Estimation - Judgment Search Results

K. Moidu, Alias Kunhippa and K. Vs. Assistant Commissioner of Income

Court: Income Tax Appellate Tribunal ITAT Cochin

Reported in: (2002)81ITD242(Coch.)

..... d coming to the disallowance of agricultural income it is made on estimate basis it is only an estimation against estimation which cannot be done under chapter xiv b such addition can be ..... of valancherry property construction of residential quarters residential building and flats he has repeated this estimated addition in the case of agricultural income by reducing such income stated by the assessees .....

Anil Kumar, Anoop Kumar and Smt. Vs. Assistant Commissioner of Income

Court: Income Tax Appellate Tribunal ITAT Amritsar

..... counsel for the assessee vehemently argued that the ao acted most arbitrarily and wrongly in estimating that the assessee must have received commission on the said transaction accordingly it was submitted ..... a property dealer established that the assessee had vested interest in such deal accordingly he estimated the income as under in the aforesaid manner the ao calculated the gross commission earned .....

Road Masters Industries of India Ltd. Vs. Commissioner of Income-tax a ...

Court: Punjab and Haryana

Reported in: [2001]251ITR601(P& H)

..... been given by the appellant as to why the income estimated in the estimate of advance tax is much less than even the income ..... petitioner had not included the profits on import entitlements in the estimate of advance tax learned counsel further argued that the initial ..... penalty on the premise that it had knowingly filed an untrue estimate of advance tax the commissioner of income tax appeals considered .....

Road Masters Industries of India Ltd. Vs. Commissioner of Income Tax

Court: Punjab and Haryana

Reported in: [2001]117TAXMAN149(Punj& Har)

..... been given for the appellant as to why the income estimated in the estimate of advance tax is much less than even the ..... petitioner had not included the profits on import entitlements in the estimate of advance tax the learned counsel further argued that the ..... commissioner appeals and the tribunal about the deliberate filing of incorrect estimate of advance tax cannot be termed as perverse giving rise .....

Paharpur Cooling Towers Pvt. Ltd. Vs. Commissioner of Income-tax

Court: Kolkata

Reported in: (2001)169CTR(Cal)303,[2001]252ITR48(Cal)

..... tax appeals was of the opinion that mere difference in the estimate filed and income returned is not sufficient to invoke the ..... learned counsel for the assessee that mere differences between the income estimated and the income shown in the return is not enough ..... the previous years and materials available at the time when the estimates were filed increase in the profit in the ginning and pressing .....

thermax Babcock and Wilcox Ltd. Vs. Dy. Cit

Court: Income Tax Appellate Tribunal ITAT Pune

..... necessarily include the cost required to be incurred in the warranty period this cost is estimated based upon the experience in the industry experience of companys collaborators promoters namely thermax ..... the costs attributable to the contract include expected warranty costs which can be reasonably estimated several authorities were cited in support of the contentions on behalf of the department .....

Anil Kumar, Anoop Kumar and Smt. Soma Vs. Asstt. Cit

Court: Income Tax Appellate Tribunal ITAT Amritsar

Reported in: (2002)77TTJ(Asr.)560

..... a property dealer established that he was having vested interest in such deals he accordingly estimated the brokerage earned by the assessee in the following manner the assessing officer further ..... for the assessee vehemently argued that the assessing officer acted most arbitrarily and wrongly in estimating that the assessee must have received commission on the said transaction accordingly it was .....

Shankerlal Nebhumal (Huf) and Vs. Deputy Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (2003)80TTJ(Ahd.)69

..... assessees in these appeals have actually paid the amounts as estimated by the departmental valuer particularly when the group of the ..... all other electric and electronic gadgets also therefore annual expenses estimated will be rs 60 000 travelling and socialising of ..... festivals social functions attending marriages etc are also estimated to be clothing to estimate the least a family which is leading a .....

thermax Babcock and Wilcox Ltd. Vs. Deputy Commissioner of

Court: Income Tax Appellate Tribunal ITAT Pune

..... necessarily include the cost required to be incurred in the warranty period this cost is estimated based upon the experience in the industry experience of company s collaborators promoters namely thermax ..... that the costs attributable to the contract include expected warranty costs which can be reasonably estimated several authorities were cited in support of the contentions 6 on behalf of the .....

Sangrur Vanaspati Mills Ltd. Vs. Deputy Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Chandigarh

Reported in: (2002)80ITD143(Chd.)

..... assessee was having full knowledge about its income and filed false estimate of advance tax the other decision relied by the authorised ..... plea of the assessee about the bona fide belief about the estimate of income shall go away accordingly these penalty proceedings are ..... the assessee with the penalty for concealment or of filing wrong estimate of advance tax 8 that after an admission has been .....