Guwahati Court November 1996 Judgments
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Abc India Ltd. Vs. Deputy Commissioner of Income Tax
Court: Income Tax Appellate Tribunal ITAT Guwahati
Decided on: Nov-29-1996
1. This appeal is filed by the assessee and the relevant assessment year involved is 1990-91. "1. That for the facts and under the circumstances the CIT(A), Guwahati, has erred in enhancing the total income on account of Budha statue contract by Rs. 43,20,360. 2. That for the facts and under the circumstances the CIT(A) has further erred in not deleting the addition of Rs. 26,60,476 as made by Dy. CIT in relation to aforesaid budha statue contract." 3. Briefly stated the facts of the case are that the assessee is a limited company and the AO made the assessment order under s. 143(3) of the IT Act, 1961. Return of income was filed on 28th Dec., 1990, showing total income of Rs. 66,73,100 which was subsequently revised by filing revised return of income on 27th June, 1991, showing total income at Rs. 67,51,100. The business of the assessee-company was transportation of goods as in the earlier years.4. The AO found that the assessee had a contract for transportation and installation of a...
Abc India Ltd. Vs. Deputy Commissioner of Income Tax.
Court: Guwahati
Decided on: Nov-29-1996
N. PACHUAU, A. M. :This appeal is filed by the assessee and the relevant assessment year involved is 1990-91.2. Ground Nos. 1 and 2 taken by the assessee are as below :"1. That for the facts and under the circumstances the CIT(A), Guwahati, has erred in enhancing the total income on account of Budha statue contract by Rs. 43,20,360.2. That for the facts and under the circumstances the CIT(A) has further erred in not deleting the addition of Rs. 26,60,476 as made by Dy. CIT in relation to aforesaid budha statue contract."3. Briefly stated the facts of the case are that the assessee is a limited company and the AO made the assessment order under s. 143(3) of the IT Act, 1961. Return of income was filed on 28th Dec., 1990, showing total income of Rs. 66,73,100 which was subsequently revised by filing revised return of income on 27th June, 1991, showing total income at Rs. 67,51,100. The business of the assessee-company was transportation of goods as in the earlier years.4. The ...
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