Estimation - Judgment Search Results

Mange Ram Mittal Vs. Assistant Commissioner of Income

Court: Income Tax Appellate Tribunal ITAT Delhi

Reported in: (2006)103ITD389(Delhi)

..... the assessee ranged between rs 8 000 to rs 10 000 the learned ao separately estimated assessment year wise education expenses telephone expenses expenditure on purchase of fruits vehicle expenses electricity ..... representatives the ao was also entitled to carry out such enquiries as required for correct estimate of income the learned cit departmental representative argued that while it was true that .....

Mange Ram Mittal Vs. Asstt. Cit

Court: Income Tax Appellate Tribunal ITAT Delhi

..... learned assessing officer made reference to the departmental valuation cell and the valuation officer estimated cost of construction at rs 6 46 175 the learned assessing officer therefore treated ..... ranged between rs 8 000 to rs 10 000 the learned assessing officer separately estimated assessment year wise education expenses telephone expenses expenditure on purchase of fruits vehicle expenses .....

Deputy Commissioner of Income Tax Vs. Allied Construction

Court: Income Tax Appellate Tribunal ITAT Delhi

Reported in: (2007)291ITR16(Delhi)

..... court held that separate addition cannot be so made when books are rejected and income estimated the learned departmental representative submitted that the same analogy will be applicable in the present ..... accepted by the revenue in the case of the assessee are used as guidelines for estimating the income the learned departmental representative did not contest this proposition seriously but pointed .....

Shri Rajan H. Shinde Vs. Dy. Commissioner of It, Sr 1

Court: Income Tax Appellate Tribunal ITAT Pune

..... material while recasting the accounts in the assessment order the transportation charges are assumed on estimate basis by the ao whereas actual transportation charges reflected are much less in the ..... itr 588 reads as under penalty oconcealment of income addition made to income based on estimate tribunal considering evidence in penalty proceedings and finding that assesses had concealed his income .....

Assistant Commissioner of Income Vs. Smt. Radha Rani

Court: Income Tax Appellate Tribunal ITAT Jaipur

Reported in: (2006)101TTJ(JP.)1017

..... cannot be questioned in the very nature of things the estimate made may be an overestimate or an underestimate but that ..... found or evidence available on record on search addition or estimation of undisclosed income on mere conjectures or surmises without any ..... undisclosed income and the undisclosed income cannot be computed on estimate basis on presumptions and surmises and assessment under chapter xiv .....

Punjab State Industrial Vs. Deputy Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Chandigarh

Reported in: (2007)292ITR268(Chd.)

..... 80m referred to actual expenditure whereas deductions contemplated by section 20 1 are estimated proportionate expenses and interest therefore one cannot import deductions from interest on securities ..... 80m referred to actual expenditure whereas deductions contemplated by section 20 1 are estimated proportionate expenses and interest therefore one cannot import deductions from interest on securities .....

Rajan H. Shinde Vs. Deputy Commissioner of

Court: Income Tax Appellate Tribunal ITAT Pune

Reported in: (2006)10ITD360(Pune.)

..... cit reads as under penalty concealment of income addition made to income based on estimate tribunal considering evidence in penalty proceedings and finding that assessee had concealed his income ..... while recasting the accounts in the assessment order the transportation charges are assumed on estimate basis by the assessing officer whereas actual transportation charges reflected are much less in .....

Dy. Cit(A) Vs. Subham Industries

Court: Income Tax Appellate Tribunal ITAT Lucknow

..... the cost of construction disclosed by the assessee and the cost estimated by the dvo we further observe that the first appellate authority ..... the reference must have been made by the assessing officer to estimate the value inter alia of an immovable property for the ..... assessing officer to make a reference to the valuation officer for estimating the cost of construction of properties has been a matter of .....

Deputy Commissioner of Vs. Shubham Industies

Court: Income Tax Appellate Tribunal ITAT Lucknow

Reported in: (2007)104ITD126Luck

..... purposes of making the assessment or reassessment under this act to estimate inter alia the value of an immovable property can call ..... assessing officer to make a reference to the valuation officer for estimating the cost of construction of properties has been a matter of ..... officer referred the matter to the departmental valuation officer dvo who estimated the cost of construction at rs 27 91 300 as .....

Sukh Ram Vs. Assistant Commissioner of

Court: Income Tax Appellate Tribunal ITAT Delhi

Reported in: (2006)99ITD417(Delhi)

..... various additions made by the assessing officer to the undisclosed income of the assessee on estimated basis have been challenged by him in the following grounds ground no particulars amount in ..... alongwith the relevant and material details altogether and proceeded to make the impugned additions on estimated basis without even rebutting the explanation offered by the assessee it clearly shows that the .....