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Commissioner of Income Tax Versus Shri Som Dutt Gargi

2010 (8) TMI 1063 - PUNJAB AND HARYANA HIGH COURT

ITA No. 65 of 2002 - Dated:- 12-8-2010 - ADARSH KUMAR GOEL AND AJAY KUMAR MITTAL JJ. Ms. Savita Saxena, Advocate for the Appellant. ORDER Ajay Kumar Mittal, J. 1. This appeal has been preferred by the revenue under Section 260A of the Income Tax Act, .....

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the following substantial question of law:- Whether, on the facts and in the circumstances of the case, the Appellate Tribunal is right in law in dismissing the appeal of the revenue and allowing interest when net profit rate was applied? 2. The fact .....

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er filed revised return on 28.11.1991 declaring an income of ₹ 4,53,860/-. During the course of assessment proceedings, the Assessing Officer found that the assessee had not maintained day to day records of workin- progress viz stock register o .....

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Government departments and month-wise expenditure under different heads. The Assessing Officer invoked proviso to Section 145 (1) of the Act and applied net profit rate of 10% on the receipts and disallowed the interest and depreciation. The assessee .....

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