Estimation - Judgment Search Results

Board of Estimate of Nyc Vs. Morris

Court : US Supreme Court

..... of a 132 9 deviation was correct held the board of estimate s structure is inconsistent with the equal protection clause of ..... we reject the city s suggestion that because the board of estimate is a unique body wielding nonlegislative powers board membership elections ..... structure powers and functions of new york city s board of estimate 1973 app 54 kramarsky study footnote 5 similarly we reject .....

inspecting Assistant Vs. Jhalani and Co.

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (1989)31ITD55(Delhi)

..... of evidence being acknowledged it was required to be accepted that the revised estimate was filed if revised estimate filed is taken into account the difference between the assessed income after appeal ..... was emphasised that the assessee had not paid advance tax even after filing the revised estimate before the financial year ended in any case the inspecting assistant commissioner had rectified the .....

Ram Chand Ram Kishen Chawla Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (1992)40ITD141(Delhi)

..... assessee it was argued before the learned appellate assistant commissioner that income was returned on estimate basis and that was subsequently revised by applying various net profit rates of the last ..... that there is no impropriety or illegality in initiating the proceedings where the income was estimated it is also observed therein that the onus of establishing concealment in penalty proceedings was .....

income-tax Officer Vs. Kamal Engg. Works.

Court : Delhi

Reported in : [1989]30ITD123(Delhi)

..... facts normally penalty could not be levied for additions made on estimate unless it could be shown that an element of concealment was ..... as we have already seen it was a matter of one estimate over another without there being any specific material or finding to ..... opinion observation of the cit appeals that addition is merely on estimate is wrong there is positive evidence of sales having not been .....

Sarabhai Foundation Vs. Income-tax Officer.

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (1989)30ITD23(Ahd.)

..... he was constrained to reject the book results and to estimate the income and expenditure on the basis of the material ..... and expenditure resulting in the loss should be accepted for the estimate by the iac as reduced by the commissioner appeals should ..... yield appers tobe toolow what is necessary for an estimate is areliable basis for estimate such as comparable instances or opin6ons of person .....

income Tax Officer Vs. Oswal Emporium.

Court : Delhi

Reported in : [1989]30ITD241(Delhi)

..... by the assessed was reasonable vi nor was the ito correct in estimating the effective sales at rs 34 lakhs as against rs 33 20 ..... iac taking the case of subhash emporium supra as a yardstick and estimating the gross profit at 44 per cent no material worth the name ..... been brought on recorded by the ito in support of such an estimate the undisputed fact remains that not a signal discrepancy in the trading .....

J. K. K. Natarajah Vs. Wealth-tax Officer.

Court : Chennai

Reported in : [1990]32ITD370(Mad)

..... was allowed towards depreciation on the basis of the building by estimating the life of the building as ranging from 45 years in ..... adopting the rates b depreciation allowed on the basis of an estimated life of these structures ranging from 45 years in respect ..... limited marketability requires to be granted from the value of lands estimated by the valuation officers but buildings plant and machinery put .....

Commissioner of Income-tax Vs. Calcutta Steel Co. Ltd.

Court : Kolkata

Reported in : [1991]191ITR691(Cal)

..... evidence and irrelevant materials to come to the finding that the estimate of advance tax payable furnished by the assessee on september ..... assessee s plea was that after the preparation of the revised estimate the assessee received a circular from the association under which ..... windfall could not be taken into consideration in preparing the estimate 5 the income tax officer on enquiry found that an .....

income-tax Officer Vs. General Investment Co. Ltd.

Court : Income Tax Appellate Tribunal ITAT Kolkata

Reported in : (1989)29ITD1(Kol.)

..... to invoke section 154 because that would virtually amount to computing the net income by estimating the allowable expenditure by adopting a certain formula and such a method or formula could ..... income tax officer to suppose that some expenditure was incurred in earning dividends and in estimating it arbitrarily he therefore held that there was no mistake apparent from the original assessment .....

British Airways Vs. Commissioner of Income-tax.

Court : Kolkata

Reported in : (1992)92CTR(Cal)227,[1992]193ITR439(Cal),[1992]54TAXMAN470(Cal)

..... made 4 the amount of tax shall be calculated on the estimated income of the assessee under the head salaries for the relevant ..... but will also include various other things including perquisites and the estimate is to be made in accordance with the provisions contained in ..... of the tax deductible will have to be made on the estimated salary income of the employee for the relevant financial year according .....