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Income Tax Case Laws - Section: 44AF

Home Case Index Income Tax Sections List
Cases for Section: 44AF
Showing 1 to 15 of 33 Records
 
  • 2016 (6) TMI 429 - ITAT HYDERABAD

    Penalty u/s 271(1)(c) - estimation of income u/s 44AF - Held that - The assessee is a small trader involved in bamboo business and filed his return of income by estimating the income u/s 44AF. Therefore, the assessee is not required to maintain any b... ... ...


  • 2016 (5) TMI 350 - ITAT MUMBAI

    Net profit determination - AO estimated profit 5 on the said undisclosed sale - CIT(A) estimated the commission income 11 on the said undisclosed sale - Held that -The estimates are to be made keeping in view the background of the business of the ass... ... ...


  • 2016 (5) TMI 24 - ITAT KOLKATA

    Gifts received from daughter - addition as unexplained cash credit u/s 68 - Held that - We find from the records that the monies have been transferred by daughter Mrs. Fariah Rahman, who is a resident of Manchester, United Kingdom, to her father (ass... ... ...


  • 2016 (4) TMI 1086 - ITAT AHMEDABAD

    Applicability of provisions of section 44AF - Held that - Total turnover is shown at ₹ 11,31,029/- which is not doubted by the lower authorities at any stage and the purchases of the assessee are explained and the profits of ₹ 2,22,214/- ... ... ...


  • 2016 (4) TMI 554 - ITAT AHMEDABAD

    Presumptive computation of profits for taxation for business - taxing the peak amount - presumptive profit u/s 44AD/44AF - Held that - A sum equal to 8 of gross receipts can be shown by assessee for being engaged in the work of exhibition of work con... ... ...


  • 2016 (3) TMI 276 - ITAT DELHI

    Validity of assumption of jurisdiction under section 153C - additions made u/s 153C for want of any corresponding material/incriminating material unearthed during search operations - disallowance of cash purchases - Held that - In the absence of any ... ... ...


  • 2015 (10) TMI 1758 - ITAT DELHI

    Revision u/s 263 - as per CIT(A) AO has allowed benefit of section 44AD/AF erroneously without considering whether conditions thereto are fulfilled, and also not by applying provisions of section 69A of the Act - Held that - AO, after considering the... ... ...


  • 2015 (9) TMI 1416 - ITAT AHMEDABAD

    Unexplained credit / deposits /investment - Held that - The appellant had submitted the copies of assessment orders of both these persons for A.Y. 2007-08 and it is seen that the original investment amounting to ₹ 8,00,000/- had already been ta... ... ...


  • 2015 (11) TMI 4 - ITAT CHENNAI

    Penalty u/s.271(1)(c) - AO observed that the assessee firm had not furnished the audit report U/s.44AB - Held that - Assessing Officer has not heeded to the request of the assessee to while invoking the provisions of Section.44AF of the Act with resp... ... ...


  • 2015 (12) TMI 1367 - ITAT MUMBAI

    Additions of Bank deposits made u/s 68 - applicability of provisions of sec. 44AF - Held that - In view of the fact that the deposits were found to have been made into the bank account from various cities, the theory of unexplained cash credit may no... ... ...


  • 2015 (6) TMI 648 - ITAT PANAJI

    Addition u/s 43B - statutory liabilities which had not been paid by the Assessee before the due date - Applicability of Sec. 43B when the return is filed applying the provisions of Sec. 44AF - Held that - The statutory liability in the present case h... ... ...


  • 2015 (3) TMI 647 - ITAT DELHI

    Suppressed profit - AO in upholding addition that out of the total business activity carried on in the same premises, 50 belonging to the father and son respectively - CIT(Appeal) sustaining addition to the extent of 50 of the business - Held that - ... ... ...


  • 2015 (2) TMI 254 - DELHI HIGH COURT

    Income from undisclosed sources - assessee s entitlement to the benefit of Section 44AF as had voluntarily disclosed receiving Rs. 16,07,240/- during the course of the assessment - assessee urged that the AO made no effort to discern as to the charac... ... ...


  • 2014 (10) TMI 173 - ITAT LUCKNOW

    Reassessment - Reasons recorded shows income escaped or not Held that - CIT(A) recorded that the reasons do not show any income chargeable to tax that has escaped assessment and while completing the assessment, no addition for any income escaping ass... ... ...


  • 2014 (6) TMI 284 - ITAT DELHI

    Additions regarding non-furnishing of complete details on account of concealed income Held that - No return of income had been filed by the assessee for the year under consideration, contending that his income for the year under consideration was bel... ... ...


 
   
 
 
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