| 17071600 | Section 145(3) Accounting method - Rejection - Non-maintenance of qualitative details of stock of d -- 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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| 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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| 16060500 | Section 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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| 16016000 | Section 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.
Special Leave to Appeal (C) No. 13072/2018
2023 TaxPub(DT) 4644 (SC)
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| 16001100 | Section 145(3) Accounting method - Rejection - Fall in gross profit rate - -- AO noticed difference between the figures reported in Form 26AS and actually recorded in the books o......
ITAT, Delhi Bench -- 19 Jul 2023
Total Integrated Design (India) (P) Ltd. v. ITO Matter remanded.
ITA No. 8298/Del/2019
2023 TaxPub(DT) 4599 (Del-Trib)
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