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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
2023 TaxPub(DT) 7943 (Visak-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
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
2023 TaxPub(DT) 5795 (Guj-HC)

16060500Section 145(3) Accounting method - Rejection - Non-maintenance of day-to-day stock -- 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.
2023 TaxPub(DT) 4952 (Ahd-Trib)

16016000Section 261 Section 145 Appeal [Supreme Court] - |Special Leave Petition - Accounting method -- Rej -- Department preferred SLP to appeal against the judgment of Rajasthan High Court in CIT (Central),......

Supreme Court of India -- 31 Jul 2023
CIT v. Rama Ajit Builders & Developers  SLP dismissed.
2023 TaxPub(DT) 4644 (SC)

15913800Section 145(3) Accounting method - Rejection of books account - Minor discrepancy in entry of bills -- Consequent upon search action, notice under section 153A was issued. In response to notice, the asse......

ITAT, Surat Bench -- 12 May 2023
Siddhi Vinayak Knots & Prints (P) Ltd. v. DCIT  In assessee|s favour.
2023 TaxPub(DT) 4010 (Srt-Trib)

15619400Section 143(3) Assessment - Addition to income - AO estimated pro -- During survey at business premises of the assessee some incriminating material in the form of dail......

ITAT, Visakhapatnam Bench -- 29 Mar 2023
Lakshmi Constructions v. Dy. CIT  In Favour of Assessee
2023 TaxPub(DT) 2157 (Visak-Trib)

15853700Section 143(3) Section 145 Assessment - Addition to income - Addition on account of sale of rice in -- Assessee was engaged in manufacturing and trading of rice and trading of paddy. AO made addition of ......

High Court of Punjab & Haryana -- 01 Mar 2023
Mahavir Rice Mills v. CIT  Against the assessee.
2023 TaxPub(DT) 3611 (P&H-HC)

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