Estimation - Year 1992 - Judgments

Jul 29 1992 (TRI)

Abdulrasak D. Dhanani Vs. Wealth Tax Officer.

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Decided on: Jul-29-1992

Reported in: (1993)46TTJ(Ahd.)27

..... returns according to him if the assessee would have correctly estimated the wealth the assessed wealth and returned wealth could have ..... further submitted that in the income tax assessment the basis of estimation of total income was difference between the assets and liabilities ..... account books were in the custody of the department and estimate was required to be made from those account books if .....

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Aug 28 1992 (TRI)

Dy. Commissioner of Income-tax Vs. Jamirah Tea Co. Ltd.

Court: Income Tax Appellate Tribunal ITAT Kolkata

Decided on: Aug-28-1992

Reported in: (1992)43ITD675(Kol.)

..... he has to justify the basis of his estimate the estimate must be an honest estimate based on the accounts which are available with ..... a penalty notice would necessarily lead to the conclusion that the estimate filed by it under section 209a 4 was submitted wilfully ..... self serving statement of the assessee that he thought that his estimate represented a probable income of the year would not be .....

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Feb 04 1992 (TRI)

S.P. Jaiswal Estates (P.) Ltd. Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Kolkata

Decided on: Feb-04-1992

Reported in: (1992)41ITD342(Kol.)

..... 209a or section 212 on the basis of his own estimate including revised estimate and the advance tax so paid is less than twenty ..... business it will be difficult for the assessee to furnish the estimate required to be furnished by him in accordance with the ..... a subsequent instalment or in subsequent instalments 6 every statement or estimate under this section shall be sent in the prescribed form and .....

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Oct 30 1992 (TRI)

V. Gopal Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Madras

Decided on: Oct-30-1992

Reported in: (1993)44ITD581(Mad.)

..... a all that the assessee contended was that the undisclosed income from the tailoring establishment estimated by the assessing officer was not sustainable particularly in view of the fact that ..... if the assessees took into account their undisclosed income for purposes of filing advance tax estimates and paid tax accordingly subsequently the scheme got enlarged into a full fledged voluntary disclosure .....

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Aug 10 1992 (TRI)

Upasana Hospital and Nursing Home Vs. Assistant Commissioner of Income

Court: Income Tax Appellate Tribunal ITAT Cochin

Decided on: Aug-10-1992

Reported in: (1994)48TTJ(Coch.)586

..... in the meanwhile hefty additions were made to the income of the appellant again on estimate basis against which there were appeals ultimately the income determined corresponded to approximately the income ..... returned by it therefore it cannot be said that the assessee had deliberately furnished false estimate of advance tax 7 sri c abraham the learned senior departmental representative submitted that .....

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Jun 17 1992 (TRI)

Deputy Commissioner of Vs. Prabhat Chandra Sen

Court: Income Tax Appellate Tribunal ITAT Kolkata

Decided on: Jun-17-1992

Reported in: (1992)42ITD627(Kol.)

..... payment should follow and be consequences of under estimate the words under estimation mean an estimate below the truth or which is too low ..... and facts on record clearly established that the assessee under estimated the advance tax payable and reduced the amount of tax ..... pointed out above interest is to be charged for under estimate of advance tax and for not following statutory provisions relating .....

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Aug 10 1992 (TRI)

Upasana Hospital and Nursing Home Vs. Assistant Commissioner of

Court: Income Tax Appellate Tribunal ITAT Cochin

Decided on: Aug-10-1992

Reported in: (1993)46ITD372(Coch.)

..... in the meanwhile hefty additions were made to the income of the appellant again on estimate basis against which there were appeals ultimately the income determined corresponded to approximately the income ..... returned by it therefore it cannot be said that the assessee had deliberately furnished false estimate of advance tax 7 sri c abraham the learned senior departmental representative submitted that .....

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Jun 09 1992 (HC)

Auto Pins (India) Regd. Vs. Income Tax Officer.

Court: Delhi

Decided on: Jun-09-1992

Reported in: (1993)47TTJ(Del)371

..... addition made and sustained in the assessment proceedings was purely on estimate basis and suspicion unaided by the account books which were ..... that that amount was taken as accounted for thereforee the estimate of suppressed sales arrived was liable to vary depending upon ..... have pointed out above the suppressed turnover was arrived at on estimate basis making the assumption in one way or the other .....

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Aug 28 1992 (HC)

Deputy Commissioner of Income Tax Vs. Jamirah Tea Co. Ltd.

Court: Kolkata

Decided on: Aug-28-1992

Reported in: (1993)45TTJ(Cal)393

..... he has to justify the basis of his estimate the estimate must be an honest estimate based on the accounts which are available with ..... mere selfserving statement of the assessee that he thought that his estimate represented a probable income of the year would not be ..... to the facts and circumstances appearing at the time when the estimate was submitted the evidence whether negative or positive small or .....

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Sep 30 1992 (TRI)

Samy Auto Parts Vs. First Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Madras

Decided on: Sep-30-1992

Reported in: (1993)44ITD44(Mad.)

..... section 273 1 b could not be levied for not furnishing an estimate of income for purposes of advance tax in accordance with the ..... the intervals of 3 months and asking the assessee for filing the estimate is a preliminary act which should be followed with payment of ..... is a matter of record that the assessee had initially filed an estimate in lieu of the statement contemplated by and under section 209a .....

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