Cit vs aggarwal engg co. 302 itr 246 p&h hc
WebJul 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. 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 …
Cit vs aggarwal engg co. 302 itr 246 p&h hc
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WebJun 23, 2013 · CIT [2000] 243 ITR 83 (SC) This decision of the SC has been followed by the Bombay, Delhi, Madras, Punjab & Haryana, Gujarat High Courts and a number of Tribunals in the country. In one case, where the view of the Assessing Officer had also been expressed by the Special Bench of the Tribunal, revision under Section 263 was held to …
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. 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’.
WebJan 11, 2024 · The A.O may proceed under Section 145(3) under any of the following circumstances: 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 …
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 …
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 smallest room in the world riddleWebAggarwal 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 smallest roof top tentWebCreating 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: song of myself 31http://www.in.kpmg.com/TaxFlashNews-INT/KPMG-Flash-News-Celerity-Powers-LLP-1.pdf smallest rooftop air conditionerWebMay 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 song of myself 36WebCIT(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 … song of myself 25WebThe 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. song of myself 22