GST Helpdesk   Subscription   Demo   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
What's New Case Laws Highlights Articles News Forum Short Notes Statutory TMI SMS More ...
Extracts
Home List
← Previous Next →

2016 (6) TMI 1041 - GUJARAT HIGH COURT

2016 (6) TMI 1041 - GUJARAT HIGH COURT - TMI - Addition on account of low gross profit - Held that:- As decided in assessee's own case for the assessment year 2001-2002 [2015 (1) TMI 615 - GUJARAT HIGH COURT] there were no discrepancies or defects pointed out in the books of account and further that they were regularly maintained and also on the finding that there was no material brought on record to establish that purchases or expenses were inflated or sales suppressed and also in view of the f .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

appeal, the appellant-revenue has challenged the order dated 30/12/2005 made by the ITAT in ITA No.2271/Ahd/2005 for the assessment year 2002-03, whereby the order passed by the CIT (Appeals) came to be confirmed which has reversed the order passed by the Assessing Officer. 2. The short question raised in this appeal is against the deletion of addition of ₹ 2,78,74,400/- made by the Assessing Officer on account of low gross profit. The Assessing Officer did not accept the explanation given .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

wed and appeal preferred by the revenue was dismissed. 2.2 For the said subject matter, for the assessment year 2001-2002, the revenue has preferred Tax Appeal No.1412 of 2005 and Tax Appeal No.1413 of 2005 before this Hon'ble Court and this Court vide its judgment dated 15/12/2014 has answered in favour of the assessee and against the Department. Relevant discussion made in paragraph Nos.4.1 reads as under: 4.1 In support of his case, he relied on decision of Rajashthan High Court in Commis .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

levant portion of the decision of this Court in Vikram Plastics (supra) is extracted hereunder: Learned Counsel appearing for the applicants has taken us through the relevant material on record. It was contended by him that the provisions of Section 145(2) of the said Act were rightly invoked by the Assessing Officer and the Tribunal ought not to have taken a different view of the matter. In this regard, we note that the Tribunal has specifically considered the provisions of Section 145 in parag .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Latest Notifications:

    Dated      Category

20-7-2017 Cus (NT)

20-7-2017 GST CESS Rate

19-7-2017 IT

19-7-2017 IT

18-7-2017 IT

18-7-2017 CE (NT)

18-7-2017 CE

18-7-2017 GST CESS Rate

15-7-2017 Kerala SGST

14-7-2017 Andhra Pradesh SGST

14-7-2017 Cus (NT)

14-7-2017 Cus

13-7-2017 Co. Law

13-7-2017 Co. Law

13-7-2017 ADD

13-7-2017 ADD

12-7-2017 Jammu & Kashmir SGST

12-7-2017 Gujarat SGST

12-7-2017 Gujarat SGST

12-7-2017 CGST Rate

More Notifications


Latest Circulars:

19-7-2017 Goods and Services Tax

19-7-2017 Income Tax

18-7-2017 Customs

17-7-2017 Customs

14-7-2017 Income Tax

13-7-2017 Central Excise

13-7-2017 Customs

13-7-2017 Central Excise

13-7-2017 Customs

12-7-2017 Goods and Services Tax

More Circulars



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version