Rejection of books of accounts - Suppressed production - ...

Income Tax

May 27, 2020

Rejection of books of accounts - Suppressed production - determination of quantum of clay which can be extracted/produced from mines - there is no material on record which highlight dispatches from the mines without paying the requisite royalty.There is no basis for alleging suppression of production by the assessee and the findings of the lower authorities are hereby set-aside.

View Source

← Previous Next →

Rejection of books of accounts - Suppressed production - ...

Income Tax

May 27, 2020

You may also like:

Classification - Grant of mining lease for extracting Mineral called “BLACKTRAP” - payment of rent/royalty is for license given to extract minerals and the amount of...

Addition made on account for rejection of books u/s 145 - AO has given one hour to produce details - Case remand back to AO - AT

Disallowances of certain expenditure - Mere production of ledger extract without supporting bills and vouchers would not absolve the assessee from proving the...

Classification of the product manufactured - Calcined China Clay - merely because the product of assessee, i.e., China Clay is calcined, it would not put it out of...

Production capacity based duty - Abetment of Duty – no production for a period of 36 day - Pan Masala Packing Machine (Capacity determination and collection of duty)...

Clandestine removal of goods - electricity bills disclosed the actual consumption of electricity and the Revenue has been able to show that the appellants suppressed...

CE, Production based duty, Rule 5 of 1997 Rules will be attracted for determination of the annual capacity of production, orders of HC & CESTAT reversed, SC

Addition on account of suppressed production on the basis of electricity consumption - the AO failed to appreciate the facts and did not attempt to establish a direct...

Suppression of profit -project was not completed - Once the income is not assessable, the question of determination of quantum of income from the said project is only...

Consideration for the services - Valuation - Mining services - whether entitlement towards “Cost Petroleum” under the “Production Sharing Contract” can be treated as...

Quick Updates: