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Income Tax Case Laws - Section: 145

Cases for Section: 145
Showing 1 to 15 of 1872 Records

2015 (7) TMI 207 - ITAT DELHI

Gondwana Enterprises Versus Income Tax Officer, Ward 30 (1) , New Delhi

Addition in the Trading Account - books of accounts not rejected - Held that - In the present case, it is an admitted fact that the AO worked out the figures of sales by adding the Gross Profit in the figure of the sales shown by the assessee. Howeve.....

2015 (6) TMI 763 - ITAT DELHI

Asstt. Commissioner of Income-tax, Circle-2, Ghaziabad and others Versus Vijay Kumar Goel and others

Bogus purchases - AO made the addition only on the basis of statement of Sh. Surendra Kumar Sharma which was retracted later on by stating that no bogus entries were provided either to the assessee or any other person - CIT(A) directed the AO to appl.....

2015 (6) TMI 644 - ITAT DELHI

ACIT, CIRCLE-24 (1) , New Delhi Versus M/s Ess Ell Cables Co.

Addition on fall in G.P. rate - CIT(A) deleetd the addition - Held that - Working of gross profit must necessarily take into account the opening and closing stock, and direct expenses, and not only be based on comparison of purchase prices of raw mat.....

2015 (6) TMI 676 - ITAT MUMBAI

Punjab Sind Diary Products Pvt Ltd Versus Dy. CIT, C C-33, IT Offices, Central Circle

Rejection of books of accounts - addition on undisclosed income - whether the books of account of the assessee have been rightly rejected u/s 145(3) on the ground that assessee is showing bogus sale of milk in its book in order to suppress the produc.....

2015 (6) TMI 630 - ITAT DELHI

Nilgiri Cultivations Pvt. Ltd. (now known as DLF Utilities Ltd.) Versus DCIT, Circle 13 (1) , New Delhi

Disallowance of the loss on expenditure on account of Stamp Papers purchased for buying Stock of Lana by Companies amalgamated with the Appellant Company but which could not be utilized. - Held that - In the mercantile system of accounting expenses o.....

2015 (6) TMI 631 - ITAT DELHI

DCIT, CC-13, New Delhi Versus Mohan Proteins Ltd.

Addition on cash seized from Shri Ghanshyam Sharma - CIT(A) deleted the addition - Held that - There is no dispute that Shri Deepak Aggarwal, Director of MIs Continental Milkose India Ltd had accepted the fact of having sent the cash of ₹ 1,75,.....

2015 (6) TMI 639 - ITAT MUMBAI

Mr. Vasant R. Shinde Versus ITO 19 (1) (4)

Appeal decided ex-parte - Held that - The appeal of the assessee was decided ex-parte on the basis of material on record. In the absence of the assessee having explained reason for non attendance before the CIT(A) on different dates of hearing, we fi.....

2015 (6) TMI 712 - ITAT AHMEDABAD

Income-tax Officer, Ward-1 (1) , Baroda Versus M/s Cube Mines & Minerals (P) Ltd, Baroda.

Difference in valuation of closing stock - CIT(A) deleted addition - Revenue argued that the assessee company had not shown any finished or sorted material in the return of income - Held that - The assessee has placed a paper book containing its audi.....

2015 (6) TMI 679 - BOMBAY HIGH COURT

Hindustan Unilever Ltd. Versus The Additional Commissioner of Income Tax Range-1 (1) , Mumbai And Another

Appeal is admitted with regard to Question A and G . br br Whether the Tribunal was justified in holding head office expenditure over and above what had already been allocated by the appellant was required to be further allocated for the purposes of .....

2015 (6) TMI 562 - ITAT LUCKNOW

Ekta Dairy Pvt. Limited and others Versus Income Tax Officer-6 (1) , Kanpur and others

Addition on account of gross profit - books of account rejected u/s 145 on the basis that the closing stock shown by the assessee in balance sheet and the closing stock figure submitted to bank is different and closing stock shown to bank is much hig.....

2015 (6) TMI 525 - ITAT HYDERABAD

Asmitha Microfin Ltd. Hyderabad Versus Addl. Commissioner of Income Tax, Range-1, Hyderabad.

Accrual of income - Addition on gain on assignment of loan portfolio - sale of portfolio - Held that - This issue involved in the appeal of the assessee is squarely covered in favour of the Revenue and against the Assessee by the decision of Coordina.....

2015 (6) TMI 128 - ITAT DELHI

Air Liquide India Holding P. Ltd. Versus Income Tax Officer, Ward 1 (3) , New Delhi

Disallowance u/s 40A(2) - 25 per cent of the total increase in the salary of the managing director - Held that - A plain reading of the provisions of sec. 40A(2) of the Act, suggest that for making the disallowance under the provisions, the Assessing.....

2015 (7) TMI 112 - ITAT RAJKOT

Backbone Construction P Ltd And Others Versus Deputy Commissioner of Income Tax, Central Circle-2, Rajkot And Others

Estimation of net income at the rate of 16 - Held that - The estimate of net income from the contract work at the rate of 16 of the turnover was without any basis. We find that as per the provisions of section 44AD of the Income Tax Act, net profit f.....

2015 (6) TMI 888 - ITAT AHMEDABAD

ACIT, Central Circle-1, Baroda Versus M/s. Atlanta Electricals (P) Ltd

Estimation of income - G.P. addition on account of unaccounted sale of stock - CIT(A) restricted addition - whether the GP rate of 10 is to be applied or the GP rate of 30.87 is to be applied on the sale of stock presumed to have been made outside th.....

2015 (6) TMI 490 - ITAT HYDERABAD

M/s. Namitha Constructions, Hyderabad Versus Commissioner of Income-Tax, Vijayawada

Revision u/s 263 - CIT has considered the assessment order to be erroneous and prejudicial to the interests of revenue appears to be the rate of profit adopted by AO, which according to ld. CIT, should have been 12.5 on main contract and 8 on sub-con.....

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