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2 results for “depreciation”+ Block Assessmentclear

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Key Topics

Section 1454Section 44A2Section 271(1)2Depreciation2Penalty2Addition to Income2Comparables/TP2

MR. PRAMOD KUMAR KHANDELWAL,AGRA vs. DY.C.I.T.-1, AGRA

The appeals of the assessee are allowed in the terms indicated

ITA 200/AGR/2016[2011-12]Status: DisposedITAT Agra12 Apr 2021AY 2011-12

Bench: Shri Laliet Kumar & Dr. Mitha Lal Meena

Section 145Section 271(1)Section 44A

assessment proceedings AO would have carried out detailed investigation in respect of purchases, sundry creditors and other expenses, as was done in the A.Y. 2010-11. It is a matter of fact that assessee has not been maintaining proper bills and vouchers, hence by agreeing to such addition, assessee created the circumstances to block the further investigations in the case

MR. PRAMOD KUMAR KHANDELWAL,AGRA vs. DY.C.I.T.-1, AGRA

The appeals of the assessee are allowed in the terms indicated

ITA 201/AGR/2016[2010-11]Status: Disposed
ITAT Agra
12 Apr 2021
AY 2010-11

Bench: Shri Laliet Kumar & Dr. Mitha Lal Meena

Section 145Section 271(1)Section 44A

assessment proceedings AO would have carried out detailed investigation in respect of purchases, sundry creditors and other expenses, as was done in the A.Y. 2010-11. It is a matter of fact that assessee has not been maintaining proper bills and vouchers, hence by agreeing to such addition, assessee created the circumstances to block the further investigations in the case