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2 results for “depreciation”+ Section 155clear

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Key Topics

Section 69A4Section 115B4Section 133A2Section 1542Section 682Section 69B2Section 69C2Section 69D2Addition to Income2Survey u/s 133A

M/S ACTIVE TOOLS (P). LIMITED,JALANDHAR vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE -II, JALANDHAR

ITA 260/ASR/2019[2014-15]Status: DisposedITAT Amritsar16 Aug 2021AY 2014-15

Bench: : Shri Laliet Kumar & Dr. Mitha Lal Meena

Section 115Section 133ASection 142(1)Section 154Section 68Section 69Section 69ASection 69BSection 69CSection 69D

155/- whereas as per valuation report it amounted to Rs.1,40,00,000/- giving a difference of Rs. 88,76,845/-. 5. That the Assessee filed a letter dated 19.2.2014 and surrendered Rs.1,50,00,000/- for the assessment year 2014-15 for and above the normal business income with the following details:- a) Excess cash in hand : Rs.9

2

SHRI TEJPAL SINGH,AMRITSAR vs. ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE, AMRITSAR

In the result, appeal of the assesseeITA No

ITA 266/ASR/2023[2018-19]Status: DisposedITAT Amritsar06 Dec 2023AY 2018-19

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjeei.T.A. No. 266/Asr/2023 Assessment Year: 2018-19

Section 115BSection 133ASection 143(3)Section 250(6)Section 69A

155 Taxmann.com 293 (Asr Trib.). The relevant paragraphs are reproduced as below: - “6. We heard the rival submission and considered the documents available in the record. During survey proceeding the assessee surrendered total income of Rs. 29 lacs out of which amount to Rs. 14,23,000/- was related to other discrepancies/miscellaneous business income which was treated as income