Estimation - Judgment Search Results

Assistant Commissioner of Income Vs. R. Tahilram

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (1997)62ITD138(Ahd.)

..... of four months and 22 days was required to be estimated the ao estimated for this period sales of rs 2 crores proportionate ..... assessing officer under such situation could determine the income only by estimating the sales and applying a profit rate thereon for the ..... assessing officer under such situation could determine the income only by estimating the sales and applying a profit rate thereon for the .....

Dr. Akhileshwar Pd. Sinha Vs. Assistant Commissioner of

Court: Income Tax Appellate Tribunal ITAT Patna

Reported in: (1998)64ITD7(Pat.)

..... the assessing officer in my professional income after all an estimate is an estimate only and it can never take the place of ..... assessing officer to make best judgment assessment however he found the estimate to be excessive he directed for following relief a for ..... by the assessee the assessing officer has based his working on estimate and upon the statement of the assessee recorded during assessment .....

Assistant Commissioner of Income Vs. R. Tahilram.

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (1997)59TTJ(Ahd.)129

..... of four months and 22 days was required to be estimated the ao estimated for this period sales of rs 2 crores proportionate ..... the only course left before the authorities below was to estimate the income taking into consideration the facts and circumstances of ..... accounts maintained the ao had therefore no alternative but to estimate the income based on such records available for the current .....

incowe Tax Officer Vs. Pravinchandra Girdharlai.

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (1999)63TTJ(Ahd.)357

..... officer has power under the act to make an estimate but that estimate must be on the basis of material on record ..... furnished the report of registered valuer k l khakhar khakhar estimated the cost of construction following the detailed itemwise method which ..... the construction 4 further he has suggested that the earlier estimate of the cost of the construction requires reduction modification 5 .....

innosearch Ltd. Vs. Assistant Commissioner of Income

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (1998)62TTJ(Ahd.)728

..... mere selfserving statement of the assessee that he thought that his estimate represented the principal income of the year would not be ..... learned departmental representative in this case the assessee submitted its estimate of income for the year under consideration at rs 3 ..... below on the basis of which it had prepared its estimate of income but the authorities below have not properly appreciated .....

Vijay Gupta Vs. Assistant Commissioner of Income

Court: Income Tax Appellate Tribunal ITAT Guwahati

..... the ao during the course of assessment proceedings were reiterated the estimate of total sales was objected to as unwarranted it is ..... unexplained deposit etc and such addition should also be considered for estimating gp np rates the learned counsel cited a number of ..... were found to be unrealiable the ao was perfectly justified in estimating the sales on the basis of seized documents and other .....

Jagatjit Industries Ltd. Vs. Assistant Commissioner of Income

Court: Income Tax Appellate Tribunal ITAT Delhi

..... noted that on 10th december 1981 the assessee filed a revised estimate showing estimated total income at rs 305 lakhs and worked out the ..... process he also observed that the wide disparity in the income estimated by the assessee on the three occasions could not be explained ..... the interest was to be computed on the basis of the estimate filed in september 1981 whereby the assessee had reduced the amount .....

Smt. Godawari Devi Sarawagi Vs. Deputy Commissioner of

Court: Income Tax Appellate Tribunal ITAT Kolkata

Reported in: (1997)61ITD412(Kol.)

..... pradesh and the vacant plot of land at chincholi bombay was estimated at rs 3 lakhs the assessment was completed accordingly 5 subsequent ..... there is no valuation report for last few years it is estimated market value a r is requested to 2 file explanation regarding ..... him thereafter the assessment was completed on 2 3 1994 after estimating the aggregate value of the bombay and andhra pradesh properties .....

Jay Bee Industries Vs. Deputy Commissioner of Income

Court: Income Tax Appellate Tribunal ITAT Amritsar

Reported in: (1998)66ITD530(Asr.)

..... assessee should have claimed the actual expenses against manufacturing defects on the basis of estimation accordingly the claim of the assessee about provision for warranty was not held allowable ..... the necessary repairs replacement of defective damaged transformers in warranty period and in case that estimate was somewhat erroneous the ao should have made necessary efforts to highlight this aspect .....

Jagatjit Industries Ltd. Vs. Assistant Commissioner of Income Tax.

Court: Delhi

Reported in: (1998)60TTJ(Del)544

..... noted that on 10th december 1981 the assessed filed a revised estimate showing estimated total income at rs 305 lakhs and worked out the ..... process he also observed that the wide disparity in the income estimated by the assessed on the three occasions could not be explained ..... the interest was to be computed on the basis of the estimate filed in september 1981 whereby the assessed had reduced the amount .....