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17071600Section 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)

17128800Section 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)

16694400Section 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)

16587500Section 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)

16566000Section 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)

16166200Section 145(3) Accounting method - Rejection of borks of account without giving any comparable case -- AO rejected assessee|s books of account on the ground that true value of GP shown by the assessee wa......

ITAT, Cuttack Bench -- 12 Sep 2023
Anirudha Mallik v. ITO  In assessee|s favour
ITA No. 244/CTK/2023
2023 TaxPub(DT) 5619 (Ctk-Trib)

16192300Section 145(3) Accounting method - Rejection - Estimation of income - -- AO found discrepancies in books of account maintained by assessee-company. Accordingly, he rejected ......

High Court of Gujarat -- 11 Sep 2023
Pr. CIT v. BB Tradelink Agro (P) Ltd.  In assessee|s favour
R/Tax Appeal No. 431 of 2023
2023 TaxPub(DT) 5795 (Guj-HC)

16060500Section 145(3) Accounting method - Rejection - Non-maintenance of day-to-day stock register - -- Assessee-company was engaged in the business of repairing and servicing of power distribution transf......

ITAT, Ahmedabad Bench -- 18 Aug 2023
Baroda Industrial Electrical Products (P) Ltd. v. ITO  Partly in assessee|s favour.
ITA No. 2367/Ahd/2018 And ITA No. 917/Ahd/2019
2023 TaxPub(DT) 4952 (Ahd-Trib)

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