Estimation - Judgment Search Results

Assistant Commissioner of Vs. Ganganagar Sugar Mills Ltd.

Court: Income Tax Appellate Tribunal ITAT Jaipur

Reported in: (1994)48ITD171(JP.)

..... he has to justify the basis of his estimate the estimate must be an honest estimate based on the accounts which are available with ..... serving statement of the assessee that he thought that his estimate represented a probable income of the year would not be ..... a detailed letter showing that the disparity between the total income estimated and that assessed arose because of disallowance of losses and .....

Newark Morning Ledger Co. Vs. United States

Court: US Supreme Court

..... asset we agree with the district court when it concluded although it was possible to estimate the direct cost of soliciting additional subscribers to the booth newspapers those subscribers if obtained ..... goodwill is not subject to depreciation because its useful life is not susceptible of reasonable estimation 578 578 newark morning ledger co v united states souter j dissenting what the government .....

Chopra Bros. (India) Pvt. Ltd. Vs. Income Tax Officer.

Court: Income Tax Appellate Tribunal ITAT Chandigarh

Reported in: (1993)46TTJ(Chd.)523

..... where it specifically directs that in all such cases the gross profit should be estimated and the deductions and allowances including the depreciation allowance should be separately deducted from ..... allowance should be separately worked out in all such cases the gross profit should be estimated and the deductions and allowances including depreciation allowance should be separately deducted from the .....

Chopra Bros. (India) Pvt. Ltd. Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Chandigarh

Reported in: (1993)45ITD85(Chd.)

..... where it specifically directs that in all such cases the gross profit should be estimated and the deductions and allowances including the depreciation allowance should be separately deducted from ..... allowance should be separately worked out in all such cases the gross profit should be estimated and the deductions and allowances including depreciation allowance should be separately deducted from the .....

Bhagyanagar Constructions (P.) Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Hyderabad

Reported in: (1993)46ITD236(Hyd.)

..... element should be established and adhered to consistently 14 thus there are recognised methods of estimating with reasonable accuracy the profits accrued from time to time on uncompleted contracts the fact ..... of a contractor are not accepted and the provisions of section 145 are applied the estimate of income should be inclusive of all disallowables under the it act the separate disallowance therefore .....

income-tax Officer Vs. Dr. K. Rami Reddy

Court: Income Tax Appellate Tribunal ITAT Hyderabad

Reported in: (1994)48ITD377(Hyd.)

..... however the income tax officer obtained valuation report from the departmental valuation officer who had estimated the cost of construction and relying on his report and without pointing out any defects ..... the departmental valuer had adopted plinth area method whereas the registered valuer went by detailed estimate method in order to arrive at the cost indices of adoni the departmental valuer had .....

income Tax Officer Vs. Dr. K. Rami Reddy. (Dr. K. Rami

Court: Income Tax Appellate Tribunal ITAT Hyderabad

Reported in: (1994)50TTJ(Hyd.)413

..... his return however the ito obtained valuation report from the departmental valuation officer who had estimated the cost of construction and relying on his report and without pointing out any defects ..... the departmental valuer had adopted plinth area method whereas the registered valuer went by detailed estimate method in order to arrive at the cost indices of adoni the departmental valuer had .....

Smt. Sheila Rani Anand Vs. Inspecting Assistant

Court: Income Tax Appellate Tribunal ITAT Amritsar

Reported in: (1994)48ITD352(Asr.)

..... approximation involving a degree of guess work it is therefore reasonable to infer that value estimated is not synonymous with value determined 11 this conclusion is fully supported when provisions ..... per the schedule the amending legislation shows that the legislature accepted difference between the value estimated and determined these two words do not convey the same meaning or mode of computation .....

Commissioner of Income-tax Vs. Orissa Flour Mills (P.) Ltd.

Court: Orissa

Reported in: [1993]203ITR691(Orissa)

..... the very fact that the assessee itself had submitted the estimates showing the estimated income of rs 2 lakhs its conduct was bona fide ..... income earned during the previous year the assessee had filed the estimate it was also indicated that the income relating to commission ..... was pleaded that there was no reason to believe that the estimate was untrue the contentions were not accepted by the income .....

Shahdara (Delhi) Saharanpur Light Railway Co. Ltd. (In Voluntary Liqui ...

Court: Kolkata

Reported in: [1994]208ITR882(Cal)

..... right in holding that the income tax officer was justified in estimating the cost of acquisition of the capital assets even though ..... by the approved valuer b that the income tax officer correctly estimated the cost of acquisition as on january 1 1954 by ..... accepting the value submitted by the assessee resumed his jurisdiction for estimating the asset himself this is not permitted once he refers the .....