Estimation - Judgment Search Results

Amit Estate Organizer Vs. Income Tax Officer

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (2008)113TTJ(Ahd.)1018

..... was altogether different disallowances deleted section 145 of the it act 1961 method of accounting estimation of profit asst yrs 1986 87 and 1987 88 whether where lower authorities disallowed ..... knowledge that persons engaged in construction usually understate cost of construction held no whether estimation of cost of construction by ao was justified held no whether therefore addition to .....

Shri. C.V. Sunny, Prop. Pavizham Vs. the Asst. Commissioner of

Court: Income Tax Appellate Tribunal ITAT Chennai

..... of whereas appraisement means the action of appraising valuation by an official appraiser estimated value estimation of worth generally see shorter oxford english dictionary third edition under the scheme ..... not give authority to the department to make the computation of undisclosed income on estimation basis under section 158bb or assessment under section 158bc especially when the income relating .....

Dr. Ramesh Kumar Anand Vs. Ito

Court: Income Tax Appellate Tribunal ITAT Amritsar

..... 91 860 as per original report the assessee again raised several objections to the cost estimated by the dvo the assessing officer considered these objections and allowed deduction for the various ..... commissioner appeals referred these objections to the valuation officer the valuation officer submitted that while estimating the cost in the first report the assessee had submitted that only a sum of .....

thermax Babcock and Wilcox Ltd. Vs. Addl. Commissioner of It, Spl.

Court: Income Tax Appellate Tribunal ITAT Pune

Reported in: (2008)304ITR130(Pune.)

..... be satisfied is that the definite liability in praesenti should also be capable of being estimated with reasonable certainty though the actual quantification may not be possible if these conditions ..... these cases a view was therefore taken that the anticipated liabilities under unexpired warranties when estimated with reference to statistical information would be a charge on the profit arising from .....

Sahyog Sahkari Shram Samvida Vs. Assistant Commissioner of Income

Court: Income Tax Appellate Tribunal ITAT Lucknow

Reported in: (2007)111TTJLuck540

..... came to the conclusion that it was a case of estimate against an estimate and there was no concealment and accordingly it was ..... case the tribunal held that it was a case of estimate against an estimate and there was no concealment accordingly the tribunal concluded ..... of addition is not sufficient the additions which are based on estimates or disallowances etc or which do not conclusively show that .....

Smt. Bitoli Devi Vs. Assistant Commissioner of Income

Court: Income Tax Appellate Tribunal ITAT Lucknow

Reported in: (2007)110TTJLuck735

..... case the tribunal held that it was a case of estimate against an estimate and there was no concealment and accordingly it was held ..... came to the conclusion that it was a case of estimate against an estimate and there was no concealment and accordingly it was held ..... is found no penalty is leviable on the addition made on estimate basis 8 we have carefully considered the rival submissions and have .....

Smt. Mina Deogun Vs. Income Tax Officer

Court: Income Tax Appellate Tribunal ITAT Kolkata

Reported in: (2008)117TTJ(Kol.)121

..... having adopted the fair market value of the transferred immovable property as per the value estimated by the registered valuer the authorities below should have determined the capital gain with ..... times in real estate prices appears reasonable and therefore in our considered opinion the value estimated by the registered valuer does not appear to be excessive unreasonable or incorrect moreover .....

Armour Chemicals Ltd. Vs. Joint Cit, Spl. Range-6

Court: Income Tax Appellate Tribunal ITAT Mumbai

..... thereafter drew our attention to the assessment order wherein these disallowances were made after the estimation of the net profit and contended that this amounted to double addition and also ..... giving a finding while making the disallowances that statutory disallowances have nothing to do with estimation of profit which means that the assessing officer has not taken into consideration the statutory .....

Shri V. Mylswamy Vs. the Assistant Commissioner of Income Tax

Court: Chennai

Reported in: [2008]296ITR326(Mad)

..... of earlier loans the appellate authority also found that the assessee s professional income was estimated on a very conservative basis as against the returned income ultimately the appellate authority ..... supported by the village officer s certificate under the circumstances he submitted that the estimated income was totally uncalled for 9 learned counsel for the assessee submitted his arguments .....

M. Venkata Subbaiah Vs. Engineer-in-chief, Public Health and ors.

Court: Andhra Pradesh

Reported in: 2007(1)ALD657

..... qualification criteria will be qualified only if their available bid capacity is more than the estimated contract value the available bid capacity will be calculated as under assessed available bid ..... the requirement qualificationcriteria will be qualified only if their available bidcapacity is more than the estimate contract value rs 77 98 lakhsthe available bid capacity will be as under assessed .....