| 18824000 | Section 145(3) Accounting method - Rejection - Estimation of income on bogus purchases and applic -- Assessee, engaged in manufacturing and trading copper products, faced scrutiny for alleged bogus pur......
Ahd-Trib -- 25 Jun 2025
ITO v. Madhav Copper Ltd. In favour of assessees.
ITA Nos. 254, 255 and 256/Ahd/2024, ITA Nos. 274, 275 and 276/Ahd/2024
2025 TaxPub(DT) 4832 (Ahd-Trib)
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| 18687600 | Section 145 Accounting method - Revenue recognition - Royalty income and revenue uncertainty
-- Assessee, engaged in manufacturing and marketing slurry pumps, entered into a sub-license agreement ......
Del-Trib -- 06 Jun 2025
Weir Mineral (India) (P) Ltd. v. Dy. CIT Partly in assessee|s favour.
ITA No. 4713/DEL/2019
2025 TaxPub(DT) 3897 (Del-Trib)
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| 18612200 | Section 145(3) Accounting method - Rejection - Estimation of Income on Bogus Purchases Without Prop -- Assessee, engaged in pesticide business, reported total purchases of Rs. 25.73 crore, out of which R......
Ahd-Trib -- 22 May 2025
Anam Pesticides (P) Ltd. v. ITO Matter remanded
I.T.A. No. 1444/Ahd/2024
2025 TaxPub(DT) 3401 (Ahd-Trib)
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| 18615600 | Section 145A Accounting method - Calculation of total turnover - AO included excise duty while calc -- Assessee was a domestic company. AO completed its assessment and computed tax @ 30% plus applicable ......
Kol-Trib -- 22 May 2025
Satyam Smelters (P) Ltd. v. DCIT In assessee|s favour.
ITA No. 2493/Kol/2024
2025 TaxPub(DT) 3430 (Kol-Trib)
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| 18617900 | Section 145(3) Accounting method - Rejection - GP rate application - -- AO rejected the books under section 145(3), alleging inflated sales during demonetization, and appli......
Del-Trib -- 16 May 2025
DCIT v. MGV Jain Jewellers (P) Ltd. In assessee|s favour
ITA No. 112/Del/2023
2025 TaxPub(DT) 3453 (Del-Trib)
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| 18512200 | Section 145(3) Accounting method - Rejection - Estimation of GP - -- Assessee was issued notice under section 148. In response, assessee filed his return. In order to ve......
Chen-Trib -- 01 May 2025
Mohd. Sharif Abdul Rahman v. Dy. CIT Assessee Appeal Allowed
ITA No. 277/CHNY/2025
2025 TaxPub(DT) 2863 (Chen-Trib)
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| 18503600 | Section 145(3) Accounting method - Rejection of - AO sought to add total turnover under section 68 -- AO rejected assessee|s books under section 145(3), citing manipulation to inflate cash sales. CIT(A)......
Mum-Trib -- 15 Apr 2025
Creative Gems & Jewellery Ltd. v. Asstt. CIT In assessee|s favour.
ITA 2053/MUM/2024 and ITA 2821/MUM/2024
2025 TaxPub(DT) 2791 (Mum-Trib)
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| 18604800 | Section 145(3) Assessment - Disallowance of expenses - No rejection of books of account - -- Assessee, a government civil contractor, filed its return for declaring income of Rs. 47,35,490. AO ......
Del-Trib -- 09 Apr 2025
ITO v. Prahlad Partly in assessee’s favour
ITA No. 42/Del/2024
2025 TaxPub(DT) 3329 (Del-Trib)
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