Estimation - Year 1990 - Judgments

Feb 28 1990 (TRI)

Mrs. C. M. Rebello Vs. Second Income-tax Officer.

Court: Income Tax Appellate Tribunal ITAT

Decided on: Feb-28-1990

Reported in: (1990)33ITD624(Bang.)

..... 209a and to pay advance tax on the basis of such estimate the required estimate under sub section 4 is to be filed by the ..... tax or for any other reason the advance tax computed on the estimated current income exceeds the advance tax liability as per the statement ..... statement of advance tax even though the liability computed on the estimated current income in the case of the assessee had not exceeded .....

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Sep 03 1990 (TRI)

Dewan Rubber Industries Vs. Inspecting Assistant

Court: Income Tax Appellate Tribunal ITAT Delhi

Decided on: Sep-03-1990

Reported in: (1991)36ITD152(Delhi)

..... within time according to the assessing officer assessee has under estimated the advance tax payable by him and accordingly thereby ..... revised voluntarily the learned counsel further pointed out that first estimate of income was filed on 15th september 1982 relying on ..... interest under section 216 is chargeable only when assessee under estimates the income to reduce the liability of payment of first .....

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Nov 07 1990 (TRI)

inspecting Assistant Vs. Barmalt India (P.) Ltd.

Court: Income Tax Appellate Tribunal ITAT Delhi

Decided on: Nov-07-1990

Reported in: (1991)36ITD269(Delhi)

..... of the interest whenever the assessee chooses to file any estimate which estimate is found to be lower resulting in reduction in the ..... of the second and the third instalment when the first estimate of the assessee itself was wrong 2 shri sandeep tandon ..... indicate that section 216 would get attracted whenever any assessee estimates his current income instead of sending the statement of income .....

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Dec 07 1990 (TRI)

income-tax Officer Vs. B.N. Bhaskar and Sons

Court: Income Tax Appellate Tribunal ITAT Delhi

Decided on: Dec-07-1990

Reported in: (1991)36ITD423(Delhi)

..... written reply dated 24th july 1985 explaining the circumstances under which estimate of rs 3 lakhs was made it was pleaded before ..... tax furnished under section 209 1a whereas assessee has filed an estimate of income in march 1981 the assessing officer has also ignored ..... to the rival contentions it is well settled that the word estimate implies the concept of approximation and it can never be accurate .....

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Oct 10 1990 (TRI)

income-tax Officer Vs. R.B. Chy Ruchi Ram Khattar and Sons

Court: Income Tax Appellate Tribunal ITAT Delhi

Decided on: Oct-10-1990

Reported in: (1991)36ITD276(Delhi)

..... not a proper guide to determine the reasonableness of the income estimated the estimate made by the department would give a net profit rate ..... had to be made out these things have to be estimated therefore estimate in arriving at the work in progress is necessary and ..... to above and therefore the profit on material also could be estimated the ito noticed that the assessee had taken secured advance on .....

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Oct 11 1990 (TRI)

Statesman Ltd. Vs. Deputy Commissioner of

Court: Income Tax Appellate Tribunal ITAT Kolkata

Decided on: Oct-11-1990

Reported in: (1991)36ITD80(Kol.)

..... award of the palekar tribunal and consequently filed the lower estimate the cit appeals did not accept the contention of the ..... journalists and non journalists newspaper employees and consequently revised the estimate it is a fact that the palekar tribunal was appointed ..... palekar tribunal gave its proposal only in august 1980 the estimate of the liability by the assessee after watching the progress .....

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Oct 08 1990 (TRI)

income-tax Officer Vs. Delwada Investment (P.) Ltd.

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Decided on: Oct-08-1990

Reported in: (1991)36ITD322(Ahd.)

..... income included interest income while computing the advance tax payable on the basis of said estimated income the assessee had reduced the total tax payable by amounting representing tax deductible at ..... during the financial year the assessee in his computation reduced the income tax calculated on estimated current income by income tax which would be deductible at source during the financial year .....

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Jun 22 1990 (TRI)

P.S.B. Finance Investment Ltd. Vs. Inspecting Assistant

Court: Income Tax Appellate Tribunal ITAT Delhi

Decided on: Jun-22-1990

Reported in: (1990)35ITD9(Delhi)

..... of the required percentage of assessed tax but not where the assessee having filed an estimate fails to pay tax in accordance therewith according to the learned counsel where the assessee ..... having filed an estimate does not pay tax in accordance therewith the remedy of the revenue lies in treating .....

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Nov 19 1990 (HC)

M.T. Kurian Vs. N.A. Baraham and ors.

Court: Kerala

Decided on: Nov-19-1990

Reported in: II(1991)ACC476

..... the compensation payable to the pillion rider also the entire compensation estimated by the tribunal was awarded to the pillion rider for the reason that ..... law and 2 that he had made an entirely erroneous estimate of the damages on a perusal of the award we do not feel ..... after the filing of the petition there has been an erroneous estimates of the damages as far as that portion of the claimant is concerned .....

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Dec 26 1990 (TRI)

Ashoka Betalnut Co. (P.) Ltd. Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Madras

Decided on: Dec-26-1990

Reported in: (1991)37ITD37(Mad.)

..... on the ground that the scrap value has to be estimated and the amount estimated was reasonable 3 in further appeal before us it was ..... is to betaken into account and not the amount which is estimated as realizable since the asset is retired the only objection that ..... it is therefore not necessary for us to consider whether the estimate made of such salvaged material was reasonable or not in the .....

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