT vs. Banwari Lal Banshidhar; 229 ITR 229 (All); and

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WebCreating your profile on CaseMine allows you to build your network with fellow lawyers and prospective clients. Once you create your profile, you will be able to: WebApr 4, 2024 · The Ld. CIT (A) has taken the purchases and sales in the appellate order and the difference of the same was taken as undisclosed profit of the assessee in a sum of …

WebCIT (2006) 287 ITR 209) Assessing Authority has no power to entertain a claim made by assessee otherwise than by filing a revised return (Goetze (India) Ltd. v. CIT (2006) 284 … WebJan 11, 2024 · He has submitted that Ld. CIT (A) has merely recorded order sheet entry on 8th June, 2024, but has not been given any specific notice for making enhancement to …

WebFrom a perusal of the tradingaccount it is revealed that assessee has shown total sales for a sum of Rs.4, 76,78,990/- and closing stock of Rs.71,93,896/- and Gross profit to the … WebAggarwal Engg. Co. (2008) 302 ITR 246 (P & H). 6. the CIT(A) regarding estimation of the net profit at 8%. The ITAT has, in fact, upheld the order of the CIT(A). If that is indeed the position, the question of adding the further sum as unexplained credit was not sustainable particularly in view of the decision of the Punjab & Haryana High Court in

WebJan 6, 2012 · Citation: 2012-LL-0106-20: Appellant Name: The Income Tax Officer-Ward-1: Respondent Name: M/s. Vrajleela Assciates: Court: ITAT-Ahmedabad : Relevant Act: Income-tax

http://www.in.kpmg.com/TaxFlashNews-INT/KPMG-Flash-News-Celerity-Powers-LLP-1.pdf small white bug on bedWebSep 10, 2024 · Section 263 of the Income-tax Act, 1961 (‘the Act’) provides revisional power to Principal Commissioner (‘Pr. CIT’) or Commissioner (‘CIT’) if he is of the opinion that an order passed by the AO is erroneous and prejudicial to the interests of the revenue. small white bug on woolWebThe Pr. CIT were directed to issue instructions to AO’s to strictly adhere to the law explained in various decisions and make it mandatory for them to ensure that an order for reopening of an assessment clearly records compliance with each of the legal requirements. hiking trails near pittsburghWebThe Hon’ble Supreme Court in the case of Tin Box Co. v. CIT (2001) 249 ITR 216 (SC) had observed that the Court held that the failure to observe the principles of natural justice cannot be made good in appeal. Lack of opportunity before the Assessing officer cannot be rectified by the appellate authority by giving such opportunity. 4.2. hiking trails near port angeles waWebMar 23, 2024 · The assessee did not challenge the rejection of the books of account under section 145(3) and the addition made by Ld. CIT(A) above to the profit of the assessee. The Ld. CIT(A) forgot to consider that if he wanted to make addition on account of peak credit on account of M/s. Hanuman Traders, whether theory of peak credit would apply in the ... hiking trails near plainfield ilWebMay 18, 2024 · CIT (123 ITR 907) (All)] 1.2 Penalty for concealment cannot be levied, where the assessee was not even asked to justify his claim and penalty was levied on the basis of presumption the assessee’s intention was to evade tax. [Rupam Mercantiles Ltd. Vs. Dy. CIT (91 ITD 237) (Ahd.) 2. hiking trails near port orfordWebMay 30, 2013 · Aggarwal Engineering Co.; 302 ITR 246(P&H), where it was observed that once the net profit rate was applied, no further addition was called for in respect of purchase and introduction of cash. (c) CIT v. Purshottam Lal Tamrakar; 270 ITR 314; (d) CIT v. Banwari Lal Banshidhar; 229 ITR 229 (All); and small white bug pokemon