 Judiciary
Displaying 20 - 30 of 1454 in 146 pages
By CS Bijoy On 13 May 2013 at 12:33
On the facts and in the circumstances of the case, the ld.CIT(A) has erred in deleting the addition of Rs.15,00,000/- made by the Assessing Officer u/s 68 of I.T.Act, 1961 in respect of unexplained cash credits without appreciating the fact that the ... Continue Reading
Posted in
Income Tax | 0 comments | 3896 hits
By CS Bijoy On 11 May 2013 at 11:11
That on the facts and in the circumstances of the case, the Assessing Officer had erred in invoking provision of section 50C of the I.T. Act thereby computing the long term capital gain at Rs. 74,15,381/-. The Ld. Commissioner of Income Tax (A) is al... Continue Reading
Posted in
Income Tax | 0 comments | 2380 hits
By CS Bijoy On 10 May 2013 at 13:15
However at the time of hearing, no one was present on behalf of the assessee. The appeal was passed over twice. Despite the same, neither the assessee was present nor any request for adjournment has been placed before the Bench. The record shows that... Continue Reading
Posted in
Income Tax | 0 comments | 2147 hits
By CS Bijoy On 09 May 2013 at 13:49
Brief facts of the case are that assessee was running a proprietary business as whole seller at Nainital. It had filed its return of income declaring total income of Rs. 1,90,000/-. The Assessing Officer, vide order sheet entry dated 19th August, 200... Continue Reading
Posted in
Income Tax | 0 comments | 484 hits
By CS Bijoy On 08 May 2013 at 12:24
The assessee has raised various grounds in its appeal. However, at the time of hearing before us, the main contention of the learned counsel for the assessee was for setting aside the matter to the file of the Assessing Officer or the CIT(A). He subm... Continue Reading
Posted in
Income Tax | 0 comments | 316 hits
By CS Bijoy On 07 May 2013 at 13:41
On the facts and circumstances of the case the ld.CIT(A) erred in deleting the addition of Rs.2,26,248/- made on account of jewellery by ignoring that no investment in jewellery was disclosed and no wealth tax return was filed.
On the facts and c... Continue Reading
Posted in
Income Tax | 0 comments | 409 hits
By CS Bijoy On 06 May 2013 at 12:08
However, at the time of hearing before us, it was pointed out by the learned counsel that the learned CIT(A) had allowed only part relief and, therefore, against the addition sustained at `3,45,914/-, the assessee had filed appeal before the ITAT. Th... Continue Reading
Posted in
Income Tax | 0 comments | 371 hits
By CS Bijoy On 04 May 2013 at 13:08
We draw the attention of the ld. DR regarding the tax effect on the deletion of addition of Rs.9,05,643/- which is less than Rs. 3.00 lakh. This position is admitted by the ld. D.R. Therefore, as per the Instruction No. 3/2011 dated 09.02.2011 the re... Continue Reading
Posted in
Income Tax | 0 comments | 389 hits
By CS Bijoy On 03 May 2013 at 15:11
On the facts and in the circumstances of the case, the ld.CIT(A) has erred in law and facts in deleting the addition of Rs.4,070302/- made by the AO on account of disallowance of car maintenance expenses.” Continue Reading
Posted in
Income Tax | 0 comments | 324 hits
By CS Bijoy On 02 May 2013 at 12:56
The appeal was fixed for hearing on 21.11.2011 when the case was adjourned at the request of the assessee’s counsel to 22.03.2012. Thereafter, the Bench did not function and the hearing was fixed on 25.07.2012. On 25.07.2012, the matter was adjourned... Continue Reading
Posted in
Income Tax | 0 comments | 325 hits
|
