Accounting Year - Judgment Search Results

O.N.G.C. Vs. Inspecting Assistant

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (1989)29ITD422(Delhi)

..... that such as understanding was arrived at on 24 12 1981 the accounting year of the assessees ended on 31 3 1982 if section 44b was ..... be received in india by or on behalf of the assessee on account of the carriage of passengers livestock mail or goods shipped at any ..... place are for the use and hire of the place not on account of marriage the learned counsel for the assessee contended that this ruling .....

Ardee Finvest (P) Ltd. Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Delhi

..... whether the loan is repaid before the end of the accounting year or not the learned departmental representative submitted that a benefit ..... act 1956 the balance sheet was audited by the chartered accountant in conformity with the provisions of the companies act 1956 ..... the amount was reflected as such in the balance sheet accounts were prepared perfectly in accordance with the norms set out .....

Srj Securities Ltd. Vs. Assistant Commissioner of

Court : Income Tax Appellate Tribunal ITAT Delhi

..... in the sale and purchase of shares for themselves for the assessment year 1997 98 for which the relevant accounting year is 1996 97 the assessee filed its return of income and in ..... of the assessee where under it was argued that in the previous years identical claims of the assessee on account of losses suffered in similar manner have been allowed and therefore there .....

Ardee Finvest (P.) Ltd. Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Delhi

..... whether the loan is repaid before the end of the accounting year or not the learned departmental representative submitted that a benefit ..... act 1956 the balance sheet was audited by the chartered accountant in conformity with the provisions of the companies act 1956 ..... the amount was reflected as such in the balance sheet accounts were prepared perfectly in accordance with the norms set out .....

Paramount Enterprises Ltd. Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Delhi

..... market price being far lower on the closing date of the accounting year it could have valued its closing stock at the market rate ..... before due dates along with its annual audited accounts and assessment for each of the years were regularly made on the return of income ..... was not even an allegations that the assessee suffered loss on account of arranged shares transactions and on the contrary it was .....

Assistant Commissioner of Vs. Gallium Equipment (P.) Ltd.

Court : Income Tax Appellate Tribunal ITAT Delhi

..... commercial expediency the appellant imported such spare parts and sold them during the accounting years relevant to the assessment years in question the tribunal therefore held in favour of the appellant on a ..... has netted both the interests and then it was reflected in the profit amp loss account the assessing officer has allowed the deduction while passing assessment under section 143 3 however .....

Hem Raj Vijay Kumar and Co. Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (2001)78ITD304(Delhi)

..... by the assessing officer after detailed examination it was emphasised that adoption of calendar year as the accounting year was in pursuance to the memorandum of association and the option exercised by the ..... aop for the option of the assessee in adopting any particular period as the previous year .....

Dy. Cit Vs. Allen Bradley India Ltd.

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (2002)80ITD43(Delhi)

..... noticed that total liability for payment of interest incurred by the appellant during the relevant accounting year was rs 53 59 328 the ao further noted that certain amounts had been ..... s chaturveti estates the confirmation letter from respective parties were produced along with the annual accounts and list of shareholders certificates regarding the investment were also filed along with cheque .....

Deputy Commissioner of Income Tax Vs. the Co-operative Stores Ltd.

Court : Income Tax Appellate Tribunal ITAT Delhi

..... in form no 28a on 15th june 1984 showing income of rs 20 lakhs its accounting year ended on 30th june 1984 penalty prbceeding under section 273 1 b of the act ..... on 15th june 1984 i e near to the close of the accounting year the assessee could have taken into account the income of rs 40 16 lakhs for non trading activities as .....

Greater Ashoka Land and Dev. Co. (P.) Vs. Assistant Commissioner of

Court : Income Tax Appellate Tribunal ITAT Delhi

..... of the customers further the expenditure incurred on the project till the end of the accounting year was also available on the record the estimated expenditure yet to be incurred on the ..... of stock in trading at the beginning and at the end of the accounting year had to be taken into account this decision has been sought to be distinguished by the id counsel .....