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Displaying 30 - 40 of 1437 in 144 pages

The notice not received back as unserved is enough to treat served and than non appearance cannot consider

By CS Bijoy On 29 November 2012 at 12:10

Despite sending notice by the registered post AD sufficiently in advance, assessee did not appear nor any request for adjournment has been received. The notice has also not been received back unserved. Therefore, it is inferred that assessee is not i...

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Posted in Income Tax | 0 comments | 7217 hits


Once the asset merges in block of assets is entitled to get depreciation till the block of asset equals to zero or company is closed

By CS Bijoy On 28 November 2012 at 12:29

Fact of the case is depreciation on block of asset.

Posted in Income Tax | 0 comments | 6801 hits


On the basis of personal indisposition principle of opportunity of being heard cannot be denied

By CS Bijoy On 28 November 2012 at 12:28

In support of ground No. 3 the Ld. AR submitted that the counsel of the assessee had been appearing before the Ld. CIT(A) to cooperate with the first appellate authority and only on 15.3.2010 the counsel of the assessee could not appear before the Ld...

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Posted in Income Tax | 0 comments | 4378 hits


Sending of submission of assessee to AO for remand report is enough to avoid contravention of rule 46A

By CS Bijoy On 27 November 2012 at 15:51

During the year the assessee company had raised unsecured loans of ` 96,65,438/-, the source of which remains unverified in view of the facts that no details with regard to the same is available. Hence, the same are disallowed and added back to the i...

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Posted in Income Tax | 0 comments | 3926 hits


Non-mention in order does not mean that submission not considered

By CS Bijoy On 27 November 2012 at 15:50

In the present application, the assessee has contended that in the aforesaid order, a typographical mistake has crept in inasmuch as in para 10 of our said order, we have wrongly extracted the portion of para 3 of the CIT (A)’s order, taking it to be...

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Posted in Income Tax | 0 comments | 2763 hits


Applicability of section 44AE is depend upon fulfillment of condition prescribed

By CS Bijoy On 26 November 2012 at 13:25

the relevant facts as available from the concerned orders are that the assessee, during the year, was engaged in the business of plying of trucks/tankers to various oil companies and derived income from house property also. He declared income on nine...

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Posted in Income Tax | 0 comments | 3234 hits


Treatment of income from house property of director

By CS Bijoy On 26 November 2012 at 13:24

The brief facts about the case are that assessee is an individual and she filed her return of income for the Assessment Year 2007-08 declaring total income of Rs.1,66,425/-. The income consisted of salary income from Shashi International Pvt. Ltd. in...

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Posted in Income Tax | 0 comments | 2064 hits


Claim made through invalid revised return can also be considered

By CS Bijoy On 24 November 2012 at 12:45

The appellant has raised following grounds of appeal:- (1) “The learned CIT(A) has grossly erred on the facts of the case and in law upholding disallowance of actual incurred expenditure of Rs.3,20,514/- being the management fee paid to ICICI Prud...

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Posted in Income Tax | 0 comments | 1402 hits


The Court is not bound to answer in the negligence of appellant

By CS Bijoy On 24 November 2012 at 12:45

This case was listed for hearing before the Tribunal on 15-10-2012 and for this assessee was informed. Today i.e. on 15-10-2012 when the case was called on board, none appeared on behalf of the assessee nor any request for adjournment has been filed ...

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Posted in Income Tax | 0 comments | 1084 hits


It is enough to proved the source of investment

By CS Bijoy On 23 November 2012 at 12:55

The facts as per the relevant orders are that a search was conducted on the assessee on 15.01.2009, together with searches in the Gopal Zarda group of cases. The assessee individual is a partner in certain firms and has, during the year, derived inco...

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Posted in Income Tax | 0 comments | 614 hits




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