| 17398900 | Section 145(3) Accounting method - Rejection of - Estimation of profit - -- AO noticed that assessee-company failed to substantiate VAT returns or cash book filed by it. Thus, ......
Hyd-Trib -- 05 Aug 2024
Sapthagiri Techno Packh (P) Ltd. v. ITO Partly in favour of assessee
ITA No. 672/Hyd/2024
2024 TaxPub(DT) 4153 (Hyd-Trib)
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| 17125900 | Section 145A Accounting method - Valuation of inventory - Applicability of retrospective amendment -- Question arose for consideration was whether retrospective amendment in substituting section 145A wo......
Ker-HC -- 20 May 2024
P.A. Jose v. UOI
W.P. (C) Nos. 30318/2019, 1529/2024, 17949/2020, 17828/2020, 17964/2020, 17972/2020, 28444/2021, 29846/2021, 30448/2021, 30354/2019, 30340/2019, 30373/2019, 32237/2019
2024 TaxPub(DT) 2830 (Ker-HC)
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| 17071600 | Section 145(3) Accounting method - Non-maintenance of qualitative details of stock of diamonds - Es -- Assessee-firm was carrying of business of trading and manufacturing of diamonds. Its case was select......
Mum-Trib -- 13 May 2024
Rajgir Gems LLP v. Asstt. CIT In assessee|s favour
ITA No. 4033/MUM/2023
2024 TaxPub(DT) 2467 (Mum-Trib)
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| 17128800 | Section 145(3) Accounting method - Rejection - Estimation of profit - -- Assessee was in business of retail trading in liquor. AO noticed that NP declared by assessee from h......
Hyd-Trib -- 09 May 2024
Gurdeep Singh Wasu v. Asstt. CIT Partly in favour of assessee
ITA No. 480/Hyd/2023
2024 TaxPub(DT) 2859 (Hyd-Trib)
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| 16761000 | Section 145 Accounting method - AO made addition on the basis of Percentage Completion Method - Ass -- Assessee, a real estate developer, was subjected to search. |AO| found that assessee had not shown a......
Del-Trib -- 09 Feb 2024
DCIT v. Reliable Realtech (P) Ltd. Revenue Appeal Dismissed
ITA No. 4808/Del/2019
2024 TaxPub(DT) 826 (Del-Trib)
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| 16694400 | Section 145(3) Accounting method - Books of account not rejected - Profit determined on estimatio -- In course of a search action against the assessee, during the year, relevant to assessment year 2014......
High Court of Delhi -- 24 Jan 2024
Pr. CIT v. Forum Sales (P) Ltd.
ITA No. 862/2019, ITA No. 863/2019
2024 TaxPub(DT) 473 (Del-HC)
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| 16587500 | Section 145(3) Accounting method - Rejection - Estimation of profit on purchases put to sale - -- Assessee was engaged in business of retail trade in liquor. AO estimated profit @5% on purchases put......
ITAT, Visakhapatnam Bench -- 21 Dec 2023
Leelavathi Beesetty v. ITO Partly in favour of assessee
I.T.A. No. 216/Viz/2023
2023 TaxPub(DT) 7943 (Visak-Trib)
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| 16566000 | Section 145(3) Accounting method - Rejection - Estimation of profit - Addition of impugned estimati -- AO made addition treating, deposits made into bank account out of cash sales effected by the assesse......
ITAT, Mumbai Bench -- 28 Nov 2023
Mangal Royal Jewels (P) Ltd. v. ACIT Revenue Appeal Dismissed
ITA No. 3062/Mum/2022 And ITA No. 3274/Mum/2022
2023 TaxPub(DT) 7887 (Mum-Trib)
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