Estimation - Judgment Search Results

United States Vs. Fior D'italia, Inc.

Court: US Supreme Court

..... result in an overstatement of tax liability rendering any assessment that results from aggregate estimates unreasonable and outside the limits of any delegated irs authority in our view ..... onerous monitoring requirements consequently do not support fior d italia s argument that aggregate estimates are statutorily prohibited for example the internal revenue service restructuring and reform act .....

P.C. Mundra Vs. Assistant Commissioner of Income

Court: Income Tax Appellate Tribunal ITAT Jaipur

Reported in: (2003)80TTJ(JP.)945

..... it was submitted by the learned authorised representative that the addition was made simply on estimate basis by ignoring the working prepared by the assessee the learned authorised representative further submitted ..... claimed that 300 gms jewellery belongs to her but ao accepted only 192 gms on estimate basis without mentioning any cogent reason the assessee s family is the highly reputed family .....

Utah Vs. Evans

Court: US Supreme Court

..... an actual enumeration can be contrasted to his subsequent proposal for england which included estimation methods resembling both sampling and imputation since rickman deemed it appropriate to make ..... however before the 19th century most countries conducted partial enumerations that were supplemented by estimates of the unenumerated portion of the population wolfe population censuses before 1790 27 .....

Das'S Friends Builders (P) Ltd . Vs. Dy. Cit

Court: Income Tax Appellate Tribunal ITAT Agra

Reported in: (2004)88TTJAgra651

..... be debited to the p amp l a c further the estimated gp attributable to the construction expenses including on the unexplained ..... investment in the stock in trade declared by the assessee and estimated by the authorised valuer the finding of the commissioner appeals ..... keeping in fact that the dvo in his report had also estimated the cost of construction in the friends palace such contradictions remained .....

Emico Kcp Ltd. Vs. Cit

Court: Chennai

Reported in: [2002]124TAXMAN48(Mad)

..... be paid have to be such as they accord with the estimate estimate sent by the assessee to the assessing authority even under section ..... of tax under section 209 section 209a provides for giving the estimate clause a of sub section 1 of section 209a specifically ..... different question here though the assessee has shown as per its estimate the payable instalments correctly it had made excess payment and .....

Babros Machinery Mfrs. (P) Ltd. Vs. Deputy Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (2003)84ITD91(Ahd.)

..... 144 however no addition can be made by invoking the provisions of section 145 by estimating the undisclosed income which is required to be computed in accordance with the provisions contained ..... basis of material and evidence found during the course of search and under normal circumstances estimates are excluded the only other decision relied upon by the learned departmental representative before me .....

B and Bros. Engg. Works Vs. Deputy Commissioner of

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (2003)84ITD243(Ahd.)

..... can be made by invoking the provisions of section 145 by estimating undisclosed income which is required to be computed in accordance ..... have material before him to prove the exact turnover suppressed in estimating any escaped turnover it is inevitable that there is some ..... manufacturing pvt ltd had made an observation about the sheer estimate made by the investigating officer xiii that shri ashwin b .....

income Tax Officer Vs. Subhash Synthetics

Court: Income Tax Appellate Tribunal ITAT Jodhpur

Reported in: (2003)78TTJ(Jodh.)567

..... the assessee used to submit declaration in the beginning of every year on estimated cost estimated selling price and estimated net profits so as to arrive at the valuation of goods for levy ..... submitted at production stage and not after making the actual sales hence statements are mere estimates and have no relevancy with actuality the appellant used to submit the excise declaration statement .....

Utkal Steels Ltd., Utkal Alloys Vs. Deputy Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Cuttack

Reported in: (2002)82ITD120Ctk

..... the central excise authorities is purely on surmises and conjectures and the adoption of high estimation is incorrect as regards the submissions of authorised officer during the course of hearing of ..... maintenance of stock registers etc therefore the revenue authorities are not justified in resorting to estimation of stock without rejecting the books of account there is not even a whisper whether .....

Utkal Alloys P. Ltd., Utkal Steels Vs. Deputy Commissioner of

Court: Income Tax Appellate Tribunal ITAT Cuttack

Reported in: (2004)269ITR20Ctk

..... the accountant member is correct in holding that the authorities are not justified in straightaway estimating the value of stock without physically weighing them during the operation under section 132 ..... accountant member is correct in holding that the authorities are not justified in straightaway estimating the value of stock without physically weighing them during the operation under section 132 .....