Deducible - Judgment Search Results

Amulya Oils and Chemicals Vs. Deputy Commissioner of

Court: Income Tax Appellate Tribunal ITAT Hyderabad

Reported in: (1996)57ITD50(Hyd.)

..... 1 when he is satisfied that it is not possible to deduce profits properly from the method of accounting employed by the assessee ..... be considered having held earlier that it is not possible to deduce correct profits from the method of accounting adopted by the assessee ..... that from the method adopted by the appellant profits cannot be deduced properly at the most the assessing of ficer can make some .....

K.S. Mehta (Huf) Vs. Commissioner of Income Tax

Court: Kolkata

Reported in: (2005)195CTR(Cal)293,[2005]278ITR59(Cal)

..... maintained accurately and completely unless it was not possible to deduce the income out of such accounting the system of accounting ..... inaccurate or incomplete or that income was not possible to be deduced from such system of accounting whether such system of accounting ..... but even then it had ignored the system and attempted to deduce the income under the mercantile system it had figured different .....

Ashoke Refractories (P) Ltd. Vs. Commissioner of Income Tax

Court: Kolkata

Reported in: (2005)199CTR(Cal)115,[2005]279ITR457(Cal)

..... such that from the accounts maintained the income could not be deduced though the accounts were not found to be incorrect or ..... tribunal had expressed a view that the income could not be deduced from the accounts maintained he also pointed out that the assessee ..... duty was avoided therefore from these materials the accounts could be deduced having regard to the accounts reflected in the books of .....

Joint Cit Vs. Pact Securities and Financial Ltd.

Court: Income Tax Appellate Tribunal ITAT Hyderabad

Reported in: (2003)86ITD115(Hyd.)

..... method of accounting employed by the assessee is such that the income cannot be properly deduced therefrom he disallowed the deduction in respect of lease terminal adjustment account amounting to ..... institute of chartered accountants of india is not one from which correct profit cannot be deduced this is an internationally accepted method having the sanction of the institute of chartered accountants .....

Kesavananda Bharati Sripadagalvaru and ors.Vs. State of Kerala and anr ...

Court: Supreme Court of India

Reported in: AIR1973SC1461; (1973)4SCC225; [1973]SuppSCR1

..... affairs notwithstanding its incidental mischiefs is the breath of life for parliamentary institutions he deduces authority to protect it from the principle that the powers requisite for the ..... prohibition against compulsory acquisition of property without public necessity and payment of compensation was deducible from what he called the spirit of the constitution which according to him was .....

Asstt. Cit Vs. Kishore Lal Balwant Rai

Court: Income Tax Appellate Tribunal ITAT Chandigarh

..... dalal on the basis of his statements the assessing officer has deduced that the assessee in question has lent monies to various ..... 132 or 132a respectively another premise which can be safely deduced from the decision of the hon ble supreme court is ..... the seized material must be ensured by the assessing officer before deducing therefrom that it depicts undisclosed income belonging to such other .....

Jones (Appellant) Vs. Kernott (Respondent)

Court: UK Supreme Court

..... common intention that their respective shares would change 3 their common intention is to be deduced objectively from their conduct the relevant intention of each party is the intention which was ..... no presumption of joint beneficial ownership but their common intention has once again to be deduced objectively from their conduct if the evidence shows a common intention to share beneficial ownership .....

United States Vs. Cortez

Court: US Supreme Court

..... had been two weeks since the latest crossing chevron they deduced was therefore due reasonably soon chevron tended to travel on ..... at which chevron would likely rendezvous with a pickup vehicle they deduced from the direction taken by the sets of chevron footprints ..... border patrol officers in this case knew or had rationally deduced that chevron had repeatedly shepherded illegal aliens up from the .....

Reliance Industrial Vs. Joint Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Mumbai

..... an assessee regularly follows a particular method of accounting from which income can properly be deduced the method of accounting followed by the assessee is binding on the it authorities and ..... regularly employed and by appropriate adjustments from the accounts maintained taxable profit may properly be deduced the ito is bound to compute the profits in accordance with the method of accounting .....

Deputy Commissioner of Income Tax Vs. Nagarjuna Investment Trust Ltd.

Court: Income Tax Appellate Tribunal ITAT Hyderabad

Reported in: (1998)65ITD17(Hyd.)

..... the income profits and gains of the assessee could properly be deduced therefrom he further submitted that the hon ble supreme court ..... accounting to consider whether income profits and gains can properly be deduced therefrom and to proceed according to his judgment on this ..... facts of the present case as true profits can be properly deduced from the books of account maintained by the assessee the .....