Estimation - Judgment Search Results

Rathnam and Co. Vs. Inspecting Assistant Commissioner and anr.

Court: Chennai

Reported in: (1980)14CTR(Mad)310; [1980]124ITR376(Mad)

..... of the income according to the counter affidavit the acceptance of the estimate made by the ito will show that the gross profit has ..... the question for consideration is whether the acceptance of the gross profit estimated by the ito for the assessment year 1963 64 by the ..... and the assessees themselves agreed that the net profit had to be estimated 4 it is on this basis the first respondent imposed the .....

Commissioner of Income-tax Vs. City Palayacot Co.

Court: Chennai

Reported in: (1980)15CTR(Mad)365; [1980]122ITR430(Mad)

..... ended on 12th april 1965 the assessee should ordinarily have filed an estimate of the advance tax payable under section 212 3 during the ..... based either on the demand by the ito or on the estimate by the assessee was given credit in the assessment actually made ..... the charge of interest with reference to the deficiency in the estimate subsequently a proviso was attached to section 18a 6 giving power .....

Thor Power Tool Vs. Commissioner

Court: US Supreme Court

..... accord with generally accepted accounting principles what it regarded as excess inventory to its own estimate of the net realizable value generally scrap value of the excess goods mostly spare parts ..... and expenses may be better matched footnote 21 financial accounting in short is hospitable to estimates probabilities and reasonable certainties the tax law with its mandate to preserve the revenue can .....

Bireshwar Mookerji and ors. Vs. Inspecting Assistant Commissioner of W ...

Court: Allahabad

Reported in: [1982]135ITR29(All)

..... properties in respect of which references have been made as estimated by the valuation officers were binding on him and consequently ..... by the assessee and other relevant material the valuation as estimated by the valuation officer either on acceptance as correct that ..... who has to complete the assessment in conformity with such estimate 13 we shall now straightaway consider the submissions made by .....

Controller of Estate Duty Vs. Estate of Late Mohd. Sultan

Court: Andhra Pradesh

Reported in: [1981]127ITR277(AP)

..... death and shall not make any reduction in the estimate on account of the estimate being made on the assumption that the whole property ..... civil court at the date of the deceased s death the estimated value can never be below the figure quantified by the collector ..... court finally held pp 32 33 the assessing authority will have to estimate the value having regard to the peculiar nature of the property .....

Satyendra Chunder Ghose Vs. Wealth-tax Officer and ors.

Court: Kolkata

Reported in: [1980]126ITR102(Cal)

..... p 7 chowringhee square calcutta 700069 for determining the detailed estimate of cost of construction and fair market value of the ..... is concerned proceed to complete the assessment in conformity with the estimate of the valuation officer 7 mr bhattacharya has firstly submitted ..... on the assessee intimating the value which he proposes to estimate and give an opportunity to the assessee to state his .....

M.C. Khunnah Vs. Union of India (Uoi) and ors.

Court: Allahabad

Reported in: [1979]118ITR414(All)

..... an earlier notice and issue a fresh notice disclosing adifferent provisional estimate of the property no principle of res judicata estoppel or ..... earlier notice and issues a fresh one containing a different provisional estimate no prejudice is caused to him and he is in ..... assessee in his appeal can challenge the correctness of the estimate of the valuation reported by the valuation officer when the .....

Premji Bhai Parmar and ors. Vs. Delhi Development Authority and ors.

Court: Supreme Court of India

Reported in: AIR1980SC738; (1980)2SCC129; [1980]2SCR704

..... in reply briefly recapitulating the same it may be mentioned that initial estimates for 304 mig flats in prasad nagar area were prepared in ..... by the vice chairman on september 18 1976 according to the revised estimate the approximate disposal cost for each flat came to rs 68 ..... been set out in the affidavit in reply the subsequent revised estimates show that disposal price of each flat would be rs 75 .....

Commissioner of Income-tax Vs. American Consulting Corporation

Court: Orissa

Reported in: 48(1979)CLT478; (1980)14CTR(Ori)193; [1980]123ITR513(Orissa)

..... that the rejection of accounts was not justified and therefore estimate could not be resorted to it pointed out that the ..... was not justified in rejecting the accounts and resorting to estimates the tribunal in the cirumstances accepted the accounts the tribunal ..... justified in rejecting the book results and resorting to the estimate without properly examining the statement filed before him we therefore .....

Commissioner of Wealth-tax Vs. G.M. Omar Khan

Court: Andhra Pradesh

Reported in: (1980)19CTR(AP)150; [1981]127ITR543(AP)

..... d act under which the estate of the deceased has to be estimated for the purpose of levy of estate duty dealing with the ..... a civil court at the date of the deceased s death the estimated value can never be below the figure quantified by the collector 4 ..... date of the deceased s death the assessing authority will have to estimate the value having regard to the peculiar nature of the property its .....