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

Webthe case of CIT vs. Aggarwal Engg. Co. (Jal) reported in 302 ITR 246 (P&H), is not applicable in the present facts and circumstances of the case and each case has to be seen in its own facts and circumstances. 7. The Ld. counsel for the assessee, Sh. supported the order of the Ld. CIT(A) and argued that the accounts of the 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.

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WebJaipur – 302 018. Tel: +91 141 - 7103224 Tel Kochi Syama Business Centre, 3rd Floor, NH By Pass Road, Vytilla, Kochi – 682 019. Tel: +91 484 302 5600 Kolkata Unit No. 604, 6th Floor, Tower – 1, Godrej Waterside, Sector – V, Salt Lake, Kolkata – Sai Odyssey,700 091. Tel: +91 33 4403 4000 Mumbai 1st Floor, Lodha Excelus, Apollo Mills, WebJun 30, 2016 · (i) Source of deposit, or of cash inflow, is explained through gross profit additions. [refer- CIT v.Aggarwal Engg. Co. (Jal.) [2008] 302 ITR 246/156 Taxman 40 (Punj.& Har.)] (ii)Investment in later years is explained by intangible additions of earlier years, unless it is proved by the Revenue that such additions were not available for … incanto leather https://shadowtranz.com

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WebSep 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. 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 … 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 … in centre meaning

M/S. Hari Electrical Works vs Commissioner Of Income Tax on 8 …

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

Fresh claim before Appellate Authority is admissible even …

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: 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 …

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

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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 WebMay 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

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 … WebOn appeals the Court observed that four categories of cases : (a) cases in which computer software was purchased directly by an end-user, resident in India, from a foreign, non-resident supplier or manufacturer ; (b) cases where resident Indian companies were distributors or resellers, purchasing computer software from foreign, non-resident …

WebAkkal Dudhwewala, A.R for the Appellant. Arup Chatterjee, Addl. CIT for the Respondent. 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

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

Webness man’s prudent man’s angle view, then that cannot be brushed aside by the AO, without disproving the explanation facts or by giving cogent reasons. Statement of bank accounts of assessee (3 bank accounts) it is noted that assessee has deposited in his three bank account (pre demone in certain circles muhlyWebCIT(A). The taxpayer was under bonafide belief that it was eligible to set-off the losses of the erstwhile private limited company and therefore, upon setting off of such losses its total … in cerro de pasco the lead mine\u0027s size isWebCIT (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 … in cells with a nucleushttp://www.in.kpmg.com/TaxFlashNews-INT/KPMG-Flash-News-Celerity-Powers-LLP-1.pdf incanto meaningWebMay 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. in certain code tiger is written as qdfhsWebGet free access to the complete judgment in Naresh Pharmaceutical v. Principle Commissioner Of Income Tax . on CaseMine. in center test mode meansWebFrom 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 … incanto murder mystery