| 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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| 16166200 | Section 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)
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| 16192300 | Section 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)
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